Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. CANADIAN NATIONAL STOCK EXCHANGE
  5. Patriot Battery Metals Inc.
  6. News
  7. Summary
    PMET   CA70337R1073

PATRIOT BATTERY METALS INC.

(PMET)
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Patriot Battery Metals Announces Mobilization of Drill Rig to the Corvette-FCI Property, James Bay Region, Quebec, Canada

09/16/2021 | 11:53am EDT

Patriot Battery Metals Inc. announced that it has mobilized the drill rig to commence the inaugural drill program at the company's Corvette-FCI Property (the "Property"), located in the James Bay Region of Quebec. 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. 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 1/3rd of the drill meterage is expected to target the CV Lithium Trend and the remaining 2/3rd focused on the Maven Cu-Au-Ag Trend. The Company has engaged Forage Fusion Drilling Ltd. of Hawkesbury, ON, to carry out the diamond drilling with the program being managed by Dahrouge Geological Consulting Ltd. of Edmonton, AB. The Maven-Cu-Au-Ag Trend hosts numerous mineralized showings and prospects over a more than 10 km long corridor across the Property. Surface sample assay highlights include: 3.63% Cu, 0.64 g/t Au, and 52.3 g/t Ag (Elsass); 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag (Lorraine); 3.28% Cu, 0.78 g/t Au, and 30.1 g/t Ag (Hund); 3.36% Cu, 0.82 g/t Au, 38.4 g/t Ag (Tyrone-T9) and 1.75% Cu, 1.47 g/t Au, and 40.5 g/t Ag (Lac Smokycat-SO). The Company recently completed an IP-resistivity geophysical survey over the core area of the Maven Trend as a final exploration tool to refine initial drill hole targets. A final reporting and interpretation of this data is anticipated shortly. The dominant rock type along the Maven Trend is amphibolite with a chalcopyrite - quartz ± pyrrhotite accessory mineral assemblage. The chalcopyrite is often associated with quartz and is present as disseminations within quartz veins, or as semi-massive veinlets. The Maven Trend has never been drill tested. 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 CV Lithium Trend, including the CV5 pegmatite, has never been drill tested. Upon completion of the planned 2021 work programs, the company expects to have earned a 50% interest in the FCI East and West claim blocks from O3 Mining Inc., having exceeded the minimum $2.25 million in exploration expenditures. Under the terms of the Option Agreement, the company may acquire an additional 25% interest in the FCI East and West claim blocks, for a collective 75% interest, by funding the next $2 million in exploration expenditures.


ę S&P Capital IQ 2021
All news about PATRIOT BATTERY METALS INC.
10/18PATRIOT BATTERY METALS : Provides update on the ongoing drill program at the corvette-fci ..
AQ
10/15PATRIOT BATTERY METALS : Provides Update on the Ongoing Drill Program at the Corvette-FCI ..
AQ
10/15Patriot Battery Metals Provides Update on the Ongoing Drill Program at the Corvette-FCI..
CI
10/11PATRIOT BATTERY METALS : Completes property-wide remote sensing survey and engages prospec..
AQ
10/08PATRIOT BATTERY METALS : Completes Property-wide Remote Sensing Survey and Engages Prospec..
PU
10/07PATRIOT BATTERY METALS : Stakes New Claims at Corvette FCI Project and Terminates Amalgama..
PU
10/04PATRIOT BATTERY METALS : Ships First Drill Core from the Corvette-FCI Property, James Bay ..
AQ
10/01Patriot Battery Metals Ships First Drill Core from the Corvette-FCI Property, James Bay..
GL
10/01Patriot Battery Metals Inc. Ships Core Samples for Geochemical Analysis from First Hole..
CI
09/30PATRIOT BATTERY METALS : Comments on Recent Market Activity
GL
More news
Financials
Sales 2021 - - -
Net income 2021 -0,78 M -0,63 M -0,63 M
Net cash 2021 0,11 M 0,09 M 0,09 M
P/E ratio 2021 -3,04x
Yield 2021 -
Capitalization 10,8 M 8,74 M 8,73 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 30,2%
Chart PATRIOT BATTERY METALS INC.
Duration : Period :
Patriot Battery Metals Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Managers and Directors
Adrian Lamoureux Chief Executive Officer & Director
David Blair Way President & Director
Dusan Berka Chief Financial Officer & Director
Paul Chung Independent Director
Richard Todd H. Hanas Director
Sector and Competitors
1st jan.Capi. (M$)
PATRIOT BATTERY METALS INC.0.00%9
BHP GROUP-9.95%141 967
RIO TINTO PLC-13.62%108 696
GLENCORE PLC58.76%67 409
ANGLO AMERICAN PLC16.25%47 518
GRUPO MÉXICO, S.A.B. DE C.V.12.64%36 782