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Patriot Battery Metals Inc. is a hard-rock lithium exploration company focusing on advancing its Corvette Property in Quebec, Canada. The company recently announced core assay results for drill holes completed in 2024 and an acquisition to expand its land position. With a maiden mineral resource estimate of 109.2 Mt at 1.42% Li2O inferred, the CV5 Spodumene Pegmatite is central to their operations. The company's winter drill programs unearthed a new high-grade zone at the CV13 Spodumene Pegmatite, known as the Vega Zone, and core assay results indicate impressive lithium grades and continuity in the area. Patriot Battery Metals remains committed to further exploration and resource expansion throughout the Corvette Project.
Patriot Battery Metals Inc. expands its land position at the Corvette Property through the acquisition of a proximal claim block from Azimut Exploration Inc. The acquisition includes 39 claims located in Quebec, enhancing the company's exploration potential for lithium, cesium, and tantalum. The deal involves a cash payment of $500,000, issuance of 150,000 common shares to Azimut, and a 2% net smelter returns royalty interest. The completion is pending TSX approval.
Patriot Battery Metals Inc. reports strong lithium mineralization results from CV5 at Corvette, with wide intervals and high Li2O grades. The 2024 winter drill program aimed to upgrade mineral resource confidence from inferred to indicated category. An updated mineral resource estimate is scheduled for Q3 2024.
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