1. Patriot reports significant lithium discovery at CV15, enhancing exploration potential. 2. The Mickel Trend extends to 5.5 km with high-grade spodumene samples. 3. CV15 assay results include up to 3.10% Li2O, indicating strong mineralization. 4. Follow-up campaigns planned for 2025 to further explore new pegmatite occurrences. 5. Shaakichiuwaanaan ranks among the largest lithium resources in the world.
The CV15 discovery, with significant lithium grades, indicates strong exploration potential. Similar discoveries in lithium sectors have often led to substantial price increases, exemplified by recent bullish trends in companies like Albemarle and Livent.
The discovery at CV15 significantly enhances PMETF's value, particularly in the booming lithium market. Strong technical and economic indicators suggest the potential for substantial future revenue growth.
The ongoing exploration and potential resource expansion indicate significant long-term value. Past examples show strong correlation between resource estimates and stock appreciation, as seen in companies like Lithium Americas.
Darren L. Smith, Patriot Executive and Vice President of Exploration, comments: "The 2024 surface campaign at Shaakichiuwaanaan has delivered significant results which continue to demonstrate that we have still only scratched the surface in terms of the Property's broader exploration potential. The discovery of another new spodumene pegmatite occurrence at CV15 – along the prospective Mickel Trend, which encompasses CV9, CV10, CV14, and CV15 – represents another exciting opportunity for the Company."
"We are eager to follow-up this discovery with systematic surface exploration, including channeling and mapping, as the Mickel Trend has now been extended by ~1.9 km, from ~3.6 km to ~5.5 km. Coupled with the numerous spodumene pegmatite boulders over the Property, these discoveries highlight the extensive nature of the spodumene mineralized system at Shaakichiuwaanaan. There remains strong potential for additional discoveries," added Mr. Smith.
VANCOUVER, BC, March 25, 2025 /PRNewswire/ - March 26, 2025 – Sydney, Australia
Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to announce the discovery of a new spodumene pegmatite cluster, CV15, from its 2024 surface exploration campaign at the wholly-owned Shaakichiuwaanaan Property (the "Property" or "Project"), located in the Eeyou Istchee James Bay region of Quebec.
The Shaakichiuwaanaan Property hosts a consolidated Mineral Resource Estimate1 ("MRE") of 80.1 Mt at 1.44% Li2O Indicated and 62.5 Mt at 1.31% Li2O Inferred. The CV5 Spodumene Pegmatite, which forms the bulk of the MRE, is accessible year-round by all-season road and is situated approximately 14 km from a major hydroelectric powerline corridor. The CV13 Pegmatite is located <3 km along geological trend from the CV5 Pegmatite, which hosts additional lithium and tantalum resources, as well as a recently discovered zone of cesium mineralisation (see news release dated March 2, 2025).
The 2024 surface exploration campaign included geological mapping, regional prospecting, and surface sampling and was focused on discovery of new lithium pegmatite occurrences across the Property outside of the existing deposits. A total of 647 surface rock grab/chip samples were collected during the course of the program.
The 2024 program resulted in the discovery of a significant new spodumene pegmatite cluster at surface, named CV15, with outcrop grab sample assays including 2.11% Li2O, 1.55% Li2O, and 1.02% Li2O. Additionally, grab sample assays from nearby boulders returned grades of 3.10% Li2O and 3.02% Li2O. The CV15 discovery is situated approximately 1.9 km southwest and along geological trend from CV14, and collectively now forms part of a larger ~5.5 km long prospective trend extending from the CV9 spodumene pegmatite cluster to CV15, now referred to as the Mickel Trend.
The CV15 discovery consists of multiple pegmatite outcrops spread over an approximate 400 m x 200 m area, with the largest measuring ~7 m x 6 m in size, and remains open in all directions. Like other spodumene pegmatite occurrences on the Property, spodumene crystals at CV15 are large and hosted in a smoky-quartz and feldspar groundmass. The discovery significantly enhances the prospectivity of the Mickel Trend – now ~5.5 km long – which also includes the CV9, CV10, and CV14 spodumene pegmatites.
Of the four (4) lithium pegmatite clusters situated along the ~5.5 km long Mickel Trend, only the CV9 Pegmatite – demarcating the currently known northeastern end of the trend (which remains open) – has been drill tested (see news release dated April 7, 2024). Results include 99.9 m at 0.39% Li2O, including 30.6 m at 0.80% Li2O, 10.8 m at 1.00% Li2O, and 7.7 m at 1.35% Li2O. The drilling confirmed the presence of widespread spodumene mineralization, which remains open along strike and to depth, while also demonstrating the potential for significant volumes with a thick (up to ~80 m true thickness) pegmatite dyke present.
The Company intends to follow-up at CV15 in 2025 with targeted prospecting and channel sampling.
The photographs shown in this announcement are to illustrate the results which form the basis of the Exploration Results reported and are not intended to provide any visual disclosures of mineralisation. The presence of spodumene crystals within the pegmatite has been confirmed as indicative of lithium mineralisation based on the outcrop assays summarised.
The 2024 program was also successful in locating several other anomalous to mineralized outcrops and boulders of strong interest for follow-up.
Additional mineralized pegmatite boulders were discovered south of CV5, with six (6) samples assaying >1% Li2O to a peak of 3.25% Li2O. Cumulatively, mineralized boulders sampled south of CV5 in 2023 and 2024 strongly suggest the presence of additional undiscovered spodumene pegmatite between CV5 and CV4, and to their immediate south.
The 2025 surface exploration campaign is currently being designed. It is anticipated to include follow-up mapping and channel sampling at the newly discovered CV15 Spodumene Pegmatite cluster, as well as continued follow-up prospecting and sampling of the various mineralized boulder trains. Surface mapping at the CV5 and CV13 spodumene pegmatites will also continue.
The Company has relied on internal laboratory checks and blank/certified reference material insertion for surface rock samples.
Management cautions that prospecting surface rock samples and associated assays, as discussed herein, are selective by nature and represent a point location, and therefore may not necessarily be fully representative of the mineralized horizon sampled.
Patriot Battery Metals Inc. is a hard-rock lithium exploration company focused on advancing its district-scale 100%-owned Shaakichiuwaanaan Property located in the Eeyou Istchee James Bay region of Quebec, Canada, which is accessible year-round by all-season road and is proximal to regional powerline infrastructure.
This news release has been approved by the Board of Directors.
KEN BRINSDEN
Kenneth Brinsden, President, CEO, & Managing Director