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Patriot Expands High-Grade "Vega Zone" at CV13 With Multiple Drill Intercepts

PR Newswire ·  Jun 10 19:00
Highlights
  • Significant expansion to the recently discovered high-grade zone (herein termed the "Vega Zone") at the CV13 Spodumene Pegmatite. Highlights include:
    • 33.4 m at 2.40% Li2O, including 11.1 m at 4.33% Li2O, and 17.6 m at 1.89% Li2O, including 5.6 m at 3.40% Li2O (CV24-507).
    • 43.2 m at 1.10% Li2O, including 12.9 m at 3.06% Li2O (CV24-498).
    • 27.1 m at 1.02% Li2O including 7.6 m at 2.39% Li2O (CV24-513).
    • 32.1 m at 0.78% Li2O, including 10.7 m at 2.17% Li2O (CV24-499).
  • Vega Zone is open in several directions with multiple step-out holes remaining to be reported.
    • High-grade mineralization is relatively flat-lying to shallow dipping and has now been delineated over a significant area and thickness.
  • Highest individual core sample assay reported to date at Corvette – 1.7 m at 7.01% Li2O (CV24–507, Vega Zone).
  • Along the western arm at CV13, mineralized pegmatite has been extended down-dip to over 400 m (~190 m vertical depth from surface) with intercepts including 13.5 m at 1.15% Li2O (CV24-497), and 8.6 m at 1.21% Li2O (CV24–518).
  • Results for 32,149 m (83 holes) remain to be reported from the 2024 winter drill program – 27,611 m (67 holes) at CV5, and 4,538 m (16 holes) at CV13.
  • The Vega Zone will be a key target for the upcoming summer drill program, with details of the program to be released to the market in the coming weeks.

VANCOUVER, BC, June 10, 2024 /PRNewswire/ - June 11, 2024 – Sydney, Australia

Figure 1: Drill holes completed at the CV13 Spodumene Pegmatite through April 2024. (CNW Group/Patriot Battery Metals Inc.)
Figure 2: Preliminary cross-section interpretation of the CV13 geological model at the Vega Zone. Results announced herein for drill holes CV24-498 and 507. (CNW Group/Patriot Battery Metals Inc.)
Figure 3: High-grade spodumene pegmatite drill intercept from the Vega Zone at CV13 (drill hole CV24 507), averaging approximately 3.5% Li2O over interval presented (125.3 m to 138.2 m), including 1.7 m at 7.01% Li2O – the highest grading individual core sample reported to date from Corvette. (CNW Group/Patriot Battery Metals Inc.)
Figure 4: Highly prospective lithium pegmatite corridor proximal to the CV5 and CV13 spodumene pegmatites. (CNW Group/Patriot Battery Metals Inc.)
Figure 5: Highly prospective lithium pegmatite corridor extending from the CV4 to CV12 spodumene pegmatites. (CNW Group/Patriot Battery Metals Inc.)
Figure 6: Preliminary cross-section interpretation of the CV13 geological model at the western arm. Results announced herein for drill hole CV24-497. (CNW Group/Patriot Battery Metals Inc.)

Figure 7: Spodumene pegmatite drill intercept from the drill hole CV24 497 at CV13, averaging approximately 1.3% Li2O over interval presented (156.3 m to 164.8 m). (CNW Group/Patriot Battery Metals Inc.)
Table 1: Core assay summary for drill holes reported herein at the CV13 Spodumene Pegmatite. (CNW Group/Patriot Battery Metals Inc.)
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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