Patriot Battery Metals Demobilizes Exploration Programs At Corvette Due To Wildfires
Patriot Battery Metals (TSXV: PMET) has revealed that its ongoing exploration work at the Corvette Property has been hampered yet again by ongoing forest fires within Quebec.
The company has indicated that the helicopters being utilized for its drill program have been requisitioned by the government to assist in fire fighting activity. Drilling as a result will be unable to resume until the helicopters are released by the government.
All personnel have been demobilized from exploration programs onsite until the situation improves. In its place, work continues on a mineral resource estimate slated to be released next month, while the firm works towards making arrangements for fall and winter exploration.
A winter snow road to the property have been permitted for conversion to an all-weather road, which will enable drilling to occur in the final three months of the year, when transport by air is impacted by fog. Patriot has indicating it is examining how fast the conversion can occur to make up for lost time during the spring and summer seasons as a result of the fires.
The company is also expanding its exploration camp in the region to reduce travel time required for exploration as well as to reduce the dependence on helicopters for travel. The expansion of the camp is slated to begin once current fire bans are lifted in the region.
Patriot Battery Metals last traded at $16.05 on the TSX Venture.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.
