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Patriot Battery Metals (PMET.V) has discovered a new high-grade zone at Corvette. The CV13 spodumene pegmatite trend spans an approximate 2.3 km strike length. Multiple outcrop exposures cover around 1.1 km, traced continuously by drilling.
Significant mineralization at CV5 and CV13 offers several mining starter pit options. The newly discovered high-grade zone at CV13, along with large spodumene crystals observed, supports the interpretation of a shared ‘plumbing’ system, according to Darren Smith, VP of exploration.
Corvette Property and CV5 Spodumene Pegmatite
The Corvette Property hosts the CV5 Spodumene Pegmatite. It boasts a maiden mineral resource estimate of 109.2 Mt at 1.42% LiO inferred. This ranks as the largest lithium pegmatite resource in the Americas, based on contained lithium carbonate equivalent. It also ranks among the top 10 largest lithium pegmatite resources globally.
By 10:00 a.m. EDT, shares of Patriot Battery Metals had risen 3%. The company’s market capitalization stands at C$1.39 billion ($1.01 billion).
Company Website: https://patriotbatterymetals.com
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