07:27 AM EDT, 05/07/2024 (MT Newswires) -- Patriot Battery Metals Inc. ( PMETF ) overnight Monday announced the discovery of a new high-grade zone at the CV13 Spodumene Pegmatite following its recently completed winter drill program at Corvette.

Among highlights, it cited a new high-grade spodumene pegmatite zone discovered at CV13: 34.4 m at 2.90% Li2O , including 21.9 m at 3.58% Li2O (CV24-470). It said an updated mineral resource estimate, scheduled for Q3 2024, will focus on upgrading the resource category at CV5 and include a maiden resource at CV13.

The statement noted the Corvette Property, wholly owned by the company, is located in the Eeyou Istchee James Bay region of Quebec. The CV13 Spodumene Pegmatite is located approximately 3 km west-southwest of the CV5 Spodumene Pegmatite, which hosts a maiden mineral resource estimate of 109.2 Mt at 1.42% Li 2 O inferred and is situated approximately 13.5 km south of the regional and all-weather Trans-Taiga Road and powerline infrastructure.

Darren L. Smith, Vice President of Exploration, in the statement said: "To put it mildly, the team is very excited about this new high-grade discovery at CV13, which is open in multiple directions and broadens our view on potential in the area significantly. This hole (CV24-470) is the widest, most well-mineralized drill hole to date from CV13 and includes multiple samples over 5% Li 2 O. This discovery was made at the tail end of the program; however, we were able to follow-up with multiple additional holes prior to break-up. We are eagerly awaiting the assay results from these follow-up drill holes as we work to refine the geological model ahead of a maiden MRE at CV13, on track for Q3 2024."

"This discovery supports our belief that we continue to only scratch the surface of what Corvette has to offer," added Smith.