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    PMET   CA70337R1073

PATRIOT BATTERY METALS INC.

(PMET)
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Patriot Battery Metals Inc. Commences Multiple Work Programs At the Corvette-FCI Property, James Bay Region, Quebec, Canada

08/19/2021 | 02:12pm EDT

Patriot Battery Metals Inc. announced that its has commenced an expansive exploration campaign at its The primary ojective of the exploration is to follow-up on the Elsass and Lorraine prospects discovered in 2019 along the Maven Cu-Au-Ag Trend, where surface sampling returned 3.63% Cu, 0.64 g/t Au, & 52.3 g/t Ag (Elsass) and 8.15% Cu, 1.33 g/t Au, & 171 g/t Ag (Lorraine). The field crews will further prospect and map the discoveries along strike to expand the area of known mineralization, as well as evaluate potential sites for initial drill testing. In addition, the field crews will continue to explore the CV Lithium Trend where numerous occurrances of high- grade spodumene pegmatite were discovered in previous programs. The CV8 (4.44% Li2O and 205 ppm Ta2O5), CV9 (4.72% Li2O), and CV10 (1.33% Li2O and 255 ppm Ta2O5) spodumene pegmatites, situated on the FCI West claim block, were discovered while prospecting for new gold occurrences in 2019, and therefore, the regional trend remains to be explored for lithium occurrences. The exploration in the area by the Company has led to the discovery of an emerging spodumene pegmatite district with over 25 km of prospective trend held by the Company, extending across the Corvette-FCI Property. The Company has also recently commenced an induced polarization and resistibivity (IP-Resisitivity) geophysical survey across the Maven Cu-Au-Ag Trend. IP-resistivity is a geophysical tool commonly used in gold and base metals exploration and is often effective at qualifying drill targets initially developed from surface mapping andsampling. The survey will have an n-10 configuration with 25 m stations and 100 m line spacing, and will highlight additional prospecting targets, as well as refine drill hole targeting. The Company has engaged TMC Geophysics to carry out the field survey, a leading geophysical services provider to the mineral exploration industry with its head office in Canada. The Company has also retained Dynamic Discovery Geoscience Ltd., an expert geophysical group based in Ottawa, ON, to assist with survey design and interpretation. In addition to the ground exploration programs, the Company has engaged KorrAI of Halifax, NS, to complete a remote sensing survey over a majority of the Property area. KorrAI is an advanced earth observation technology company and is using advanced satellite imagery, integrated artificial intelligence, and machine learning to identify undiscovered mineralized outcrops. KorrAI's proprietary technologies and processes fuses a variety of datasets and integrates known mineralized analogues and other internal company data to identify priority areas of interest. The exploration tool offers a cost effective and systematic approach to identifying targets for prospecting follow-up over highly prospective trends such as the Maven Copper-Gold-Silver Trend and the CV Lithium Trend present on the Property. The Company also intends to complete a tighly spaced, high-resolution heli-borne magnetic geophysical survey over the Property. The survey will improve geological interpretation and identify primary and secondary structures which may control several mineralization styles on the Property, and serve an additional layer to qualify drill targets. 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.


© 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 ..
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10/15PATRIOT BATTERY METALS : Provides Update on the Ongoing Drill Program at the Corvette-FCI ..
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10/15Patriot Battery Metals Provides Update on the Ongoing Drill Program at the Corvette-FCI..
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10/11PATRIOT BATTERY METALS : Completes property-wide remote sensing survey and engages prospec..
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10/08PATRIOT BATTERY METALS : Completes Property-wide Remote Sensing Survey and Engages Prospec..
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10/07PATRIOT BATTERY METALS : Stakes New Claims at Corvette FCI Project and Terminates Amalgama..
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10/04PATRIOT BATTERY METALS : Ships First Drill Core from the Corvette-FCI Property, James Bay ..
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10/01Patriot Battery Metals Ships First Drill Core from the Corvette-FCI Property, James Bay..
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10/01Patriot Battery Metals Inc. Ships Core Samples for Geochemical Analysis from First Hole..
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09/30PATRIOT BATTERY METALS : Comments on Recent Market Activity
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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 11,7 M 9,47 M 9,46 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 30,3%
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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
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