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Patriot Extends Vega Zone with High-Grade Lithium Intercepts

Patriot Battery Metals Inc. (TSX:PMET) has announced significant expansion of the high-grade Vega Zone at the CV13 Spodumene Pegmatite.

Key Intercepts from Winter Drill Program

The 2024 winter drill program has revealed impressive intercepts, including:

– 51.7 m at 1.77% Li2O, including 9.7 m at 5.16% Li2O (CV24-525).
– 35.3 m at 2.40% Li2O, including 17.4 m at 3.12% Li2O (CV24-520).
– 34.8 m at 1.87% Li2O, including 19.1 m at 3.17% Li2O (CV24-524).
– 41.5 m at 2.00% Li2O, including 10.6 m at 3.50% Li2O (CV24-510).

Vega Zone Expansion

The Vega Zone is interpreted to be relatively flat-lying and near-surface, extending over an area of approximately 380 m x 220 m with a true thickness of up to 30+ m. The area remains open in several directions.

Drill Program Results

Results for all drill holes from the 2024 winter program have been reported, with 50,961 m (121 holes) at CV5 and 11,557 m (45 holes) at CV13. The Vega Zone is a target for the ongoing summer-fall drill program.

Resource Estimate Update

Patriot is on schedule for a Mineral Resource Estimate update for the Corvette Project in August 2024, encompassing both the CV5 and CV13 spodumene pegmatites.

Significant Discovery

Darren L. Smith, Patriot’s Vice President of Exploration, commented on the discoveries, emphasizing the high-grade mineralization and comparing it to the Nova Zone at CV5. Further delineation is planned as part of the summer-fall drill program.

Ongoing Exploration

Patriot is advancing its 100%-owned Corvette Property in Quebec. The CV13 Spodumene Pegmatite is located approximately 3 km west-southwest of the CV5 Pegmatite, which hosts a maiden Mineral Resource Estimate of 109.2 Mt at 1.42% Li2O Inferred.

Core Assay Highlights

Assay results from the 2024 winter program include several standout intercepts, solidifying the potential of the Vega Zone. Ongoing and future drill programs will continue to target expansions and further define the mineralized system.

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