Patriot Drills 22.6 m at 1.56% Li2O, including 6.0 m at 3.19% Li2O in First Holes to Test the CV13 Pegmatite Cluster at the 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 Drills 22.6 m at 1.56% Li2O, including 6.0 m at 3.19% Li2O
in First Holes to Test the CV13 Pegmatite Cluster at the Corvette
Property, Quebec
February 13, 2023 – Vancouver, BC, Canada February 14, 2023 – Sydney, Australia
Highlights
• Significant intervals of spodumene pegmatite intersected near -surface in ten (10) of fourteen (14) drill holes to
test the newly discovered CV13 Pegmatite Cluster.
o 22.6 m at 1.56% Li2O (29.3 m to 51.9 m), including 6.0 m at 3.19% Li2O (CV22-092).
o 22.4 m at 1.28% Li2O (3.1 m to 25.5 m) (CV22-077) – collared in lithium pegmatite.
o 15.6 m at 1.50% Li2O (2.8 m to 18.3 m) (CV22-081) – collared in lithium pegmatite.
o 18.8 m at 1.01% Li2O (23.8 m to 42.6 m), including 4.0 m at 2.37% Li2O (CV22-103).
o 17.3 m at 1.41% Li2O (20.6 m to 37.9 m), including 8.0 m at 2.09% Li2O (CV22-104).
• Second spodumene pegmatite intersected at depth, returning 8.1 m at 0.98% Li 2O (167.4 m to 175.4 m)
(CV22-085)
• Three (3) of four (4) areas initially tested along the combined 2.3 km trend returned strong lithium mineralization,
including all six (6) drill holes targeting the area of the main spodumene outcrop at the apex of a regional flexure.
o Majority of the trend remains to be drill tested.
• Drill results supported by surface channel sampling of mineralized outcrops , with results including:
o 14.2 m at 1.17% Li2O (CH22-025/026)
o 13.1 m at 1.57% Li2O (CH22-017)
• Company evaluating infill and step out drilling during the current winter program to support an initial mineral
resource estimate at CV13 scheduled for 2023.
Darren L. Smith, the Company’s Vice President of Exploration, comments: “The results from the first pass drill testing
at CV13 are very positive with ten (10) of our first fourteen (14) drill holes along this collective 2.3 km trend returning
strong lithium mineralization. The CV13 Pegmatite cluster is a grassroots discovery from summer 2022 and to
advance over several months to an intersection of 22.6 m at 1.56% Li2O in our first series of drill holes is an impressive
feat and highlights again the magnitude of the mineralized system(s) and continued potential for new discover ies at
the Corvette Property.”
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX -V: PMET) (ASX: PMT) (OTCQ X: PMETF)
(FSE: R9GA) is pleased to announce assay results from its 2022 drill and surface exploration programs over the CV13
Pegmatite cluster at its wholly owned Corvette Property (the “Property”), located in the James Bay Region of Quebec.
The CV13 Pegma tite cluster , which is comprised of two contiguous lithium outcrop trends totall ing 2.3 km in
combined strike length, is located approximately 4.3 km along geological trend to the southwest of the CV5 Pegmatite
(Figure 1).
A total of fourteen (14) drill holes (NQ core size – 47.6 mm inside diameter) , totalling 2647 m, were completed at
CV13 in 2022 – the first drill program ever completed at the target . A total of six (6) holes were completed at the
confluence of the two trends (CV22- 077, 081, 082, 084, 085, and 088), two (2) holes along the western limb of the
trend (CV22-103 and 104), and six (6) holes along the eastern limb of the trend (CV22- 091, 092, 095, 096, 099, and
101) (Figure 2). Of these fourteen (1 4) drill holes, ten (10) returned well-mineralized intervals of lithium pegmatite
over three distinct areas of the collective trend (Figure 2). Drill core assays highlights include 22.6 m at 1.56% Li2O
(29.3 m to 51.9 m), including 6.0 m at 3.19% Li2O (CV22-092 – east limb), 22.4 m at 1.28% Li2O (3.1 m to 25.5 m)
(CV22-077 – confluence of trends ), which collared in lithium pegmatite , and 17.3 m at 1.41% Li 2O (20.6 m to
37.9 m), including 8.0 m at 2.09% Li2O (CV22-104 – west limb).
The potential of the CV13 Cluster is further supported by outcrop grab sampling (see news release dated August 10th,
2022) as well as outcrop channel sampling completed in the fall of 2022, with results including 14.2 m at 1.17% Li2O
(CH22-025/026), 13.1 m at 1.57% Li2O (CH22-017), and 10.5 m at 1.53% Li2O (CH22-018/19) (Figure 2). Channel
CH22-025/026 is located approximately 600 m along trend to the northwest of drill holes CV22-103 and 104 (18.8 m
at 1.01% Li2O, and 17.3 m at 1.41% Li2O, respectively), and remains to be drill tested.
Based on the surface mapping and drilling completed to date, t he CV13 Pegmatite cluster is characterized by two ,
shallow to moderately dipping, sub-parallel trending Li-Cs-Ta (“LCT”) pegmatite bodies, which have been intersected
in multiple drill holes along the overall 2.3 km trend. The primary LCT pegmatite body (the ‘upper’ pegmatite)
outcrops at surface and is interpreted to have been intersected near -surface in each of the fourteen (14) drill holes
completed to date, testing four (4) distinct areas along the overall trend with results including 22.6 m at 1.56% Li2O
(29.3 m to 51.9 m) (CV22-092 – east limb) and 22.4 m at 1.28% Li2O (3.1 m to 25.5 m) (CV22-077 – confluence of
trends). This ‘upper’ pegmatite ranges generally from 6 m to 36 m in width (core length) and appears to have
significant strike extent based on intersections in drill hole and pegmatite outcrop exposed discontinuously along the
trend. A second LCT pegmatite (the ‘lower’ pegmatite) is also present at depth, being intersected in several drill holes
which tested such depths, and is variably mineralized ranging from relatively low-grades over several metres to 8.1 m
at 0.98% Li 2O (167.4 m to 175.4 m) in drill hole CV22 -085. Additional drilling is required to ascertain the
relationship between the two bodies and if they may coalesce at some point into a larger body.
Based on geological logging and chemistry, the primary lithium mineral at CV13 is spodumene (Figure 6). The
spodumene crystals are more variable in size compared to those typically observed at the CV5 Pegmatite located
approximately 4.3 km along geological trend to the northeast. However, crystal sizes of the spodumene at CV13 still
commonly range from approximately centimetre to decimetre in scale.
Drill holes CV22-096, 099, and 101, which targeted the northeast end of the eastern limb at CV13, intersected wide
intervals of LCT pegmatite (14.9 m, 36.0 m, and 33.1 m, respectively), although, only returned anomalous lithium
mineralization over these intervals. The highest lithium grades from each hole were 1.08%, 0.82%, and 0.58% Li 2O
in individual samples , respectively; however, each of the holes also returned significantly elevated levels of Cs
(>1000 ppm), Rb (>1%), and Ta2O5 (>100 ppm, including a 5,784 ppm sample in drill hole CV22-096). Additionally,
several lithium pegmatite outcrops in the immediate area returned an average 1.78% Li2O over seven (7) grab samples,
confirming strong lithium mineralization proximal to these drill holes. As lithium pegmatites are commonly zoned,
the drill core sample chemistry, coupled with the strong lithium mineralization in nearby outcrop, suggests a strong
potential that higher grade lithium pegmatite may be proximal to that intersected in CV22-096, 099, and 101. Further,
the Company is encouraged by the two (2) +30 m intersections of anomalous LCT pegmatite in two (2) of the three
(3) drill holes (CV22 -099 and 101) , which are situated directly on geological trend and within 4.4 km of drill hole
CV22-074 (16.9 m at 2.00% Li2O) at the CV5 Pegmatite.
The CV13 lithium pegmatite cluster is characterized by two (2) contiguous trends, totalling approximately 2.3 km in
combined strike length (Figure 2). To date, the cluster is characterized by a total of thirty -one (31) spodumene-
bearing (field identified as spodumene ) outcrops, including twenty (22) outcrops with >5% visually estimated
modal spodumene content. The two largest outcrops are approximately 7 0 m long by 1 2 m wide and 100 m long by
15 m wide, situated approximately 300 m apart.
The CV13 Cluster is interpreted to be part of a much larger LCT pegmatite system at the Property , potentially
extending from the most easterly identified CV4 Cluster , and continuing westerly through the CV5 and CV8-12
clusters, a distance of approximately 15 km (Figure 1). The scale of LCT pegmatite present along this trend suggests
a deeply rooted and common ‘plumbing’ system and source of the lithium mineraliz ed bodies discovered to date. A
significant portion of this trend remains to be drill tested and lithium mineralization confirmed , with the CV5
Pegmatite being the largest continuous mineralized body delineated to date at 2.6 km. It is situated approximately 4.3
km along geological trend to the northeast of the CV13 Cluster , along a corridor that remains to be drill tested. The
CV8-12 Cluster is situated approximately 1.9 km to the northwest of the CV13 Cluster , also along a corridor that
remains to be drill tested.
A majority of the CV13 Pegmatite trend remains to be drill tested. The strongest drill results from the inaugural 2022
drill program are focused proximal to the confluence of the regional flexure within the overall trend (Figure 2) – an
area of potential dilation and therefore favourable setting for lithium pegmatite emplacement. This area of the trend is
anticipated to be the focus of step- out drill holes, initially targeting the strike length between drill holes CV22 -088
and 091, followed by continued step-out drilling along both limbs towards drill holes CV22-103 & 104 (western limb)
and CV22-096 (eastern limb). This drilling will assess the continuity of the upper and lower pegmatite bodies along
trend and to depth, and will set the foundation for an initial mineral resource estimate at CV13 targeted for later in
2023.
For the drill holes reported herein, core assays for pegmatite intervals greater than two (2) m are presented in Table 1
and drill hole locations in Figures 1 and 2. Drill hole coordinates and other attributes are also available in Table 1 and
on the Company’s website, which has a downloadable excel spreadsheet listing assay results from prior drill holes.
All core assays from the 2022 drill campaign have now been reported (CV5 and CV13).
Table 1: Mineralized drill intercept summary for drill holes completed at the CV13 Cluster in 2022
Hole ID From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Ta2O5
(ppm)
Total
Depth
(m)
Azimuth
(°)
Dip
(°) Easting Northing Elevation
(m)
CV22-077 3.1 25.5 22.4(4) 1.28 124 209.0 200 -45 564975 5927821 391
149.5 153.3 3.8 0.01 33
CV22-081 2.8 18.3 15.6(4) 1.50 113 50.0 200 -80 564974 5927822 391
CV22-082 26.5 35.7 9.2 0.94 123 186.7 200 -45 565010 5927857 399
173.3 176.3 2.9 0.03 126
177.9 180.2 2.3 0.01 42
CV22-084 26.9 34.3 7.4 1.71 115 247.8 200 -80 565010 5927858 399
134.8 143.2 8.4 0.27 35
CV22-085 27.7 31.9 4.2 0.23 89 201.1 200 -45 565050 5927858 399
167.4 175.4 8.1 0.98 60
CV22-088 28.7 34.6 5.9 0.15 188 185.0 140 -45 565053 5927858 399
165.5 168.3 2.8 0.06 35
CV22-091 41.2 50.9 9.7 1.25 106 200.0 135 -45 565249 5928035 430
CV22-092 29.3 51.9 22.6 1.56 240 260.0 145 -45 565267 5928079 435
Incl. 44.6 50.6 6.0 3.19 270
CV22-095 25.0 28.7 3.7 1.70 107 58.9 145 -65 565267 5928080 435
33.1 40.1 7.0 1.98 80
CV22-096 14.3 29.2 14.9 0.10 377 218.0 140 -45 565732 5928452 386
203.8 211.8 8.0 0.24 135
CV22-099 5.5 41.5 36.0 0.11 107 248.1 140 -45 565795 5928473 383
228.7 232.3 3.6 0.03 93
CV22-101 4.5 6.5 2.0 0.03 185 245.1 140 -65 565795 5928473 383
8.2 41.3 33.1 0.08 97
200.1 204.8 4.7 0.05 184
212.8 216.8 4.0 0.03 122
CV22-103 23.8 42.6 18.8 1.01 133 269.0 200 -45 564406 5927962 404
Incl. 30.5 34.5 4.0 2.37 123
CV22-104 20.6 37.9 17.3 1.41 90 68.0 200 -65 564406 5927963 404
Incl. 22.5 30.5 8.0 2.09 134
(1) All drill holes are NQ core size; (2) All intervals are core length and presented for all pegmatite intervals >2 m. True width of intervals is not
confirmed. Geological modelling is ongoing; (3) Azimuths and dips presented are those 'planned' and may vary off collar and downhole; (4)
Collared in pegmatite
Figure 1. Location of the CV13 Cluster
Figure 2. Surface and drill hole exploration summary for work completed in 2022 at the CV13 Cluster
Figure 3: Spodumene drill-core intersection in drill hole CV22-092 (22.6 m at 1.56% Li2O, including 6.0 m at
3.19% Li2O)
Figure 4: Spodumene drill-core intersection in drill hole CV22-077 (22.4 m at 1.28% Li2O), which collared in
spodumene pegmatite.