Patriot Drills 1.17% Li2O over 33.8 m and 0.85% Li2O over 56.6 m, Extending Mineralization along Trend and Down-dip in First Reported Core Assays from 2022 Drilling at the Corvette Property, 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 Drills 1.17% Li2O over 33.8 m and 0.85% Li2O over 56.6 m,
Extending Mineralization along Trend and Down-dip in First
Reported Core Assays from 2022 Drilling at the Corvette Property,
Quebec
Vancouver, BC, Canada
Highlights
• Strong lithium and tantalum mineralization confirmed in first series of core sample assays received
for drill holes CV22-015, 016, 018, and 019, including
o 1.17% Li2O and 111 ppm Ta2O5 over 33.8 m within a wider zone of 0.80% Li2O and 118 ppm
Ta2O5 over 95.8 m (CV22-019)
o 0.91% Li2O and 127 ppm Ta2O5 over 29.0 m within a wider zone of 0.85% Li2O and 122 ppm
Ta2O5 over 56. 6 m; and a separate zone of 1.53% Li 2O and 137 ppm Ta 2O5 over 13.1 m
(CV22-016)
o 1.01% Li2O and 100 ppm Ta2O5 over 25.8 m (CV22-018)
o 1.22% Li2O and 113 ppm Ta2O5 over 6.8 m (CV22-015)
• Core assays confirm the lithium-tantalum mineralization extends approximately 250 m along trend to
the northeast from drill hole CF21-002, and continues down-dip
o Lithium mineralization has been traced through drilling over a strike length of approximately
900 metres within the 2.0 + km long core area of the pegmatite trend, to a vertical depth of
approximately 155 m
o Mineralization remains open along trend and down-dip
• Core assays for additional sixteen (16) drill holes from the winter program remain to be reported
May 17 2022 – Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: PMETF )
(FSE: R9GA) is pleased to announce the first series of analytical results for dr illing completed this winter/spring at
the Company’s wholly owned Corvette Property (the “Property”). The Property is located proximal to the regional
and all-weather Trans-Taiga Road and powerline infrastructure, within the James Bay Region of Quebec.
Assays are announced herein for drill holes CV22-015, 016, 018, and 019, which were designed to test the northeastern
and down-dip extension of the lithium-tantalum mineralized zone at the CV5 Pegmatite. All four holes were collared
over lake ice at an orientation of 158°/45°, with end -of-hole depths ranging from 149.9 m to 252.1 m , and each
returning strong grades of lithium and tantalum. A summary of lithium (and tantalum) intercepts for the four (4) drill
holes (CV22-15, 016, 018, and 019) are presented in Table 1 and Figure 2, and core photos of mineralized intercepts
in Figures 3, 4, and 5. Drill hole locations for holes completed as part of the winter program are in Figure 1.
President, CEO, and Director Blair Way comments, “ We are very excited to announce assays for the first series of
holes of our twenty-hole winter/spring drill program and look forward to announcing further assay results as they are
received from the lab in the coming weeks. These independent assays, confirming lithium and tantalum mineralization
within the CV5-1 Corridor, validate the Company’s decision to add a third rig to our summer drill program , which
was made after geologists in the field identified spodumene crystals in the pegmatite intercepts as part of initial core
logging. After drilling only 5,100 met res, Patriot has established lithium and tantalum mineralization across an
approximate 900 m strike length, which remains open at both ends and down- dip. The Patriot team is excited to
commence the 15,000 metre summer/fall drill program in June and further delineate this discovery . Additionally,
Patriot has identified multiple other spodumene pegmatites across the Property and we look forward to exploring
these further, as well as the remainder of the more than 50 km long CV Lithium Trend the Company controls, as part
of our summer 2022 program.”
Table 1: Mineralized drill intercept summary for holes completed in 2022 at the CV 5-1 Pegmatite corridor
Drill hole CV22-015 was the first drill hole completed in 2022 and collared as a step-out, approximately 140 m along
trend, of drill hole CF21-002 completed in 2021 at the CV5 Pegmatite. The hole (CV22-015) encountered pegmatite
at a shallow depth of 27.1 m to 75.1 m, with mineralization interfingering throughout the interval, including
1.22% Li2O over 6.8 m, 1.14% Li2O over 4.9 m, and 0.99% Li2O over 4.5 m. The intercepts were also accompanied
by consistently strong tantalum grades of 113 ppm, 96 ppm, and 105 ppm Ta2O5, respectively.
Drill hole CV22-018 was collared 100 m along trend of CV22-015 and returned a mineralized pegmatite intercept of
1.01% Li2O and 100 ppm Ta2O over 25.8 m starting at 55.0 m depth. The intersections in drill holes CV22-015 and
018 confirms that lithium-tantalum mineralization continues within the CV5 P egmatite body to the northeast under
the shallow lake.
Drill holes CV22-016 and 019 were completed as step-backs to CV22-015 and 018, respectively, and were designed
to test the mineralized zone at depth. Both holes returned strong lithium grades over broad intervals including
0.91% Li2O over 29.0 m within a wider zone of 0.8 5% Li2O over 56. 6 m (CV22-016), and 1.17% Li2O over
33.8 m within a wider zone of 0.80% Li 2O over 95.8 m ( CV22-019). The intercepts confirm that mineraliz ation
continues down dip to at least 155 m vertical depth and, further, indicates that the mineralized zone is widening at
depth, as is the pegmatite width, at this location along the trend. Strong tantalum mineralization is also present in both
CV22-016 and 019, with each having multiple samples over 5 00 ppm Ta 2O5, to a peak of 735 ppm and 758 ppm
Ta2O5, respectively.
Target Land/Ice Hole ID From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Ta2O5
(ppm)
Total
Depth
(m)
Azimuth
(°)
Dip
(°)
CV22-015 27.1 37.0 9.9 0.76 83
incl. 27.1 32.0 4.9 1.14 96
51.5 58.3 6.8 1.22 113
70.6 75.1 4.5 0.99 105
CV22-016 91.0 147.6 56.6 0.85 122
incl. 91.0 120.0 29.0 0.91 127
incl. 134.5 147.6 13.1 1.53 137
195.5 210.0 14.5 0.92 118
Ice CV22-017 344.7 158 -45
Ice CV22-018 55.0 80.8 25.8 1.01 100 149.9 158 -45
CV22-019 110.2 206.0 95.8 0.80 118
incl. 110.2 144.0 33.8 1.17 111
incl. 192.0 204.0 12.0 1.23 103
(1) All drill holes are NQ core size.
(2) All intervals are core length. True width of intervals is not confirmed. Geological modelling is ongoing.
Ice
230.9 158 -45
Core assays pending
CV5-1
Corridor
Ice
176.9 158 -45
Ice
252.1 158 -45
As outlined in news release dated April 21 st, 202 2, geological 3D modeling of the drill holes completed to date
indicates that pegmatite continues across the lake from CV5 towards CV1 – a strike length of at least 1,400 m –
and that the pegmatite body is widening at depth. The pegmatite body remains open to the southwest, the northeast,
and at depth, with a significant portion of the overall corridor of focus – containing the CV6, CV5, CV11, CV2, CV1,
CV4, and CV7 pegmatite outcrops – remaining to be drill tested (Figure 1). To date, the main pegmatite body has
been traced to a vertical depth of a least 180 m (CV22- 030) and additional pegmatite encountered down to a vertical
depth of approximately 265 m – ending in spodumene pegmatite , to be further tested in the drill program scheduled
to commence in June 2022 (CV22-034).
As reported herein, lithium mineralization has been traced by drilling over at least a 900 m strike length and down dip
to at least 155 m vertical depth. To date, drill core sample analytical results have been reported for four (4) drill holes
(CV22-015, 016, 018, and 019) with res ults pending for an additional sixteen ( 16) drill holes completed over the
winter/spring program (4,345 m over 20 drill holes). The Company is using SGS Canada (Lakefield, ON, and Burnaby,
BC, facilities) as their primary analytical lab with all samples from the program having arrived at the lab.
The Company is poised to continue its fully funded 2022 drill campaign June 1st, with an additional 15,000 m of NQ
coring planned over the summer/fall period. This drilling will focus on continued land-based infill and step-out holes
around CV5- 6 and CV1- 2, as well as testing new regional targets (see news release dated March 8 th, 2022). The
Company has secured a third drill rig for June/July, as well as a barge to allow for continued delineation of the
mineralized pegmatite beneath the shallow lake between the CV5 and CV1 pegmatites. The addition of the third rig
will also enable increased coring production and drill exploration of spodumene pegmatite elsewhere at the Property.
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.
Quality Assurance / Quality Control (QAQC)
A Quality Assurance / Quality Control protocol fol lowing 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 approximately 5%. Additionally, analysis of pulp-split and course-
split sample duplicates were completed to assess analytical precision at different stages of the l aboratory preparation
process, and external (secondary) laboratory pulp- split duplicates were prepared at the prim ary lab for subsequent
check analysis and validation.
All core 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).
Figure 1: 2022 drill hole collar locations
Figure 2: Core sample assay highlights for drill holes CV22-015, 016, 018, and 019
Figure 3: Mineralized drill core from hole CV22-019
Figure 4: Mineralized drill core from hole CV22-016
Figure 5: Mineralized drill core from hole CV22-018