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Patriot Drills 124.9 M at 1.72% Li2O and 35.6 M at 3.78% Li2O in Final Batch of CV5 Assays Ahead of Q3 Resource Update

PR Newswire ·  Jun 25 09:51

Highlights

  • Continued strong lithium mineralization over wide intervals from infill drilling at the CV5 Deposit, within the district scale Corvette Property.
    • 124.9 m at 1.72% Li2O, including 13.4 m at 4.04% Li2O (CV24-473).
    • 135.7 m at 1.02% Li2O, including 44.7 m at 2.03% Li2O (CV24-410).
    • 112.7 m at 1.20% Li2O, including 21.7 m at 1.93% Li2O (CV24-503).
    • 116.1 m at 0.91% Li2O, including 11.8 m at 3.01% Li2O (CV24-447).
    • 95.1 m at 1.39% Li2O, including 33.3 m at 2.00% Li2O (CV24-409).
    • 93.5 m at 1.54% Li2O, and 29.2 m at 2.08% Li2O (CV24-386).
    • 91.0 m at 1.46% Li2O, including 13.3 m at 3.42% Li2O (CV24-415A).
    • 63.7 m at 2.68% Li2O, including 35.6 m at 3.78% Li2O (CV24-404).
  • The program included six drill holes completed for geomechanical purposes to support pit design.
  • The focus of the 2024 winter drilling at CV5 was to support an upgrade in Mineral Resource confidence, from the Inferred category to the Indicated category, targeting release in August 2024 inclusive of a maiden Mineral Resource for the CV13 discovery.
  • Patriot remains on track to provide a Preliminary Economic Assessment to the market based upon the updated CV5 resource, with the company targeting the September quarter 2024.
  • Results for 4,538 m (16 holes) remain to be reported from the 2024 winter drill program – all from CV13 and including multiple step-out drill holes targeting the recently discovered/announced high-grade Vega Zone.

VANCOUVER, BC, June 24, 2024 /PRNewswire/ - June 25, 2024 – Sydney, Australia

Figure 1: Drill holes completed at the CV5 Spodumene Pegmatite through April 2024. (CNW Group/Patriot Battery Metals Inc.)
Figure 2: Spodumene pegmatite in CV24-473. Core grades ~4% Li2O over interval. (CNW Group/Patriot Battery Metals Inc.)
Figure 3: Spodumene pegmatite in CV24-404. Core grades ~3.7% Li2O over interval. (CNW Group/Patriot Battery Metals Inc.)
Figure 4: Spodumene pegmatite in CV24-410. Core grades 5.24% Li2O over 2.2 m (226.5 m to 228.7 m). (CNW Group/Patriot Battery Metals Inc.)
Figure 5: Spodumene pegmatite in drill hole CV24-415A. Core grades ~3.0% Li2O over interval. (CNW Group/Patriot Battery Metals Inc.)
Table 1: Core assay summary for drill holes reported herein at the CV5 Spodumene Pegmatite. (CNW Group/Patriot Battery Metals Inc.)

Table 1: Core assay summary for drill holes reported herein at the CV5 Spodumene Pegmatite. (CNW Group/Patriot Battery Metals Inc.)
Table 1: Core assay summary for drill holes reported herein at the CV5 Spodumene Pegmatite. (CNW Group/Patriot Battery Metals Inc.)
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