Patriot Battery Metals Drill Results Indicate High-Grade Lithium at Its James Bay Property

Patriot Battery Metals Inc. assay results for the final ten (10) drill holes completed at its Corvette Property in the James Bay Region of Quebec from its 2022 drill campaign indicates high-grade lithium mineralization at the easternmost drill hole at the CV5 Pegmatite. The drill hole result at 52.2 m at 3.34% Lithium2O (219.1 m to 271.2 m), including 15.0 m at 5.10% Lithium2O (CV22-093).

The Corvette Property in the James Bay Region of Quebec. Is located approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and powerline infrastructure and is currently accessible by winter road.

The strongly mineralized drill intersection further delineated the high-grade lithium in Patriot Battery Metals Nova Zone previously identified in drill holes CV22-017, 042, 066, and 083. 131.2 m at 1.96% Li2O (250.8 m to 382.0 m), including 57.0 m at 2.97% Li2O (CV22-100).

Drill hole CV22-093 continues to extend mineralization eastwardly at the CV5 Pegmatite and is interpreted to have intersected part of the large, high-grade Nova Zone within the overall pegmatite system that has now been defined by several drill holes, including CV22-017, 042, 066, 083, 093, and 100 over a strike length of at least 350 metres.

“The results herein conclude the release of core assays from the 2022 drill campaign at the CV5 Pegmatite and we could not be more thrilled with the results. We have exceeded all of our program objectives, expanding the known mineralized system from a few hundred metres along-strike in 2021, to at least 2.2 km in 2022, remaining open and demonstrating high-grades at both ends,” said Blair Way, Company President, CEO and Director.

“We have just recently commenced our 2023 drill campaign and will continue to aggressively delineate what we believe will be a top tier lithium asset globally when fully defined, “ Way added.

The extension of the CV5 Pegmatite eastwardly, and thus the high-grade Nova Zone, is currently being tested with the first series of drill holes as part of the 2023 winter drill program.

The spodumene mineralization at the greater CV5 Pegmatite has been traced over a strike length of at least 2,200 m through the 2021 & 2022 drill campaign. The mineralization remains open along strike at both ends and to depth along most of the pegmatite’s length.

The hole to the west of the 2022 drill campaign returned 16.9 m at 2.00% Li2O (CV22-074) and to the east returned 52.2 m at 3.34% Li2O (CV22-093), demonstrating high-grades at both ends of the currently defined 2.2 km spodumene pegmatite strike length, which remains open.

All 2022 drill core assays for the CV5 Pegmatite have now been reported, with core assay results for all fourteen (14) drill holes completed at the CV13 Pegmatite cluster remaining to be reported.

The ten (10) drill holes (NQ core size – 47.6 mm inside diameter) reported herein targeted mineralization at the eastern extent of the currently defined CV5 Pegmatite as well as at depth over the central and eastern areas (Figure 1). Highlights include drill hole CV22-093, the most easterly drill hole competed at the CV5 Pegmatite in 2022, which returned 52.2 m at 3.34% Li2O, including 15.0 m at 5.10% Li2O or 2.0 m at 6.17% Li2O (Figures 1 and 2), and was completed as a 100 m step-out along strike of drill hole CV22-083, which intersected 25.0 m of 5.04% Li2O (see news release dated January 18th, 2022).

 

The results of drill hole CV22-093 (15.0 m at 5.10% Li2O) confirm the extension of the high-grade Nova Zone eastward – by at least 100 m – as previously intersected in drill holes CV22-017 (40.7 m at 3.01% Li2O), CV22-042 (37.0 m at 3.04% Li2O), CV22-066 (38.0 m at 2.17% Li2O, including 2.0 m at 6.41% Li2O), and CV22-083 (25.0 m at 5.04% Li2O, including 5.0 m at 6.36% Li2O) – see news releases dated May 24th, August 31st, and December 13th, 2022, and January 18th, 2023, respectively. Collectively, core assays from these drill holes – CV22-017 to 093 – define a strike length for this high-grade zone of approximately 350 m and remains open to the east. Drill hole CV22-100, as announced herein, also tested the Nova Zone between drillholes CV22-042 and 063, at a similar depth, and returned a strongly mineralized interval of 131.2 m at 1.96% Li2O, including 57.0 m at 2.97% Li2O (Figures 3 and 4).

Drill holes CV22-087, 094, 098, and 102 tested two areas of the system at depth and returned nil to minor pegmatite intervals. This contrasts with drill holes situated further west along strike, which have tested the same depth intervals and returned strong intervals of mineralized pegmatite. These drill holes highlight the inherent pinch and swell nature of pegmatite systems.

The 2022 drill campaign at Corvette has significantly expanded lithium mineralization at the CV5 Pegmatite. The drilling to date has largely been completed at approximately 100 m spacing (down to ~50 m in some places) with the principal spodumene pegmatite body (CV5), flanked by several secondary lenses, currently traced by drilling over a distance of at least 2,200 m (CV22-074 to CV22-093), remaining open along strike at both ends and to depth along most of its length. The final step-out hole to the west of the 2022 drill campaign returned 16.9 m at 2.00% Li2O (CV22-074) and to the east returned 52.2 m at 3.34% Li2O (CV22-093), demonstrating high-grades at both ends of the currently defined 2.2 km spodumene pegmatite strike length, and remains open.

For the drill holes reported herein, core assays for pegmatite intervals greater than two (2) m are presented in Table 1 and drill hole locations in Figure 1. Drill hole coordinates and other attributes are also available in Table 1 and the Company’s website, which has a downloadable excel spreadsheet listing assay results from prior drill holes. All core assays from the 2022 drill campaign at the CV5 Pegmatite have now been reported, with core assays for all fourteen (14) drill holes completed at the CV13 Pegmatite cluster remaining to be reported.

Through 2022, the Company has completed ninety-five (95) NQ core size drill holes, totalling 27,470 m, at targets along the CV Lithium Trend – eighty (80) drill holes totalling 24,709 m at the CV5 Pegmatite and proximal lenses, fourteen (14) drill holes totalling 2,647 m at the CV13 Pegmatite cluster, and one (1) drill hole totalling 114 m at the CV12 Pegmatite cluster.

About Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of mineral properties containing battery, base, and precious metals.

 

The Company’s flagship asset is the 100% owned Corvette Property, located proximal to the Trans-Taiga Road and powerline infrastructural corridor in the James Bay Region of Québec. The land package hosts significant lithium potential highlighted by the 2.2 km long CV5 spodumene pegmatite with drill intercepts of 156.9 m at 2.12% Li2O, including 25.0 m at 5.04% Li2O or 5.0 m at 6.36% Li2O (CV22-083), 159.7 m at 1.65% Li2O and 193 ppm Ta2O5 (CV22-042), 152.8 m at 1.22% Li2O and 138 ppm Ta2O5 (CV22-030), and 40.7 m at 3.01% Li2O and 160 ppm Ta2O5 (CV22-017). Additionally, the Property hosts the Golden Gap Trend with grab samples of 3.1 to 108.9 g/t Au from outcrop and 7 m at 10.5 g/t Au in drill hole, and the Maven Trend with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop.

The Company also holds 100% ownership of the Freeman Creek Gold Property in Idaho, USA which hosts two prospective gold prospects - the Gold Dyke Prospect with a 2020 drill hole intersection of 12 m at 4.11 g/t Au and 33.0 g/t Ag, and the Carmen Creek Prospect with surface sample results including 25.5 g/t Au, 159 g/t Ag, and 9.75% Cu.

The Company’s other assets include the Pontax Lithium-Gold Property, QC; and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.

 

For further information, please contact us at info@patriotbatterymetals.com Tel: +1 (604) 279-8709, or visit www.patriotbatterymetals.com

Please also refer to the Company’s continuous disclosure filings, available under its profile at www.sedar.com, for available exploration data.

Tags: Quebec / Exploration / Battery Metals / All Articles