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Patriot Battery Metals Extends Strike Length of the CV5 Pegmatite to 3.15 km, Corvette Property, Quebec, Canada
Highlights Extension of the CV5 spodumene pegmatite eastwardly by a further 550 m since February. The CV5 spodumene pegmatite has been traced continuously by dr
About this update from Pmet Resources Inc.
[{"type":"text","content":" Highlights Extension of the CV5 spodumene pegmatite eastwardly by a further 550 m since February. The CV5 spodumene pegmatite has been traced continuously by drilling (at ~50 - 150 m spacing) over a lateral distance of at least 3.15 km and remains open along strike at both ends and to depth. Drilling step-outs westward from CV5 towards CV13 has commenced. Core samples for thirty-seven (37) drill holes have arrived at the analytical lab (SGS) with assays for the first group of holes expected to be reported shortly. Six (6) core drilling rigs currently active at the CV5 Pegmatite. As of March 20, 2023, a total of fifty-two (52) drill holes (~20,644 m) have been completed this year, with seven (7) holes (~1,136 m) actively coring. The Company has surpassed the minimum 20,000 m initially targeted to be completed over the winter drill program. Darren L. Smith, Company Vice President of Exploration, comments: “The CV5 Pegmatite continues to grow, having been now traced continuously over a strike length of 3.15 km, drill hole to drill hole, and remains open at both ends along strike, and at depth along most of its length. Although hindered by an uncharacteristically warm winter period, limiting amenability of ice-based drilling, we have been able to meet and already exceed our winter program objectives in terms of meterage drilled and new spodumene pegmatite discovered. We are now within approximately 1.5 km of the CV4 Pegmatite cluster to the east and have just begun to step-out westwardly towards the CV13 Pegmatite cluster.” Blair Way, Company President and CEO, comments: “The Company is well funded through the recently completed $50M flow through financing combined with our existing cash-on-hand and over $15M in outstanding warrants supporting the Company’s continuing drill programs. There remains more than 20 km of geologically favourable trend to be explored for new pegmatite targets and three known spodumene pegmatite clusters yet to be drill tested. The ongoing advancement of the CV5 Pegmatite to an initial mineral resource estimate and subsequent Pre-Feasibility underway is expected to continue to de-risk the CV5 project area. The exploration and development team continues to execute, and the drill bit continues to deliver. We are off to a fantastic start in 2023 and look very forward to another transformative year for the Com...