Patriot Drills 31.2 m at 3.35% Li 2O at CV13 including 4.7 m at 5.37% Li2O, Significantly Expanding the High-Grade Vega Zone
Patriot Battery Metals Inc.
Suite 700 - 838 W. Hastings Street, Vancouver, BC, Canada, V6C 0A6
www.patriotbatterymetals.com TSX: PMET / ASX: PMT / OTC: PMETF / FSE: R9GA
Patriot Drills 31.2 m at 3.35% Li 2O at CV13 including 4.7 m at
5.37% Li2O, Significantly Expanding the High-Grade Vega Zone
December 11, 2024 – Vancouver, BC, Canada December 12, 2024 – Sydney, Australia
Highlights
• Recent drilling significantly expands the high-grade Vega Zone at CV13:
o 31.2 m at 3.35% Li2O, including 4.7 m at 5.37% Li2O (CV24-747).
o 31.8 m at 2.07% Li2O, including 11.7 m at 3.47% Li2O (CV24-773).
▪ Includes a 0.9 m sample at 7.11% Li 2O, the highest-grade core sample
collected from the Property to date.
o 35.7 m at 1.65% Li2O, including 28.3 m at 2.05% Li2O (CV24-582).
o 33.0 m at 2.02% Li2O, including 4.6 m at 4.19% Li2O (CV24-754).
o 29.2 m at 2.05% Li2O, including 14.3 m at 3.09% Li2O (CV24-761).
• Vega Zone remains open in multiple directions.
• The Vega Zone is coincident with a n interpreted structural corridor extending
for approximately 3.3 km along strike to the CV12 Spodumene Pegmatite – a
highly prospective corridor that remains to be drill tested.
o This association significantly enhances the prospectivity between CV13 and CV12.
• Mineralization continues to be characterized by very large spodumene crystals.
• Results for all drill holes completed at the CV13 Spodumene Pegmatite during the 2024
winter program are reported in this announcement – 33 holes totaling 9,950 m – with all
holes completed outside the 2024 Mineral Resource Estimate or at its margin.
Darren L. Smith, Patriot Executive and Vice President of Exploration, comments: “The summer-fall
drilling at CV13 achieved its key objectives of significantly expanding the high-grade Vega Zone as well as
identifying some potential primary controls on its emplacement. The interpreted coincident structure
suggests it may be a primary control on mineralization and extends for approximately 3.3 km towards the
CV12 Spodumene Pegmatite. This discovery has increased the prospectivity of this corridor considerably
and will be a key area of focus in follow-up drilling in 2025.
“The mineralization at the Vega Zone continues to show many similarities to that of the high-grade Nova
Zone at CV5. The intensity of the spodumene mineralization – with samples commonly exceeding 2% Li2O
and including two core samples now over 7% Li2O – is nothing less than remarkable and clearly reinforces
the world-class nature of the lithium pegmatites at Shaakichiuwaanaan,” Mr. Smith added.
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT)
(OTCQX: PMETF) (FSE: R9GA ) is pleased to announce core assay results for all holes
completed at the CV13 Spodumene Pegmatite, which forms part of the Company’s wholly owned
Shaakichiuwaanaan Property (the “Property” or “Project”), located in the Eeyou Istchee James Bay
region of Quebec, during the 2024 summer-fall drill program.
The Property hosts a consolidated (CV5 & CV13) Mineral Resource Estimate1 (“MRE”) of 80.1 Mt
at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred, with the CV13 Pegmatite accounting
for approximately 15% of the contained overall lithium content. The CV13 Spodumene Pegmatite
is located within 3 km of the CV5 Spodumene Pegmatite, which is accessible year -round by all -
season road and is situated approximately 14 km from a major hydroelectric powerline corridor.
The summer-fall drill program at the CV13 Spodumene Pegmatite targeted the high -grade Vega
Zone, located along its eastern flank. The objectives were to expand this high-grade zone as well
as to identify some primary controls on its emplacement. A total of 33 NQ size drill holes
(9,950 m) were completed. Highlights are listed below and expanded upon in Figure 1:
• 31.2 m at 3.35% Li2O, including 4.7 m at 5.37% Li2O (CV24-747).
• 31.8 m at 2.07% Li2O, including 11.7 m at 3.47% Li2O (CV24-773).
• 35.7 m at 1.65% Li2O, including 28.3 m at 2.05% Li2O (CV24-582).
• 33.0 m at 2.02% Li2O, including 4.6 m at 4.19% Li2O (CV24-754).
• 29.2 m at 2.05% Li2O, including 14.3 m at 3.09% Li2O (CV24-761).
The program also returned the highest-grade individual core sample collected to date from the
entire Shaakichiuwaanaan Property – 0.9 m at 7.11% Li2O in drill hole CV24-773 (Figure 2). This
is the second core sample collected at the P roperty (both at CV13) to exceed 7% Li 2O. To put
this further into perspective, the targeted grade of spodumene concentrate post concentration in
a processing facility – the base case marketable product in the industry – is 5.5% Li2O.
Additionally, t he mineralization at Vega continues to be characterized by very large
spodumene crystals of decimetre to metre scale (Figure 2 and Figure 3). Based on the large
spodumene crystal sizes and prior beneficiation testwork on the CV13 Pegmatite, a dense media
separation (“DMS”) only flowsheet is considered probable (see news release dated July 4, 2023).
All mineralised pegmatite intersections from the summer-fall drill program at CV13
are located outside of the MRE’s block model , or at its margins, and therefore
represent a significant expansion of the Vega Zone.
This expansion of the Vega Zone highlights considerable potential for continued high-grade
resource growth at CV13 – where the current MRE of 1.5 Mt at 1.62% Li2O Indicated and 19.1 Mt
at 1.46% Li2O Inferred forms part of the larger Shaakichiuwaanaan MRE 1 (see news release dated
August 5, 2024).
1 Shaakichiuwaanaan (CV5 & CV13) Mineral Resource Estimate (80.1 Mt at 1.44% Li 2O and 163 ppm Ta2O5 Indicated, and 62.5 Mt
at 1.31% Li2O and 147 ppm Ta 2O5 ppm Inferred) is reported at a cut -off grade of 0.40% Li 2O (open-pit), 0.60% Li2O (underground
CV5), and 0.80% Li 2O (underground CV13) with an Effective Date of August 21, 2024 (through drill hole CV24 -526). Mineral
Resources are not Mineral Reserves as they do not have demonstrated economic viability.
The Vega Zone remains open in multiple directions and covers an area of at least ~0.7 km
x 0.4 km with a true thickness of <10 m to 30+ m, hosted within a wider mineralized pegmatite
body. Geological modelling (Figure 4) indicates the Vega Zone to be relatively flat-lying to shallow
dipping and near-surface (starting at ~100 m vertical depth from surface) . The CV13 Spodumene
Pegmatite, which hosts the Vega Zone, has now been traced over a strike length of ~2.5 km, down-
dip over more than 500 m and remains open in multiple directions.
Figure 1: Drill holes completed to date at CV13.
Figure 2: Large spodumene crystal(s) (0.9 m core length) grading 7.11% Li 2O, the highest-grade drill core
sample collected to date at the Property (drill hole CV24-773).
Figure 3: Very large spodumene crystals in high-grade pegmatite from Vega Zone in drill hole CV24-747.
Core grades 12.6 m at 4.64% Li2O from 197.2 to 209.8 m, including 4.3 m at 5.55% Li2O.
Figure 4: Preliminary cross-section interpretation of the CV13 geological model at the Vega Zone. Results
reported herein for CV24-571, 579, 582, 747, 754, 757, and 761.
In addition to the significant expansion of the Vega Zone, the program was successful in
identifying an interpreted coincident structure, which may be a primary control on
the high-grade mineralization (Figure 5 and Figure 6). This structural corridor (referred to in
this announcement as the “Vega Structural Corridor”) is supported from local and regional
magnetic data (expressed as a linear feature) as well as structural observations in drill core and is
interpreted to extend at least 3.3 km north-west along geological trend to the CV12
Spodumene Pegmatite.
Apart from the currently defined extent of the Vega Zone and a single shallow drill hole at CV12,
this corridor remains to be drill tested and is , therefore, considered highly prospective.
Further, a second structural corridor that is interpreted to extend north-west for
approximately 1.9 km from CV13 to the CV8 Spodumene Pegmatite also remains to
be drill tested and is considered to be highly prospective.
Figure 5: Two highly prospective interpreted structural corridors between CV13 and the CV8 and CV12
spodumene pegmatites that remain to be drill tested. Airborne magnetic underlay.
Figure 6: Highly prospective interpreted structural corridor coincident with the high-grade Vega Zone at
the CV13 Spodumene Pegmatite. The corridor, as outlined with airborne magnetic data, is interpreted to
extend ~3.3 km to the CV12 Spodumene Pegmatite and remains to be drill tested.
Core sample assays for drill holes reported in this announcement from the CV13 Spodumene Pegmatite
are presented in Table 1 for all pegmatite intersections >2 m. Drill hole locations and attributes are
presented in Table 2.
Table 1: Core assay summary for drill holes reported herein at the CV13 Spodumene Pegmatite.
Hole ID From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Ta2O5
(ppm) Hole ID From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Ta2O5
(ppm)
CV24-529 127.24 139.9 12.6 0.21 319 CV24-583 186.3 197.7 11.4 0.28 169
300.5 303.96 3.5 0.84 205 CV24-747 186.5 217.7 31.2 3.35 137
309.4 320.4 11.0 0.39 186 Incl. 195.8 200.5 4.7 5.37 102
CV24-532 No >2 m pegmatite intersections Incl. 204.0 208.4 4.3 5.55 113
CV24-535 146.1 154.7 8.6 0.04 209 CV24-754 38.5 41.6 3.1 0.01 83
CV24-538 No pegmatite >2 m intersected 139.9 172.9 33.0 2.02 351
CV24-539 45.1 47.7 2.6 0.92 261 Incl. 167.3 171.9 4.6 4.19 142
164.7 171.2 6.4 0.10 236 182.5 184.6 2.1 0.15 244
CV24-540 No >2 m pegmatite intersections CV24-757 192.4 223.4 31.1 0.34 113
CV24-543 154.6 161.2 6.6 0.14 576 210.0 218.3 8.3 1.02 99
CV24-545 No >2 m pegmatite intersections 228.7 243.6 14.9 1.96 156
CV24-546 139.7 157.6 17.9 1.48 660 249.4 262.5 13.0 2.80 188
incl. 153.5 157.6 4.1 4.40 382 incl. 255.4 261.0 5.7 4.21 107
358.6 364.7 6.1 1.01 137 274.0 281.7 7.7 0.10 204
CV24-549 No >2 m pegmatite intersections 287.2 290.0 2.8 0.07 276
CV24-550 136.5 139.3 2.9 0.62 54 CV24-761 123.2 152.4 29.2(3) 2.05 240
416.3 431.4 15.0 0.40 147 Incl. 134.0 148.3 14.3 3.09 261
CV24-551 140.0 143.8 3.8 0.26 194 CV24-762 316.6 329.3 12.7 0.49 71
CV24-554 172.5 174.6 2.1 0.05 207 Incl. 319.9 324.2 4.3 0.96 103
CV24-555 No >2 m pegmatite intersections CV24-763 142.0 146.2 4.2 1.47 109
CV24-556 193.5 196.1 2.6 0.01 130 311.7 317.3 5.5 0.51 115
CV24-561 407.2 411.0 3.8 1.08 195 CV24-768 193.0 195.6 2.6 1.65 310
416.7 422.6 5.9 0.28 174 CV24-770 133.9 153.0 19.1 0.48 389
CV24-565 No >2 m pegmatite intersections incl. 135.8 141.6 5.7 1.08 588
CV24-571 136.3 173.2 36.9(3) 1.17 243 CV24-771 73.5 83.4 10.0 1.47 84
Incl. 150.1 166.1 16.1 1.91 477 CV24-773 139.3 171.1 31.8(3) 2.07 328
CV24-572 113.9 117.4 3.6 0.40 134 Incl. 157.7 169.3 11.7 3.47 221
CV24-578 97.8 99.1 1.3 2.18 138 or 165.3 166.2 0.9 7.11 12
CV24-579 124.6 144.6 20.0 1.30 292
Incl. 135.3 144.6 9.3 2.71 404
or 140.6 144.6 4.0 4.50 156
CV24-582 134.8 170.4 35.7(3) 1.65 376
Incl. 142.1 170.4 28.3(3) 2.05 452
(1) All intervals are core length and presented for all pegmatite
intervals >2 m. Geological modelling is ongoing; (2) Collared in
pegmatite; (3) Includes minor intervals of non-pegmatite units
(typically <3 m).
Table 2: Attributes for drill holes reported herein at the CV13 Spodumene Pegmatite.
Hole ID Substrate Total Depth
(m)
Azimuth
(°)
Dip
(°) Easting Northing Elevation
(m) Core Size Cluster
CV24-529 Land 395.0 0 -90 565280.0 5928735.1 388.1 NQ CV13
CV24-532 Land 386.4 0 -90 565628.7 5928931.0 402.9 NQ CV13
CV24-535 Land 440.0 50 -65 565281.6 5928735.1 388.2 NQ CV13
CV24-538 Land 370.2 130 -60 565631.2 5928931.1 403.7 NQ CV13
CV24-539 Land 305.0 0 -65 565279.8 5928735.6 388.3 NQ CV13
CV24-540 Land 314.0 200 -65 565629.2 5928929.5 403.2 NQ CV13
CV24-543 Land 245.0 310 -65 565279.8 5928735.4 388.2 NQ CV13
CV24-545 Land 311.0 230 -50 565627.9 5928929.8 403.2 NQ CV13
CV24-546 Land 385.3 260 -65 565279.3 5928733.5 388.3 NQ CV13
CV24-549 Land 344.0 0 -70 565629.5 5928932.4 403.4 NQ CV13
CV24-550 Land 463.8 60 -60 565109.1 5928410.8 418.7 NQ CV13
CV24-551 Land 329.9 90 -55 565813.6 5928741.7 384.3 NQ CV13
CV24-554 Land 339.0 10 -60 565812.5 5928743.0 384.4 NQ CV13
CV24-555 Land 416.0 130 -58 565108.9 5928408.5 419.2 NQ CV13
CV24-556 Land 263.0 158 -45 565944.2 5928901.8 391.8 NQ CV13
CV24-561 Land 443.1 0 -65 565107.0 5928411.2 418.7 NQ CV13
CV24-565 Land 251.1 158 -45 566053.6 5928896.2 388.4 NQ CV13
CV24-571 Land 236.1 90 -65 565032.3 5928630.7 398.2 NQ CV13
CV24-572 Land 173.0 158 -45 565954.5 5928688.8 377.6 NQ CV13
CV24-578 Land 218.0 158 -75 565954.1 5928689.3 377.4 NQ CV13
CV24-579 Land 215.0 0 -90 565031.7 5928630.6 398.2 NQ CV13
CV24-582 Land 227.2 10 -65 565031.2 5928632.1 398.3 NQ CV13
CV24-583 Land 212.0 158 -45 566034.5 5928765.5 379.3 NQ CV13
CV24-747 Land 281.0 20 -60 565266.8 5928409.4 412.5 NQ CV13
CV24-754 Land 235.9 280 -65 565288.0 5928612.6 390.0 NQ CV13
CV24-757 Land 305.3 70 -45 565269.4 5928408.3 412.8 NQ CV13
CV24-761 Land 227.1 0 -90 565289.2 5928610.8 390.0 NQ CV13
CV24-762 Land 340.9 120 -45 565268.2 5928406.7 413.2 NQ CV13
CV24-763 Land 407.4 150 -65 565430.9 5928778.7 389.3 NQ CV13
CV24-768 Land 284.0 240 -45 565288.4 5928610.3 390.1 NQ CV13
CV24-770 Land 220.9 0 -90 565129.6 5928730.6 395.0 NQ CV13
CV24-771 Land 164.3 0 -90 565267.5 5928407.2 413.1 NQ CV13
CV24-773 Land 200.0 35 -55 565291.6 5928615.0 389.7 NQ CV13
(1) Coordinate system NAD83 / UTM zone 18N; (2) All drill holes are diamond drill; (3) Azimuths and dips presented are
those 'planned' and may vary off collar/downhole.