Patriot Battery Metals Provides Further Update on 2022 Drill Campaign at the 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 Provides Further Update on 2022 Drill Campaign at the Corvette
Lithium Property, James Bay, Quebec
Vancouver, BC, Canada
April 7, 2022 – Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: PMETF )
(FSE: R9GA) is pleased to provide a further update on the winter/spring component of its 2022 drill campaign at its
wholly owned Corvette Property (the “Property”), located in the James Bay Region of Quebec. 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.
The winter/spring phase of the 2022 drill campaign began in late February with two diamond drill rigs currently
operating on site. To date, fifteen (15) NQ size drill holes have been completed for a total of approximately 3,136 m.
All drill holes completed to date have collared on lake ice with the primary objective to test for mineralized pegmatite
along strike from surface outcrops , potentially connecting CV5 -6 pegmatites with the CV1-2 pegmatites, as well as
testing the mineralization at depth . 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.
Table 1: Pegmatite intercepts logged in 2022 drill holes at the Corvette Property
Hole ID Azimuth (°) Dip (°) From (m) To (m) Interval (m)1
CV22-015 158 45 27.1 75.1 48.0
CV22-016 158 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
CV22-019 158 45 108.47 207.32 98.9
CV22-020 338 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
CV22-023 338 45 117.9 120.6 2.7
CV22-024 158 45 45.5 66.4 20.8
22.7 85.3 62.6
90.6 97.5 6.8
CV22-026 - 90
CV22-027 158 45
CV22-028 158 45
CV22-029 158 45
(1) All intervals are core length. True width is not known
Pegmatite intersected, logging not complete
Pegmatite intersected, logging not complete
158 45
158 45
45158
Pegmatite intersected, logging not complete
CV22-017
CV22-021
CV22-022
CV22-018
Pegmatite intersected, logging not complete
158 45
45158CV22-025
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. The mineral
spodumene has been field identified in multiple drill holes completed over the winter program; however, core sample
assays have not yet been received. In addition, the working geological model indicates that the pegmatite body is
thickening at depth, as is evidenced by drill holes CV22- 016 and 019, which tested the down -dip extension of drill
holes CV22-015 and 018, respectively, and returned significantly wider intercepts (Figure 2). This is further supported
by drill hole CV22-028, which tested the down-dip extension of drill hole CV22-027, also returning a wider intercept;
however, the pegmatite intersection s for these two holes are based on preliminary observations at the drill rig with
formal logging not yet completed. The drill core is actively being logged and sampled on site with core samples
shipped weekly to the analytical laboratory. The Company is using SGS Canada (Lakefield, ON, and Burnaby, BC
facilities) as their primary analytical lab.
The winter/spring phase of the 2022 drill campaign is expected to continue until April 20th followed by a break to
allow for spring ice break-up. The summer/fall phase of the drill campaign will then immediately follow , scheduled
to begin June 1st, and will focus on continued land-based infill and step-out drilling around CV5-6 and CV1-2, as well
as testing new regional targets (see news release dated March 8th, 2022).
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).
The Company has engaged Forage Fusion Drilling Ltd. of Hawkesbury, Ont. to carry out the diamond drilling, with
the program being managed by Dahrouge Geological Consulting Ltd. of Edmonton, AB.
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.
Figure 1: 2022 drill hole collar locations
Figure 2: Cross-sections of CV5 Pegmatite extending under lake
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 (~22 0 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 th e 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 po tential 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 host s 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 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, ar e 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.