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Patriot Battery Metals has announced promising assay results from its second drill hole (CF21-002) at the Corvette-FCI Property in Quebec, revealing 0.94% Li2O and 117 ppm Ta2O5 over 155.1 m. This includes high-grade intervals of up to 3.91% Li2O. The drill program, which also encountered consistent results in the first hole, underlines the potential scale of the CV5 Pegmatite. The company plans to expand its drilling campaign significantly with a budget of $13M to explore more of the 25 km lithium trend.
Patriot Battery Metals (CSE: PMET, OTCQB: RGDCF) announces a 2022 exploration plan for its Corvette-FCI Property in Quebec, focusing on spodumene pegmatite delineation. The upcoming 15,000 to 20,000 m drilling campaign, split into winter/spring and summer/fall phases, targets CV5-6 pegmatite and aims to connect mineralization with CV1-2. The company remains well-funded with $11M secured for exploration and anticipates releasing pending core sample assays in the next 4-6 weeks, facilitating resource estimates by the end of 2022.
Patriot Battery Metals has increased its stake in the FCI Property to 50% under an Option Agreement with O3 Mining, aiming for a total of 75% after a $2M investment. The FCI Property consists of 111 claims (5,688 ha) adjacent to the Corvette claim block, totaling 367 claims over 18,795 ha. Recent drilling returned significant lithium assays, including a 146.8 m interval with 0.93% Li2O. The company has completed a $11M financing to accelerate development of the new lithium discovery.
Patriot Battery Metals has successfully completed a private placement of 17,973,856 units at C$0.612 per unit, raising approximately C$10.99 million. Each unit consists of a flow-through common share and a warrant valid for two years at $0.75. Proceeds will fund exploration at the Corvette-FCI project in Quebec, with expenditures renounced to subscribers by December 31, 2021. The company issued 977,778 shares and 2,156,863 broker warrants in connection with the offering. The recent drill results are anticipated to boost the company's operational outlook.
Patriot Battery Metals Inc. has announced assay results from the first drill hole of its inaugural drilling program at the Corvette-FCI Property in Quebec. The initial hole (CF21-001) targeted the CV5 Spodumene Pegmatite, revealing significant lithium grades, including 0.93% Li2O and 114 ppm Ta2O5 over 146.8 m. Highlights include intervals with higher grades of 1.09% Li2O over 73 m. President Blair Way expressed excitement over the results, anticipating further assays from additional drill holes which also indicated substantial spodumene mineralization.
Patriot Battery Metals announces the completion of its inaugural drill program at the Corvette-FCI Property in James Bay, Quebec, consisting of 15 holes totaling 2,047 meters. The drill program targets lithium-bearing pegmatites along the CV Lithium Trend and the Maven Copper-Gold-Silver Trend. Key highlights include drilling across CV5, CV6, and CV12 for lithium, and ten holes within the Maven Trend. Assay results are anticipated soon. The company has adhered to COVID-19 protocols during the program. The initiative is expected to enhance understanding of this emerging lithium district.
Patriot Battery Metals has secured a 25% interest in the FCI Property within Quebec's James Bay Region, advancing towards a potential 75% interest. This accomplishment is part of an agreement with O3 Mining and highlights the company's focus on lithium and other battery-related commodities. The ongoing drill program targets lithium and copper-gold-silver trends and is set to yield assay results in mid-late November. Patriot aims to meet a $2.25M exploration expenditure to earn 50% interest in the FCI claim blocks, with plans for an additional $2M investment for the remaining interest.
Patriot Battery Metals (CSE: PMET; OTCQB: RGDCF) has announced progress on its drill program at the Corvette-FCI Property. Four diamond drill holes, totaling approximately 758 meters, have been completed, with spodumene pegmatite encountered in each. Initial drilling targets the CV5 and CV6 trends and the Maven Trend for copper-gold-silver prospects. Surface sample highlights include assays of up to 8.15% Cu and 171 g/t Ag. The company has committed an additional $500,000 for marketing to increase investor awareness.
Patriot Battery Metals Inc. (CSE: PMET, OTCQB: RGDCF) has commenced shipping core samples for geochemical analysis from its drill program at the Corvette-FCI Property in Quebec. The initial drill hole has revealed significant pegmatite intercepts, with assay results expected by late November. This drill program includes 15-20 holes totaling about 2,000 meters, focusing primarily on lithium and copper-gold-silver trends. The CV Lithium Trend shows potential for sizable spodumene-bearing pegmatites based on previous sampling data.
