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

Invictus Energy awards key services contract to SLB for Musuma-1 well

Invictus Energy is on target to follow-up southern Africa's biggest recent discoveries with the drilling of…
HotCopper Daily Market Trends Graphic

Friday’s HotCopper trends: Buru Energy, Invictus Energy, BPM Minerals and other daily topics

With more than 600k average monthly users on the HotCopper forums, each and every discussion can…

PYC Therapeutics doses first patient in OLE study supporting kidney disease candidate

PYC Therapeutics has dosed the first patient in a Part D open-label extension (OLE) of an…

Auravelle Metals commences gold discovery aircore program at Nuckulla Hill

Auravelle Metals has commenced testing new drill targets at the Nuckulla Hill gold project in South…