Patriot Battery Metals Completes Winter Drill Program, Extends Main Pegmatite Body to over 1.4 km in Length, and Returns Wider Intersections at Depth – Corvette Lithium Property, James Bay, Quebec
Patriot Battery Metals Inc.
Suite 700 - 838 W. Hastings Street, Vancouver, BC, Canada, V6C 0A6
www.patriotbatterymetals.com CSE: PMET / OTC: PMETF / FSE: R9GA
Patriot Battery Metals Completes Winter Drill Program, Extends Main Pegmatite Body to
over 1.4 km in Length, and Returns Wider Intersections at Depth – Corvette Lithium
Property, James Bay, Quebec
Vancouver, BC, Canada
April 21, 2022 – Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: PMETF )
(FSE: R9GA) is pleased to announce that it has concluded the winter /spring component of the 2022 drill campaign
at its wholly owned Corvette Property (the “Property”). Further, the Company is pleased to report that, based on drill
holes completed to date, the geological 3D modelling indicates that pegmatite continues across the lake from CV5
towards CV1 – a strike length of at least 1,400 m – and the working geological model continues to indicate that the
pegmatite body is thickening at depth. The target drill area – at the CV Lithium Trend – is located approximately
13.5 km south of the regional and all -weather Trans-Taiga Road and powerline infrastructure , within the James Bay
Region of Quebec.
The winter/spring phase of the 2022 drill campaign began in late February with two diamond drill rigs, which remain
on site in preparation the summer/fall phase of the drilling expected to commence in early June. A total of twenty (20)
NQ size diamond drill holes (4,352 m) were completed during the winter/spring phase and included seventeen (17)
holes collared over ice, and three (3) holes collared over land. The geological team remains on site for final processing
of the drill core received and to prepare the program’s final shipment of samples for transport to the laboratory for
analysis. The Company is using SGS Canada (Lakefield, ON, and Burnaby, BC facilities) as their primary analytical
lab.
The primary objective of the winter/spring drill program was to test for mineralized pegmatite along strike from
surface outcrops , potentially connecting the CV5-6 pegmatites with the CV1-2 pegmatites, as well as testing the
mineralization at depth. The Company is pleased to report that, based on drill holes completed to date, the geological
3D modelling indicates that pegmatite con tinues across the lake from CV5 towards CV1 – a strike length of at
least 1,400 m. The lithium-bearing mineral spodumene has been field identified in multiple drill holes , including the
final two (2) drill holes of the program. No core sample assays have been received.
In addition, the working geological model continues to indicate that the pegmatite body is thickening at depth,
as is evidenced by drill holes CV22- 016, 019, 031, and 028, which tested the down- dip extension of drill holes
CV22-015, 018, 025, and 027, respectively, and returned significantly wider intercepts. Orientation of drill holes along
with logged pegmatite intercepts are presented in Table 1 . The location of drill holes completed to date are presented
in Figure 1.
The summer/fal l phase of the drilling is scheduled to begin June 1 st, and detailed planning is underway for the
remaining approximately 15,000 m campaign. This dri lling will focus on continued land- based infill and step -out
holes around CV5-6 and CV1-2, as well as testing new regional targets (see news release dated March 8th, 2022). The
Company is also evaluating the addition of a third drill rig to enable increased prod uction during the summer/fall
program.
The aggressive 2022 drill campaign is being completed as a direct follow -up to the strong lithium -tantalum
mineralization encountered in the first four (4) drill holes to test the CV5 -6 pegmatite this past fall. Drill intercept
highlights include 155.1 m at 0.94% Li 2O and 117 ppm Ta 2O5 (CF21-002), and 58.1 m at 1.25% Li 2O and 194 ppm
Ta2O5 (CF21-003) (see news releases dated January 27th and February 3rd, 2022).
Table 1: Pegmatite intercepts logged in 2022 drill holes at the Corvette Property
The Company notes that it has developed a COVID Management Plan for the program and will carry out its field
programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID- 19 pandemic.
Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec.
Hole ID Land/Ice L ine Location Azimuth (°) D ip ( °) From (m) To (m) Interval (m)1
CV22-015 Ice 1 850E-350N 158 45 27.1 75.1 48.0
CV22-016 Ice 1850E-450N 158 45 89.2 210.0 120.8
36.7 38.5 1.8
162.8 235.8 73.0
269.9 272.1 2.2
54.2 68.8 14.6
69.9 70.7 0.8
73.3 82.4 9.1
CV22-019 Ice 1950E-450N 158 45 108.5 207.3 98.9
CV22-020 Ice 2900E-240N 2 338 45 38.8 50.1 11.3
58.9 60.5 1 .6
68.8 72.0 3.3
31.4 53.8 22.4
77.3 80.9 3.7
CV22-023 Ice 2550E-250N 338 45 117.9 120.6 2.7
CV22-024 Ice 2150E-350N 158 45 45.5 66.4 20.8
22.7 85.3 62.6
90.6 97.5 6.8
33.9 36.6 2.7
47.1 59.4 12.2
71.8 147.0 75.2
37.4 51.7 14.3
55.1 107.5 52.4
78.9 81.0 2.1
132.0 232.9 100.9
CV22-029 Ice 2450E-350N 158 45 8.0 127.1 119.1
86.4 222.1 135.7
224.3 225.4 1.1
226.6 239.2 12.6
CV22-031 Ice 2250E-450N 158 45 107.9 195.2 87.3
CV22-032 Land 1500E-475N 158 45
CV22-033 Land 2750E-350N 158 45
CV22-034 Land 1500E-475N 158 55
(1) All intervals are core length. True width is not known
158 45
158 45
45158
90 -
45
45158CV22-025
Ice
Ice
Ice
Ice
Ice
CV22-017
CV22-021
CV22-022
CV22-018
158
IceCV22-026
CV22-027 Ice 158
Hole lost at depth due to drilling conditions
45
CV22-028 Ice 158 45
(2) Approximate pad location noted as drill hole was slightly off-grid
Pegmatite intersected, logging not complete
Pegmatite intersected, logging not complete
2850E-400N
1950E-350N
2900E-240N 2
2050E-350N
2250E-350N
2550E-250N
2350E-350N
2350E-450N
1750E-450NCV22-030 Ice 158 45
Figure 1: 2022 drill hole collar locations
About the CV Lithium Trend
The CV Lithium Trend is an emerging spodumene pegmatite district discovered by the Company in 2017 and spans
the FCI West, FCI East, and Corvette claim blocks. The core area includes an approximate 2 km long corridor, which
is part of the more than 25 -km l ong and Property -wide CV Lithium Trend. It consists of numerous spodumene
pegmatite occurrences, which include the CV1, CV2, CV3, CV5, CV6, and CV7 pegmatites, highlighted by the CV5
Pegmatite – a large (~220 m long and 20- 40 m wide), well- mineralized outcrop with drill intercepts of 155.1 m at
0.94% Li2O and 117 ppm Ta 2O5 (CF21-002), and 58.1 m at 1.25% Li 2O and 194 ppm Ta 2O5 (CF21-003). Drilling
indicates a pegmatite body approximating 60 m in true width (at CF21-001 and 003), and therefore considerably larger
than that observed in outcrop. The high number of well -mineralized pegmatites in this core area of the trend indicate
a strong potential for a series of relatively closely spaced/stacked, sub -parallel, and sizable spodumene- bearing
pegmatite bodies, with significant lateral and depth extent, to be present.
Qualified Person
Darren L. Smith, M.Sc., P. Geo., Vice President of Exploration of the Company, a registered permit holder with the
Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43- 101, has reviewed 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
properties containing battery, base, and precious metals.
The Company’s flagship asset is the Corvette Property, which includes the wholly owned Corvette, FCI East, FCI
West, Deca-Goose, Felix, and Corvette East claim blocks, located in the James Bay Region of Québec. The land
package hosts significant lithium potential highlighted by the CV5 -6 spodumene pegmatite with drill intercepts of
0.94% Li2O and 117 ppm Ta2O5 over 155.1 m (CF21-002), and 1.25% Li2O and 194 ppm Ta2O5 over 58.1 m at (CF21-
003). 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 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 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; and the Hidden Lake L ithium 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 historical 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 Company 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 uncertainties 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.