Patriot Provides Drill Program Update VANCOUVER, BC, Aug. 28, 2023 /PRNewswire/ - (SYDNEY, Aug. 29, 2023)
Highlights
- A total of approximately 35 holes and 10,100 m have been completed to date since the start of the summer-fall drill program with a goal to expand the current 109.2 Mt at 1.42% Li2O inferred resource1.
- Four (4) drill rigs active at site, planned to be increased to five (5) by month end, and to seven (7) by mid-September.
- Two (2) rigs active over westward extension of CV5, one (1) rig active over the eastern portion of CV5, and one (1) rig active at CV13.
- Two (2) rigs continue to drill at 50 to 100 m spacings over the westward extension of CV5 towards CV13. The most westerly reported drill hole to date at CV5 returned 101.5 m at 0.86% Li2O (CV23-184, see news release dated July 10, 2023).
- One (1) barge mounted rig at the eastern end of CV5 to convert unclassified mineralisation into resource (i.e., mineralised pegmatite outside resource current pit constraints).
- One (1) rig at CV13 focused on step-out delineation drilling along the collective ~2.3 km trend of spodumene pegmatite outcrop. Maiden drill testing returned results including 22.6 m at 1.56% Li2O (CV22-092, see news release dated February 13, 2023).
- Next three (3) rigs to support continued extension drilling at CV5, continued delineation drilling at CV13, and maiden drill testing of the CV9 Spodumene Pegmatite.
- The NI 43-101 Technical Report on the CV5 mineral resource estimate is proceeding as scheduled and will be filed in the first half of September. Due to coordination of ramp-up activities on site, coupled with pending completion and filing of the technical report, the announcement of new drill hole results will follow shortly thereafter in September.
- As of August 24, 2023, the traffic restrictions caused by local wildfires have been lifted. roads in the area, including the Trans-Taiga Road and Billy Diamond Highway, are once again open to traffic.