PR Newswire
Patriot Completes Highly Successful In-Fill & Development Drill Program Propelling Shaakichiuwaanaan Down the Development Pipeline
PR Newswire
12 min read

In This Article:

High-grade mineralised intercepts including 100.5 m at 1.62% Li2O from in-fill drilling at the cornerstone CV5 Deposit, plus extensive geotechnical and hydrogeological drill programs completed supporting the Feasibility Study

VANCOUVER, BC, Nov. 27, 2024 /PRNewswire/ -- November 27, 2024 – Sydney, Australia

Highlights

  • Extensive in-fill drilling program successfully completed at the cornerstone CV5 Spodumene Pegmatite Deposit to support the ongoing Feasibility Study.

    • No further in-fill drilling is anticipated to achieve the primary objective of upgrading Inferred Mineral Resources to the Indicated category.

  • Record 65,384 m drilled during summer/fall program, for a total of 128,052 m during calendar 2024, further de-risking and advancing the Project.

  • Wide, well-mineralized, and high-grade pegmatite intercepts from in-fill drilling at CV5.

    • 124.5 m at 1.25% Li2O, including 16.5 m at 2.32% Li2O (CV24-613).

    • 100.5 m at 1.62% Li2O, including 55.5 m at 2.01% Li2O (CV24-651).

    • 77.3 m at 1.66% Li2O, including 17.5 m at 2.16% Li2O (CV24-639).

    • 67.2 m at 1.18% Li2O, and 25.8 m at 2.65% Li2O, including 17.6 m at 3.30% Li2O (CV24-661).

    • 55.1 m at 1.31% Li2O, including 9.5 m at 2.07% Li2O (CV24-609).

    • 44.3 m at 1.47% Li2O and 58.1 m at 1.21% Li2O (CV24-591).

    • 48.5 m at 1.85% Li2O, including 8.5 m at 4.86% Li2O (CV24-616).

  • Expansive geotechnical and hydrogeological drill campaigns also now largely complete at CV5 and at proposed infrastructure development sites – 70 holes (1,514 m) completed as part of the summer-fall program.

  • Core assay results are reported in this announcement for 64 in-fill drill holes (22,408 m) at CV5 and 70 geotechnical & hydrogeological drill holes (1,514 m) to support CV5 development and the ongoing Feasibility Study.

    • Results for 98 drill holes (31,513 m) remain to be reported from CV5 – 90 in-fill (29,754 m) and 8 geomechanical (1,759 m).

    • Results for 33 drill holes (9,950 m) remain to be reported from CV13 – focused on extensions of the high-grade Vega Zone.

  • Delivery of Feasibility Study and maiden Ore Reserve Estimate for the CV5 Spodumene Pegmatite remains on schedule for Q3-2025.

Darren L. Smith, Patriot Executive and Vice President of Exploration, comments: "We are extremely pleased with the considerable amount of work completed and results to date from our 2024 summer-fall drill program, which focused on advancing the CV5 Spodumene Pegmatite to Feasibility. The team has done a phenomenal job executing the program efficiently and cost effectively, delivering high-quality datasets that have exceeded our expectations in many regards. The successful completion of the 2024 drill programs at the cornerstone CV5 Spodumene Pegmatite marks a very significant milestone for the Project, laying the foundations for the Feasibility Study and maiden Ore Reserve Estimate, which remains on schedule for Q3-2025.

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