Patriot Battery Metals Inc. (ASX: $PMT) announces new high-grade zone discovery at CV13 spodumene pegmatite

Patriot Battery Metals Inc. (ASX: $PMT) is pleased to announce the discovery of a new high-grade zone at the CV13 Spodumene Pegmatite following its recently completed winter drill program at Corvette. The discovery, located approximately 3 km west-southwest of the CV5 Spodumene Pegmatite, demonstrates mineralization at shallow depth with a near-horizontal orientation and remains open in multiple directions. The 2024 winter drill program totaled 62,518 m, with results pending for multiple follow-up holes. The updated mineral resource estimate, scheduled for Q3 2024, will focus on upgrading the resource category at CV5 and include a maiden resource at CV13.

Executive Commentary

Darren L. Smith, Vice President of Exploration for the Company, comments: 'To put it mildly, the team is very excited about this new high-grade discovery at CV13, which is open in multiple directions and broadens our view on potential in the area significantly. This hole (CV24-470) is the widest, most well-mineralized drill hole to date from CV13 and includes multiple samples over 5% Li2O. This discovery was made at the tail end of the program; however, we were able to follow-up with multiple additional holes prior to break-up. We are eagerly awaiting the assay results from these follow-up drill holes as we work to refine the geological model ahead of a maiden MRE at CV13, on track for Q3 2024.'

Summary

Patriot Battery Metals Inc. (ASX: $PMT) has announced the discovery of a new high-grade zone at the CV13 Spodumene Pegmatite, demonstrating mineralization at shallow depth with a near-horizontal orientation and remaining open in multiple directions. The 2024 winter drill program, totaling 62,518 m, focused on step-out holes in support of a maiden mineral resource estimate for the pegmatite. The company anticipates an updated mineral resource estimate in Q3 2024, which will include both the CV5 and CV13 spodumene pegmatites. The discovery supports the belief that the Corvette Property continues to offer significant potential, and a follow-up drill program is anticipated to target extensions of the CV13 principal pegmatite body and the new high-grade zone to the west, north, and east within the corridor. The company remains optimistic about the prospects and outlook for the CV Lithium Trend, an emerging spodumene pegmatite district spanning more than 50 kilometers across the Corvette Property.