Patriot Battery Metals Announces Discovery of New Lithium Pegmatite Cluster
Patriot Battery Metals (TSX-V: PMET) announced yesterday that it discovered a new and large cluster of lithium pegmatite on its Corvette property.
The cluster, CV13, is located less than 4.5 km from its CV5-1 pegmatite corridor where drilling is currently concentrated.
The company has traded up 27% to $4.39 per share over the past five days.
The new discovery is located centrally on the property and approximately 15 km south of the all-weather Trans-Taiga highway and powerline infrastructure corridor.
The Corvette property is 100% owned by Patriot and is located in the James Bay region of Quebec.
Darren L. Smith, the company’s vice president of exploration, said he was pleased.
“The Corvette property continues to impress with an abundance of lithium pegmatite and further discovery potential, as evidenced by the CV13 pegmatites,” Smith said. “The CV13 pegmatites are located directly on trend between the active drilling CV5-1 pegmatite corridor and the CV8 pegmatite, which remains to be drill tested. We are very excited to explore this area further. detail given the extent of the mineralization discovered to date and its proximity to a regional structural flexure creating a very attractive geological setting for the emplacement of lithium pegmatites.The discovery of the pegmatite cluster CV13 is a excellent example of grassroots exploration and geological targeting paying off through the work ethic of a dedicated and focused exploration team.
Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. This is not a solicitation to trade commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for loss and/or damage resulting from the use of this publication.