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How Are the Recent Discoveries at Corvette Property Exciting for Patriot Battery Metals? — ASX:PMT| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$PMT
How Are the Recent Discoveries at Corvette Property Exciting for Patriot Battery Metals?
Patriot Battery Metals Inc. Achieves Significant Milestones in 2023 Drill Campaign at Corvette Property
Patriot Battery Metals Inc. has reported notable successes in its 2023 drill campaign at the Corvette Property in Quebec, particularly at the CV5 and CV13 Pegmatites. Highlights include several well-mineralized zones with significant lithium oxide (Li2O) percentages, such as 56.6 meters at 1.37% Li2O and 9.9 meters at 3.58% Li2O in drill hole CV23-231.
Extensive Exploration Across Multiple Sites
The company has completed a total of 177 holes, amounting to approximately 45,700 meters, in its summer-fall program. This effort includes drilling at the CV5, CV13, and CV9 pegmatites, with assay results still pending for over 125 drill holes. The extensive drilling has been focused on exploring the significant lithium pegmatite trends across these sites.
Overcoming Wildfires and Accommodation Prioritization
Patriot faced operational challenges due to wildfires and prioritization of drilling staff in accommodation. Despite these hurdles, core processing is ongoing on-site
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and is expected to continue through the holiday season to clear the remaining backlog.
Adhering to ASX and TSX-V Rules
Moving forward, Patriot Battery Metals Inc. will report pegmatite drill intercepts concurrently with core assay announcements, aligning with ASX and TSX-V regulations. This change aims to ensure that results are reported appropriately across different regulatory regimes.
Tracing Spodumene Pegmatite Strike Lengths
The CV5 Spodumene Pegmatite has been traced to a 4.35 km strike length, with additional drill results for 0.25 km of prospective strike length still to be reported. Similarly, the CV13 Pegmatite has been traced to approximately 1.1 km, with further results for an additional 1.2 km of strike length pending. The CV9 Pegmatite has also shown promising results with a 0.45 km strike length identified.
Potential for Future Drilling
Multiple spodumene pegmatite outcrop clusters, including CV4, CV8, CV10, and CV12, remain to be drill tested, offering potential for future exploration.
CEO’s Comments on the Drill Campaign’s Success
Blair Way, President, CEO, and Director of Patriot Battery Metals Inc., has emphasized the success of the 2023 drill campaign. The campaign has established CV5 as a world-class deposit and one of the largest lithium pegmatites globally. The Company looks forward to continued growth as additional assays are reported.
Setting a Course for Future Exploration and Growth
Patriot Battery Metals Inc.’s 2023 drill campaign at the Corvette Property has demonstrated the site's potential as a world-class lithium resource. The extensive drilling and promising results pave the way for further exploration and development, positioning the company for continued success in the rapidly evolving lithium market.
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L
Lykeshares
133d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
133d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
164d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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