Patriot Battery Metals (TSXV: PMET) continues to see positive results from ongoing drilling at its flagship Corvette property in Quebec. The company last night indicated that continued exploration has resulted in the extension of the CV5 Pegmatite to a known strike length of 4.35 kilometres.
The expansion amounts to 650 metres, with mineralization expanded to the west via multiple drill holes, with several containing intersections in excess of 30 metres of spodumene pegmatite, with the longest single intersect said to be up to 56.8 metres. Many holes are also said to have returned composited pegmatite intersections in excess of 90 metres, with the peak being 144 metres.
Assays from the program remain pending.
The CV5 pegmatite meanwhile is said to remain open, with just 3.15 kilometres said to separate the CV5 and CV13 pegmatites. Patriot has indicated that current data suggests the two pegmatites form one continuous body subsurface.
Exploration continues at the Corvette property despite delays from the wildfire season experienced in the region this past summer. Seven rigs are currently active at site, of which four are focused on CV5. two are focused on CV13, and one is drill testing CV9. The exploration camp meanwhile is under construction as the company works to expand the camp. Exploration is anticipated to improve to 10 rigs in mid January 2024.
Patriot Battery Metals last traded at $10.93 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.
