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PMET Resources Inc. reports developments tied to the Shaakichiuwaanaan CV5 Lithium Project and related critical-minerals work in lithium, caesium and tantalum. Company news commonly covers drill results from pegmatite zones including CV5, CV13, Vega, Rigel and Helios; feasibility and geological-model updates; and metallurgical test work for spodumene concentrate using dense media separation.
Recurring updates also include permitting and environmental assessment activity for Shaakichiuwaanaan, engagement around caesium chemical processing pathways, strategic investor share issuances and other corporate matters connected to project development and financing.
Patriot Battery Metals Inc. has completed the winter/spring phase of its 2022 drill campaign at the Corvette Property, with 20 drill holes totaling 4,352 m. Geological modeling shows pegmatite extending over 1,400 m between CV5 and CV1, with indications of thickening at depth. The summer/fall drilling is set to begin on June 1, focusing on additional infill and step-out holes. Previous drill results indicated strong lithium-tantalum mineralization, including intercepts of 155.1 m at 0.94% Li2O. The company is preparing for further assays and potential expansion of its drilling capacity.
Patriot Battery Metals announced the appointment of Jon Christian Evensen as a new director effective immediately. Evensen brings over 10 years of investment banking and management experience, particularly in natural resources. His background includes significant roles at Luminus Management and Morgan Stanley. The company also expressed gratitude to outgoing director Paul Chung for his contributions. Patriot Battery Metals focuses on mineral exploration, particularly lithium, with key properties in Quebec and Idaho, demonstrating notable potential in various metals, including lithium and gold.
Patriot Battery Metals Inc. provided an update on its 2022 winter/spring drill campaign at the Corvette Property in Quebec. The campaign, commenced in February, has completed 15 drill holes totaling approximately 3,136 meters. Geological modeling indicates a continuation of mineralized pegmatite across a 1,400-meter strike. Spodumene has been identified in multiple drill holes, though assay results are pending. The campaign will continue until April 20, with summer/fall drilling scheduled to start on June 1, focusing on both infill and new target areas.
Patriot Battery Metals (CSE: PMET; OTCQB: PMETF) updates the winter/spring 2022 drill campaign at the Corvette Property in Quebec's James Bay Region. Two diamond drill rigs have completed ten holes totaling 2,227 m, targeting pegmatite mineralization along the CV Lithium Trend. The drilling confirmed shallow lake depths between CV6 and CV1-2 pegmatites, with ongoing core processing by SGS Canada. A systematic bathymetry survey is planned for summer 2022. Drill results so far highlight significant lithium-tantalum mineralization with intercepts of 155.1 m at 0.94% Li2O.
Patriot Battery Metals Inc. (CSE: PMET, OTCQB: PMETF) has commenced the winter/spring phase of its 2022 drill campaign at the Corvette Property in Quebec, targeting the CV Lithium Trend. The campaign began in February using two diamond drill rigs, successfully completing six drill holes that revealed significant pegmatite intervals ranging from 12 m to 121 m. The company anticipates further drilling through May, with positive results expected to enhance its lithium and tantalum prospects as the campaign continues into summer.
Patriot Battery Metals (CSE: PMET, OTCQB: PMETF) has completed a private placement of 6,000,000 units at C$0.50 each, raising gross proceeds of C$3,000,000. Each unit consists of one common share and a warrant exercisable at $0.75 for three years. The funds will be used for acquiring properties as outlined in a previous news release. The company is positioned to advance its Corvette property, which spans over 200 square kilometers and exhibits strong lithium potential. A 20,000 m drill program is currently underway.
Patriot Battery Metals Inc. (CSE: PMET, OTCQB: PMETF) has commenced its 2022 drill campaign at the Corvette Property in Quebec, targeting the CV Lithium Trend. The campaign includes two phases with a total of 15,000 to 20,000 meters of drilling, utilizing two rigs. The first phase focuses on areas northeast of the CV5-6 pegmatite, while the second will continue to assess the CV1-2 pegmatites and new regional targets. Previous drilling indicated strong lithium-tantalum mineralization, with notable intercepts of up to 1.25% Li2O. The company has engaged Forage Fusion Drilling for the project.
Patriot Battery Metals Inc. (PMETF) has announced the successful results of its 2021 surface exploration program at its Corvette Property in Quebec. The exploration revealed a new lithium pegmatite discovery, CV12, with samples averaging 2.81% Li2O and significant tantalum mineralization. Key findings include new outcrops extending the CV8 and CV12 pegmatites, with tantalum grades up to 5,300 ppm Ta2O5. The company plans further exploration in 2022, highlighting the Corvette Property's potential for additional lithium and tantalum resources.
Patriot Battery Metals Inc. (CSE: PMET) (OTCQB: PMETF) has mobilized its first drill rig for a winter drilling program at the Corvette Lithium Property in Quebec. The exploration campaign plans to drill 15,000 to 20,000 meters, targeting lithium pegmatite outcrops CV1 to CV7. Notable past drill results include 0.94% Li2O over 155.1 m. The program aims to enhance lithogenic continuity between CV5 and CV1. The winter drilling will be conducted safely under a COVID Management Plan.
Patriot Battery Metals has consolidated its land position at the Corvette Lithium Project, now controlling over 50 km of the La Grande Greenstone Belt. With 417 claims spanning 21,357 ha, the company enhances its presence in a promising lithium district. Key acquisitions include full ownership of the FCI Claims for $3 million and shares, along with the Deca-Goose and Felix claims for $150,000 and shares. A $3 million private placement is set to fund these properties, with a 20,000 m drill program upcoming, marking a pivotal year for the company.