Patriot Battery Metals Collars First Drill Hole on the Corvette-FCI Property, James Bay Region, Quebec, Canada

Rhea-AI Summary

Patriot Battery Metals has commenced its inaugural drill program at the Corvette-FCI Property in the James Bay Region of Quebec, collaring its first drill hole. This initiative targets the CV5-6 Spodumene Pegmatites, part of the 25 km CV Lithium Trend, and the Maven Cu-Au-Ag Trend. The drill program will consist of 15-20 holes over approximately 2,000 meters. Historical sampling shows promising mineralization, with the CV5 pegmatite averaging 3.00% Li₂O. The company has established a COVID management plan to ensure compliance during exploration.

Positive

• Commencement of first drill program at Corvette-FCI Property.
• Targets promising lithium and copper-gold-silver trends.
• Initial drilling to cover approximately 2,000 meters.
• Significant historical sampling indicates potential high-grade lithium.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / September 23, 2021 / Patriot Battery Metals Inc. (the "Company" or "Patriot") (CSE:PMET) (OTCQB:RGDCF) (FSE:R9GA) is pleased to announce it has collared the first drill hole of its inaugural drill program at the Corvette-FCI Property (the "Property"), located in the James Bay Region of Quebec (announced Sept 16, 2021). The program is focused on the CV5-6 Spodumene Pegmatites, part of the more than 25 km long CV Lithium Trend, as well as the core area of the more than 10 km long Maven Copper-Gold-Silver Trend.

Blair Way, Company President and Director, comments: "The teams on site have done a great job setting up and collaring this first drill hole so efficiently. I'm very pleased at how well organized the entire setup was, including the off-road and remote expediting services, utilizing helicopter support. The teams are doing a fantastic job and it is great seeing the core coming out of the ground. I look forward to learning more about this lithium trend over the coming weeks and the copper trend after that."

This drill program marks the first drill testing to date along these two highly prospective trends as well as the first drill program by the Company on the Property to date. This drill program will be comprised of 15 to 20 drill holes for a total of approximately 2,000 m of NQ size coring. Approximately 1/3^rd of the drill meterage is expected to target the CV Lithium Trend and the remaining 2/3^rd focused on the Maven Cu-Au-Ag Trend. Forage Fusion Drilling Ltd. of Hawkesbury, ON, is contracted to complete the diamond drilling with Dahrouge Geological Consulting Ltd. of Edmonton managing the program.

The CV Lithium Trend is an emerging spodumene pegmatite district discovered by the Company in 2017 and spans the FCI West, FCI East, and Corvette claim blocks. The core area includes an approximate 2 km long corridor of numerous spodumene pegmatite occurrences, highlighted by the CV5 Pegmatite - a large (~220 m long and 20-40 m wide), well-mineralized outcrop where eight samples collected average 3.00% Li₂O and 154 ppm Ta₂O₅, including a peak assay of 4.06% Li₂O and 564 ppm Ta₂O₅. The high number of well-mineralized pegmatites in this core area of the trend indicates a strong potential for a series of relatively closely spaced/stacked, sub-parallel, and sizable spodumene-bearing pegmatite bodies, with significant lateral and depth extent, to be present. The program's initial series of drill holes will test at depth the CV5 and CV6 spodumene pegmatites and will mark the first ever drill testing of the CV Lithium Trend to date.

The Company notes that it has developed a COVID Management Plan for the program and will carry out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec.

Qualified Person
Darren L. Smith, M.Sc., P. Geo., Vice President of Exploration for the Company and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of mineral projects containing battery, base and precious metals.

The Company's flagship assets are the wholly owned Corvette Property and the FCI Property (held under Option from O3 Mining Inc.) located in the James Bay Region of Québec, and the 100% owned Freeman Creek Gold Property, located in Idaho, USA.

The Corvette-FCI Property includes the wholly owned Corvette claim block, and the FCI East and West claim blocks held under Option from O3 Mining Inc. The claim blocks are contiguous, and host significant gold-silver-copper-PGE-lithium potential highlighted by the Golden Gap Prospect 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, the Elsass and Lorraine prospects with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop, and the CV1 Pegmatite Prospect with 2.28% Li2O over 6 m in channel.

The 100% owned Freeman Creek Gold Property hosts two major advanced targets - 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.

In addition, the Company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.

For further information, please contact us at info@patriotbatterymetals.com Tel: +1 (778) 945-2950 , or visit www.patriotbatterymetals.com.

On Behalf of the Board of Directors,
"BLAIR WAY"
Blair Way, President & Director

"ADRIAN LAMOUREUX"
Adrian Lamoureux, CEO & Director

Disclaimer for Forward-Looking Information
Statements included in this announcement, including statements concerning our plans, intentions, and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

The Canadian Securities Exchange has not approved nor disapproved the contents of this news release

SOURCE: Patriot Battery Metals Inc.

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FAQ

What is the latest news from Patriot Battery Metals (RGDCF)?

Patriot Battery Metals has started its first drill program at the Corvette-FCI Property, focusing on high-potential lithium and copper-gold-silver trends.

How many drill holes will be included in the drill program for RGDCF?

The drill program will consist of 15 to 20 holes, covering a total of approximately 2,000 meters.

What mineral trends are being explored by Patriot Battery Metals (RGDCF)?

The exploration focuses on the CV Lithium Trend and the Maven Cu-Au-Ag Trend.

What are the historical results from the CV5 pegmatite at RGDCF?

The CV5 pegmatite has shown an average of 3.00% Li2O from historical sampling.