web analytics
1.2 C
Munich
Friday, December 2, 2022

Patriot Battery Metals Inc. (CSE: PMET) (OTCQB: PMETF) (FSE: R9GA) Rockets Northbound as High-Grade Lithium Discovered on its Corvette Property

Patriot Battery Metals Inc. (CSE: PMET) (OTCQB: PMETF) (FSE: R9GA) continues to rocket higher in recent trading moving up more every day and hardly ever retracing its steps. The stock has skyrocketed over 1000% in the past year as the Company makes remarkable grade Lithium discoveries in its 200 square kilometers newly discovered Corvette lithium Mine. Word is the Company most likely has discovered more than 100M tons of ore just in the Corvette lithium property alone. 

On May 24, Patriot Battery announced analytical results for CV22-017, the first hole completed by Rig #2 during the winter/spring drill program at the Company’s Corvette Property. With an end-of-hole depth of 344.7 m., the drill hole encountered pegmatite deeper than anticipated based on interpreted orientation of the CV1 Pegmatite at the time, and returned the widest high-grade lithium mineralized interval to date at 3.01% Li2O over 40.7 m within a wider zone of 2.22% Li2O over 70.1 m. The strong lithium grades were also accompanied by strong tantalum grades of 160 ppm and 147 ppm Ta2O5, respectively. In addition to returning the widest high-grade lithium mineralized interval to date from the Property – 3.01% Li2O over 40.7 m within a wider zone of 2.22% Li2O over 70.1 m – drill hole CV22-017 also returned the highest grade of lithium to date from an individual core sample at 6.35% Li2O over 0.92 m. This equates to a spodumene content in the sample of approximately 80%. Further, drill hole CV22-017 returned nine (9) samples >4% Li2O and four (4) samples >5% Li2O further demonstrating the high-grade potential the CV5-1 Pegmatite corridor has. 

Patriot Battery Metals Inc. (CSE: PMET) (OTCQB: PMETF) (FSE: R9GA) is a mineral exploration company focused on the acquisition and development of mineral properties containing battery, base, and precious metals. The Company’s flagship asset is the Corvette Property, located proximal to the Trans-Taiga Road and powerline infrastructural corridor in the James Bay Region of Québec. The Corvette Lithium Property is over 200 square kilometers of the newly discovered Corvette lithium district. The Company is aggressively advancing the Corvette Property with a 20,000 meter, two rig, drill program that commenced in March 2022. The land package hosts significant lithium potential highlighted by the CV5-1 spodumene pegmatite corridor with drill intercepts of 0.94% Li2O and 117 ppm Ta2O5 over 155.1 m (CF21-002), and 2.22% Li2O over 70.1 m, including 3.01% Li2O over 40.7 m (CV22-017). Additionally, the Property hosts the Golden Gap Trend with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drill hole, and the Maven Trend with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop. 

The Company is led by President and CEO Mr. Blair Way; an experienced international executive with over 35 years’ experience within the resources and construction industry throughout Australasia, Canada, the United States and Europe. A highly respected project developer in the most challenging of environs Mr Way’s experience spans the complete mineral development cycle from early-stage exploration to project definition and studies culminating in implementation, commissioning and operations. Mr Way has experience in a wide range of commodities including gold, copper, nickel, zinc, magnesium, graphite, cobalt and lithium. 

To Find out the inside Scoop on Patriot Battery Metals Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

PMETF

Patriot properties include the Corvette in Quebec (Lithium, Tantalu, Copper, Gold and Silver) Freeman Creek, In Idaho (Gold, Silver and Copper) Lac de Beryl in Quebec (Gold and Lithium) Hidden Lake in Northwest Territories (Lithium) Eastmain in Quebec (Lithium) Golden Silica in British Colombia (Silica) Pontax in Quebec (Lithium, Tantalum and Gold). Already listed in France, Canada and the USA, Patriot Battery is looking to get listed in Australia too on the ASX.  The Company has commenced the process to dual list Patriot Battery Metals on the ASX. Patriot already has a strong number of shareholders based out of Australia on its register so it is the logical next step for the Company to provide greater ease of access to existing and new investors. 

The Company also holds 100% ownership of the Freeman Creek Gold Property in Idaho, USA which hosts two prospective gold prospects – the Gold Dyke Prospect with a 2020 drill hole intersection of 4.11 g/t Au and 33.0 g/t Ag over 12 m, and the Carmen Creek Prospect with surface sample results including 25.5 g/t Au, 159 g/t Ag, and 9.75% Cu. The Company’s other assets include the Pontax Lithium-Gold Property, QC; and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada. 

On May 24, Patriot Battery announced analytical results for CV22-017, the first hole completed by Rig #2 during the winter/spring drill program at the Company’s wholly owned Corvette Property. Drill hole CV22-017 was designed to test the CV1 Pegmatite outcrop’s mineralization at depth and is the first drill hole to test the target, located approximately 1.1 km northeast of and on trend with the CV5 Pegmatite (Figure 1). The drill hole was collared over lake ice from the outcrop’s northside at an orientation of 158°/45°, with an end-of-hole depth of 344.7 m. The drill hole encountered pegmatite deeper than anticipated based on interpreted orientation of the CV1 Pegmatite at the time, and returned the widest high-grade lithium mineralized interval to date at 3.01% Li2O over 40.7 m within a wider zone of 2.22% Li2O over 70.1 m. The strong lithium grades were also accompanied by strong tantalum grades of 160 ppm and 147 ppm Ta2O5, respectively. In addition to returning the widest high-grade lithium mineralized interval to date from the Property – 3.01% Li2O over 40.7 m within a wider zone of 2.22% Li2O over 70.1 m – drill hole CV22-017 also returned the highest grade of lithium to date from an individual core sample at 6.35% Li2O over 0.92 m. This equates to a spodumene content in the sample of approximately 80%. Further, drill hole CV22-017 returned nine (9) samples >4% Li2O and four (4) samples >5% Li2O further demonstrating the high-grade potential the CV5-1 Pegmatite corridor has. 

For More on Patriot Battery Metals Subscribe Right Now!

Currently trading at a $200 million market valuation Patriot Battery Metals Inc. trades in France, Canada, The US and is looking to get listed in Australia too on the ASX. The stock has skyrocketed in recent months as the Company makes remarkable grade Lithium discoveries in its 200 square kilometers newly discovered Corvette lithium Mine. Word is the Company most likely has discovered more than 100M tons of ore just in the Corvette lithium property alone. We will be updating on Patriot Battery Metals when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Patriot Battery Metals.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in Patriot Battery Metals either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.