Highlights
- Significant Exploration Target outlines the potential for additional tonnage at the Shaakichiuwaanaan Property (formerly known as Corvette).
- Approximately 146 to 231 Mt at 1.0 to 1.5% Li2O.
The potential quantity and grade of the Exploration Target are conceptual in nature. There has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the Exploration Target being delineated as a Mineral Resource. The Exploration Target has been determined based on the interpretation of a consolidated dataset of surface rock sample descriptions and assays, outcrop mapping and descriptions, drill hole logs and core sample assays, geophysical surveys, and remote sensing data.
- Exploration Target is in addition to (i.e., does not include) the Shaakichiuwaanaan Mineral Resource Estimate announced concurrently.
- Exploration Target only considers the CV Lithium Trend and immediately proximal areas.
- Completed by BBA Engineering Ltd., a consultant independent of the Company.
Darren L. Smith, Vice President of Exploration, comments: “This Exploration Target highlights the scale of potential remaining to be assessed by the drill bit at the Shaakichiuwaanaan Project. The Project hosts eight distinct lithium pegmatite clusters along the CV Lithium Trend, of which only three have had meaningful drill testing (CV5, CV13, and CV9) with each remaining open at depth and along strike. The potential for additional lithium pegmatite Mineral Resource the Project continues to hold, as captured by the Exploration Target, is truly remarkable on the global stage.”
Ken Brinsden, President, CEO, and Managing Director, comments: “As expected, this Exploration Target gives clear guidance to the market with respect to the untested potential present at the Shaakichiuwaanaan Project. A significant amount of drilling will be required in order to confirm the presence of mineralized pegmatite and further advance the level of confidence towards a Mineral Resource Estimate. However, the potential for further discovery of significance is clear and present.
Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce a maiden Exploration Target for its 100%-owned Shaakichiuwaanaan Property (the “Property” or “Project”) – formerly known as Corvette – located in the Eeyou Istchee James Bay region of Quebec, which is accessible year-round by all-season road and is proximal to major regional powerline infrastructure.
The Exploration Target (also known as a “Target for Further Exploration”) for the Shaakichiuwaanaan Project is approximately:
146 to 231 Mt at 1.0 to 1.5% Li2O
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