Patriot Battery Metals Ships First Drill Core from the Corvette-FCI Property, James Bay Region, Quebec, Canada
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.
- Commencement of drilling at the Corvette-FCI Property indicates active exploration and potential resource discovery.
- Significant pegmatite intercepts reported from the first drill hole, suggesting strong mineralization.
- Assay results expected by late November, providing potential for positive market reaction.
- None.
The Company expects to receive its first set of assay results by late-November
VANCOUVER, British Columbia, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: RGDCF) (FSE: R9GA) is pleased to announce it has started shipping core samples for geochemical analysis from the first hole of its ongoing drill program at the Corvette-FCI Property (the “Property”), located in the James Bay Region of Quebec. The samples are anticipated to be received by the lab late next week and assay results expected by late-November.
Blair Way, Company President and Director, comments: “It is great to have completed our first drill hole of the program and have samples en route to the lab. The analytical labs are exceptionally busy these days, so we are processing core on site as efficiently as possible to get it into the lab’s queue. This first drill hole has delivered meaningful pegmatite intercepts and I look forward to the analytical results.”
This drill program is planned to comprise 15 to 20 drill holes for a total of approximately 2,000 m of NQ size coring. Approximately 1/3rd of the drill meterage will target the CV Lithium Trend and the remaining 2/3rd focused on the 10 km Maven Cu-Au-Ag Trend (announced Sept 16, 2021). The initial series of drill holes is targeting the CV5-6 pegmatites located on the FCI East claim block.
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
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
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
The
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
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” | “ADRIAN LAMOUREUX” |
| Blair Way, President & Director | 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
FAQ
What are the recent developments from Patriot Battery Metals (RGDCF)?
When are the assay results expected for RGDCF's drilling program?
How many drill holes are planned for the Corvette-FCI Property?
What is the focus of the drilling program at RGDCF's Corvette-FCI Property?
What is the significance of the pegmatite intercepts reported by RGDCF?
