Defense Metals Corp. (DFMTF) – High Grades Discovered in the Northern Portion of the Wicheeda REE Deposit

Natural Resources
0 min read

Wednesday, October 12, 2022

Defense Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Recent drill results. Defense Metals released assay results from two additional core drill holes which highlight the Wicheeda REE deposit’s potential for high REE grades over significant widths. The two holes, representing 717 meters of drilling, were collared from the same site within the northern part of the project area.

High grade results in the northern portion of the Wicheeda deposit. Infill drill hole WI22-68, the deepest hole drilled to date at 395 meters, was drilled southwest within the northern area of the deposit and yielded a broad mineralized intercept of high-grade dolomite carbonatite averaging 3.58% total rare earth oxide (TREO) over 124 meters, including a high-grade zone of 6.7% TREO over 18 meters that included a 3-meter sample yielding 8.58% TREO. Hole WI22-63 collared from the same drill site, tested the interpreted eastern contact of the carbonatite body at depth and returned 2.29% TREO over 39 meters, including 5.08% TREO over 9 meters.

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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 


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