VANCOUVER, British Columbia, Oct. 08, 2021 (GLOBE NEWSWIRE) — Patriot Battery Metals Inc. (the “Company” or “Patriot”) (CSE: PMET) (OTCQB: RGDCF) (FSE: R9GA) is pleased to announce it has completed a Property-wide remote sensing survey, which will be followed shortly by a tightly spaced, high-resolution magnetic survey, at the Corvette-FCI Property (the “Property”), located in the James Bay Region of Quebec.
Blair Way, Company President and Director, comments: “the remote sensing program has generated numerous targets across the property reflecting alteration zones potentially associated with Cu-Au-Ag mineralization, as well as potential pegmatite outcrops which are key targets for lithium in this geological setting. As crews are currently in the field supporting the ongoing drill program, the Company will take the opportunity to ground-truth some of these targets to expand its understanding of the Property.”
KorrAI of Halifax, NS, completed the remote sensing survey over the Property. KorrAI is an advanced earth observation technology company and is using advanced satellite imagery, integrated artificial intelligence, and machine learning to identify undiscovered mineralized outcrops. KorrAI’s proprietary technologies and processes fuse a variety of datasets and integrate known mineralized analogues and other internal company data to identify priority areas of interest. The exploration tool is a cost effective and systematic approach to identifying targets for prospecting follow-up over highly prospective trends such as the Maven Copper-Gold-Silver Trend and the CV Lithium Trend present on the Property.
The Company has engaged ProspectAir Geosurveys Inc. of Gatineau, QC, to complete a tightly spaced (50 m lines), high-resolution heliborne magnetic geophysical survey over a large portion of the Property. The survey will improve geological interpretation and identify primary and secondary structures which may control several mineralization styles on the Property, and serve an additional layer to qualify drill targets.
The Company notes that it has developed a COVID Management Plan for the program and will carry-out its field programs while adhering to all federal, provincial, and regional restrictions in place due to the COVID-19 pandemic. Mineral exploration has been recognized as an essential service in Canada and the Province of Quebec.
Darren L. Smith, M.Sc., P. Geo., Vice President of Exploration for the Company and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
About Patriot Battery Metals Inc.
Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of mineral projects containing battery, base and precious metals.
The Company’s flagship assets are the wholly owned Corvette Property and the FCI Property (held under Option from O3 Mining Inc.) located in the James Bay Region of Québec, and the 100% owned Freeman Creek Gold Property, located in Idaho, USA.
The Corvette-FCI Property includes the wholly owned Corvette claim block, and the FCI East and West claim blocks held under Option from O3 Mining Inc. The claim blocks are contiguous, and host significant gold-silver-copper-PGE-lithium potential highlighted by the Golden Gap Prospect with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drill hole, the Elsass and Lorraine prospects with 8.15% Cu, 1.33 g/t Au, and 171 g/t Ag in outcrop, and the CV1 Pegmatite Prospect with 2.28% Li2O over 6 m in channel.
The 100% owned Freeman Creek Gold Property hosts two major advanced targets – 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.
In addition, the Company holds the Pontax Lithium-Gold Property, QC; the Golden Silica Property, BC; and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.
On Behalf of the Board of Directors,
|“BLAIR WAY”||“ADRIAN LAMOUREUX”|
|Blair Way, President & Director||Adrian Lamoureux, CEO & Director|
Disclaimer for Forward-Looking Information
Statements included in this announcement, including statements concerning our plans, intentions, and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release