Preliminary Mineralogy Confirmation – GuruFocus.com


Strong points

  • Initial mineralogy performed on selected samples from drill holes CF21-001 and 002 (CV5 Pegmatite), 004 (CV6 Pegmatite) and 014 (CV12 Pegmatite) indicates:
    • Spodumene is the main lithium-bearing mineral present – ​​samples probed grading >0.4% Li2O, spodumene accounts for 86-99% of the lithium content
    • No significant petalite, lithium phosphate or apatite minerals present
    • Columbite/tantalite are the main tantalum-containing minerals present
  • Preliminary metallurgical program initiated at SGS Canada (Lakefield) supported by 225 kg of drill core samples from holes CF21-001 and 002 at pegmatite CV5
    • The main objective is to develop a preliminary processing scheme to produce spodumene concentrate – grade >6% Li2O – high recovery
    • Focused on characterization and mineralogy of head samples, grindability, heavy liquid separation (HLS), dense media separation (DMS), magnetic separation and flotation

VANCOUVER, British Columbia, June 07, 2022 (GLOBE NEWSWIRE) — Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (PMETF) (FSE: R9GA) is pleased to announce the results of the initial mineralogical characterization of drill core samples from the 100% owned Corvette property (the “Property”), as well as the start of a preliminary metallurgical testwork program. The property is located close to the Trans-Taïga Highway and regional and all-weather power line infrastructure in the James Bay region of Quebec.

Initial mineralogical work was performed by SGS Canada on twenty-two (22) analytical drill core reject samples taken from four (4) of the first five (5) drill holes to target lithium pegmatite in 2021 – CF21 -001 and 002 (CV5 Pegmatite), CF21-004 (Pegmatite CV6) and CF21-014 (Pegmatite CV12). All samples were analyzed by XRD (X-ray diffraction) for modal mineralogy, four (4) samples by TIMA-X (Quantitative Evaluation of Materials by Scanning Electron Microscopy) for mineral associations and elemental behavior, and four ( 4) samples by Probe Electron Micro-Analysis (EPMA) and laser ablation by Inductively Coupled Plasma Mass Spectrometry (LA by ICP-MS) for mineral chemistry. The purpose of the mineralogy work is to provide a preliminary characterization of the lithium pegmatite at Corvette and to guide preliminary metallurgical (mineral processing) testwork.

Modal mineralogies for pegmatites, as determined by XRD, support the logging of geologic cores. Major minerals include quartz, feldspar (albite, microcline), and spodumene, with minor minor muscovite and tourmaline as accessories. Rare accessory minerals (generally

The combined mineralogy and mineral chemistry results indicate that spodumene is the primary lithium-bearing mineral at Corvette. No petalite or lithium phosphate minerals were observed from XRD; although traces of lepidolite minor (Li mica) and lithium-bearing muscovite and tourmaline are present in some samples. However, where spodumene is present, it is the dominant lithiated mineral. In addition, among the samples probed grading > 0.4% Li2O, spodumene accounts for 86-99% of the lithium content, which further confirms that the quality of lithium is carried by spodumene. Collectively, these preliminary results indicate that the mineral spodumene transports the vast majority of lithium to Corvette and supports the visual observations of field geologists.

An additional suite of core billets and analytical rejects is being compiled for follow-up mineralogical analysis which will include XRD, TIMA-X, EPMA, LA by ICP-MS, as well as thin section analysis. The work will improve the understanding of Corvette pegmatites and guide metallurgical testing programs.

In addition to initial mineralogical work, a preliminary metallurgical testwork program is currently underway at SGS Canada’s facility in Lakefield, Ontario. Approximately 225 kg of NQ quarter core samples, including mineralized intervals from drill holes CF21-001 and 002, have been received by the laboratory for initial testing. The preparation of the material has just been completed and the trial work has started.

Testing should include main sample characterization and mineralogy, grindability, heavy liquid separation (HLS), dense media separation (DMS), magnetic separation and flotation. The primary objective of the preliminary metallurgical program is to evaluate the beneficiation performance of the Corvette material using a conventional lithium pegmatite flowsheet and produce a spodumene concentrate >6% Li2O and 2O3while maximizing lithium recovery.

About CV Lithium Trend

The CV Lithium Trend is an emergent spodumene-bearing pegmatite district discovered by the Company in 2017 and spans the FCI West, FCI East and Corvette claim blocks. The central area includes an approximately 2 km long corridor (the CV5-1 Corridor), which is part of the more than 25 km long CV Lithium trend extending through the property. It consists of numerous spodumene-bearing pegmatite occurrences, which include pegmatites CV1, CV2, CV3, CV5, CV6, CV7 and CV11 and returned drill intersections of 0.94% Li2O and 117 ppm Ta2O5 over 155.1 m (CF21-002), and 2.22% Li2O over 70.1 m including 3.01% Li2O for 40.7 m (CV22-017). Drilling to date indicates a main pegmatite body of significant size and has been drill traced for a distance of at least 1.4 km and, therefore, is considerably larger than that seen in the outcrop. The high number of well-mineralized pegmatites in this central area of ​​the trend indicates strong potential for a series of relatively closely spaced/stacked, sub-parallel, large spodumene-bearing pegmatite bodies with significant lateral and depth extent. . present.

Qualified person

Darren L. Smith, M.Sc., P. Geo., Vice President of Exploration of the Company, holder of a license registered with the Ordre des geologues du Québec and qualified person as defined by the Standard 43-101, has reviewed the information contained in this press release.

About Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a mining exploration company focused on acquiring and developing mining properties containing battery, base and precious metals.

The Company’s flagship asset is the Corvette property, located near the Trans-Taïga Highway and power line infrastructure corridor in the James Bay region of Quebec. The land package hosts significant lithium potential evidenced by the CV5-1 spodumene pegmatite corridor with drill intersections of 0.94% Li2O and 117 ppm Ta2O5 over 155.1 m (CF21-002), and 2.22% Li2O over 70.1 m including 3.01% Li2O for 40.7 m (CV22-017). In addition, the property hosts the Golden Gap corridor with grab samples ranging from 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drilling, and the Maven corridor with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop.

The Company also owns 100% ownership of the Freeman Creek gold property in Idaho, United States, which hosts two potential gold prospects – the Gold Dyke prospect with a 2020 drill hole intersection of 4.11 g /t Au and 33.0 g/t Ag over 12 m, and the Carmen Creek prospect with surface sample results including 25.5 g/t Au, 159 g/t Ag and 9.75% Cu.

The Company’s other assets include the Pontax Lithium-Or, QC property; and the Hidden Lake Lithium property in the Northwest Territories, where the Company holds a 40% interest, as well as several other assets in Canada.

For more information, please contact us at [email protected] Tel: +1 (778) 945-2950, ​​or visit www.patriotbatterymetals.com.

On behalf of the Board of Directors,

THE BLAIR WAY

Blair Way, President, CEO and Director

Disclaimer for forward-looking information

This press release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by words such as “will”, “may”, “should”, “anticipate”, “expect” and similar expressions. All statements, other than statements of historical fact, included in this press release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include results of additional exploration and testing, and other risks detailed from time to time in the Company’s filings with regulatory authorities. Securities Regulation, available at www.sedar.com. Readers are cautioned that the assumptions used in preparing any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those anticipated due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Readers are cautioned not to place undue reliance on forward-looking information. Such information, although considered reasonable by management when prepared, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release and the Company will publicly update or revise any of the forward-looking statements included as expressly required by applicable law.

No securities regulatory authority or stock exchange has reviewed or accepts responsibility for the adequacy or accuracy of the contents of this press release.

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