Patriot Collars in Spodumene Pegmatite over 22.4 m in First Drill Hole at CV13, and Extends Strike of Spodumene Mineralization to 2.1 km at the CV5 Corridor, Corvette Property, Quebec
Patriot Battery Metals Inc.
Suite 700 - 838 W. Hastings Street, Vancouver, BC, Canada, V6C 0A6
www.patriotbatterymetals.com TSX-V: PMET / OTC: PMETF / FSE: R9GA
Patriot Collars in Spodumene Pegmatite over 22.4 m in First Drill
Hole at CV13, and Extends Strike of Spodumene Mineralization to
2.1 km at the CV5 Corridor, Corvette Property, Quebec
September 19th, 2022 – Vancouver, BC, Canada
Highlights
CV13 Pegmatite Cluster
• Spodumene pegmatite intersected in first drill hole (CV22-077) to target the CV13 pegmatite cluster
o Spodumene pegmatite intercept from surface to 25.5 m (3.1 m to 25.5 m)
o Drill hole located approximately 30 m from outcrop
o Large, centimetre to decimetre scale spodumene crystals
o Core currently being processed at site (no assays received)
• Approximately 2,500 m of drilling planned in 2022 for initial testing at depth of the CV13 pegmatite cluster
CV5 Pegmatite Corridor
• Spodumene-bearing pegmatite intersections in drill holes CV22-074 and 079 have extended the strike length
of mineralized pegmatite at the CV 5 corridor further to the west and east , respectively, for a collective
mineralized pegmatite strike length of at least 2,100 m and remains open in all directions.
• Largest spodumene crystal to date (1.8 m) intersected in drill hole CV22-066
• As of September 1 5th, 2022, a total of approximately 19,1 99 m over sixty- five (65) holes have now been
completed over the 2022 drill campaign – 4,345 m over 20 holes in the winter program, and 14,8 54 m over
forty-five (45) holes in the summer program.
Patriot Battery Metals Inc. (the “Company” or “Patriot”) ( TSX-V: PMET) (OTCQB: PMETF) (FSE: R9GA)
is pleased to provide an update on the 2022 drill campaign at its wholly owned Corvette Property (the “Property”),
located in the James Bay Region of Quebec. The primary drill area is the CV5 pegmatite corridor, located
approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and powerline infrastructure with two
drills currently coring. The Company has recently positioned the third drill rig at the CV13 pegmatite cluster for initial
drill testing.
Blair Way, CEO, President and Director, comments: “ The summer drill program has been exceptional . I am at site
this week with the team , including some of the board members , and look forward to going over in person what we
have found to date this summer. It is an exciting time for the Company as we commence detailed planning for the
winter drill program”.
CV13 Pegmatite Cluster
The CV13 pegmatite cluster is characterized by two (2) contiguous trends, totalling approximately 2.3 km in combined
strike length, and are situated on geological trend between the CV5 pegmatite corridor and the CV8- 12 pegmatite
cluster. The initial drill hole at CV13 (CV22 -077) targeted the largest outcrop (~100 m long x 15 m wide) of the
cluster, situated within the apex of a regional structural flexure – a highly favourable geological setting for lithium
pegmatite emplacement. The hole was collard approximately 30 m back from the outcrop – at an azimuth of 200° and
dip of -45° – and collared in spodumene pegmatite to a depth of approximately 25.5 m (starting from 3.1 m) (Figures
1 and 2). A second hole (CV22- 081) was completed at the same pad and azimuth at a dip of - 80° to catch the lower
contact of the pegmatite before stepping further back from the outcrop for the third hole, which will target both the
upper and lower contacts of the pegmatite. This second drill hole (CV22-081) also collared in spodumene pegmatite
to a depth of approximately 18.4 m.
A preliminary review of the core indicates that the mineralization style in both CV13 drill holes is similar to that of
the principal pegmatite at the CV 5 corridor, characterized by coarse-grained spodumene hosted within a quartz -
feldspar pegmatite. The spodumene mineralization consists off-white to pale-green crystals of centimetre to decimetre
scale, which are relatively free of inclusions (Figures 3, 4, and 5).
A total of approximately 2,500 m is planned over ten (10) to fifteen (15) drill holes at the CV13 pegmatite cluster this
fall, weather permitting, and will test several areas along the trend where spodumene outcrop is present. The Company
intends to follow-up on the results in a winter 2023 drill program.
CV5 Pegmatite Corridor
The Company continues to advance the drilling at the CV5 pegmatite corridor with two (2) drill rigs currently
operating. Recent drill holes have targeted the westerly (CV22-074) and easterly (CV22-079) strike extensions of the
mineralized body(s) with each intersecting spodumene pegmatite and , collectively, extend the strike length an
additional 100 m for a total spodumene pegmatite strike length of approximately 2,100 m (Figure 6).
Mineralization remains open along strike at both ends, and to depth.
In addition, the Company has intersected the largest spodumene crystal to date in drill core at 1.8 m (Figure s 7
and 8). The crystal was encountered at a depth of 225 m (core length) in drill hole CV22 -066 within a wide interval
(113.4 m) of mineralized pegmatite . All core samples from CV22 -066 are currently enroute to SGS Canada’s
analytical laboratory in Lakefield, ON, for geochemical analysis. Drill hole CV22-066 is located at the eastern end of
the CV5 pegmatite corridor.
A total of three (3) drill rigs are cur rently operating at the Corvette Property – two (2) targeting the CV5 pegmatite
corridor and one (1) targeting the CV13 pegmatite cluster. As of September 15th, 2022, a total of approximately 19,199
m over sixty-five (65) holes have now been completed over the 2022 drill campaign – 4,345 m over 20 holes in the
winter program, and 14,854 m over forty-five (45) holes in the summer program.
Drilling is anticipated to continue through to mid- October, at which time the 2022 drill program will concl ude with
final core processing on site and shipment to the lab for analysis. The Company is currently planning an aggressive
2023 drill campaign at Corvette and will announce details in the coming weeks.
Figure 1: Drill hole map at the CV13 pegmatite cluster
Figure 2: Drill hole CV22-077 targeting large outcrop at CV13 pegmatite cluster
Figure 3: Coarse-grained spodumene crystals in drill hole CV22-077 at the CV13 pegmatite cluster
Figure 4: Coarse-grained spodumene crystals in drill hole CV22-077 at the CV13 pegmatite cluster
Figure 5: Spodumene pegmatite core at the drill from first hole to target the CV13 pegmatite cluster (CV22-077)
Figure 6: Drill hole collar locations at the CV5 corridor for holes completed through September 15th, 2022, as part of
the 2021-2022 drill campaigns – CF21-001 through 004, and CV22-015 through 076, 078, 079, and 080.
Figure 7: A 1.8 m long spodumene crystal at a depth of 225 m in drill hole CV22-066