Patriot Battery Metals announces discovery of new lithium pegmatite cluster
Patriot Battery Metals (TSX-V: PMET) announced yesterday that it discovered a new and significant lithium pegmatite cluster at its Corvette property.
The cluster, CV13, is situated less than 4.5 km from its CV5‑1 pegmatite corridor where drilling is currently focused.
The company traded up 27% to $4.39 a share in the past five days.
The new discovery is located central to the property and approximately 15 km south of the Trans-Taiga all-weather road and powerline infrastructure corridor.
The Corvette property is 100%-owned by Patriot and located in James Bay Region of Québec.
Darren L. Smith, the Company’s Vice President of Exploration, said he was excited.
“The Corvette Property continues to impress with an abundance of lithium pegmatite and potential for further discovery as evidenced by the CV13 pegmatites," said Smith. "The CV13 pegmatites are situated directly on trend between the CV5-1 pegmatite corridor being actively drilled and the CV8 pegmatite, which remains to be drill tested. We are very excited to explore this area in 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 lithium pegmatite emplacement. The discovery of CV13 Pegmatite cluster is an excellent example of grassroots exploration and geological targeting bearing fruit through the work ethic of a dedicated and focused exploration team.”