The Pick News

Patriot extends Vega Zone with standout intercepts

Written by Colin Hay | Jul 9, 2024 12:41:39 AM

Patriot Battery Metals (ASX: PMT) has achieved a significant expansion to the recently discovered high-grade Vega Zone at the CV13 Spodumene Pegmatite project in Canada.

The company has received the final batch of core assay results from the CV13 Spodumene Pegmatite from its 2024 winter drill programme at the Corvette Property, including holes targeting the recently discovered high-grade Vega Zone.

The 100%-owned Corvette Property is located in the James Bay region of Quebec. The CV13 Spodumene Pegmatite is located approximately three km west-southwest of the CV5 Spodumene Pegmatite, which hosts a maiden Mineral Resource Estimate (MRE) of 109.2 Mt at 1.42% Li2O Inferred.

Patriot says the Vega Zone is interpreted to be relatively flat-lying to shallowly dipping and near-surface, covering an area of ~380 m x 220 m with a true thickness of ~8 to 30+ m, hosted within a wider mineralized pegmatite body. It remains open in several directions.

Results for all drill holes completed during the 2024 winter programme have now been reported – 50,961 m (121 holes) at CV5 and 11,557 m (45 holes) at CV13.

Vice President of Exploration, Darren Smith, said the Vega Zone is a key target for the ongoing summer-fall drill programme with the mineralisation delineated to date remaining open in several directions.

“The final holes from our recently completed winter drill programme at CV13 confirm a significant discovery of high-grade spodumene pegmatite at the Vega Zone, with high-grade mineralisation now defined over a significant area.”

“With such high grades present at the Vega Zone – akin to what we see at the Nova Zone at CV5 – including a standout 9.7 m intercept grading over 5% Li2O, the new results clearly validate the considerable potential at CV13 as well as that of the larger mineralised system at Corvette. We intend to further delineate this discovery as part of our recently commenced summer-fall drill programme.”