Commodities, Exploration/Development, Lithium, News

Patriot progressing ‘top tier lithium asset’

Patriot Corvette

Patriot Battery Metals continues to de-risk its Corvette lithium project in Canada, announcing a 52m-long lithium intersection at the CV5 pegmatite.

The 52.2m hit contains 3.34 per cent lithium oxide (Li20), including 15m at 5.1 per cent Li20, and runs between 219.1m and 271.3m beneath the surface.

The intersection was made from the easternmost drill hole (CV22-093) of Patriot’s 2022 drill campaign at the CV5 pegmatite, and further delineates the high-grade “Nova” zone previously identified in drill holes CV22-017, 042, 066, 083 and 100.

CV22-100 tested the Nova zone between drill holes CV22-042 and 063 and returned 131.2m at 1.96 per cent Li20 running between 250.8m and 382m deep. This included 57m at 2.97 per cent Li20.

“The results herein conclude the release of core assays from the 2022 drill campaign at the CV5 pegmatite and we could not be more thrilled with the results,” Patriot president, chief executive officer and director Blair Way said.

“We have exceeded all of our program objectives, expanding the known mineralised system from a few hundred metres along-strike in 2021, to at least 2.2 km in 2022, remaining open and demonstrating high-grades at both ends.”

“We have just recently commenced our 2023 drill campaign and will continue to aggressively delineate what we believe will be a top tier lithium asset globally when fully defined.”

Patriot Battery Metals commenced trading on the ASX in early December and has former Pilbara Minerals managing director and chief executive officer Ken Brinsden as its non-executive chair.

As he was winding down at Pilbara Minerals and considering his next chapter, Brinsden was impressed by Corvette’s potential.

“I’m winding down at Pilbara Minerals and having a look at the Patriot geological maps … and thinking to myself, this is feeling a lot like Pilgangoora in 2015, because the geology at the Corvette discovery feels like it’s going to support another big project over time,” he told the Resources Rising Stars Summer Series in December.

“It’s early stages in exploration but already there’s evidence to indicate that it’s going to be one of the bigger discoveries in the last decade or so.”

Brinsden, who departed Pilbara Minerals in July 2022, played a key role in the delineation and development of the company’s Pilgangoora lithium operation in the Pilbara – one of the premier hard rock lithium mines in the world.

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