Patriot Battery Metals Achieves 50% Earn-In from O3 Mining for the FCI Property,
Patriot Battery Metals Inc.
Suite 700 - 838 W. Hastings Street, Vancouver, BC, Canada, V6C 0A6
www.patriotbatterymetals.com CSE: PMET / OTC: RGDCF / FSE: R9GA
Patriot Battery Metals Achieves 50% Earn-In from O3 Mining for the FCI Property,
James Bay, QC
Vancouver, BC, Canada
January 13, 2022 – Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: RGDCF) (FSE:
R9GA) is pleased to announce it has earned its second 25% interest in the FCI Property, taking the Company to a
50% ownership as part of an Option Agreement (the “Agreement”) with O3 Mining Inc. (“O3 Mining”) to earn up
to a 75% interest (see news release dated April 24, 2019). The FCI Property is comprised of two neighboring claim
blocks (FCI East and FCI West), for a combined total of 111 claims (5,688 ha), which are situated contiguous to the
Company’s wholly owned Corvette claim block, located in the James Bay Region of Quebec, proximal to regional
hydro-electric and road infrastructure. Collectively, the Corvette-FCI Property (the “Property”) is comprised of 367
contiguous claims totalling 18,795 ha.
Company President and Director Blair Way comments: “We have now earned a 50% interest in FCI, which we will
quickly be advancing to 75% interest upon a further $2M spend on the claim group. Having recently completed a
$11M financing, Patriot Battery Metals is well positioned to aggressively advance this new lithium discovery at our
Corvette-FCI Property.”
The Corvette-FCI Property is situated within the Guyer Group (wacke, iron formation, komatiite, tuffs,
amphibolite) of the greater La Grande Greenstone Belt, which trends east-west through the region, approximately
6 to 18 km south of the Trans -Taiga Road and power line co rridor. The Property hosts a highly prospective CV
Lithium Trend (spodumene pegmatite), spanning a distance of over 25 km, as well as the Golden Gap Trend (gold),
and the Maven Trend (copper-gold-silver).
In fall 2021, t he Company completed its inaugural drill program on the Property targeting the CV and Maven
trends, with the first drill hole (CV21-001) – targeting the CV5-6 pegmatites – returning a 146.8 m interval of near
continuous pegmatite, assaying 0.93% Li 2O and 114 ppm Ta 2O5, including 1.09% Li2O and 108 ppm Ta 2O5 over
73.0 m, and 1.04% Li 2O and 145 ppm Ta 2O5 over 54.6 m (see news release dated November 29 th, 2021). This
interval returned numerous samples over 2.0% Li2O, including a peak assay of 4.16% Li2O and 233 ppm Ta2O5 over
1.01 m.
Assays remain to be received for the remaining drill holes from the program (CV21 -002 through CV21-014). The
Company is in close contact with the lab in order to expedite final results as soon as possible ; however, the
laboratories in the industry continue to be constrained, which has dramatically impacted turn-around times.
Drill holes CF21 -002, 003, and 004 each intersected wide intervals of pegmatite containin g varying amounts of
spodumene mineralization (assays pending), ranging from 59.1 m to 126.5 m core length. Collectively, the grades
returned to date at surface and from CF21-001, coupled with the wide widths of spodumene pegmatite observed
in core over se veral drill holes along strike, emphasize the size of the mineralizing system and indicate the
Company has tapped into a mineralized body of potentially considerable significance.
Qualified Person
Darren L. Smith, M.Sc., P. Geo., Vice President of Exploration for the Company and Qualified Person as defined by
National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of
mineral projects containing battery, base, and precious metals.
The Company’s flagship asset is the Corvette-FCI Property which includes the wholly owned Corvette claim block,
and the FCI East and West claim blocks held under Option from O3 Mining Inc ., located in the James Bay Region
of Québec. The claim blocks are contiguous, and host significant lithium potential highlighted by the assay results
of the first drill hole (CV21-001) completed by the Company on the Property , which returned a 146.8 m interval
of near continuous pegmatite, assaying 0.93% Li 2O and 114 ppm Ta2O5, including 1.09% Li2O and 108 ppm Ta2O5
over 73.0 m, and 1.04% Li 2O and 145 ppm Ta 2O5 over 54.6 m. Additionally , the Property hosts the Golden Gap
Trend with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m 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 the Freeman Creek Property in Idaho, which hosts two prospective gold prospects - the
Gold Dyke Prospect with a 2020 drill hole intersection of 4.11 g/t Au and 33.0 g/t Ag over 12 m, 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; the Golden Silica Property, BC; 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 [email protected] Tel: +1 ( 778) 945-2950 , or visit
www.patriotbatterymetals.com.
On Behalf of the Board of Directors,
“BLAIR WAY” “ADRIAN LAMOUREUX”
Blair Way, President & Director Adrian Lamoureux, CEO & Director
Disclaimer for Forward-Looking Information
Statements included in this announcement, including statements concerning our plans, intentions, and expectations, which are not histo rical in nature are
intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”,
“believes”, “intends”, “estimates”, “expects” and similar expressions. The Compan y cautions readers that forward -looking statements, including without
limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncerta inties that could cause actual
results to differ materially from those indicated in the forward-looking statements.
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release