Defense Metals Updates Wicheeda Canada Light Rare Earth Element Deposit Geological Model and Advances Toward Updated Mineral Resource Estimate and PFS

Defence Metals
Figure 1: Wicheeda Deposit Updated Geological Model Showing PEA Mineral Resource Pit Shell (isometric view looking east) (CNW Group/Defense Metals Corp.)

Defense Metals Corp. (“Defense Metals” or the “Company“; (TSXV: DEFN) (OTCQB: DFMTF) (FSE:35D) is pleased to report its technical team has completed updates to the Wicheeda Rare Earth Element (REE) Deposit 3D geological model. The geological model and resource estimation domain update, which incorporates over 10,000 metres of additional drilling within 47 diamond drill holes completed during 2021 and 2022 following completion of the Wicheeda Deposit preliminary economic assessment (PEA), is preparatory to updating the Wicheeda Deposit mineral resource estimate (MRE) and is an essential input to the planned pre-feasibility study (PFS). read more