Patriot Drills 31.2 m at 3.35% Li2O at CV13 including 4.7 m at 5.37% Li2O, Significantly Expanding the High-Grade Vega Zone

PR Newswire

2024-12-12

VANCOUVER, BC, Dec. 11, 2024 /PRNewswire/ - December 12, 2024 – Sydney, Australia Highlights Recent drilling significantly expands the high-grade Vega Zone at CV13: 31.2 m at 3.35% Li2O, ...

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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPatriot Drills 31.2 m at 3.35% Li2O at CV13 including 4.7 m at 5.37% Li2O, Significantly Expanding the High-Grade Vega Zone\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-12 06:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/patriot-drills-31-2-m-220000301.html><strong>PR Newswire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>VANCOUVER, BC, Dec. 11, 2024 /PRNewswire/ - December 12, 2024 – Sydney, Australia\n\n  Highlights\n \n\nRecent drilling significantly expands the high-grade Vega Zone at CV13:\n   \n31.2 m at 3.35% Li2O, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/patriot-drills-31-2-m-220000301.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/patriot-drills-31-2-m-220000301.html","article_id":"2490840714","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/NrWvgnxg24wwcFaR1EfBhg--~B/aD0zMDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/prnewswire.com/2f3bad0d2a62952e4450870873f03bf0"],"rights":{"source":"yahoofinance_au","url":"https://finance.yahoo.com/news/patriot-drills-31-2-m-220000301.html","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2490840714","pubTimestamp":1733954400,"columns":[],"sourceInfo":{"source_id":"yahoofinance_au","name":"Yahoo Finance AU"},"weMediaInfo":null,"summary":"VANCOUVER, BC, Dec. 11, 2024 /PRNewswire/ - December 12, 2024 – Sydney, Australia. Recent drilling significantly expands the high-grade Vega Zone at CV13:. Includes a 0.9 m sample at 7.11% Li2O, the highest-grade core sample collected from the Property to date.\"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.The Property hosts a consolidated  Mineral Resource Estimate[1]  of 80.1Mt 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 Spodume","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Patriot在CV13钻探31.2 m，含3.35%Li2O，其中4.7 m，含5.37%Li2O，显着扩大了高品位Vega区域","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PMETF":1,"PMT.AU":0.9},"content_text":"VANCOUVER, BC, Dec. 11, 2024 /PRNewswire/ - December 12, 2024 – Sydney, Australia\n\n  Highlights\n \n\nRecent drilling significantly expands the high-grade Vega Zone at CV13:\n   \n31.2 m at 3.35% Li2O, including 4.7 m at 5.37% Li2O (CV24-747).\n31.8 m at 2.07% Li2O, including 11.7 m at 3.47% Li2O (CV24-773).\n     \nIncludes a 0.9 m sample at 7.11% Li2O, the highest-grade core sample collected from the Property to date.\n\n35.7 m at 1.65% Li2O, including 28.3 m at 2.05% Li2O (CV24-582).\n33.0 m at 2.02% Li2O, including 4.6 m at 4.19% Li2O (CV24-754).\n29.2 m at 2.05% Li2O, including 14.3 m at 3.09% Li2O (CV24-761).\n\nVega Zone remains open in multiple directions.\nThe Vega Zone is coincident with an 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.\n   \nThis association significantly enhances the prospectivity between CV13 and CV12.\n\nMineralization continues to be characterized by very large spodumene crystals.\nResults 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.\n\nDarren 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.\n\"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. \nPatriot 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.\nThe Property hosts a consolidated (CV5 & CV13) Mineral Resource Estimate[1] (\"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.\nThe 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:\n\n31.2 m at 3.35% Li2O, including 4.7 m at 5.37% Li2O (CV24-747).\n31.8 m at 2.07% Li2O, including 11.7 m at 3.47% Li2O (CV24-773).\n35.7 m at 1.65% Li2O, including 28.3 m at 2.05% Li2O (CV24-582).\n33.0 m at 2.02% Li2O, including 4.6 m at 4.19% Li2O (CV24-754).\n29.2 m at 2.05% Li2O, including 14.3 m at 3.09% Li2O (CV24-761).\n\nThe 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 Property (both at CV13) to exceed 7% Li2O. 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.\nAdditionally, the 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).\nAll 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.\nThis 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 MRE1 (see news release dated August 5, 2024).\n\n\n\n\n___________________________ \n\n\n1  Shaakichiuwaanaan (CV5 & CV13) Mineral Resource Estimate (80.1 Mt at 1.44% Li2O and 163 ppm Ta2O5 Indicated, and 62.5 Mt at 1.31% Li2O and 147 ppm Ta2O5 ppm Inferred) is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.80% Li2O (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. \n\n\n\n\nThe 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.\n\n\n\n\n\n\n\n\n\n\n\n\nIn 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.\nApart 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. \n\n\n\n\n\n\nCore 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.\n\n\n\n\n\n\n\n  Quality Assurance / Quality Control (QAQC)\n \nA Quality Assurance / Quality Control protocol following industry best practices was incorporated into the program and included systematic insertion of quartz blanks and certified reference materials into sample batches at a rate of approximately 5% each. Additionally, analysis of pulp-split sample duplicates was completed to assess analytical precision, and external (secondary) laboratory pulp-split duplicates were prepared at the primary lab for subsequent check analysis and validation.\nAll core samples collected were shipped to SGS Canada's laboratory in Val-d'Or, QC, or Radisson, QC, for sample preparation (code PRP90 special) which includes drying at 105°C, crush to 90% passing 2 mm, riffle split 250 g, and pulverize 85% passing 75 microns. The pulps were shipped by air to SGS Canada's laboratory in Burnaby, BC, where the samples were homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (codes GE_ICP91A50 and GE_IMS91A50).\n\n  Qualified/Competent Person\n \nThe information in this news release that relates to exploration results for the Shaakichiuwaanaan Property is based on, and fairly represents, information compiled by Mr. Darren L. Smith, M.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and member in good standing with the Ordre des Géologues du Québec (Geologist Permit number 01968), and with the Association of Professional Engineers and Geoscientists of Alberta (member number 87868). Mr. Smith has reviewed and approved the technical information in this news release.\nMr. Smith is an Executive and Vice President of Exploration for Patriot Battery Metals Inc. and holds common shares and options in the Company.\nMr. 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 Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code). 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.\n\n  About Patriot Battery Metals Inc.\n \nPatriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district-scale 100%-owned Shaakichiuwaanaan Property (formerly known as Corvette) located in the Eeyou Istchee James Bay region of Quebec, Canada, which is accessible year-round by all-season road and is proximal to regional powerline infrastructure. The Shaakichiuwaanaan Mineral Resource[2], which includes the CV5 & CV13 spodumene pegmatites, totals 80.1 Mt at 1.44% Li2O Indicated, and 62.5 Mt at 1.31% Li2O Inferred, and ranks as the largest lithium pegmatite resource in the Americas, and the 8th largest lithium pegmatite resource in the world.\n\n\n\n\n__________________________________ \n\n\n2  Shaakichiuwaanaan (CV5 & CV13) Mineral Resource Estimate (80.1 Mt at 1.44% Li2O and 163 ppm Ta2O5 Indicated, and 62.5 Mt at 1.31% Li2O and 147 ppm Ta2O5 ppm Inferred) is reported at a cut-off grade of 0.40% Li2O (open-pit), 0.60% Li2O (underground CV5), and 0.80% Li2O (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. \n\n\n\n\nA Preliminary Economic Assessment (\"PEA\") was announced for the CV5 Pegmatite August 21, 2024, and highlights it as a potential North American Lithium Raw Materials Powerhouse. The PEA outlines the potential for a competitive and globally significant high-grade lithium project targeting up to ~800 ktpa spodumene concentrate using a simple Dense Media Separation (\"DMS) only process flowsheet.\nFor further information, please contact us at info@patriotbatterymetals.com 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.sedarplus.ca and www.asx.com.au, for available exploration data.\nThis news release has been approved by the Board of Directors.\n\"KEN BRINSDEN\"                                         \nKenneth Brinsden, President, CEO, & Managing Director\n\n  Disclaimer for Forward-looking Information\n \nThis news release contains \"forward-looking information\" or \"forward-looking statements\" within the meaning of applicable securities laws and other statements that are not historical facts. Forward-looking statements are included to provide information about management's current expectations and plans that allows investors and others to have a better understanding of the Company's business plans and financial performance and condition.\nAll statements, other than statements of historical fact included in this news release, regarding the Company's strategy, future operations, technical assessments, prospects, plans and objectives of management are forward-looking statements that involve risks and uncertainties. Forward-looking statements are typically identified by words such as \"plan\", \"expect\", \"estimate\", \"intend\", \"anticipate\", \"believe\", or variations of such words and phrases or statements that certain actions, events or results \"may\", \"could\", \"would\", \"might\" or \"will\" be taken, occur or be achieved. Forward-looking statements in this release include, but are not limited to, statements on the Feasibility Study, including the timing of its release and the content thereof, prospectivity for, and potential existence of, structural geological corridors coincident with the high-grade Vega Zone (CV 13) at the CV 8 and CV 12 pegmatites and the realization of the ~800ktpa spodumene concentrate production target.\nForward-looking information is based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such information or statements. There can be no assurance that such information or statements will prove to be accurate. Key assumptions upon which the Company's forward-looking information is based include, without limitation, that proposed exploration and mineral resource estimate work on the Property will continue as expected, the accuracy of reserve and resource estimates, the classification of resources between inferred and the assumptions on which the reserve and resource estimates are based, long-term demand for spodumene supply, and that exploration and development results continue to support management's current plans for Property development and expectations for the Project.\nReaders are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Forward-looking statements are also subject to risks and uncertainties facing the Company's business, any of which could have a material adverse effect on the Company's business, financial condition, results of operations and growth prospects. Some of the risks the Company faces and the uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others, the ability to execute on plans relating to the Company's Project, including the timing thereof. In addition, readers are directed to carefully review the detailed risk discussion in the Company's most recent Annual Information Form filed on SEDAR+, which discussion is incorporated by reference in this news release, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations.\nAlthough the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, these risks are not exhaustive; however, they should be considered carefully. If any of these risks or uncertainties materialize, actual results may vary materially from those anticipated in the forward-looking statements found herein. Due to the risks, uncertainties and assumptions inherent in forward-looking statements, readers should not place undue reliance on forward-looking statements.\nForward-looking statements contained herein are presented for the purpose of assisting investors in understanding the Company's business plans, financial performance and condition and may not be appropriate for other purposes.\nThe forward-looking statements contained herein are made only as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements.\n\n  Competent Person Statement (ASX Listing Rule 5.23)\n \nThe mineral resource estimate in this release was reported by the Company in accordance with ASX Listing Rule 5.8 on August 5, 2024. The Company confirms that, as of the date of this announcement, it is not aware of any new information or data verified by the competent person that materially affects the information included in the announcement and that all material assumptions and technical parameters underpinning the estimates in the announcement continue to apply and have not materially changed. The Company confirms that, as at the date of this announcement, the form and context in which the competent person's findings are presented have not been materially modified from the original market announcement. \nThe production target referred to in this release was reported by the Company in accordance with ASX Listing Rule 5.16 on August 21, 2024. The Company confirms that, as of the date of this announcement, all material assumptions and technical parameters underpinning the production target in the original announcement continue to apply and have not materially changed.\n\n  Appendix 1 – JORC Code 2012 Table 1 (ASX Listing Rule 5.7.1)\n \n\n  Section 1 – Sampling Techniques and Data\n \n\n\n\n\nCriteria \nJORC Code explanation \nCommentary \n\n\nSampling techniques \n\n\n Nature and quality of sampling (eg cut channels, random chips, or specific specialized 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.\n Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.\n Aspects of the determination of mineralization that are Material to the Public Report.\n 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 pulverized to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralization types (eg submarine nodules) may warrant disclosure of detailed information.\n \n\n\n Core sampling protocols meet industry standard practices.\n 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 to 3 m of sampling into the adjacent host rock (dependent on pegmatite interval length) to \"bookend\" the sampled pegmatite. \n The minimum individual sample length is typically 0.5 m and the maximum sample length is typically 2.0 m. Targeted individual pegmatite sample lengths are 1.0 to 1.5 m.\n 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. \n Core samples collected from drill holes were shipped to SGS Canada's laboratory in Val-d'Or, QC, or Radisson, QC, for sample preparation (code PRP90 special) which included drying at 105°C, crush to 90% passing 2 mm, riffle split 250 g, and pulverize 85% passing 75 microns. Core sample pulps were shipped by air to SGS Canada's laboratory in Burnaby, BC, where the samples were homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (codes GE_ICP91A50 and GE_IMS91A50).\n \n\n\nDrilling techniques \n\n\n Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).\n \n\n\n All holes are NQ size core diamond drilling. Core was not oriented.\n \n\n\nDrill sample recovery \n\n\n Method of recording and assessing core and chip sample recoveries and results assessed.\n Measures taken to maximize sample recovery and ensure representative nature of the samples.\n Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.\n \n\n\n All drill core was geotechnically logged following industry standard practices, and include TCR, RQD, ISRM, and Q-Method. Core recovery is very good and typically exceeds 90%.\n \n\n\nLogging \n\n\n Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.\n Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.\n The total length and percentage of the relevant intersections logged.\n \n\n\n Upon receipt at the core shack, all drill core is pieced together, oriented to maximum foliation, metre marked, geotechnically logged (including structure), alteration logged, geologically logged, and sample logged on an individual sample basis. Core box photos are also collected of all core drilled, regardless of perceived mineralization. Specific gravity measurements of pegmatite are also collected at systematic intervals for all pegmatite drill core using the water immersion method, as well as select host rock drill core. \n The logging is qualitative by nature, and includes estimates of spodumene grain size, inclusions, and model mineral estimates. \n These logging practices meet or exceed current industry standard practices.\n \n\n\nSub-sampling techniques and sample preparation \n\n\n If core, whether cut or sawn and whether quarter, half or all core taken.\n If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.\n For all sample types, the nature, quality and appropriateness of the sample preparation technique.\n Quality control procedures adopted for all sub-sampling stages to maximize representivity of samples.\n Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.\n Whether sample sizes are appropriate to the grain size of the material being sampled.\n \n\n\n Drill core sampling follows industry best practices. Drill core was saw-cut with half-core sent for geochemical analysis and half-core remaining in the box for reference. The same side of the core was sampled to maintain representativeness. \n Sample sizes are appropriate for the material being assayed.\n A Quality Assurance / Quality Control (QAQC) protocol following industry best practices was incorporated into the program and included systematic insertion of quartz blanks and certified reference materials (CRMs) into sample batches at a rate of approximately 5% each. Additionally, analysis of pulp-split duplicates was completed to assess analytical precision, and external (secondary) laboratory pulp-split duplicates were prepared at the primary lab for subsequent check analysis and validation at a secondary lab.\n All protocols employed are considered appropriate for the sample type and nature of mineralization and are considered the optimal approach for maintaining representativeness in sampling.\n \n\n\nQuality of assay data and laboratory tests \n\n\n The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.\n For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.\n Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.\n \n\n\n Core samples collected from drill holes were shipped either to SGS Canada's laboratory in Val-d'Or, QC, or Radisson, QC for standard sample preparation (code PRP90 special) which included drying at 105°C, crush to 90% passing 2 mm, riffle split 250 g, and pulverize 85% passing 75 microns. Core sample pulps were shipped by air to SGS Canada's laboratory in Burnaby, BC, where the samples were homogenized and subsequently analyzed for multi-element (including Li and Ta) using sodium peroxide fusion with ICP-AES/MS finish (codes GE_ICP91A50 and GE_IMS91A50).\n The Company relies on both its internal QAQC protocols (systematic use of blanks, certified reference materials, and external checks), as well as the laboratory's internal QAQC. \n All protocols employed are considered appropriate for the sample type and nature of mineralization and are considered the optimal approach for maintaining representativeness in sampling.\n \n\n\nVerification of sampling and assaying \n\n\n The verification of significant intersections by either independent or alternative company personnel.\n The use of twinned holes.\n Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.\n Discuss any adjustment to assay data.\n \n\n\n Intervals are reviewed and compiled by the VP Exploration and Project Managers prior to disclosure, including a review of the Company's internal QAQC sample analytical data.\n Data capture utilizes MX Deposit software whereby core logging data is entered directly into the software for storage, including direct import of laboratory analytical certificates as they are received. The Company employs various on-site and post QAQC protocols to ensure data integrity and accuracy. \n Adjustments to data include reporting lithium and tantalum in their oxide forms, as it is reported in elemental form in the assay certificates. Formulas used are Li2O = Li x 2.153, and Ta2O5 = Ta x 1.221.\n \n\n\nLocation of data points \n\n\n Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.\n Specification of the grid system used.\n Quality and adequacy of topographic control.\n \n\n\n Each drill hole's collar has been surveyed with a RTK Trimble Zephyr 3.\n The coordinate system used is UTM NAD83 Zone 18.\n The Company completed a property-wide LiDAR and orthophoto survey in August 2022, which provides high-quality topographic control.\n The quality and accuracy of the topographic controls are considered adequate for advanced stage exploration and development, including mineral resource estimation.\n \n\n\nData spacing and distribution \n\n\n Data spacing for reporting of Exploration Results.\n Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.\n Whether sample compositing has been applied.\n \n\n\n At CV5, drill hole collar spacing is dominantly grid based. Several collars are typically completed from the same pad at varied orientations targeting pegmatite pierce points of ~50 (Indicated) to 100 m (Inferred) spacing.\n At CV13, drill hole spacing is a mix of grid based and fan based from the same pad, targetting ~100 m pegmatite pierce points; therefore, collar locations and hole orientations may vary widely, which reflect the varied orientation of the pegmatite body along strike. \n At CV9, drill hole collar spacing is irregular with varied hole orientations and multiple collars on the same pad.\n It is interpreted that the large majority of the drill hole spacing at each pegmatite is sufficient to support a mineral resource estimate.\n Core sample lengths typically range from 0.5 to 2.0 m and average ~1.0 to 1.5 m. Sampling is continuous within all pegmatite encountered in the drill hole. \n \n\n\nOrientation of data in relation to geological structure \n\n\n Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.\n If the relationship between the drilling orientation and the orientation of key mineralized structures is considered to have introduced a sampling bias, this should be assessed and reported if material.\n \n\n\n No sampling bias is anticipated based on structure within the mineralized body. \n The principal mineralized bodies are relatively undeformed and very competent, although have some meaningful structural control. \n At CV5, the principal mineralized body and adjacent lenses are steeply dipping resulting in oblique angles of intersection with true widths varying based on drill hole angle and orientation of pegmatite at that particular intersection point. i.e., the dip of the mineralized pegmatite body has variations in a vertical sense and along strike, so the true widths are not always apparent until several holes have been drilled (at the appropriate spacing) in any particular drill-fence.\n At CV13, the principal pegmatite body has a shallow varied strike and northerly dip.\n At CV9, the orientation and geometry of the pegmatite is not well understood. The pegmatite is currently interpreted to be comprised of a single principal dyke, which outcrops at surface, has a steep northerly dip, and is moderately plunging to the east-southeast. \n \n\n\nSample security \n\n\n The measures taken to ensure sample security.\n \n\n\n Samples were collected by Company staff or its consultants following specific protocols governing sample collection and handling. Core samples were bagged, placed in large supersacs for added security, palleted, and shipped directly to Val-d'Or, QC, or Radisson, QC, being tracked during shipment along with Chain of Custody. Upon arrival at the laboratory, the samples were cross-referenced with the shipping manifest to confirm all samples were accounted for. At the laboratory, sample bags are evaluated for tampering.\n \n\n\nAudits or reviews \n\n\n The results of any audits or reviews of sampling techniques and data.\n \n\n\n A review of the sample procedures through the Company's 2024 winter drill program (through CV24-526) was completed by an independent Competent Person with respect to the Shaakichiuwaanaan's Mineral Resource Estimate (CV5 & CV13 pegmatites) and deemed adequate and acceptable to industry best practices (discussed in a technical report titled \"NI 43–101 Technical Report, Preliminary Economic Assessment for the Shaakichiuwaanaan Project, James Bay Region, Quebec, Canada\" by Todd McCracken, P.Geo., Hugo Latulippe, P.Eng., Shane Ghouralal, P.Eng., MBA, and Luciano Piciacchia, P.Eng., Ph.D., of BBA Engineering Ltd., Ryan Cunningham, M.Eng., P.Eng., of Primero Group Americas Inc., and Nathalie Fortin, P.Eng., M.Env., of WSP Canada Inc., Effective Date of August 21, 2024, and Issue Date of September 12, 2024.\n Additionally, the Company continually reviews and evaluates its procedures in order to optimize and ensure compliance at all levels of sample data collection and handling.\n \n\n\n\n\n\n  Section 2 – Reporting of Exploration Results\n \n\n\n\n\nCriteria \nJORC Code explanation \nCommentary \n\n\nMineral tenement and land tenure status \n\n\n Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.\n The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.\n \n\n\n The Shaakichiuwaanaan Property (formerly called \"Corvette\") is comprised of 463 CDC claims located in the James Bay Region of Quebec, with Lithium Innova Inc. (wholly owned subsidiary of Patriot Battery Metals Inc.) being the registered title holder for all of the claims. The northern border of the Property's primary claim block is located within approximately 6 km to the south of the Trans-Taiga Road and powerline infrastructure corridor. \n The CV5 Spodumene Pegmatite is accessible year-round by all-season road is situated approximately 13.5 km south of the regional and all–weather Trans-Taiga Road and powerline infrastructure. The CV13 and CV9 spodumene pegmatites are located approximately 3 km west-southwest and 14 km west of CV5, respectively.\n The Company holds 100% interest in the Property subject to various royalty obligations depending on original acquisition agreements. DG Resources Management holds a 2% NSR (no buyback) on 76 claims, D.B.A. Canadian Mining House holds a 2% NSR on 50 claims (half buyback for $2M), Osisko Gold Royalties holds a sliding scale NSR of 1.5-3.5% on precious metals, and 2% on all other products, over 111 claims, and Azimut Exploration holds 2% on NSR on 39 claims. \n The Property does not overlap any atypically sensitive environmental areas or parks, or historical sites to the knowledge of the Company. There are no known hinderances to operating at the Property, apart from the goose harvesting season (typically mid-April to mid-May) where the communities request helicopter flying not be completed, and potentially wildfires depending on the season, scale, and location. \n Claim expiry dates range from February 2025 to November 2026. \n \n\n\nExploration done by other parties \n\n\n Acknowledgment and appraisal of exploration by other parties.\n \n\n\n No core assay results from other parties are disclosed herein. \n The most recent independent Property review was a technical report titled \"NI 43–101 Technical Report, Preliminary Economic Assessment for the Shaakichiuwaanaan Project, James Bay Region, Quebec, Canada\" by Todd McCracken, P.Geo., Hugo Latulippe, P.Eng., Shane Ghouralal, P.Eng., MBA, and Luciano Piciacchia, P.Eng., Ph.D., of BBA Engineering Ltd., Ryan Cunningham, M.Eng., P.Eng., of Primero Group Americas Inc., and Nathalie Fortin, P.Eng., M.Env., of WSP Canada Inc., Effective Date of August 21, 2024, and Issue Date of September 12, 2024.\n \n\n\nGeology \n\n\n Deposit type, geological setting and style of mineralization.\n \n\n\n The Property overlies a large portion of the Lac Guyer Greenstone Belt, considered part of the larger La Grande River Greenstone Belt and is dominated by volcanic rocks metamorphosed to amphibolite facies. The claim block is dominantly host to rocks of the Guyer Group (amphibolite, iron formation, intermediate to mafic volcanics, peridotite, pyroxenite, komatiite, as well as felsic volcanics). The amphibolite rocks that trend east-west (generally steeply south dipping) through this region are bordered to the north by the Magin Formation (conglomerate and wacke) and to the south by an assemblage of tonalite, granodiorite, and diorite, in addition to metasediments of the Marbot Group (conglomerate, wacke). Several regional-scale Proterozoic gabbroic dykes also cut through portions of the Property (Lac Spirt Dykes, Senneterre Dykes).\n The geological setting is prospective for gold, silver, base metals, platinum group elements, and lithium over several different deposit styles including orogenic gold (Au), volcanogenic massive sulfide (Cu, Au, Ag), komatiite-ultramafic (Au, Ag, PGE, Ni, Cu, Co), and pegmatite (Li, Ta). \n Exploration of the Property has outlined three primary mineral exploration trends crossing dominantly east-west over large portions of the Property – Golden Trend (gold), Maven Trend (copper, gold, silver), and CV Trend (lithium, tantalum). The CV5 and CV13 spodumene pegmatites are situated within the CV Trend. Lithium mineralization at the Property, including at CV5, CV13, and CV9, is observed to occur within quartz-feldspar pegmatite, which may be exposed at surface as high relief 'whale-back' landforms. The pegmatite is often very coarse-grained and off-white in appearance, with darker sections commonly composed of mica and smoky quartz, and occasional tourmaline. \n The lithium pegmatites at Shaakichiuwaanaan are categorized as LCT Pegmatites. Core assays and ongoing mineralogical studies, coupled with field mineral identification and assays, indicate spodumene as the dominant lithium-bearing mineral on the Property, with no significant petalite, lepidolite, lithium-phosphate minerals, or apatite present. The spodumene crystal size of the pegmatites is typically decimetre scale, and therefore, very large. The pegmatites also carry significant tantalum values with tantalite indicated to be the mineral phase.\n \n\n\nDrill hole Information \n\n\n A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:\n\neasting and northing of the drill hole collar\nelevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar\ndip and azimuth of the hole\ndown hole length and interception depth\nhole length.\n\n If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.\n \n\n\n Drill hole attribute information is included in a table herein.\n Pegmatite intersections of <2 m are not typically presented as they are considered insignificant. \n \n\n\nData aggregation methods \n\n\n In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.\n Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.\n The assumptions used for any reporting of metal equivalent values should be clearly stated.\n \n\n\n Length weighted averages were used to calculate grade over width.\n No specific grade cap or cut-off was used during grade width calculations. The lithium and tantalum length weighted average grade of the entire pegmatite interval is calculated for all pegmatite intervals over 2 m core length, as well as higher grade zones at the discretion of the geologist. Pegmatites have inconsistent mineralization by nature, resulting in some intervals having a small number of poorly mineralized samples included in the calculation. Non-pegmatite internal dilution is limited to typically <3 m where relevant and intervals indicated when assays are reported.\n No metal equivalents have been reported.\n \n\n\nRelationship between mineralization widths and intercept lengths \n\n\n These relationships are particularly important in the reporting of Exploration Results.\n If the geometry of the mineralization with respect to the drill hole angle is known, its nature should be reported.\n If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').\n \n\n\n At CV5, geological modelling is ongoing on a hole-by-hole basis and as assays are received. However, current interpretation supports a principal, large pegmatite body of near vertical to steeply dipping orientation, flanked by several subordinate pegmatite lenses (collectively, the 'CV5 Spodumene Pegmatite')\n At CV13, geological modelling is ongoing on a hole-by-hole basis and as assays are received. However, current interpretation supports a series of sub-parallel trending sills with a flat-lying to shallow northerly dip (collectively, the 'CV13 Spodumene Pegmatite')\n At CV9, geological modelling is ongoing on a hole-by-hole basis and as assays are received. However, current interpretation indicates CV9 is comprised of a single principal dyke, which outcrops at surface, has a steep northerly dip, and is moderately plunging to the east-southeast. A strike length of 450 m has been delineated through drilling and outcrop. \n All reported widths are core length. True widths are not calculated for each hole due to the relatively wide drill spacing at varied orientations at this stage of delineation and the typical irregular nature of pegmatite, as well as the varied drill hole orientations. As such, true widths may vary widely from hole to hole. \n \n\n\nDiagrams \n\n\n Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.\n \n\n\n Please refer to the figures included herein as well as those posted on the Company's website.\n \n\n\nBalanced reporting \n\n\n Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.\n \n\n\n Please refer to the table(s) included herein as well as those posted on the Company's website. \n Results for pegmatite intervals <2 m are not reported. \n \n\n\nOther substantive exploration data \n\n\n Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.\n \n\n\n The Company is currently completing site environmental work over the CV5 and CV13 pegmatite area. \n The Company has completed a bathymetric survey over the shallow glacial lake which overlies a portion of the CV5 Spodumene Pegmatite. The lake depth ranges from <2 m to approximately 18 m, although the majority of the CV5 Spodumene Pegmatite, as delineated to date, is overlain by typically <2 to 10 m of water. \n The Company has completed significant metallurgical testing comprised of HLS and magnetic testing, which has produced 6+% Li2O spodumene concentrates at >70% recovery on both CV5 and CV13 pegmatite material, indicating DMS as a viable primary process approach, and that both CV5 and CV13 could potentially feed the same process plant. A DMS test on CV5 Spodumene Pegmatite material returned a spodumene concentrate grading 5.8% Li2O at 79% recovery, strongly indicating potential for a DMS only operation to be applicable. Additionally, a more expansive DMS pilot program has been completed, including with non-pegmatite dilution, and has produced results in line with prior testwork. \n Various mandates required for advancing the Project towards Feasibility have been initiated, including but not limited to, environmental baseline, metallurgy, geomechanics, hydrogeology, hydrology, stakeholder engagement, geochemical characterization, as well as mining, transportation, and logistical studies.\n \n\n\nFurther work \n\n\n The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).\n Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.\n \n\n\n The Company intends to continue drilling the pegmatites of the Shaakichiuwaanaan Property, focused on the CV5 Pegmatite and adjacent subordinate lenses, as well as the CV13 Pegmatite. A follow-up drill program at the CV9 Spodumene Pegmatite is also anticipated. \n \n\n\n\n\n\n\n View original content to download multimedia:https://www.prnewswire.com/news-releases/patriot-drills-31-2-m-at-3-35-li2o-at-cv13-including-4-7-m-at-5-37-li2o-significantly-expanding-the-high-grade-vega-zone-302329469.html\nSOURCE Patriot Battery Metals Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}