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Patriot Battery Metals Inc T.PMET

Alternate Symbol(s):  PMETF

Patriot Battery Metals Inc. is a Canada-based hard-rock lithium exploration company focused on advancing its district-scale 100%-owned Corvette Property (424 claims totaling 21,715 ha) located in the Eeyou Istchee James Bay region of Quebec, Canada. The Corvette Property hosts the CV5 Spodumene Pegmatite. Situated within the La Grande Greenstone Belt, the Corvette Property hosts significant mineral potential over multiple deposit types. It owns 100% of a 217 km2 Corvette Property land package, covering approximately 50 km of prospective lithium pegmatite trend. Exploration of the Property has outlined three primary mineral exploration trends, crossing dominantly east-west over large portions of the Property's principal claim group: Golden Trend (gold), Maven Trend (copper, gold, silver), and CV Trend (Li-Cs-Ta Pegmatite). It also owns JBN-57 Property (39 claims, 19.95 km2, which is located nine kms south of the Trans-Taiga Road. The Property is adjacent to Patriot's Corvette Project.


TSX:PMET - Post by User

Bullboard Posts
Post by Raptor7on Jan 29, 2018 12:01pm
171 Views
Post# 27454897

Head Scratcher.

Head Scratcher.Watched with amazement as this one dropped all the way to a dime.  I thought...would these guys really enter into an agreement so bad to warrant this kind of a drop?  Well, I will admit ithis deal didn't look very rewarding to NTY but I was watching this company in the first place because of their new Corvette property.  Not nearly as remote.  Sounds completely virgin and in an area where other lithium mineralization is in abundance. Seems a nice low entry point right now.  From their press release...


In 2006, Virginia Gold Mines discovered a spodumene-bearing outcrop while conducting gold exploration within the belt at what is now the company's Corvette property. No sample was collected at the time and no follow-up work completed on the lithium potential of the outcrop.


92 Resources Corp.'s due diligence site visit to the company's 100-per-cent-owned Corvette property has returned samples of 3.48 per cent and 7.32 per cent lithium dioxide from spodumene-bearing pegmatite exposed at surface.


Although only a small area of the property was evaluated during the one-day site visit, two large, subparallel-trending spodumene pegmatites were discovered, with a total of four grab samples collected.


Pegmatite 1

Three samples were collected from the larger pegmatite, with dimensions of approximately 150 metres in length and up to 30 m across, with spodumene crystals up to about one metre in length. The samples assayed 0.80 per cent, 3.48 per cent and 7.32 per cent Li2O. Management notes the samples were select grab samples and may not be considered representative of the entire pegmatite. However, the 7.32 per cent Li2O sample does highlight the very coarse-grained nature of the observed lithium mineralization.


Pegmatite 2

A single grab sample was collected from the second pegmatite, located approximately 75 m to the north, with an approximate exposed dimension of 100 m by two m. This pegmatite was also spodumene bearing and returned 1.22 per cent Li2O, as well as anomalous tantalum of 90 ppm tantalum pentoxide.

 

 



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