Patriot Extends Strike Length of the CV5 Pegmatite to 3.7 km, Corvette Property, 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
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Patriot Extends Strike Length of the CV5 Pegmatite to 3.7 km,
Corvette Property, Quebec, Canada
May 1, 2023 – Vancouver, BC, Canada May 2, 2023 – Sydney, Australia
Highlights
• Extension of the CV5 spodumene pegmatite westwardly by 550 m.
o The CV5 spodumene pegmatite has now been traced continuously by drilling (at
~50 - 150 m spacing) over a lateral distance of at least 3.7 km and remains open
along strike at both ends and to depth along most of its length.
o These are the first drill holes completed to test a westward extension of the CV5
Pegmatite since summer of 2022 , when spodumene pegmatite was confirmed to
extend from the CV5 outcrop to the CV6 outcrop.
• The 2023 winter drill program has exceeded the total metres completed in the 2022 drill
program with a total of eighty-nine (89) drill holes (~32,367 m) completed.
• Core sample assay results for sixty-seven (67) drill holes from the 2023 winter drill
program remain to be reported.
• Validation and refinement of the geological model for the CV5 Pegmatite is in the
advanced stages and will be followed by block modelling of final analytical data ahead of
an initial mineral resource estimate.
• Summer-fall drill program to commence in late May at the CV5 and CV13 pegmatites.
Blair Way, Company President and CEO, comments: “ Our winter drill program at the CV5
Pegmatite has been a remarkable success. We have extended the spodumene mineralized
pegmatite an additional 1.5 km over the course of the program for a current continuous strike
length, which remains open at both ends, of 3.7 km. We are now undergoing final preparation for
our summer-fall surface and drill exploration programs as we await final core sample assays from
the recent drilling and move closer to an initial mineral resource estimate at CV5.”
Patriot Battery Metals Inc. (the “Company” or “Patriot”) ( TSX-V: PMET) (ASX: PMT)
(OTCQX: PMETF) (FSE: R9GA) is pleased to provide an update on the 2023 winter drill
program recently completed at its wholly owned Corvette Property (the “Property”), located in the
Eeyou Istchee James Bay region of Quebec . The winter phase of the 2023 drill campaign was
focused on the CV5 Pegmatite, located approximately 13.5 km south of the regional and
all-weather Trans-Taiga Road and powerline infrastructure.
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Since the last drill program update (see news release dated March 29, 2023), t he Company is
pleased to report a further extension of the CV5 Pegmatite westwardly by 550 m – to 3.7 km
combined strike length – through dominantly spodumene-bearing pegmatite in drill holes moving
westwardly from CV22-074 through to CV23-184. Drill holes completed over this 550 m of strike
have intersected various widths of continuous pegmatite, dominantly spodumene -bearing,
including drill hole CV23-184, the westernmost drill hole completed to date at the CV5 pegmatite,
which returned a continuous 93 m core length interval of dominantly spodumene -bearing
pegmatite (127 m to 220 m). Collectively, these intersections are interpreted to delineate a near-
surface blow -out of the pegmatite in this area and demonstrate a significant potential for the
mineralized pegmatite to continue further westwardly.
The 2023 winter drill program recently concluded with a total of eighty-nine (89) drill holes and
32,367 m completed – drill holes CV23-105 through 190 (Table 1). This drilling focused on step-
out and infill drilling at the CV 5 Pegmatite (NQ core size) ; however, also included fifteen (15)
holes (2,311 m) to support hydrogeological modelling of the envisioned pit area at CV5 as well as
three (3) holes (615 m) at the site of the pending camp at KM270 of the Trans-Taiga Road (NQ
and HQ core size).
This winter program resulted in further delineation along strike of the CV5 Pegmatite body by
1.5 km – from 2.2 km at the start of the program to the current 3.7 km as announced herein
(Figure 1). The CV5 Pegmatite has now been traced continuously by drilling (at ~50-150 m
spacing) as a principally continuous spodumene -mineralized body over a lateral distance of at
least 3.7 km (CV23-184 to CV23-125) and remains open along strike at both ends and to depth
along most of its length.
Additionally, the CV5 Pegmatite has now been delineated to within approximately 1.5 km of the
CV4 Pegmatite Cluster to the east, and within approximately 3.8 km of the CV13 Pegmatite
Cluster to the west (Figure 2). The Company intends to continue to test the CV5 Pegmatite along
strike at both ends , in addition to infill drilling, over the course of the summer -fall program .
Favourable indicators that the trend continues include the regional magnetic data, suggesting a
continuation of the structural /geological trend hosting CV5 (eastwardly and westwardly towards
the CV4 and CV13 clusters, respectively ), as well as the location of spodumene-pegmatite
boulders in the area suggesting the presence of hidden spodumene-pegmatite undercover along
this trend (eastwardly).
The Company is in the advanced stages of validation and refinement of the geological model for
the CV5 Pegmatite , which will include all drilling completed to date. The model is being
completed dominantly in Leapfrog Geo software using an intrusive and vein modelling (implicit)
hybrid approach with final interpretation and validation being completed by the Company’s
geological consultants (including the Project’s independent Qualified/ Competent Persons) and
Vice President of Exploration. Core sample analytical data for a majority of the winter program’s
drill holes remain to be reported and incorporated into a final block model, which, when complete,
will form the basis of an initial mineral resource estimate for the CV5 Pegmatite scheduled for the
June/July period.
The 2023 drill campaign is currently paused due to spring break -up and to accommodate the
regional 4-week goose harvesting season when the Cree Nation requests the helicopters stop
flying. The Company’s summer-fall drill exploration is scheduled to re-commence in late May at
the CV5 and CV13 pegmatites and is planned to include both infill and step-out holes in addition
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to hydrogeological and geotechnical holes. The summer-fall surface program is scheduled to begin
in early June and continue through late September . The planned field work includes further
detailed mapping (including structural) at the CV pegmatite clusters, channel sampling of
spodumene-bearing outcrops, as well as prospecting and rock sampling over areas of the Property
that remain to be evaluated for lithium pegmatite.
Figure 1: Drill holes completed at the CV5 Pegmatite through the 2023 winter drill program
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Figure 2: High potential corridors between the CV13, CV5, and CV4 spodumene pegmatite clusters
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Table 2: 2023 winter drill hole attributes
Hole ID Substrate Total Depth (m) Azimuth (°) Dip (°) Easting Northing Elevation (m) Core Size Cluster Comments
CV23-105 Land 452.0 158 -65 571832.1 5931386.7 376.5 NQ CV5
CV23-106 Land 491.0 158 -65 571929.4 5931439.1 378.9 NQ CV5
CV23-107 Land 428.2 158 -65 572029.5 5931469.1 377.9 NQ CV5
CV23-108 Land 461.0 158 -65 572118.4 5931506.1 374.0 NQ CV5
CV23-109 Land 392.1 158 -45 571832.3 5931386.2 376.5 NQ CV5
CV23-110 Land 431.0 158 -45 571866.1 5931434.5 375.7 NQ CV5
CV23-111 Land 356.0 158 -45 572021.3 5931473.5 376.0 NQ CV5
CV23-112 Land 377.1 158 -45 571925.1 5931436.2 379.4 NQ CV5
CV23-113 Land 389.0 158 -45 572118.5 5931505.7 374.2 NQ CV5
CV23-114 Land 500.1 158 -55 571865.9 5931434.7 375.7 NQ CV5
CV23-115 Land 431.1 158 -45 572057.1 5931528.6 371.6 NQ CV5
CV23-116 Land 476.0 158 -65 572208.5 5931538.3 373.3 NQ CV5
CV23-117 Land 566.1 158 -75 571865.9 5931434.7 375.7 NQ CV5
CV23-118 Land 437.1 158 -45 572208.5 5931538.3 373.3 NQ CV5
CV23-119 Land 389.0 158 -45 572099.4 5931442.2 373.8 NQ CV5
CV23-120 Land 443.0 158 -45 572150.2 5931552.7 376.5 NQ CV5
CV23-121 Land 454.7 158 -48 571779.2 5931409.1 376.0 NQ CV5
CV23-122 Land 403.9 158 -45 572167.6 5931496.0 375.3 NQ CV5
CV23-123 Land 386.0 158 -45 571997.7 5931407.9 374.2 NQ CV5
CV23-124 Land 653.0 158 -45 571955.3 5931497.9 374.4 NQ CV5
CV23-125 Land 545.0 158 -65 572647.7 5931670.5 382.4 NQ CV5
CV23-126 Land 83.1 158 -47 571680.9 5931383.6 375.3 NQ CV5
CV23-127 Land 548.0 158 -59 571680.9 5931383.8 375.3 NQ CV5
CV23-128 Land 362.0 158 -45 571212.0 5931077.7 376.5 NQ CV5
CV23-129 Land 380.0 158 -45 571100.3 5931096.5 375.6 NQ CV5
CV23-130 Land 377.0 158 -45 571171.8 5931167.6 374.9 NQ CV5
CV23-131 Ice 454.9 158 -45 571907.3 5931366.9 373.2 NQ CV5
CV23-132 Land 374.0 158 -49 571068.0 5931148.3 374.7 NQ CV5
CV23-133 Land 604.8 220 -45 572646.6 5931668.7 382.6 NQ CV5
CV23-134 Land 331.0 158 -45 571281.9 5931163.8 379.2 NQ CV5
CV23-135 Land 360.6 158 -60 571171.6 5931167.9 374.9 NQ CV5
CV23-136 Ice 403.9 158 -45 572240.8 5931603.3 373.1 NQ CV5
CV23-137 Land 389.0 158 -65 571067.9 5931148.6 374.7 NQ CV5
CV23-138 Land 359.1 158 -60 571281.9 5931163.8 379.2 NQ CV5
CV23-139 Ice 565.9 158 -65 572396.1 5931617.8 372.9 NQ CV5
CV23-140 Ice 545.3 158 -65 572306.4 5931573.2 373.0 NQ CV5
CV23-141 Land 400.9 158 -65 571781.4 5931403.7 377.9 NQ CV5
CV23-142 Land 359.0 158 -73 571387.3 5931180.7 377.2 NQ CV5
CV23-143 Land 530.2 158 -45 572647.9 5931670.0 382.4 NQ CV5
CV23-144 Land 25.7 0 -90 570316.3 5930295.9 380.0 HQ CV5 Hydrogeology
CV23-145 Land 53.0 0 -90 569657.7 5930878.2 372.7 HQ CV5 Hydrogeology
CV23-146 Ice 416.0 158 -45 572306.6 5931572.9 373.2 NQ CV5
CV23-147 Land 185.0 0 -90 571121.4 5931096.9 376.0 NQ CV5 Hydrogeology
CV23-148 Land 332.0 158 -58 571387.4 5931180.3 377.3 NQ CV5
CV23-149 Land 199.7 0 -90 572122.5 5944352.1 350.9 HQ n/a Hydrogeology (KM270)
CV23-150 Land 302.1 0 -90 571426.9 5931160.9 376.7 NQ CV5 Hydrogeology
CV23-151 Ice 486.0 158 -45 572396.1 5931617.8 372.9 NQ CV5
CV23-152 Land 398.0 158 -47 570714.1 5931114.0 378.8 NQ CV5
CV23-153 Land 300.1 0 -90 571785.2 5931397.3 378.6 NQ CV5 Hydrogeology
CV23-154 Ice 574.9 158 -65 572487.3 5931652.3 372.9 NQ CV5
CV23-155 Land 24.9 0 -90 571686.6 5930748.6 379.8 HQ CV5 Hydrogeology
CV23-156 Land 581.3 176 -67 572647.4 5931670.4 382.6 NQ CV5
CV23-157 Land 278.1 0 -90 570694.6 5931128.2 379.0 NQ CV5 Hydrogeology
CV23-158 Land 203.0 0 -90 572137.1 5944484.5 342.3 HQ n/a Hydrogeology (KM270)
CV23-159 Land 50.0 0 -90 570520.0 5931135.3 375.6 HQ CV5 Hydrogeology
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Hole ID Substrate Total Depth (m) Azimuth (°) Dip (°) Easting Northing Elevation (m) Core Size Cluster Comments
CV23-160 Land 14.0 158 -45 569567.5 5930470.9 380.4 NQ CV5
CV23-160A Land 443.0 158 -45 569567.5 5930470.9 380.4 NQ CV5
CV23-161 Land 360.0 158 -45 569627.6 5930449.9 384.8 NQ CV5
CV23-162 Ice 482.0 158 -45 572487.3 5931652.3 372.0 NQ CV5
CV23-163 Land 212.1 0 -90 571920.4 5944521.2 338.8 HQ n/a Hydrogeology (KM270)
CV23-164 Land 200.0 0 -90 570020.1 5930773.5 378.1 NQ CV5 Hydrogeology
CV23-165 Land 555.1 165 -60 572647.7 5931669.8 382.4 NQ CV5
CV23-166 Land 43.3 0 -90 569353.0 5930256.3 389.1 NQ CV5 Hydrogeology
CV23-166A Land 50.0 0 -90 569353.0 5930256.3 389.1 HQ CV5 Hydrogeology
CV23-167 Land 25.5 0 -90 572024.6 5931654.1 374.9 HQ CV5 Hydrogeology
CV23-168 Ice 18.2 158 -47 571515.8 5931250.9 373.0 NQ CV5
CV23-168A Ice 388.1 158 -47 571515.8 5931250.9 373.0 NQ CV5
CV23-169 Land 302.0 0 -90 569733.9 5930466.5 379.2 NQ CV5 Hydrogeology
CV23-170 Ice 431.6 158 -45 572461.9 5931596.5 373.0 NQ CV5
CV23-171 Land 373.4 158 -63 569568.8 5930470.2 380.1 NQ CV5
CV23-172 Land 404.0 158 -45 569479.9 5930448.2 384.1 NQ CV5
CV23-173 Ice 516.7 158 -65 572461.9 5931596.5 373.0 NQ CV5
CV23-174 Land 421.7 0 -90 569992.0 5930469.4 381.0 NQ CV5 Hydrogeology
CV23-175 Ice 458.0 158 -57 571316.1 5931230.2 372.9 NQ CV5
CV23-176 Land 434.0 158 -45 569388.0 5930399.5 386.2 NQ CV5
CV23-177 Ice 394.7 158 -45 571453.4 5931292.5 373.0 NQ CV5
CV23-178 Land 473.2 158 -62 569479.8 5930448.6 384.1 NQ CV5
CV23-179 Ice 437.0 158 -45 572368.8 5931547.6 372.9 NQ CV5
CV23-180 Land 379.6 150 -60 569387.8 5930400.0 386.0 NQ CV5
CV23-181 Ice 354.0 158 -46 571316.2 5931230.0 372.9 NQ CV5
CV23-182 Land 369.0 158 -45 569295.1 5930361.6 389.4 NQ CV5
CV23-183 Ice 477.1 158 -65 572368.7 5931548.1 372.8 NQ CV5
CV23-184 Land 417.4 158 -45 569198.6 5930332.0 392.7 NQ CV5
CV23-185 Ice 425.0 158 -60 571453.3 5931292.7 372.9 NQ CV5
CV23-186 Land 49.6 0 -90 572596.5 5931710.3 374.2 HQ CV5 Hydrogeology
CV23-187 Land 287.0 158 -45 569698.8 5930420.6 381.0 NQ CV5
CV23-188 Land 362.0 158 -60 569294.9 5930361.9 389.3 NQ CV5
CV23-189 Land 287.0 158 -45 571702.0 5931318.4 380.1 NQ CV5
CV23-190 Land 221.1 338 -45 569596.9 5930277.1 382.2 NQ CV5
(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
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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 3. 7 km long spodumene
pegmatite (the ‘CV5 Pegmatite’) and multiple proximal secondary spodumene pegmatite lenses.
To date, six (6) distinct clusters of lithium pegmatite have been discovered across the Corvette Property – CV5
Pegmatite and associated lenses, CV4, CV8-12, CV9, CV10, and the recently 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. Further, the
high number of well-mineralized pegmatites along the trend indicate a strong potential for a series of relatively closely
spaced/stacked, sub -parallel, and sizable spodumene -bearing pegmatite bo dies, with significant lateral and depth
extent, to be present.
Qualified/Competent Person
The information in this news release that relates to exploration results for the Corvette Property is based on, and fairly
represents, information compiled by Mr. D arren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined by
National Instrument 43-101, and member in good standing with the Ordre des Géologues du Québec (Geologist Permit
number 1968), and with the Association of Professional Engineers and Geo scientists of Alberta (member number
87868). Mr. Smith has reviewed and approved the technical information in this news release.
Mr. Smith is Vice President of Exploration for Patriot Battery Metals Inc. and a Senior Geologist and Project Manager
with Dahrouge Geological Consulting Ltd. Mr. Smith holds common shares and options in the Company.
Mr. Smith has sufficient experience, which is relevant to the style of mineralization, type of deposit under
consideration, and to the activities being undertaken to qualify as a Competent Person as described by the JORC Code,
2012. Mr. Smith consents to the inclusion in this news release of the matters based on his information in the form and
context in which it appears.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a hard -rock lithium exploration company focused on advancing its district -scale 100%
owned Corvette Property located in the Eeyou Istchee James Bay region of Quebec, Canada. The Corvette Property
is one of the largest and hig hest-grade hard rock lithium projects being explored, with over 50 kilometres of strike
length over a 214 square kilometre land package and over 70 lithium bearing pegmatite outcrops identified to date.
The Corvette Property is situated proximal to the all -weather Trans Taiga Road and Hydro -Québec power line
infrastructure in the Eeyou Istchee James Bay region of Quebec. The Property hosts significant lithium potential
highlighted by the CV5 Pegmatite, which has been traced by drilling over a strike length of at least 3. 7 km with
spodumene pegmatite encountered as deep as 425 m vertical depth.
For further information, please contact us at [email protected] or by calling +1 (604) 279 -8709, or visit
www.patriotbatterymetals.com. Please also refer to the Company’s continuous disclosure filings, available under its
profile at www.sedar.com and www.asx.com.au, for available exploration data.
This news release has been approved by the Board of Directors,
“BLAIR WAY”
Blair Way, President, CEO, & Director
Disclaimer for Forward-Looking Information
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This news release contains forward -looking statements and other statements that are not historical facts. Forward -
looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar
expressions. All statements other than statements of historical fact, included in this news release are forward-looking
statements that involve risks and uncertainties, including without limitation statements with respe ct to potential
continuity of pegmatite bodies, and mineral resource estimate preparation. There can be no assurance that such
statements will prove to be accurate and actual results and future events could differ materially from those anticipated
in such statements. Important factors that could cause actual results to differ materially from the Company’s
expectations include the results of further exploration and testing, and other risks detailed from time to time in the
filings made by the Company with se curities regulators, available at www.sedar.com and www.asx.com.au. The
reader is cautioned that assumptions used in the preparation of any forward -looking information may prove to be
incorrect. Events or circumstances may cause actual results to differ m aterially from those predicted, as a result of
numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the
Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information,
although considered reasonable by management at the time of preparation, may prove to be incorrect and actual
results may differ materially from those anticipated. Forward -looking statements contained in this news release are
expressly qualified by this cautionary statement. The forward -looking statements contained in this news release are
made as of the date of this news release and the Company will update or revise publicly any of the included forward -
looking statements as expressly required by applicable law.
No securities regulatory authority or stock exchange has reviewed nor accepts responsibility for the adequacy or
accuracy of the content of this news release.
Appendix 1 – JORC Code 2012 Table 1 information required by ASX Listing Rule 5.7.1
Section 1 – Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling
techniques
• Nature and quality of sampling (eg cut
channels, random chips, or specific
specialised industry standard
measurement tools appropriate to the
minerals under investigation, such as down
hole gamma sondes, or handheld XRF
instruments, etc). These examples should
not be taken as limiting the broad meaning
of sampling.
• Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any
measurement tools or systems used.
• Aspects of the determination of
mineralisation that are Material to the
Public Report.
• In cases where ‘industry standard’ work
has been done this would be relatively
simple (eg ‘reverse circulation drilling was
used to obtain 1 m samples from which 3
kg was pulverised to produce a 30 g
charge for fire assay’). In other cases
more explanation may be required, such
• Core sampling protocols met or exceeded industry
standard practices.
• Core Sampling is guided by lithology as
determined during geological logging (i.e., by a
geologist). All pegmatite intervals are sampled in
their entirety (half-core), regardless if spodumene
mineralization is noted or not (in order to ensure
an unbiased sampling approach) in addition to ~1-
3 m of sampling into the adjacent wallrock
(dependent on pegmatite interval length) to
“bookend” the sampled pegmatite.
• The minimum individual sample length is 0.3 m
and the maximum sample length is 3.0 m.
Targeted individual pegmatite sample lengths are
1.0 m.
• All drill core is oriented to maximum foliation prior
to logging and sampling and is cut with a core saw
into half-core pieces, with one half-core collected
for assay, and the other half-core remaining in the
box for reference.