Patriot Battery Metals (TSXV: PMET) is finally returning to the field for further exploration in Quebec at its flagship Corvette property, following multiple starts and stops due to the ongoing wildfire situation.
The company late last night indicated that it is in the process of remobilizing its exploration team via fixed wing aircraft, a result of certain roads leading to the property still being closed as a result of the forest fires. The company has also regained access to one helicopter, with additional helicopters expected to be made available in August as progress is made in fighting the fires.
Drilling and environmental baseline studies are expected to resume by this weekend, while the company is moving to upgrade the current winter road to an all-weather road to enable exploration to continue through to December. The road improvement is said to be necessary so that Patriot can “make up for lost time due to wildfires,” with respect to its drill program.
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The exploration camp currently in place is expected to be expanded as well to enable more efficient exploration as well.
The fires however are not said to have impacted the previously promised mineral resource estimate for the property, which the company states remains on track for release in “late July,” meaning the report will be released within the next few days.
Patriot Battery Metals last traded at $13.74 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.
