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Defense Metals Drills 215 Metres Carbonatite in First Hole At Wicheeda Rare Earth Element Deposit
VANCOUVER, BC, Sept. 21, 2021 /CNW/ - Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to provide an u
About this update from Defense Metals Corp.
[{"type":"text","content":" VANCOUVER, BC, Sept. 21, 2021 /CNW/ - Defense Metals Corp. (\"Defense Metals\" or the \"Company\") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to provide an update with respect to its ongoing Wicheeda Rare Earth Element (REE) deposit resource expansion and delineation diamond drill program. The first drill hole of the 2021 campaign testing the North Zone of the Wicheeda REE Deposit has intersected a 215-metre core interval of visually REE mineralized carbonatite, the longest carbonatite interval ever drilled on the Project (Figure 1). The program is progressing on schedule and is currently on the 4th drill hole, with over 750 metres drilled to date. The road accessible Wicheeda REE Property is located close to infrastructure approximately 80 kilometres northeast of Prince George, British Columbia (BC). The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO[1]. Figure 1. REE Mineralized Carbonatite from WI21-33 (47-55 metres downhole) ___________________ 1 Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo.) is available under Defense Metals Corp.'s profile on SEDAR (www.sedar.com) Drill hole WI21-33 (350az/-80o) was designed to test the North Zone of the Wicheeda REE Deposit, which remains open to expansion, and collared into visually REE mineralized carbonatite, and remained in carbonatite to a depth of 220 metres downhole. Significantly the intercept extends 120 metres vertically below the bottom of nearest mineralized drill hole (WI19-32) and 70 metres and below the base of the current resource pit shell, reinforcing that the north end of the Wicheeda REE Deposit is open to expansion (Figure 2). The drill hole was designed to follow-up and expand to depth mineralization in nearby 2019 drill holes that yielded some of the highest REE grades to date including hole WI19-31 that intersected 4.43% LREO over 83 metres; including 5.47% LREO over 33 metres; and WI19-32 the final hole of the 2019 campaign that returned 4.01% LREO over 58 metres[2] (see Defense Metals News Release Dated December 12, 2019). The 2021 Wicheeda...