Only high tonnage is commercially viable ........
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Posted On: 07/21/2023 8:38:52 AM
Only high tonnage is commercially viable ....................................
PMET - Key news release revealed high tonnage is rewarding, not sporadic high grade. Only high tonnage is commercially viable. But super long intervals of spectacular high grade will make headline news.
https://stockcharts.com/h-sc/ui?s=PMET.V&...9617567456
October 1, 2021 – Patriot Battery Metals is pleased to announce it has started shipping core samples for geochemical analysis from the first hole of its ongoing drill program at the Corvette-FCI Property. The samples are anticipated to be received by the lab late next week and assay results expected by late-November.
2021 Nov 29) First drill hole assay (0.93% Li2O and 114 ppm Ta2O5 over 146.8 m from 26.0 to 172.8 m) (share price 40 cents)
https://sedar.com/GetFile.do?lang=EN&docC...Id=5095638
2021 Dec 15) $11m financing (17.9m shares at 61.2 cents)
https://sedar.com/GetFile.do?lang=EN&docC...Id=5105141
2022 Jan 27) Second drill hole assays (0.94% Li2O and 117 ppm Ta2O5 over 155.1 m from 77.9 m to 233.0 m) (share price 50 cents)
https://sedar.com/GetFile.do?lang=EN&docC...Id=5124307
2022 Feb 3) Third drill hole assays (1.25% Li2O over 58.1 m from 23.0 m to 81.1 m) (share price 60 cents)
https://sedar.com/GetFile.do?lang=EN&docC...Id=5129047
2022 March 1) Patriot Battery Metals Announces Mobilization of First Drill Rig in 2022 winter drill program (share price 70 cents)
https://sedar.com/GetFile.do?lang=EN&docC...Id=5145127
2022 March 21) $3 million financing (6 million shares at 50 cents)
https://sedar.com/GetFile.do?lang=EN&docC...Id=5158438
2022 March 22) Patriot Battery Metals Provides Update on 2022 Drill Campaign at the Corvette Lithium - 6 drill holes completed in winter drilling program
https://sedar.com/GetFile.do?lang=EN&docC...Id=5159426
2022 March 30) Patriot Battery Metals Provides Update on 2022 Drill Campaign at the Corvette Lithium - 10 drill holes completed in winter drilling program
https://sedar.com/GetFile.do?lang=EN&docC...Id=5166564
Institution funds flowed in on news release of March 22, causing share price breaking sharply through 80 cents resistance to $1.10 in just 2 days (March 22, 23) with 6-day volume of 8 million shares as some institution funds don't invest in stocks under $1. Share price has been in a perpetual upswing since then.
Another example of high tonnage pays off:
https://stockcharts.com/h-sc/ui?s=PLL&p=W...6642181031
Piedmont Lithium (PLL.NASDAQ) Carolina Lithium project, located in Gaston County, North Carolina
https://piedmontlithium.com/projects/carolina-lithium/
Assays
25.22m of cumulative thickness of mineralization across 6 pegmatites which includes high grade intercepts of 5.40m @ 1.46% Li2O, 2.65m @ 1.24% Li2O and 2.00m @ 1.43% Li2O in Hole 17-BD-73
21.92m of cumulative thickness of mineralization across 5 pegmatites which includes high grade intercepts of 8.86m @ 1.72% Li2O, and 8.04m @ 1.02% Li2O in Hole 17-BD-80
18.66m of cumulative thickness of mineralization across 6 pegmatites which includes high grade intercepts of 6.27m @ 1.39% Li2O, 4.21m @ 1.83% Li2O, 2.26m @1.52% Li2O and 1.68m @ 1.83% Li2O in Hole 17-BD-64
18.64m of cumulative thickness of mineralization across 6 pegmatites which includes high grade intercepts of 6.66m @ 1.59% Li2O and 2.68m @ 1.58% Li2O in Hole 17-BD-75
14.08m of cumulative thickness of mineralization across 5 pegmatites which includes a high grade intercepts of 5.03m @ 1.98% Li2O and 2.04m @ 1.52% Li2O n Hole 17-BD-70
12.97m of cumulative thickness of mineralization across 2 pegmatites which includes a high grade intercept of 10.36m @ 1.53% Li2O in Hole 17-BD-72
24.38m of cumulative thickness of mineralization across 3 pegmatites which includes high grade intercepts of 18.04m @ 1.01% Li2O and 1.99m @ 1.28% Li2O in Hole 17-BD-87
23.64m of cumulative thickness of mineralization across 5 pegmatites which includes high grade intercepts of 11.60m @ 1.29% Li2O, and 5.97m @ 1.14% Li2O in Hole 17-BD-77
22.82m of cumulative thickness of mineralization across 4 pegmatites which includes high grade intercepts of 9.74m @ 1.31% Li2O and 5.73m @ 1.36% Li2O in Hole 17-BD-98
21.86m of cumulative thickness of mineralization across 4 pegmatites which includes high grade intercepts of 13.95m @ 1.34% Li2O and 2.93m @ 1.41% Li2O in Hole 17-BD-95
15.69m of cumulative thickness of mineralization across 3 pegmatites which includes high grade intercepts of 11.09m @ 1.27% Li2O and 3.41m @ 1.20% Li2O in Hole 17-BD-90
12.51m of cumulative thickness of mineralization across 2 pegmatites which includes a high grade intercept of 10.55m @ 1.46% Li2O in Hole 17-BD-102
28.5m of cumulative thickness of mineralization (non-continuous) across 7 pegmatites which includes high grade intercepts of 6.2m @ 1.21% Li2O and1.4m @ 1.50 Li2O in Hole 18-BD-166
19.1mof cumulative thickness of mineralization (non-continuous) across 2 dikes which includes high grade intercepts of 8.3m @ 1.66%Li2O and 10.9m @ 1.05% Li2O in Hole 18-BD-174
20.9m of cumulative thickness of mineralization (non-continuous) across 3 pegmatites which includes high grade intercepts of 4.6m @ 1.44% Li2O and3.0m @ 1.35 Li2O in Hole 18-BD-176
18.4m of cumulative thickness of mineralization (non-continuous) across 7 pegmatites which includes high grade intercepts of 7.7m @ 1.23% Li2O and1.7m @ 1.52 Li2O in Hole 18-BD-177
24.0m of cumulative thickness of mineralization (non-continuous) across 6 pegmatites which includes high grade intercepts of 11.7m @ 1.23% Li2O and2.6m @ 1.45 Li2O in Hole 18-BD-180
21.3m of cumulative thickness of mineralization (non-continuous) across 3 pegmatites which includes high grade intercepts of 8.9m @ 1.36% Li2O and6.2m @ 1.34 Li2O in Hole 18-BD-194
17.7m of cumulative thickness of mineralization (non-continuous) across 4 pegmatites which includes high grade intercepts of 3.3m @ 2.38% Li2O and9.4m @ 1.65 Li2O in Hole 18-BD-204
21.8m of cumulative thickness of mineralization (non-continuous) across 5 pegmatites which includes high grade intercepts of 8.0m @ 1.62% Li2O and2.6m @ 1.88% Li2O in Hole 18-BD-208
47% increase in Piedmont Project-wide Mineral Resource estimate to 27.9 Mt @ 1.11% Li2O
55% increase in Mineral Resource estimate on Core property to 25.1 Mt @ 1.09% Li2O
74% of the Core property resource is within 100m of surface and 97% is within 150m of surface
100% of the lithium resource is attributed to spodumene mineralization
Core property Resource is based on 326 diamond coreholes totalling over 51,000 meters
9,450 meters of drilling remain in Phase 4 drill campaign with numerous highly prospective targets
PIEDMONT RAISES 70 MILLION AUSTRALIAN DOLLAR (50 MILLION US DOLLAR) TO DEVELOP AMERICAN LITHIUM PROJECT
https://piedmontlithium.com/piedmont-raises-a...m-project/
PMET - Key news release revealed high tonnage is rewarding, not sporadic high grade. Only high tonnage is commercially viable. But super long intervals of spectacular high grade will make headline news.
https://stockcharts.com/h-sc/ui?s=PMET.V&...9617567456
October 1, 2021 – Patriot Battery Metals is pleased to announce it has started shipping core samples for geochemical analysis from the first hole of its ongoing drill program at the Corvette-FCI Property. The samples are anticipated to be received by the lab late next week and assay results expected by late-November.
2021 Nov 29) First drill hole assay (0.93% Li2O and 114 ppm Ta2O5 over 146.8 m from 26.0 to 172.8 m) (share price 40 cents)
https://sedar.com/GetFile.do?lang=EN&docC...Id=5095638
2021 Dec 15) $11m financing (17.9m shares at 61.2 cents)
https://sedar.com/GetFile.do?lang=EN&docC...Id=5105141
2022 Jan 27) Second drill hole assays (0.94% Li2O and 117 ppm Ta2O5 over 155.1 m from 77.9 m to 233.0 m) (share price 50 cents)
https://sedar.com/GetFile.do?lang=EN&docC...Id=5124307
2022 Feb 3) Third drill hole assays (1.25% Li2O over 58.1 m from 23.0 m to 81.1 m) (share price 60 cents)
https://sedar.com/GetFile.do?lang=EN&docC...Id=5129047
2022 March 1) Patriot Battery Metals Announces Mobilization of First Drill Rig in 2022 winter drill program (share price 70 cents)
https://sedar.com/GetFile.do?lang=EN&docC...Id=5145127
2022 March 21) $3 million financing (6 million shares at 50 cents)
https://sedar.com/GetFile.do?lang=EN&docC...Id=5158438
2022 March 22) Patriot Battery Metals Provides Update on 2022 Drill Campaign at the Corvette Lithium - 6 drill holes completed in winter drilling program
https://sedar.com/GetFile.do?lang=EN&docC...Id=5159426
2022 March 30) Patriot Battery Metals Provides Update on 2022 Drill Campaign at the Corvette Lithium - 10 drill holes completed in winter drilling program
https://sedar.com/GetFile.do?lang=EN&docC...Id=5166564
Institution funds flowed in on news release of March 22, causing share price breaking sharply through 80 cents resistance to $1.10 in just 2 days (March 22, 23) with 6-day volume of 8 million shares as some institution funds don't invest in stocks under $1. Share price has been in a perpetual upswing since then.
Another example of high tonnage pays off:
https://stockcharts.com/h-sc/ui?s=PLL&p=W...6642181031
Piedmont Lithium (PLL.NASDAQ) Carolina Lithium project, located in Gaston County, North Carolina
https://piedmontlithium.com/projects/carolina-lithium/
Assays
25.22m of cumulative thickness of mineralization across 6 pegmatites which includes high grade intercepts of 5.40m @ 1.46% Li2O, 2.65m @ 1.24% Li2O and 2.00m @ 1.43% Li2O in Hole 17-BD-73
21.92m of cumulative thickness of mineralization across 5 pegmatites which includes high grade intercepts of 8.86m @ 1.72% Li2O, and 8.04m @ 1.02% Li2O in Hole 17-BD-80
18.66m of cumulative thickness of mineralization across 6 pegmatites which includes high grade intercepts of 6.27m @ 1.39% Li2O, 4.21m @ 1.83% Li2O, 2.26m @1.52% Li2O and 1.68m @ 1.83% Li2O in Hole 17-BD-64
18.64m of cumulative thickness of mineralization across 6 pegmatites which includes high grade intercepts of 6.66m @ 1.59% Li2O and 2.68m @ 1.58% Li2O in Hole 17-BD-75
14.08m of cumulative thickness of mineralization across 5 pegmatites which includes a high grade intercepts of 5.03m @ 1.98% Li2O and 2.04m @ 1.52% Li2O n Hole 17-BD-70
12.97m of cumulative thickness of mineralization across 2 pegmatites which includes a high grade intercept of 10.36m @ 1.53% Li2O in Hole 17-BD-72
24.38m of cumulative thickness of mineralization across 3 pegmatites which includes high grade intercepts of 18.04m @ 1.01% Li2O and 1.99m @ 1.28% Li2O in Hole 17-BD-87
23.64m of cumulative thickness of mineralization across 5 pegmatites which includes high grade intercepts of 11.60m @ 1.29% Li2O, and 5.97m @ 1.14% Li2O in Hole 17-BD-77
22.82m of cumulative thickness of mineralization across 4 pegmatites which includes high grade intercepts of 9.74m @ 1.31% Li2O and 5.73m @ 1.36% Li2O in Hole 17-BD-98
21.86m of cumulative thickness of mineralization across 4 pegmatites which includes high grade intercepts of 13.95m @ 1.34% Li2O and 2.93m @ 1.41% Li2O in Hole 17-BD-95
15.69m of cumulative thickness of mineralization across 3 pegmatites which includes high grade intercepts of 11.09m @ 1.27% Li2O and 3.41m @ 1.20% Li2O in Hole 17-BD-90
12.51m of cumulative thickness of mineralization across 2 pegmatites which includes a high grade intercept of 10.55m @ 1.46% Li2O in Hole 17-BD-102
28.5m of cumulative thickness of mineralization (non-continuous) across 7 pegmatites which includes high grade intercepts of 6.2m @ 1.21% Li2O and1.4m @ 1.50 Li2O in Hole 18-BD-166
19.1mof cumulative thickness of mineralization (non-continuous) across 2 dikes which includes high grade intercepts of 8.3m @ 1.66%Li2O and 10.9m @ 1.05% Li2O in Hole 18-BD-174
20.9m of cumulative thickness of mineralization (non-continuous) across 3 pegmatites which includes high grade intercepts of 4.6m @ 1.44% Li2O and3.0m @ 1.35 Li2O in Hole 18-BD-176
18.4m of cumulative thickness of mineralization (non-continuous) across 7 pegmatites which includes high grade intercepts of 7.7m @ 1.23% Li2O and1.7m @ 1.52 Li2O in Hole 18-BD-177
24.0m of cumulative thickness of mineralization (non-continuous) across 6 pegmatites which includes high grade intercepts of 11.7m @ 1.23% Li2O and2.6m @ 1.45 Li2O in Hole 18-BD-180
21.3m of cumulative thickness of mineralization (non-continuous) across 3 pegmatites which includes high grade intercepts of 8.9m @ 1.36% Li2O and6.2m @ 1.34 Li2O in Hole 18-BD-194
17.7m of cumulative thickness of mineralization (non-continuous) across 4 pegmatites which includes high grade intercepts of 3.3m @ 2.38% Li2O and9.4m @ 1.65 Li2O in Hole 18-BD-204
21.8m of cumulative thickness of mineralization (non-continuous) across 5 pegmatites which includes high grade intercepts of 8.0m @ 1.62% Li2O and2.6m @ 1.88% Li2O in Hole 18-BD-208
47% increase in Piedmont Project-wide Mineral Resource estimate to 27.9 Mt @ 1.11% Li2O
55% increase in Mineral Resource estimate on Core property to 25.1 Mt @ 1.09% Li2O
74% of the Core property resource is within 100m of surface and 97% is within 150m of surface
100% of the lithium resource is attributed to spodumene mineralization
Core property Resource is based on 326 diamond coreholes totalling over 51,000 meters
9,450 meters of drilling remain in Phase 4 drill campaign with numerous highly prospective targets
PIEDMONT RAISES 70 MILLION AUSTRALIAN DOLLAR (50 MILLION US DOLLAR) TO DEVELOP AMERICAN LITHIUM PROJECT
https://piedmontlithium.com/piedmont-raises-a...m-project/
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