Patriot Battery Metals Announces Significant Drill Intercepts of Lithium

press release

January 20, 2023

Patriot Battery Metals has announced the widest, highest grade lithium drill intercept returned to date at the CV5 Pegmatite – drill hole CV22-083.

The company’s flagship asset is the 100 percent owned Corvette Property, located proximal to the Trans-Taiga Road and powerline infrastructural corridor in the James Bay Region of Québec.

According to the announcement, drill hole CV22-083 continues to extend mineralization eastwardly at the CV5 Pegmatite and is interpreted to have intersected part of a large, high-grade ‘zone’ within the overall pegmatite that now has been defined by several drill holes, including CV22-017, 042, 066, and 083 over a strike length of at least 250 m.

Extension of the high-grade zone eastwardly is to be tested with the first series of drill holes as part of the 2023 winter drill program.

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

Core assay results for 24 drill holes from the 2022 drill campaign remain to be reported – 10 at the CV5 Pegmatite cluster and 14 at the CV13 Pegmatite cluster.

Darren Smith, vice president of Exploration for the company, said: “It is hard to find words to adequately describe the impressive nature of the lithium mineralization in drill hole CV22-083. Visual estimates of spodumene abundance may give you a sense, but assays are the true measure and have certainly astounded with this hole. As we move east, we are defining a significant high-grade zone at a coarse drill spacing of 50 to 100 m. The recently commenced winter drill program will continue to probe and delineate this area ahead of an initial mineral resource estimate planned for the first half of 2023. Drill hole CV22-083 has raised the bar ever higher with respect to the considerable potential at CV5 as we continue to delineate it, and by extension, the rest of the CV lithium district held by the company that has yet to be drill tested.”

The CV lithium trend is an emerging spodumene pegmatite district discovered by Patriot Battery Metals in 2017 and spans more than 25-km across the Corvette Property.

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

Image: High-grade drill core intersection, courtesy of Patriot Battery Metals.


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