Patriot drills highest grade lithium drill intercept to date – 156.9 m interval of 2.12% Li2O, including 25.0 m of 5.04% Li2O – at the CV5 Pegmatite, Quebec, Canada
Patriot Battery Metals Inc.
Suite 700 - 838 W. Hastings Street, Vancouver, BC, Canada, V6C 0A6
www.patriotbatterymetals.com TSX-V: PMET / ASX: PMT / OTC: PMETF / FSE: R9GA
Patriot drills highest grade lithium drill intercept to date – 156.9 m interval of 2.12% Li2O,
including 25.0 m of 5.04% Li2O – at the CV5 Pegmatite, Quebec, Canada
January 18, 2023 – Vancouver, BC, Canada January 19, 2023 – Sydney, Australia
Highlights
Significant Drill Intercepts
• The widest, highest grade lithium drill intercept returned to date at the CV5 Pegmatite – drill hole CV22-083
o 156.9 m at 2.12% Li 2O (176.4 m to 333.4 m), including 25.0 m at 5.04% Li 2O or 5.0 m at
6.36% Li2O (CV22-083)
• Drill hole CV22-083 continues to extend mineralization eastwardly at the CV5 Pegmatite, and is interpreted
to have intersected part of a large, high-grade ‘zone’ within the overall pegmatite that now has been defined
by several drill holes, including CV22-017, 042, 066, and 083 over a strike length of at least 250 m
o Extension of the high-grade zone eastwardly to be tested with the first series of drill holes as part of
the 2023 winter drill program
• Additional significant drill intercepts in the most recent results follow;
o 45.3 m at 1.72% Li2O (205.8 m to 251.0 m), including 31.0 m at 2.11% Li2O (CV22-069)
o 31.2 m at 1.95% Li2O (163.0 m to 194.2 m), including 9.0 m at 2.78% Li2O (CV22-070)
o 49.5 m at 1.33% Li2O (80.6 m to 130.1 m) (CV22-080)
o 41.3 m at 1.01% Li2O (96.5 m to 137.7 m), including 12.0 m at 1.59% Li2O (CV22-075)
• The spodumene mineralization at the CV5 Pegmatite has been traced over a strike length of at least 2,200 m
through the 2021 & 2022 drill programs . The mineralization remains open along strike at both ends and to
depth along most of the pegmatite’s length
• Core assay results for twenty -four (24) drill holes from the 2022 drill campaign remain to be reported – ten
(10) at the CV5 Pegmatite cluster and fourteen (14) at the CV13 Pegmatite cluster
Darren Smith, Vice President of Exploration of the Company, comments: “It is hard to find words to
adequately describe the impressive nature of th e lithium mineralization in drill hole CV22 -083. Visual
estimates of spodumene abundance may give you a sense, but assays are the true measure and have
certainly astounded with this hole. As we move east, we are defining a significant high -grade zone at a
coarse drill spacing of 50 to 100 m. The recently commenced winter drill program will continue to probe
and delineate this area ahead of an initial mineral resource estimate planned for the first half of 2023. Drill
hole CV22-083 has raised the bar ever hi gher with respect to the considerable potential at CV5 as we
continue to delineate it, and by extension, the rest of the CV lithium district held by the Company that has
yet to be drill tested.”
Patriot Battery Metals Inc. (the “Company” or “Patriot”) ( TSX-V: PMET) (ASX: PMT) (OTCQB: PMETF)
(FSE: R9GA) is pleased to announce core assay results for fourteen (14) additional drill holes from its 2022 drill
campaign at its wholly owned Corvette Property (the “Property”), located in the James Bay Region of Quebec. The
primary drill area is focused at the CV5 Pegmatite , located approximately 13.5 km south of the regional and
all-weather Trans-Taiga Road and powerline infrastructure.
The fourteen (14) drill holes (NQ core size – 47.6 mm inside diameter) reported herein targeted mineralization at the
eastern and western areas of the currently defined CV5 Pegmatite (Figure 1). Drill hole CV22 -083 returned the
strongest lithium mineralized interval to date at the CV5 Pegmatite with 156.9 m at 2.12% Li2O, including 25.0 m
at 5.04% Li2O or 5.0 m at 6.36% Li2O, and was completed as a 100 m step-out along strike of drill hole CV22-066,
which intersected 113.1 m of 1.61% Li2O (see news release dated December 13th, 2022) (Figures 2, 3, and 4).
The step-out drilling at the eastern end of the CV5 Pegmatite, which remains open in both directions along strike, is
targeting a near-surface, high-grade zone that has been intersected in CV22 -017 (40.7 m at 3.01% Li2O), CV22-042
(37.0 m at 3.04% Li2O), and CV22-066 (38.0 m at 2.17% Li2O, including 2.0 m at 6.41% Li 2O) – see news releases
dated May 24 th, August 31 st, and December 13 th, 2022, respectively. Drill hole CV22 -083, as announced herein
(25.0 m at 5.04% Li2O), has intersected the interpreted extension of this high- grade zone , returning the highest
lithium grades to date from th e CV5 Pegmatite . This includes forty -five (45) individual core samples over 3.0%
Li2O, twenty-five (25) over 4.0% Li2O, eighteen (18) over 5.0% Li2O, and seven (7) over 6.0% to a peak of
6.87% Li 2O. To date, t his high- grade zone , as confirmed by assay, has been traced over a strike length of
approximately 250 m – from drill hole CV22-017 to 083.
Drill hole CV22 -093 was comp leted as a 100 m step -out easterly along strike of drill hole CV22 -083, targeting an
extension of t he high-grade zone (based on logged spodumene content) . The assays for CV22 -093 remain to be
reported; however, the hole intersected spodumene pegmatite over 52.2 m (core length). Additionally, d rill hole
CV22-069 undercut drill hole CV22 -066 (113.4 m at 1.61% Li 2O, see news release dated December 13th, 2022) and
returned 45.3 m of 1.72% Li2O, including 31.0 m at 2.11% Li2O, thereby extending the high-grade mineralized zone
at depth at this location , which remains open. The first series of drill holes at the recently commenced winter drill
program (see news release dated January 5th, 2023) will continue to probe this high-grade zone moving eastwards.
Drill hole CV22 -074 is the most westerly drill hole completed to date at the CV5 Pegmatite and returned a well -
mineralized interval of 16.9 m at 2.00% Li 2O (Figure 5). The Company intends to continue step- out drilling along
strike westwardly as part of the current winter drill program to test for the extension of the spodumene pegmatite. The
pegmatite is interpreted to continue for at least another 125 m in this direction based on a mineralized outcrop present
along strike (Figure 1). It is possible that the CV5 Pegmatite may extend under the relatively thin glacial till cover to
the CV13 Pegmatite cluster, situated approximately 4.3 km to west-southwest, which is anticipated to be drill tested
during the 2023 drill campaign. Further, strong intersections continue to be retuned over the western portions of the
drill area at CV5, including 41.3 m at 1.01% Li2O (CV22-075), 31.2 m at 1.95% Li2O (CV22-070), and 49.5 m at
1.33% Li2O (CV22-080). Visually, the spodumene pegmatite is very similar at both the eastern and western extent of
the drill area, emphasizing the scale and robustness of the lithium mineraliz ing system at CV5.
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 Figure 1. Drill hole coordinates and other attributes are also available in Table 1 an d the
Company’s website , which has a downloadable excel spreadsheet listing assay results from prior drill holes. Core
assay results for twenty-four (24) drill holes from the 2022 drill campaign remain to be reported – ten (10) at the CV5
Pegmatite cluster and fourteen (14) at the CV13 Pegmatite cluster.
The 2022 drill campaign at Corvette has significantly expanded lithium mineralization at the CV5 Pegmatite. The
drilling to date has largely been completed at approximately 100 m spacing (down to ~50 m in some places) with the
principal spodumene pegmatite body (CV5), flanked by several secondary lenses, currently traced by drilling
over a distance of at least 2,200 m, remaining open along strike at both ends and to depth along most of its
length.
Through 2022, the Company has completed ninety- five (95) NQ core size drill holes, totalling 27,470 m, at targets
along the CV Lithium Trend – eighty (80) drill holes totalling 24,709 m at the CV5 Pegmatite and proximal lenses,
fourteen (14) drill holes totalling 2,647 m at the CV13 Pegmatite cluster, and one (1) drill hole totalling 114 m at the
CV12 Pegmatite cluster.
Figure 1: Drill hole collar locations at the CV5 Pegmatite for holes completed through 2022
Table 1: Mineralized drill intercept summary for drill holes reported herein as part of the 2022 summer-fall program
Hole ID From
(m)
To
(m)
Interval
(m)
Li2O
(%)
Ta2O5
(ppm)
Total
Depth
(m)
Azimuth
(°)
Dip
(°) Easting Northing Elevation
(m)
CV22-067 3.5 44.6 41.1(4) 0.87 81 281.1 158 -45 570426 5930756 380.0
incl. 5.5 18.5 13.0 1.94 78
CV22-068 2.5 25.2 22.7(4) 1.45 133 233.0 158 -45 569930 5930522 378.2
188.5 191.7 3.2 0.01 70
CV22-069 56.3 61.6 5.3 0.74 327 494.1 158 -65 571561 5931296 377.0
71.0 86.6 15.7 0.09 123
205.8 251.0 45.3 1.72 157
incl. 217.0 248.0 31.0 2.11 179
315.7 318.9 3.2 0.01 61
CV22-070 83.2 88.3 5.1 0.84 224 297.4 158 -45 570119 5930731 373.2
163.0 194.2 31.2 1.95 147
incl. 181.3 190.3 9.0 2.78 106
199.4 201.6 2.1 0.78 204
CV22-071 8.0 21.8 13.8(4) 1.12 241 377.0 158 -45 569828 5930505 377.5
96.9 101.4 4.5 0.07 284
183.4 189.8 6.4 0.23 84
CV22-072 71.7 74.5 2.8 0.67 164 404.0 158 -45 570081 5930689 373.2
144.5 169.2 24.6 1.03 95
194.2 204.2 10.0 0.99 192
344.6 354.6 10.0 0.01 72
CV22-073 445.4 451.0 5.6 0.02 123 541.9 158 -52 571275 5931307 381.4
CV22-074 82.9 85.0 2.1 0.63 271 398.0 158 -45 569720 5930500 385.9
170.4 187.3 16.9 2.00 117
198.9 208.1 9.2 0.04 87
255.4 259.5 4.1 0.01 124
288.2 290.7 2.4 0.01 84
CV22-075 96.5 137.7 41.3 1.01 104 372.4 158 -45 569988 5930639 373.7
incl. 99.0 111.0 12.0 1.59 122
141.9 150.9 9.0 1.08 203
205.9 211.2 5.3 0.39 115
293.3 304.7 11.4 0.18 72
331.8 334.8 3.0 0.02 59
CV22-076 14.6 18.1 3.5 0.03 109 161.0 158 -45 571349 5930873 377.7
CV22-078 46.6 49.6 3.0 0.06 80 163.8 158 -65 571349 5930872 377.4
CV22-079 37.6 42.6 5.0 0.04 121 425.0 158 -45 571661 5931296 379.5
111.9 118.3 6.4 1.28 100
146.5 160.8 14.3 0.41 288
219.7 244.4 24.7 0.37 85
incl. 234.4 240.5 6.1 1.23 42
CV22-080 80.6 130.1 49.5 1.33 149 359.0 158 -45 569930 5930619 374.3
204.3 208.6 4.3 0.30 90
279.5 291.0 11.5 0.10 80
316.2 320.1 3.9 0.01 34
CV22-083 42.7 49.0 6.3 0.98 235 440.0 158 -65 571661 5931296 379.5
176.4 333.4 156.9 2.12 181
incl. 258.0 283.0 25.0 5.04 270
or 264.0 269.0 5.0 6.36 216
(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 2: High-grade drill core intersection (25.0 m at 5.04% Li2O) in CV22-083 (red box), including 5.0 m at
6.36% Li2O (dashed blue box)
Figure 3: Spodumene mineralization in drill hole CV22-083. Gangue minerals include a mix of mica and tourmaline
(black flecks) and quartz (smokey-brown)
Figure 4: High-grade core from drill hole CV22-083 at ~292 to 295 m depth (core length)
Figure 5: Well mineralized spodumene pegmatite intersection from drill hole CV22-074 (16.9 m at 2.00% Li2O), the
most westerly drill hole completed to date at the CV5 Pegmatite