Patriot Battery Metals Releases CV5 Pegmatite Drill Results

Author: Riley Hayes Updated: 02-27-2025 05:32 PM

Overview of the Recent Drill Program

Patriot Battery Metals Inc. has recently completed an extensive summer-fall 2024 drill program at its CV5 Pegmatite, part of the larger Shaakichiuwaanaan Property. The program successfully delivered wide, high-grade spodumene pegmatite intercepts which provide critical data for an upcoming feasibility study and the first ore reserve estimation.

Noteworthy Highlights from the Drill Results

The latest drilling results have showcased impressive intervals of lithium mineralization, with the most significant being:

153.8 meters at 2.00% Li₂O, featuring 55.4 meters at a remarkable 3.42% Li₂O (hole CV24-733).
142.9 meters at 1.77% Li₂O, inclusive of 35.2 meters at 3.36% Li₂O (hole CV24-719).
186.0 meters at 1.08% Li₂O, containing 11.3 meters at 4.27% Li₂O (hole CV24-704).
129.8 meters at 1.36% Li₂O, with 22.4 meters at 2.45% Li₂O (hole CV24-688).
142.3 meters at 1.12% Li₂O, featuring 55.2 meters at 2.19% Li₂O (hole CV24-769).

In total, core assay results were recorded for 98 drill holes spanning 31,513 meters, finishing the total of 431 holes for the year, which amounts to 128,052 meters. This final set of assays completes the critical dataset required for the feasibility study and maiden ore reserve estimate.

Company’s Forward-Thinking Approach

Darren L. Smith, the Vice President of Exploration at Patriot, expressed enthusiasm about the drill program's accomplishments. He emphasized that this initiative is paramount for enhancing the confidence level of the mineral resource estimates from inferred to indicated status. The project is on track for an ore reserve evaluation in the third quarter of 2025.

Strategic Importance of Shaakichiuwaanaan Property

The Shaakichiuwaanaan Property hosts a substantial mineral resource estimate, consisting of 80.1 million tonnes at 1.44% Li₂O in indicated resources and 62.5 million tonnes at 1.31% Li₂O in inferred resources. This places the property among the largest lithium resources in the Americas.

Expectations for Future Developments

The company is not only focused on capitalizing on the current findings but is also planning further drilling initiatives. The geological and block models are being refined alongside independent consultants to ensure that the project meets its upcoming milestones.

Frequently Asked Questions

What are the main results from the recent drilling at CV5?

Key results include significant lithium intercepts such as 153.8 meters at 2.00% Li₂O and other notable grades across 98 drill holes.

What is the anticipated timeline for the feasibility study?

The feasibility study and maiden ore reserve estimate is expected to be delivered in the third quarter of 2025.

How much drilling has been done at the Shaakichiuwaanaan Property?

A total of 431 drill holes have been completed, amounting to 128,052 meters throughout the year.

What is the significance of the Shaakichiuwaanaan Property?

The property is recognized as housing one of the largest lithium resources in the Americas, with substantial indicated and inferred resources.

Who can I contact for more information regarding this development?

For more details, you can contact Patriot Battery Metals Inc. via info@patriotbatterymetals.com or by calling +1 (604) 279-8709.

About The Author

Riley Hayes here, a financial writer and specialist committed to assisting individuals in navigating the intricate world of finance. My love is using my blog and articles to simplify complex financial ideas into understandable, doable guidance. Having worked in finance for many years, I try to give my readers the information and resources they need to make wise financial choices.

Writing for several financial blogs has let me connect with a wide range of readers, from novice investors seeking new ideas to seasoned investors. My mission is to make money interesting and approachable so you may take charge of your financial future. I appreciate you traveling with me toward success and financial literacy.

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