Patriot Battery Metals Receives Drill Permits, Secures Contractors, and Finalizes Plans for Mobilization of Drill Rigs to the CV5-6 Pegmatites at the Corvette 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 Receives Drill Permits, Secures Contractors, and Finalizes Plans for
Mobilization of Drill Rigs to the CV5-6 Pegmatites at the Corvette Property, James Bay, QC
Vancouver, BC, Canada
February 9, 2022 – Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: PMETF) (FSE:
R9GA) is pleased to announce it has received its drill permits and has formally engaged a drill contractor for a two
(2) drill rig exploration program to commence later this month at the Corvette 1 Property (the “Property”) located
in the James Bay Region of Quebec. The winter phase of the 2022 drill exploration campaign will focus on further
delineation of the CV5 -6 spodumene pegmatite s where the initial four (4) drill holes to test the prospect returned
strong lithium-tantalum mineralization, highlighted by drill hole CF21-002 with 0.94% Li2O and 117 ppm Ta2O5 over
155.1 m, and drill hole CF21 -003 with 58.1 m at 1.25% Li 2O and 194 ppm Ta 2O5 (see news release dated February
3rd, 2022).
Blair Way, Company President and Director, comments: “ It is very exciting to be kicking off our second drill
program on the Property and expectations are high for this 20,000 m program. The winter drilling will be focused
over the shallow frozen lake between the CV5 and CV1 outcrops and will provide invaluabl e information on the
continuity between these well -mineralized pegmatites. The summer program will immediately follow and be
focused on ground- based delineation of the pegmatites in the CV5 -6 and CV1 -2 area, as well as drill test several
other high- priority pegmatite targets on the Property where strong surface lithium mineralization has been
sampled. It is very rewarding to be deploying our $13M war chest in such a meaningful way.”
Forage Fusion Drilling Ltd . of Hawkesbury, ON, has been engaged to carry -out the Company’s aggressive 15,000 to
20,000 m drill campaign at the Property. Two (2) drill rigs and crew, as well as the geological team are expected to
be mobilized to site at the end of the month and a first hole collar expected in early March. Both drill rigs will focus
on the area along strike between the CV5 -6 and CV1-2 pegmatites to determine the dimensions, depth extent, and
potential for pegmatite at this location.
In addition, the Company is pleased to report that it is has received i ts drill permits from the relevant Ministries to
drill on ice as well as areas adjacent on the Property . Further, the Company has presented its COVID -19
Management Plan to the Cree Nation Government (Eeyou Istchee) and is please d to report of its acceptance. In
2021, 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 that no cases of COVID-19 were documented relating to its
mineral exploration programs conducted in 2021. Mineral exploration has been recognized as an essential service
in Canada and the Province of Quebec.
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% 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 fo r a series of relatively closely spaced/stacked, sub -parallel, and sizable spodumene -bearing
pegmatite bodies, with significant lateral and depth extent, to be present.
1. The Company notes that it is simplifying the “Corvette-FCI” Property name to the “Corvette” Property. The Property extent
remains unchanged and includes the FCI West, FCI East, and Corvette claim blocks.
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 C orvette-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 lithiu m 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 pp m 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 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 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