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Gabo Mining Ltd V.MDL

Medallion Resources Ltd. is focused on mid-stream separation and purification of rare earth oxides and salts (REOs) based on Ligand Assisted Displacement (LAD) Chromatography, enablement of upstream processing using the Company’s proprietary Medallion Monazite Process (MMP) technology, and marketing of magnetic REOs (neodymium, praseodymium, dysprosium, and terbium) to downstream rare earth permanent magnet producers and consumers. It has developed a process and business model for extraction of rare earth elements from monazite, which is a phosphate mineral that is a common by-product of heavy mineral sand operations. The Company holds exclusive rights to the patented LAD Chromatography rare earth element (REE) separation process developed to separate minerals from all raw material feed stocks excluding coal sources and recycled materials from manufacturing wastes and recyclates from battery and magnet sources. It is investing in the development of LAD Chromatography.


TSXV:MDL - Post by User

Post by nekon Apr 27, 2022 9:34am
186 Views
Post# 34635143

Re post…if AcDc looks like this were in business…

Re post…if AcDc looks like this were in business…

Defense Metals Corp. Drills Longest High-Grade Intercept To Date 3.09% Total Rare Earth Oxide Over 251 Metres; Including 3.92% Over 80 Metres at Wicheeda

Defense Metals Corp. Drills Longest High-Grade Intercept To Date 3.09% Total Rare Earth Oxide Over 251 Metres; Including 3.92% Over 80 Metres at Wicheeda

PR Newswire

VANCOUVER, BCApril 27, 2022 /PRNewswire/ - Defense Metals Corp. ("Defense Metals" or the "Company") (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce results for the final five diamond drill holes totalling 1,079 metres from the Company's 29 hole, 5,349 metre diamond drill program completed during fall 2021. Drill holes WI21-57 through WI21-61 were collared from the two sites within the eastern area of the Wicheeda Rare Earth Element (REE) deposit.

Resource definition drill hole WI21-58 in conjunction withWI21-59 collared from the same setup yielded two of the three highest grade x width intercepts of the 2021 drill campaign, with WI21-58 averaging3.09% TREO over 251 metres, including 3.92% TREO over 80 metres; and WI21-59 returning 2.76% TREO over 212 metres; including 3.25% TREO over 90 metres from surface.

Luisa Moreno, President, and Director of Defense Metals stated: "We are extremely pleased to publish the last assay results for our 2021 Wicheeda REE Deposit drill campaign with some of the highest-grade and widest drill intercepts encountered to date on the Project. Our first hole of 2021 yielded 3.17% TREO over 196 metres within the untested northern zone (WI21-33). With the final holes released today we have WI21-59 collared 200 metres to the south besting that result with exceptionally REE high grades over a 250-metre interval."

Infill drill hole WI21-57 (-50o dip / 290o azimuth) testing a gap within the central area of the Deposit returned a high-grade dolomite carbonate interval averaging 3.45% TREO over 116 metres from surface, giving way to mixed syenite at depth averaging 1.37% TREO over 96.5 metres along the western contact (Table 1 and Figure 1).

Delineation drill holes WI21-58 (-60o dip / 355o azimuth) and WI21-59(-70o dip / 015o azimuth) targeted inferred resources at depth along the eastern contact and intersected two of the three highest grade x width intercepts of the 2021 drill campaign, with WI21-58 averaging3.09% TREO over 251 metres, including 3.92% TREO over 80 metres; and WI21-59 returning 2.76% TREO over 212 metres; including 3.25% TREO over 90 metres from surface (Figure 2).

Infill drill hole WI21-60 (-55o dip / 205o azimuth) targeting the southern area of the Deposit returned 2.93% TREO over 154 metres; including 5.47% TREO over 39 metres from surface representing the third highest-grade reported drill intercept (Figure 3).

Like WI21-57, drill hole WI21-61 (-50o dip / 210o azimuth) targeted the central gap area from a pad 200 metres north. The hole collared into east side limestone host rock before intersecting a broad high-grade dolomite carbonatite interval averaging 3.44% TREO over 114 metres, giving way to mixed xenolithic carbonatite and syenite rocks at depth returning 0.93% TREO over 79 metres (Figure 4).


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