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.

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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 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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