Patriot Battery Metals Drills 1.25% Li2O over 58.1 m, including 1.80% Li2O over 33.0 m, in Third Hole at the Corvette-FCI Property, James Bay, QC
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 Drills 1.25% Li2O over 58.1 m, including 1.80% Li2O over 33.0 m, in
Third Hole at the Corvette-FCI Property, James Bay, QC
Vancouver, BC, Canada
February 3, 2022 – Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: PMETF) (FSE:
R9GA) is pleased to announce the assay results from the third and fourth holes of its inaugural drill program at the
Company’s Corv ette-FCI Property (the “Property” or "Project" ), located in the James Bay Region of Quebec. The
third drill hole (C F21-003) targeted the CV5 Spodumene Pegmatite outcrop from the opposite side , on the same
section, as the first drill hole ( CF21-001). The fourth drill hole (CF21 -004) targeted the CV6 Pe gmatite outcrop,
which is located approximately 550 m along strike west -southwest of drill holes CF21- 001 and 003, and
approximately 650 m along strike from drill hole CF21- 002. The CV5 -6 pegmatites form part of the more than 25
km long CV Lithium Trend that is host to multiple spodumene pegmatite occurrences . Drill core sample assay
highlights from the third and fourth holes of the 2021 program are outlined in Table 1 and include:
• CF21-003 – 1.25% Li2O and 194 ppm Ta2O5, over 58.1 m (from 23.0 m to 81.1 m), including,
o 1.80% Li2O and 264 ppm Ta2O5 over 33.0 m (from 27.0 m to 60.0 m)
• CF21-004 – 0.64% Li2O and 223 ppm Ta2O5 over 63.6 m (from 38.0 m to 101.6 m), including
o 1.13% Li2O and 180 ppm Ta2O5 over 30.0 m (from 41.0 m to 71.0 m), including,
o 1.69% Li2O and 210 ppm Ta2O5 over 10.0 m (from 41.0 m to 51.0 m)
Blair Way, Company President and Director, comments: “ This third drill hole gives us a clear insight as to the
thickness of the CV5 Pegmatite as indicated from cross -sections. The coming winter drill program will focus on the
shallow glacial lake between CV5 and CV1 to better determine the dimensions, depth extent, and potential for
pegmatite at this location. The initial drilling and geological modelling have made it clear that the true thickness of
the CV5 pegmatite is significantly larger than the surface outcrop.”
The third drill hole of the program (CF21-003) was collared approximately 20 m from the CV5 Pegmatite outcrop,
on its north side. As the first two drill holes (CF21- 001 and 002), collared on the southside of CV5, indicated the
pegmatite had a conformable strike; however, a non -conformable dip to the local geological fabric, the third hole
was designed to constrain the dip direction at this location. Drill hole CF21- 003 returned a well mineralized
pegmatite interval assaying 1.25% Li 2O and 194 ppm Ta 2O5 over 58.1 m, including 1.80% Li2O and 264 ppm Ta 2O5
over 33.0 m . The drill hole indicates a moderate to steep dip to the north- northwest at this location , and infers a
true width of the pegmatite to approximate 60 m. However, additional drilling, planned to commence this quarter
(see news release dated January 20, 2022) , is required to establish the true orientation of the pegmatite.
Additional assay highlights are presented below in Table 1 and Figure 1. A cross-section of the pegmatite along drill
holes CF21-001 and 003 is presented in Figure 3.
Table 1: Core sample assay highlights from drill holes CF21-001, 002, 003 at the CV5 Pegmatite and 004 at CV6
The fourth drill hole of the program (CF21 -004) was collared approximately 20 m from the CV6 Pegmatite outcrop,
on its south side, approximately 550 m west -southwest and along strike of drill holes CF21 -001 and 003, and
returned a pegmatite intersection of 63.6 m assaying 0.64% Li 2O and 223 ppm Ta 2O5, including 30 m at 1.13%
Li2O and 180 ppm Ta 2O5. With over 223 ppm Ta 2O5 across the entire length of pegmatite at this location, the
potential for a highly fractionated pegmatite with discrete zones of unique mineralization is implied for the CV
Lithium Trend.
Geological modelling and the magnitude of drill intersections sugge sts that the CV5 and CV 6 pegmatites are
connected and may form part of a singular, larger pegmatite body. A dditional drilling is required to confirm the
Company’s interpretation and is a primary objective of the 2022 drill campaign ( see news release dated January
20, 2022). To date, four (4) drill holes at the CV5 -6 pegmatites have been completed with analytical results for all
four (4) drill holes now reported . Coupled with the surface s ampling data, the analytical results indicate a
pegmatite body with significant lateral and depth potential and collectively emphasize the size of the
mineralizing system present within this portion of the overall CV Lithium Trend . It is anticipated that drilling
throughout 2022 will confirm the magnitude of the CV5 and CV6 pegmatites, as well as the numerous other
lithium pegmatites found throughout the Property.
Hole ID From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Ta2O5
(ppm)
Total Depth
(m)
Azimuth
(°)
Dip
(°)
CF21-001 26.0 172.8 146.8 0.93 114 229.1 340 -45
including 26.0 99.0 73.0 1.09 108
or 79.0 99.0 20.0 1.83 108
or 86.0 93.0 7.0 2.29 130
including 118.2 172.8 54.6 1.04 145
or 142.1 150.0 7.9 1.96 157
or 165.0 171.6 6.6 2.22 150
202.0 213.4 11.5 1.39 107
CF21-002 77.9 233.0 155.1 0.94 117 274.2 340 -45
including 78.9 87.0 8.1 1.48 119
including 124.0 162.0 38.0 1.38 160
or 157.0 162.0 5.0 3.91 308
including 189.0 233.0 44.0 1.14 104
CF21-003 23.0 81.1 58.1 1.25 194 106.1 160 -45
including 27.0 60.0 33.0 1.80 264
CF21-004 38.0 101.6 63.6(3) 0.64 223 148.2 340 -45
including 41.0 71.0 30.0 1.13 180
or 41.0 51.0 10.0 1.69 210
or 90.0 101.6 11.6(3) 0.02 403
(3) Sample at depth of 94 - 95 m is missing assay, and therefore, a zero value for Li and Ta has been inserted to allow
for full interval calculation
(2) All intervals are core length. True width of intervals is not well constrained. Preliminary geological modelling
indicates the pegmatite has a near-vertical to steep-dip to the northwest near CF21-004 transitioning to a moderate to
steep-dip to the northwest near CF21-001/003 and 002. A cross-section of the geological model at CF21-001 and 003
indicates a true width of the pegmatite body to approximate 60 m at this location.
(1) All drill holes are NQ core size.
CV5
Pegmatite
CV6
Pegmatite
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 long 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 an d 20-40 m wide), well -mineralized outcrop with drill intercepts of 155.1 m at
0.94% Li 2O and 11 7 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, and therefore considerably larger than that
observed in outcrop. The high number of well -mineralized pegmatites in th is core area of the trend indicate s 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.
Quality Assurance / Quality Control (QAQC)
A Quality Assurance / Quality Control protocol following industry best practices was incorporated into the program
and included systematic insertion of quartz blanks and certified reference materials into sample batches, as well as
collection of quarter -core duplicates, at a rate of approximat ely 5%. The Company also intends to submit
approximately 4-5% of the core samples for check analysis at a secondary lab. A total of 1,766 samples, including
QAQC, have been submitted for geochemical analysis to the primary lab.
All pegmatite encountered in drill hole s CF21-001, 002, 003, and 004 was sampled, including ‘book -end’ sampling
of adjacent rock, for a total of 6 13 samples including QAQC, and were shipped to Activation Laboratories in
Ancaster, ON for analysis. C ore samples collected were submitted for multi -element analysis (including lithium) by
four-acid digestion with ICP -OES finish (package 1F2) and tantalum by INAA (code 5B), with any samples returning
>8,000 ppm lithium by 1F2 then reanalysed for lithium by code 8-4 Acid ICP-OES Assay. Industry standard drill core
sample preparation was completed and was comprised of crushing to 80% passing 10 mesh, followed by a 250 g
riffle split and pulverizing to 95% passing 105 µ (package RX1).
The Company notes that it carried out its field programs while adhering to all federal, provincial, and regional
restrictions in place due to the COVID -19 pandemic, and successfully navigated the process to enter the James Bay
Region to complete its planned field activities. Mineral exploration has been recognized as an essential service in
Canada and the Province of Quebec. The Company is also pleased to report that no cases of COVID -19 were
documented with respect to the 2021 exploration program.
Figure 1: Aerial view of the CV5-6 pegmatites, looking north-west
Figure 2: Preliminary cross-section of drill holes CF21-001 and 003
Figure 3: Drill hole locations – CV5-6 pegmatites
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 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 l ithium potential highlighted by the assay results of
the first drill hole (CF21- 001) completed by the Company on the Property, which returned a 146.8 m interval of
near continuous pegmatite, assaying 0.93% Li2O and 114 ppm Ta2O5, including 1.09% Li2O and 108 ppm Ta2O5
over 73.0 m, and 1.04% Li2O and 145 ppm Ta2O5 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 Car men
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 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