- CF21-003 – 1.25% Li2O and 194 ppm Ta2O5, over 58.1 m (from 23.0 m to 81.1 m), including,
- 1.80% Li2O and 264 ppm Ta2O5 over 33.0 m (from 27.0 m to 60.0 m)
- CF21-004 – 0.64% Li2O and 223 ppm Ta2O5 over 63.6 m (from 38.0 m to 101.6 m), including
- 1.13% Li2O and 180 ppm Ta2O5 over 30.0 m (from 41.0 m to 71.0 m), including,
- 1.69% Li2O and 210 ppm Ta2O5 over 10.0 m (from 41.0 m to 51.0 m)
The third drill hole of the program (CF21-003) was collared approximately 20 m from the CV5 Pegmatite outcrop, on its north side. As the first two drill holes (CF21-001 and 002), collared on the southside of CV5, indicated the pegmatite had a conformable strike; however, a non-conformable dip to the local geological fabric, the third hole was designed to constrain the dip direction at this location. Drill hole CF21-003 returned a well mineralized pegmatite interval assaying 1.25% Li2O and 194 ppm Ta2O5 over 58.1 m, including 1.80% Li2O and 264 ppm Ta2O5 over 33.0 m. The drill hole indicates a moderate to steep dip to the north-northwest at this location, and infers a true width of the pegmatite to approximate 60 m. However, additional drilling, planned to commence this quarter (see news release dated
Table 1: Core sample assay highlights from drill holes CF21-001, 002, 003 at the CV5 Pegmatite and 004 at CV6:
https://www.globenewswire.com/NewsRoom/AttachmentNg/a9af2650-2c07-4b7f-b664-5dce0a98209c
Core sample assay highlights from drill holes CF21-001, 002, 003 at the CV5 Pegmatite and 004 at CV6
The fourth drill hole of the program (CF21-004) was collared approximately 20 m from the CV6 Pegmatite outcrop, on its south side, approximately 550 m west-southwest and along strike of drill holes CF21-001 and 003, and returned a pegmatite intersection of 63.6 m assaying 0.64% Li2O and 223 ppm Ta2O5, including 30 m at 1.13% Li2O and 180 ppm Ta2O5. With over 223 ppm Ta2O5 across the entire length of pegmatite at this location, the potential for a highly fractionated pegmatite with discrete zones of unique mineralization is implied for the CV Lithium Trend.
Geological modelling and the magnitude of drill intersections suggests that the CV5 and CV6 pegmatites are connected and may form part of a singular, larger pegmatite body. Additional drilling is required to confirm the Company’s interpretation and is a primary objective of the 2022 drill campaign (see news release dated
About the CV Lithium Trend
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, which is part of the more than 25-km long and Property-wide CV Lithium Trend. It consists of numerous spodumene pegmatite occurrences, which include the CV1, CV2, CV3, CV5, CV6, and CV7 pegmatites, highlighted by the CV5 Pegmatite – a large (~220 m long and 20-40 m wide), well-mineralized outcrop with drill intercepts of 155.1 m at 0.94% Li2O and 117 ppm Ta2O5 (CF21-002), and 58.1 m at 1.25% Li2O and 194 ppm Ta2O5 (CF21-003). Drilling indicates a pegmatite body approximating 60 m in true width, and therefore considerably larger than that observed in outcrop. 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.
Quality Assurance / Quality Control (QAQC)
A Quality Assurance / Quality Control protocol following industry best practices was incorporated into the program and included systematic insertion of quartz blanks and certified reference materials into sample batches, as well as collection of quarter-core duplicates, at a rate of approximately 5%. The Company also intends to submit approximately 4-5% of the core samples for check analysis at a secondary lab. A total of 1,766 samples, including QAQC, have been submitted for geochemical analysis to the primary lab.
All pegmatite encountered in drill holes CF21-001, 002, 003, and 004 was sampled, including ‘book-end’ sampling of adjacent rock, for a total of 613 samples including QAQC, and were shipped to
The Company notes that it carried out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic, and successfully navigated the process to enter the
Figure 1: Aerial view of the CV5-6 pegmatites, looking north-west
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Figure 2: Preliminary cross-section of drill holes CF21-001 and 003
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Figure 3: Drill hole locations – CV5-6 pegmatites
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About
The Company’s flagship asset is the Corvette-FCI Property which includes the wholly owned Corvette claim block, and the FCI East and West claim blocks held under Option from O3 Mining Inc., located in the
The Company also holds the Freeman Creek Property in
The Company’s other assets include 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
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,
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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
Table 1
Core sample assay highlights from drill holes CF21-001, 002, 003 at the CV5 Pegmatite and 004 at CV6
Figure 1
Aerial view of the CV5-6 pegmatites, looking north-west
Figure 2
Preliminary cross-section of drill holes CF21-001 and 003
Figure 3
Drill hole locations – CV5-6 pegmatites
2022 GlobeNewswire, Inc., source