Patriot Battery Metals Inc. (TSXV: PMET) (ASX: PMT) has received high-grade core assay results for 12 additional drill holes from its 2022 drill campaign at its wholly owned Corvette 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 Corvette Property continues to deliver with these latest assay results, which include some of our highest grades to date,” President, CEO and Director, Blair Way, said.
“In addition, the strike length of the CV5 Pegmatite system remains open in all directions with wide widths and strong grades encountered along its currently defined 2.2 km length.
“I am happy to be back on track with regular news releases of our assay results from the summer-fall drill program. With 38 holes yet to be received from the lab, and re-commencement of drilling in January, we will have continuous news flow on the Property for some time.”
The 12 drill holes targeted mineralization at shallow to mid-level depths over a significant strike length of the CV5 Pegmatite.
Drilling continues to return wide and well-mineralized intercepts at these depths, highlighted herein by drill hole CV22-066 with 113.4 m at 1.61% Li2O (162.1 m to 275.5 m), including 38.0 m at 2.17% Li2O and 28.6 m at 2.31% Li2O. Additionally, drill hole CV22-066 contains twenty (20) individual samples over 3.00% Li2O including two adjacent samples grading >6% Li2O, averaging 2.0 m at 6.41% Li2O, which contains a single spodumene crystal of approximately 1.8 m. This is the largest spodumene crystal discovered to date in drill core at the Property.
The high-grade pegmatite in drill hole CV22-066 is interpreted to continue to surface as evidenced by CV22-063 with 39.9 m at 1.30% Li2O (69.9 m to 109.8 m), including 18.0 m at 2.28% Li2O, returned at shallow depths.
The pegmatite remains open at depth at this location with CV22-069 returning 45.3 m of spodumene pegmatite at depth below CV22-066 – assays remaining to be reported.
Additionally, drill hole CV22-062 returned 60.0 m at 1.52% Li2O (25.3 m to 85.3 m), including 18.0 m at 2.16% Li2O, at shallow depths proximal to the CV5 Pegmatite outcrop (Figure 4). These high grades continue at depth below CV22-062 with drillhole CV22-064 returning 42.2 m at 1.52% Li2O (77.4 m to 119.5 m), 17.8 m at 2.53% Li2O (160.5 m to 178.3 m), 29.1 m at 1.21% Li2O (183.4 m to 212.5 m), and 10.9 m at 1.18% Li2O (220.2 m to 231.1 m). Drill hole CV22-059 continued to demonstrate strong grades and wide intersections below the CV5 Pegmatite outcrop at moderate depths with 119.1 m at 0.89% Li2O (57.3 m to 176.4 m), including 19.0 m at 2.05% Li2O and 15.0 m at 1.72% Li2O (304.9 m to 319.9 m) (Figure 1).
Strong grades of tantalum continue to be returned from drilling at the CV5 Pegmatite with individual one metre samples grading >1,000 ppm Ta2O5 returned from six of the 12 drill holes reported herein – CV22-055, 062, 063, 064, 065, and 066 – with a sample high of 3,293 ppm Ta2O5 returned from CV22-055.
High-grade lithium- tantalum intervals include 18.0 m at 2.16% Li2O and 316 ppm Ta2O5 (CV22-062) and 42.2 m at 1.52% Li2O and 300 ppm Ta2O5 (CV22-064).
The prevalence of tantalum is widespread at the CV5 Pegmatite with its zonation to be more clearly defined upon receipt of the remaining 2022 drill core assays. Tantalum continues to be a secondary commodity of strong interest at Corvette and recovery into a marketable concentrate will continue to be explored as flowsheet studies are advanced.
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.
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