Patriot Discovers New Lithium Pegmatite Cluster On-Trend with the CV5 Pegmatite and Samples 3.73% Li2O, 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 Discovers New Lithium Pegmatite Cluster On-Trend with
the CV5 Pegmatite and Samples 3.73% Li2O, Corvette Property,
Quebec
August 10, 2022 – Vancouver, BC, Canada
Highlights
• Significant discovery of spodumene pegmatite outcrop cluster (CV13) located approximately 4. 3 km
along trend to the southwest of the CV5-1 pegmatite corridor and current drill area
o A total of thirty -one (31) spodumene-bearing pegmatite outcrops identified, including twenty
(20) outcrops with estimated >5% modal spodumene content
o Pegmatite outcrops extend over two (2) contiguous trends, totalling approximately 2. 3 km in
combined strike length and are situated on geological trend between the CV5 -1 pegmatite
corridor and the CV8-12 pegmatite cluster
o Pegmatite outcrops are situated within the apex of a regional structural flexure, indicating a
highly favourable geological setting for lithium pegmatite emplacement
o Average lithium grade of 0.98% Li2O over thirty-two (32) pegmatite grab/chip samples analyzed
to date, to maximum of 3.73% Li2O
Tantalum values ranging from <10 ppm to 948 ppm Ta2O5 (3.11% Li2O), and averaging
113 ppm Ta2O5
o A total of 121.1 m of channel samples collected for more detailed assessment of lithium-tantalum
mineralization over ten (10) outcrops
• Additional spodumene pegmatite outcrops discovered along strike at the CV8 and CV9 pegmatite
clusters
o CV9 Pegmatite trend has been extended and now includes at least sixteen (16) spodumene-bearing
outcrops over a strike length of approximately 400 m, which has not been drill tested
o CV8 Pegmatite trend has been extended and now includes at least five (5) spodumene -bearing
outcrops over a strike length of approximately 240 m, which has not been drill tested
• Approximately 20 km of prospective CV Lithium Trend/Corridor remains to be prospected for lithium
pegmatite, including the majority of the Felix, Deca-Goose, and Corvette East claim blocks.
• Through August 4th, 2022, prospecting and geological mapping ha s identified at least seventy-one (71)
individual spodumene pegmatite outcrops (defined as >5% visually estimated modal spodumene content)
forming up to six (6) distinct clusters across the Property – CV5-1 Pegmatite Corridor (focus of current
drilling), CV4, CV8-12, CV9, CV10, and the newly discovered CV13
• Due to the CV13 Pegmatite discovery, the s urface program has been extended until mid-October / first
snowfall and will continue with mapping, channel sampling, and prospecting across the Property
Patriot Battery Metals Inc. (the “Company” or “Patriot”) ( TSX-V: PMET) (OTCQB: PMETF) (FSE: R9GA)
is pleased to provide an update on the 2022 surface exploration program at the Corvette Property (the ‘Property’)
highlighted by the discovery of a new and significant lithium pegmatite cluster (CV13) situated less than 4.5 km from,
and on geological trend with, the CV5-1 pegmatite corridor where drilling is currently focused. The new discovery is
located central to the Property and approximately 15 km south of the Trans -Taiga all-weather road and powerline
infrastructure corridor.
Darren L. Smith , the Company’s Vice President of Exploration, comments: “The Corvette Property continues to
impress with an abundance of lithium pegmatite and potential for further discover y as evidenced by the CV13
pegmatites. The CV13 pegmatites are situated directly on trend between the CV5-1 pegmatite corridor being actively
drilled and the CV8 pegmatite , which remains to be drill tested . We are very excited to explore this area in further
detail given the extent of the mineralization discovered to date, and its proximity to a regional structural flexure
creating a very attractive geological setting for lithium pegmatite emplacement. The discovery of CV13 Pegmatite
cluster is an excellent example of grassroots exploration and geological targeting bearing fruit through the work ethic
of a dedicated and focused exploration team.”
The CV13 lithium pegmatite cluster is defined by two (2) contiguous trends, totalling approximately 2. 3 km in
combined strike length (Figure 1). To date, the cluster is characterized by a total of thirty -one (31) spodumene-
bearing (field identified as spodumene ) outcrops, including twenty ( 20) outcrops with >5% visually estimated
modal spodumene content. The two largest outcrops (Figure 2 and 3) are approximately 70 m long by 12 m wide and
100 m long by 15 m wide, situated approximately 300 m apart.
Assay results have been returned for the first series of grab/chip sampling and include a total of thirty -two (32)
pegmatite samples collected along the trend grading an average of 0.98% Li2O to maximum of 3.73% Li2O (Table
1). Grades of tantalum average 113 ppm Ta2O5 with a maximum of 948 ppm Ta2O5. Assays from additional grab/chip
samples remain pending , as well as assays for a total of 121.1 m of channel sampling completed to provide a more
robust estimate of grade potential and zonation across the outcrops.
Table 1: Assays for the ten (10) most mineralized grab samples from the CV13 pegmatites as reported herein
The location of this new lithium pegmatite discovery is very significant and is situated within the central portions
of the prospective CV Lithium Trend, which extends across the Property . Specifically, the CV13 pegmatites are
situated only ~4.3 km along trend of the CV5-1 lithium pegmatite corridor and ~1.9 km along trend of the CV8
pegmatites. The areas between have very poor outcrop exposure due to glacial till cover and therefore it is possible
that additional lithium pegmatite may be present under the shallow cover. Additionally, the CV13 pegmatites are
situated within the apex of a regional geological flexure as is evidenced in the regional mapping and magnetic
surveys. This local geological setting is a prime area of interest along the CV Lithium Trend as it hosts a highly
Rock Type Source Sample Type Li2O (%) Ta2O5 (ppm)
Pegmatite Outcrop Grab 3.73 123
Pegmatite Outcrop Grab/Chip 3.53 9
Pegmatite Outcrop Grab 3.11 948
Pegmatite Outcrop Grab 2.50 80
Pegmatite Outcrop Grab 2.44 44
Pegmatite Outcrop Grab 2.39 65
Pegmatite Outcrop Grab 2.20 528
Pegmatite Outcrop Grab 1.90 45
Pegmatite Outcrop Grab 1.59 6
P
egmatite Outcrop Grab 1.29 203
favourable environment for lithium pegmatite emplacement (along strike and to depth), with a strong potential for
dilational zones which may increase widths of mineralization.
In addition to the discovery of the CV13 lithium pegmatite cluster, the Company is also pleased to report that surface
geological mapping of the CV8 and CV9 lithium pegmatites has resulted in the discovery of additional lithium
pegmatite proximal to the previously discovered outcrops . The CV9 lithium pegmatite trend has been extended and
now includes at least sixteen (16) spodumene-bearing outcrops over a strike length of approximately 400 m. The CV8
lithium pegmatite trend has also been extended and now includes at least five (5) spodumene-bearing outcrops over a
strike length of approximately 240 m. Neither the CV8 nor CV9 lithium pegmatites have been drill tested, with assays
for grab and channels samples from the 2022 surface program pending. Geological mapping and channel sampling of
the other known CV lithium prospects is ongoing.
Through August 4 th, 2022, prospecting and geological mapping has identified at least seventy -one (71)
individual spodumene pegmatite outcrops (defined as >5% estimated modal spodumene content) forming up
to six (6) distinct clusters across the Property – CV5-1 Pegmatite Corridor (focus of current drilling), CV4, CV8-12,
CV9, CV10, and the newly discovered CV13. Given the proximity of some pegmatite outcrops to each other, as well
as the shallow till cover in the area, it is probable that some of the outcrops may reflect a discontinuous surface
exposure of a single , larger pegmatite ‘outcrop’ subsurface. Approximately 20 km of prospective CV Lithium
Trend/Corridor across the Property remains to be prospected for lithium pegmatite, including the majority of the Felix,
Deca-Goose, and Corvette East claim blocks.
The 2022 surface exploration program is being completed concurrently with the 2022 summer/fall drilling phase,
which began in early June. Currently, there are three diamond drill rigs operating along the CV5-1 pegmatite corridor.
Due to the CV13 Pegmatite discovery, the surface program has been extended until mid -October / first snowfall, and
will continue with mapping, channel sampling, and prospecting across the Property . Additionally, the Company is
actively permitting drill holes for initial drill testing along the CV13 pegmatite trend.
Figure 1: Location of the CV13 lithium pegmatite cluster, along trend of the CV5-1 lithium pegmatite corridor and
the CV8-12 lithium pegmatite cluster
Figure 2: Two of the larger lithium pegmatite outcrops in the CV13 cluster, located at the apex of a regional
structural flexure
Figure 3: Large (~100 x 15 m) lithium pegmatite outcrop within the CV13 cluster. Six grab samples collected
averaging 1.96% Li2O to a peak of 3.11% Li2O
Figure 4: Saw cut grab sample of spodumene pegmatite from northeastern portion of CV13 trend. Assay pending.
Quality Assurance / Quality Control (QAQC)
All rock samples collected were shipped to SGS Canada’s laboratory in Lakefield, ON, for standard sample
preparation (code PRP89) which includes drying at 105°C, crush to 75% passing 2 mm, riffle split 250 g, and pulverize
85% passing 75 microns. The pulps were shipped by air to SGS Canada’s laboratory in Burnaby, BC, where the
samples were homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide
fusion with ICP-AES/MS finish (code GE_ICM91A50). The Company has relied on the internal lab QAQC for the
surface sample analysis.
Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective
by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized
horizon sampled.
About the CV Lithium Trend
The CV Lithium Trend is an emerging spodumene pegmatite district discovered by the Company in 2017 and spans
more than 25-km across the Corvette Property . The core area includes an approximate 2 km long corridor hosting
numerous spodumene pegmatites, highlighted by the large CV1 and CV5 pegmatite outcrops, and has returned drill
intercepts of 1.22% Li2O and 138 ppm Ta2O5 over 152.8 m (CV22-030), 1.45% Li2O and 177 ppm Ta2O5 over 84.0 m
(CV22-028), and 2.22% Li2O and 147 ppm Ta2O5 over 70.1 m, including 3.01% Li2O and 160 ppm Ta2O5 over 40.7 m
(CV22-017). Drilling to date indicates a principal spodumene-bearing pegmatite body of significant size and has been
traced by drilling over a distance of at least 1.9 km, and therefore, is 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 100% owned Corvette Property, located proximal to the Trans -Taiga Road and
powerline infrastructural corridor in the James Bay Region of Québec. The land package hosts significant lithium
potential highlighted by the CV5-1 spodumene pegmatite corridor with drill intercepts of 1.22 % Li2O and 138 ppm
Ta2O5 over 152.8 m (CV22-030), and 2.22% Li 2O and 147 ppm Ta 2O5 over 70.1 m, including 3.01% Li2O and 160
ppm Ta2O5 over 40.7 m (CV22-017). 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 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.