Mike Fagan,
Editor
Aug. 25, 2021
Patriot Battery Metals (CSE: PMET)(OTC: RGDCF), formerly Gaia Metals — currently trading around C$0.40 per share — has announced plans for an inaugural drill program at its flagship Corvette-FCI gold-copper-silver-lithium project in the James Bay Region of Quebec, Canada.
Commencing next month, the 15 to 20 hole program will focus on copper-gold-silver targets along the 10 km Maven Trend as well as lithium targets along the 25 km CV Lithium Trend — marking the first-ever drill testing to-date along these two highly-prospective trends at Corvette-FCI.
Patriot CEO, Blair Way, commented via press release:
“We are thrilled to be finally drill testing these two trends that have never been tested at depth before. The Company has successfully carried-out a grass roots exploration campaign over the past several years, which has identified an emerging lithium district over a more than 25 km trend dominantly held by the Company, as well as discovered some of the strongest Cu-Au-Ag prospects to date on the Property. This initial drill program will orient an aggressive follow-up drill campaign with the objective of unlocking the significant potential of the Property and building shareholder value in the process.”
At the Maven Trend, the company is in the process of completing an IP-resistivity survey to refine initial drill hole locations at the Elsass and Lorraine prospects where surface sampling has returned high-grade copper values up to 3.63% (Elsass) and 8.15% (Lorraine).
And slightly to the east at the CV Lithium Trend, the Patriot field team is targeting an area characterized by 200 to 300 meters of outcrop with surface values up to 4.72% lithium oxide, indicating potential for sizable spodumene-bearing pegmatite bodies at-depth.
Upon completion of the work programs, the company fully expects to have earned-in its 50% interest in the FCI East and West claim blocks from O3 Mining, having exceeded the minimum $2.25M in exploration expenditures.
Patriot is also targeting gold-silver-copper mineralization at its 100%-owned Freeman Creek project in Idaho, USA, where last year’s drilling at the Gold Dyke prospect intersected 4.11 grams per tonne (g/t) gold and 33 g/t silver over 12 meters. The team is also focused on the Carmen Creek target which has produced solid gold-silver-copper grades through surface sampling and has yet to be drill tested.
And just last month, Patriot entered into the rare earth metals exploration space with the acquisition of Global Green Energy Acquisition Corp. which includes the Maicasagi Rare Earth Element (REE) property in the Abitibi region of Quebec, Canada.
So plenty of near-term catalysts brewing for Patriot Battery Metals as the company ramps up exploration and drilling activities across a wide array of green-energy metals projects in Tier-1 jurisdictions.
Be sure to also click here for the latest interview that Junior Resource Monthly's Gerardo Del Real had with Patriot Battery Metals' President Blair Way.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest readers.
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