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Mining Stocks in Play - Patriot Battery Metals Inc. (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) Gains on Core Assay Results

 

May 17, 2024 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a go-to platform for big investing ideas, reports on trading for Patriot Battery Metals Inc. (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA), a hard-rock lithium exploration company focused on advancing its district-scale 100% owned Corvette Property located in the Eeyou Istchee James Bay region of Quebec, Canada, and proximal to regional road and powerline infrastructure.

The stock is trading up on core assay results, currently trading at $9.62, up 1.12 .gaining 13.18%. The stock had a day's high of $9.70.

Patriot Battery announced the next batch of core assay results for drill holes completed in 2024 at the CV5 Spodumene Pegmatite. The Corvette Property (the "Property" or "Project"), wholly owned by the Company, is located in the Eeyou Istchee James Bay region of Quebec. The CV5 Spodumene Pegmatite, with a maiden mineral resource estimate ("MRE") of 109.2 Mt at 1.42% Li2O inferred1, 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 for the Company comments, "Another round of CV5 core assays from our infill program and it continues to deliver to expectations. Coupled with the new high-grade discovery at CV13, the 2024 winter program's results continue to demonstrate the quality and scale on show at Corvette."

"It's been a huge effort from the team to progress what was a very large-scale drill program over the last 6-8 months. Through their efforts, all drilling up until our recent seasonal break, including the previously highlighted CV13 high-grade discovery, will make it into the upcoming resource update", added Mr. Smith.

Highlights

Continued strong lithium mineralization over wide intervals from infill drilling at CV5.

122.5 m at 1.42% Li2O, including 35.8 m at 2.15% Li2O (CV24-405).

71.4 m at 1.57% Li2O, including 14.2 m at 3.15% Li2O (CV24-435).

68.7 m at 1.56% Li2O and 22.5 m at 1.04% Li2O (CV24-414).

74.9 m at 1.28% Li2O, including 28.1 m at 2.28% Li2O (CV24-423A).

53.0 m at 1.22% Li2O, including 25.0 m at 1.65% Li2O (CV24-450).

News:

https://ca.finance.yahoo.com/news/122-5-m-1-42-002600175.html

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