Ahead of releasing an updated mineral resource, Patriot Battery Metals (ASX:PMT) has received drilling results showing further lithium mineralisation over wide intervals at the CV5 deposit in Québec, Canada.
The drilling at CV5, which sits within the Corvette property, returned 124.9m @ 1.72% lithium oxide, including 13.4m @ 4.04% lithium oxide; and 135.7m @ 1.02% lithium oxide, including 44.7m @ 2.03% lithium oxide.
Vice President of Exploration Darren Smith says these final results demonstrate the scale of mineralisation over a “significant” strike length.
“We are confident in meaningful conversion in our pending Mineral Resource Estimate update on schedule for Q3 2024,” he says.
The focus of the latest drilling program at CV5 was to support an upgrade in mineral resource confidence, from the inferred category to the indicated category.
The updated resource will include drilling completed in April 2024 at the CV5 and CV13 spodumene pegmatites. Patriot aims to release the updated resource in August this year, including a maiden resource for the CV13 discovery.
The CV5 spodumene pegmatite has a maiden resource estimate of 109.2 million tonnes at 1.42% lithium oxide inferred resource.
The CV lithium trend is an emerging spodumene pegmatite district discovered by the company in 2017, and is interpreted to span more than 50km across the Corvette property.
Write to Aaliyah Rogan at Mining.com.au
Images: Patriot Battery Metals
