Patriot Extends Vega Zone with Standout Intercepts including 9.7 m at 5.16% Li2O and 35.3 m at 2.40% Li2O
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 Extends Vega Zone with Standout Intercepts including
9.7 m at 5.16% Li2O and 35.3 m at 2.40% Li2O
July 7, 2024 – Vancouver, BC, Canada July 8, 2024 – Sydney, Australia
Highlights
• Significant expansion to the recently discovered high -grade Vega Zone at the
CV13 Spodumene Pegmatite. Highlights from the 2024 winter drill program include:
o 51.7 m at 1.77% Li2O, including 9.7 m at 5.16% Li2O (CV24-525).
o 35.3 m at 2.40% Li2O, including 17.4 m at 3.12% Li2O (CV24-520).
o 34.8 m at 1.87% Li2O, including 19.1 m at 3.17% Li2O (CV24-524).
o 41.5 m at 2.00% Li2O, including 10.6 m at 3.50% Li2O (CV24-510).
• Vega Zone is interpreted to be relatively flat-lying to shallowly dipping and
near-surface, covering an area of ~380 m x 220 m with a true thickness of ~8 to
30+ m, hosted within a wider mineralized pegmatite body . It remains open in
several directions.
• Results for all drill holes completed during the 2024 winter program have now be en
reported – 50,961 m (121 holes) at CV5 and 11,557 m (45 holes) at CV13.
• The Vega Zone is a key target for the ongoing summer-fall drill program , with the
mineralization delineated to date remaining open in several directions.
• Patriot remains on schedule for a Mineral Resource Estimate update for the Corvette
Project in August 2024, including both the CV5 and CV13 spodumene pegmatites.
Darren L. Smith, Patriot’s Vice President of Exploration comments, “The final holes from our recently
completed winter drill program at CV13 confirm a significant discovery of high-grade spodumene pegmatite
at the Vega Zone, with high-grade mineralisation now defined over a significant area.”
“With such high grades present at the Vega Zone – akin to what we see at the Nova Zone at CV5 –
including a standout 9.7 m intercept grading over 5% Li2O, the new results clearly validate the considerable
potential at CV13 as well as that of the larger mineralized system at Corvette. We intend to further
delineate this discovery as part of our recently commenced summer-fall drill program”, added Mr. Smith.
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT)
(OTCQX: PMETF) (FSE: R9GA) is pleased to announce the final batch of core assay results
from the CV13 Spodumene Pegmatite from its 2024 winter drill program at the Corvette Property,
including holes targeting the recently discovered high-grade Vega Zone.
The 100%-owned Corvette Property (the “Property” or “Project”) is located in the Eeyou Istchee
James Bay region of Quebec. The CV13 Spodumene Pegmatite is located approximately 3 km
west-southwest of the CV5 Spodumene Pegmatite, which hosts a maiden Mineral Resource
Estimate (“MRE”) of 109.2 Mt at 1.42% Li2O Inferred1 and is situated approximately 13.5 km south
of the regional and all‑weather Trans-Taiga Road and powerline infrastructure.
Figure 1: Preliminary cross-section interpretation of the CV13 geological model at the Vega Zone. Results
reported in this announcement for drill holes CV24-492, 519, 524, and 525.
Core assay results for 16 drill holes, completed during the 2024 winter drill program at the CV13
Spodumene Pegmatite, are reported in this announcement (Figure 2 and Table 1). This is the final
batch of core assay results for CV13 drill holes from this program. Highlights, each from the Vega
Zone, include:
• 51.7 m at 1.77% Li2O, including 9.7 m at 5.16% Li2O (CV24-525).
• 35.3 m at 2.40% Li2O, including 17.4 m at 3.12% Li2O (CV24-520).
• 34.8 m at 1.87% Li2O, including 19.1 m at 3.17% Li2O (CV24-524).
• 41.5 m at 2.00% Li2O, including 10.6 m at 3.50% Li2O (CV24-510).
These four drill holes (CV24-510, 520, 524, and 525) were completed as follow-up to the discovery
hole at the Vega Zone (CV24-470), which returned 34.4 m at 2.90% Li2O, including 21.9 m at
3.58% Li 2O (see news release dated May 6, 2024 ), and drill holes reported on June 10, 2024
(CV24-498, 499, 507, and 513).
The highest -grade intercept (of significant width) to date from CV13 is reported in this
announcement from drill hole CV24-525 (9.7 m at 5.16% Li2O), which was the last drill hole to
target the Vega Zone during the 2024 winter program ( Figure 5). This drill hole contains five
individual core samples (each ranging from 1.1 m to 2.0 m in width) with assays >5% Li 2O, and
nine samples >3% Li2O.
Figure 2: Drill holes completed at the CV13 Spodumene Pegmatite through April 2024.
Geological modelling (see preliminary cross-sections in Figure 1, Figure 3, and 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), covering an area of approximately 3 80 by 220 m (drill hole
intercept to drill hole intercept) with an interpreted true thickness of ~ 8 to 30+ m , hosted
within a wider moderately to strongly mineralized pegmatite body. The Vega Zone remains
open in several directions following the 2024 winter drill program.
The high-grade Vega Zone at CV13 Pegmatite is situated approximately 6 km south-west and along
geological trend of the high-grade Nova Zone at the CV5 Pegmatite. Both zones share several
similarities including lithium grades and very coarse decimetre to metre size spodumene crystals
(Figure 6). However, both pegmatite zones have distinct orientations whereby the Vega Zone is
relatively flat-lying to shallow dipping while the Nova Zone is steeply dipping to vertical.
Figure 3: Preliminary cross-section interpretation of the CV13 geological model at the Vega Zone. Results
reported in this announcement for drill hole CV24-520.
Figure 4: Preliminary cross-section interpretation of the CV13 geological model at the Vega Zone. Results
reported in this announcement for drill hole CV24-510.
Figure 5: High-grade spodumene pegmatite drill intercept from the Vega Zone at the CV13 Spodumene
Pegmatite, assaying 9.7 m at 5.16% Li2O (128.3 m to 138.0 m) in drill hole CV24-525.
Figure 6: Highly prospective lithium pegmatite corridor proximal to the CV5 and CV13 spodumene
pegmatites.
Along the western arm of CV13, drill hole CV24 -506 demonstrates that the pegmatite remains
mineralized and open at depth in this area with an intercept of 8.2 m at 1.14% Li2O (Figure 7). The
principal pegmatite in this area dips north-easterly at approximately 25° and ranges in thickness
from approximately 7 m to 19 m.
To date, the CV13 Spodumene Pegmatite, through outcrop and drill hole data, is confirmed to
extend over a strike length of at least 2.3 km and down -dip for at least 400 m, and remains open
at both ends and to depth.
Figure 7: Preliminary cross-section interpretation of the CV13 geological model at the western arm. Results
reported in this announcement for drill holes CV24-506.
Results for all drill holes completed during the 2024 winter program have now been reported –
50,961 m (121 holes) at CV5 and 11,557 m (45 holes) at CV13. An updated MRE for the Corvette
Project, incorporating drilling through April 2024 (i.e., end of the 2024 winter drill program) at
both the CV5 and CV13 pegmatites, is scheduled for August 2024.
A follow-up drill program at CV13, focused on further delineation of the high-grade Vega Zone, is
currently underway as part of this summer -fall drill program. Approximately 10,000 m of drilling
is under consideration targeting the CV13 Spodumene Pegmatite’s Vega Zone and the immediate
corridor eastwards towards the CV5 Spodumene Pegmatite.
However, the primary focus and objective of the summer -fall program will be drilling at the CV5
Spodumene Pegmatite to support an increase in MRE confidence from the Inferred category to
the Indicated category. This work is designed to underpin a Mineral Resource Estimate of sufficient
scale and confidence (i.e., Indicated classification) to support the Feasibility Study for the Project,
which is currently scheduled for completion in the second half of 2025.