Why Has Patriot Battery Metals Initiated This Drill Campaign?

Patriot Battery Metals Launches Quebec's Largest Lithium Drill Campaign

Patriot Battery Metals Inc. has embarked on an ambitious winter drill campaign at its Corvette Property in Quebec, Canada, positioning itself as a front-runner in the lithium exploration sector.

A Groundbreaking Winter Drill Program: Record-Breaking Drilling Efforts

In a move that places it among the top lithium drilling operations in Quebec, Patriot Battery Metals is implementing a massive winter drill program, targeting a minimum of 45,000 meters from January to April 2024. The company plans to deploy at least ten drill rigs to complete this program, making it the most extensive drilling campaign to date at the Corvette Property.

Strategic Infrastructure Development

To support this ambitious drilling campaign, Patriot has constructed a 20-km winter access road from the all-season Trans-Taiga Road to the CV5 drill area. This infrastructure development is critical in reducing reliance on helicopters for the drilling operations, significantly cutting the per meter drilling cost.

The Objective: Upgrade and Focus on the CV5 Pegmatite

The primary aim of the 2024 winter program is infill drilling at the CV5 Pegmatite.

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The goal is to improve the geological model's confidence and support an upgrade of the maiden mineral resource estimate from the inferred category to the indicated category.

Anticipated Resource Estimate Update

Patriot Battery Metals intends to provide the market with an updated mineral resource estimate in the third quarter of 2024. This update will reflect the extensive drilling data and the enhanced understanding of the property's geological potential.

About Patriot Battery Metals Inc. : Pioneering Lithium Exploration

Patriot Battery Metals Inc. is a notable player in the hard-rock lithium exploration field. Its flagship, the 100% owned Corvette Property, is located in the Eeyou Istchee James Bay region of Quebec, Canada. This property is strategically situated near regional road and powerline infrastructure, enhancing its development potential.

The Corvette Property: A Significant Lithium Resource

The Corvette Property hosts the CV5 Spodumene Pegmatite, which has a maiden mineral resource estimate of 109. 2 Mt at 1. 42% Li2O inferred. This ranks as the largest lithium pegmatite resource in the Americas based on contained lithium carbonate equivalent (LCE) and is among the world's top ten largest lithium pegmatite resources.

Expert Oversight and Project De-Risking: Qualified Leadership

The exploration results for the Corvette Property are compiled by Mr. Darren L. Smith, M. Sc. , P. Geo. , a Qualified Person as defined by National Instrument 43-101. Mr. Smith, Vice President of Exploration for Patriot Battery Metals Inc. , holds common shares and options in the company, ensuring a vested interest in the project's success.

Commitment to Exploration Excellence

Mr. Smith's expertise is crucial in guiding the exploration activities at the Corvette Property. His extensive experience in the style of mineralization and type of deposit under consideration qualifies him as a Competent Person under the Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves (the JORC Code).

A Year of Progress and Opportunity

Blair Way, Company President, CEO, and Director, expressed enthusiasm about the upcoming year, highlighting the aggressive drill campaign as a key step in upgrading the resource and continuing to de-risk the project. This development marks an exciting phase for Patriot Battery Metals, as it solidifies its position in the lithium market and advances toward realizing the full potential of the Corvette Property.

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