Patriot Battery Metals Inc. (ASX: $PMT) reports significant lithium mineralization at CV13 and CV9 pegmatites

Patriot Battery Metals Inc. (ASX: $PMT) has announced the final core assay results for the drill holes completed in September to November 2023 at the CV13 and CV9 spodumene pegmatites. The Corvette Property, wholly owned by the company, is located in the Eeyou Istchee James Bay region of Quebec. The CV13 and CV9 spodumene pegmatites are situated approximately 3 km and 14 km west of the CV5 Spodumene Pegmatite, respectively, which hosts a maiden mineral resource estimate of 109.2 Mt at 1.42% Li2O inferred.

Executive Commentary on 2023 Drill Program Results

Darren L. Smith, Vice President of Exploration for Patriot Battery Metals Inc., commented, 'The 2023 drill program at CV13 was very successful and confirmed spodumene pegmatite over an approximate 2.3 km strike length, as well as down dip more than 300 m. The pegmatite remains open along strike and to depth and has confirmed high-grade zones with multiple core samples over 5% Li2O (+60% spodumene). The results of our maiden drill program at CV9 are very encouraging and have demonstrated that the pegmatite can thicken dramatically up to 80 m interpreted true width, which is a strong indication of tonnage potential of the system.'

Summary of Announcement and Outlook

The drill results at CV13 and CV9 pegmatites indicate significant lithium mineralization potential, with the CV13 pegmatite showing a new zone at shallow depth and the CV9 pegmatite demonstrating wide intervals of variably mineralized spodumene-bearing pegmatite. The company plans to announce an updated mineral resource estimate for the Corvette Project, including both the CV5 and CV13 spodumene pegmatites, in Q3 2024. These results affirm the company's commitment to advancing its district-scale Corvette Property and its exploration efforts in the emerging spodumene pegmatite district.