Image of the lithium element.
Source: Adobe Stock Images
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Lithium explorer Patriot Battery Metals Ltd (ASX:PMT) has extended the Vega Zone of its flagship Corvette project in Quebec, with drilling work yielding wide intercepts grading beyond 5 percent lithium oxide (Li2O).

The zone – which will also be a focus of drilling work later in the year – is a flat-lying and shallow dipping body which covers an area of approximately 380 metres by 220 metres, with a true thickness of around 8 to 30 metres, sitting within a wider pegmatite body.

Results from the winter program of drilling at the CV13 Spodumene pegmatite which hosts Vega included 51.7 metres at 1.77 percent Li2O, including 9.7 metres at 5.16 percent Li2O; and 35.3 metres at 2.40 percent Li2O, including 17.4 metres at 3.12 percent Li2O.

Vice President of Exploration Darren L. Smith said the results was an echo of earlier work at Corvette – located in the James Bay region of Quebec – which had also yielded high grades of lithium.

“The final holes from our recently completed winter drill program at CV13 confirm a significant discovery of high-grade spodumene pegmatite at the Vega Zone, with high-grade mineralisation now defined over a significant area,” he said.

“With such high grades present at the Vega Zone – akin to what we see at the Nova Zone at CV5 – including a standout 9.7 m intercept grading over 5% Li2O, the new results clearly validate the considerable potential at CV13 as well as that of the larger mineralized system at Corvette.

“We intend to further delineate this discovery as part of our recently commenced summer-fall drill program.”

Patriot has been trading at 52.5 cents.

pmt by the numbers
More From The Market Online
The words "ASX Market Open" appear alongside a Bear ( FALL ) with a market chart graphic floating above it. The whole image is faded yellow and orange.

ASX Today: XJO down -2% as investors presumably realise 4% CPI isn’t a good thing

When America coughs the world catches a cold, but apparently Australia’s immune system is compromised.

Broken Hill Gold obtains third gold pour from existing heap leach ore at White Dam

Broken Hill Gold has achieved a third gold pour from re-crushed material on the existing heap…
Flexiroam concept traveller using global eSIM network

This ASX comms stock is up +160% over the last year, and just turned profitable. Here’s how FlexiRoam disrupts the market

If you’ve gone travelling overseas in the last few years, you may have heard of eSIMs – in essence, a digital SIM card

Elixir Energy hits milestone at Lorelle-3H well with commencement of post-soak flow testing

Elixir Energy is set to hit a key milestone with a new phase of testing of…