S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

Defense Metals Reports High-Grade Rare Earth Intercepts at Wicheeda

Defense Metals Corp. has unveiled assay results from its spring 2026 drilling campaign at the Wicheeda Rare Earth Project near Prince George, Canada, with initial core samples showing high-grade mineralization. The data, drawn from eleven drill holes, are expected to bolster the project's resource classification following a successful infill program.

Defense Metals Reports High-Grade Rare Earth Intercepts at Wicheeda
Photo: Bio & News

The campaign, which focused on upgrading inferred resources within the pit limits defined by the 2025 Preliminary Feasibility Study, yielded several notable intercepts. Drill hole WI26-96 returned 2.86% Total Rare Earth Oxide (TREO) over 65 metres, including a high-grade section of 6.15% TREO over 20.3 metres. Another core, WI26-93, cut across the southern margin of the deposit to reveal 1.70% TREO over 184 metres.

Additional drilling at holes WI26-100 and WI26-102 further confirmed the deposit's potential. Hole WI26-100 intersected 2.40% TREO over 85 metres from the surface, while WI26-102 returned 3.25% TREO over 34.3 metres. Robin Jones, VP of Projects at Defense Metals, stated that the results align with the company's goal of improving resource confidence. The company is currently awaiting assay results for the remaining 10 resource upgrade holes from the season's 31-hole program, which totaled 5,345 metres of drilling.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!