00:27:12 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Patriot Battery Metals Inc
Symbol PMET
Shares Issued 92,848,572
Close 2023-06-02 C$ 15.95
Market Cap C$ 1,480,934,723
Recent Sedar Documents

Patriot Battery stops drilling at Corvette over fires

2023-06-05 01:57 ET - News Release

Mr. Blair Way reports

PATRIOT PROVIDES OPERATIONAL UPDATE ON THE WORK PROGRAMS AT THE CORVETTE PROPERTY, QUEBEC, CANADA

Patriot Battery Metals Inc. has provided this update on its work programs and the impact of the current forest fire situation in Quebec at the company's operations. The company commenced the 2023 summer-fall drill and surface exploration programs in late May at its wholly owned Corvette property, located in the Eeyou Istchee James Bay region of Quebec.

The 2023 summer-fall exploration includes both a drill and surface exploration program, which commenced at the property in late May. The multirig drill program is targeting further delineation of the CV5 and CV13 pegmatites, as well as drill testing of other previously identified spodumene pegmatite clusters (that is, CV4, CV8-12, CV9 and CV10). The surface program comprises mapping of the known spodumene pegmatite clusters and local trends, as well as prospecting and rock sampling across a large portion of the remaining 20-plus kilometres of prospective lithium pegmatite trend.

The recent restrictions imposed by the Quebec government, as a result of the regional forest fire situation, is directly impacting exploration operations, and, therefore, the company has temporarily ceased drilling and surface exploration field activities until the situation improves. The company continues to process drill core from holes completed at the property in May, 2023, as well as advance the exploration camp construction activities. The company is actively monitoring the situation to ensure all company activities are compliant with respective governmental decrees and to ensure the safety of personnel associated with the property. The company will provide further updates as information becomes available.

About Patriot Battery Metals Inc.

Patriot Battery is a hardrock lithium exploration company focused on advancing its district-scale 100-per-cent-owned Corvette property located in the Eeyou Istchee James Bay region of Quebec, Canada. The Corvette property is one of the largest and highest-grade hardrock lithium projects being explored, with over 50 kilometres of strike length over a 214-square-kilometre land package and over 70 lithium-bearing pegmatite outcrops identified to date.

The Corvette property is situated proximal to the all-weather Trans Taiga Road and Hydro-Quebec power line infrastructure in the Eeyou Istchee James Bay region of Quebec. The property hosts significant lithium potential highlighted by the CV5 pegmatite, which has been traced by drilling over a strike length of at least 3.7 kilometres with spodumene pegmatite encountered as deep as a 425-metre vertical depth.

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