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Patriot Battery Metals Announces Largest Lithium Pegmatite Resource in Americas at CV5, Corvette Property, Quebec, Canada
VANCOUVER, British Columbia and SYDNEY, Australia, July 30, 2023 (GLOBE NEWSWIRE) -- Highlights CV5 Spodumene Pegmatite is firmly established as the largest lit
About this update from Pmet Resources Inc.
[{"type":"text","content":" VANCOUVER, British Columbia and SYDNEY, Australia, July 30, 2023 (GLOBE NEWSWIRE) -- Highlights CV5 Spodumene Pegmatite is firmly established as the largest lithium pegmatite mineral resource in the Americas and the 8th largest globally. 109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 inferred, (0.40% Li2O cut-off grade). Based on 163 core holes totalling 56,385 m. Geological model interprets a single, continuous, principal pegmatite body ranging in true thickness from ~8 m to upwards of ~130 m, extending over a strike length of 3.7 km (drill hole to drill hole), and which is flanked by multiple subordinate lenses. Significant growth potential – the CV5 Spodumene Pegmatite remains open along strike at both ends, and to depth along a significant portion of its length. Maiden (first) mineral resource estimate includes only the CV5 Spodumene Pegmatite and does not include any of the other known spodumene pegmatite clusters on the Property – CV4, CV8, CV9, CV10, CV12, and CV13. Cut-off grade sensitivity analysis defines very high-grade and significant tonnage at high cut-off grade, and excellent grade with significant tonnage at low cut-off grade. Company is well-positioned to aggressively advance infill and step-out drilling, and development studies at CV5, as well as drill testing of other known spodumene pegmatite clusters. More than 20 km of prospective trend remains to be explored for lithium pegmatite at Corvette. Darren L. Smith, Company Vice President of Exploration, comments: “This maiden mineral resource estimate at CV5 is the culmination of an aggressive 20-month drill campaign that kicked off with our discovery hole in fall 2021, and is nothing less than a team effort to get us here. This first resource has firmly established CV5 as a Tier 1 spodumene pegmatite asset, already ranking as the largest lithium pegmatite resource in the Americas, as well as in the top 10 resources globally.” “There remains significant potential for growth, with the resource open at both ends and to depth along a large portion of its length providing a clear path forward for further resource expansion. Further, there are multiple known spodumene pegmatite clusters yet to be drill tested at the Property and more than 20 km of prospective trend yet to be explored. In the case of CV13, the 2022 and 2023 drill programs are anticipated to underpin a...