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Corvette Property

Corvette Property: CV1, 2, 5 and 6 Fly Over (Moving West)

QUEBEC

JAMES BAY REGION

EMERGING LITHIUM DISTRICT

  • Corvette Property located upper James Bay
  • ~15 km from all weather road access
  • ~15 km from James Bay Hydro Power lines
  • Proximal to existing James Bay Lithium Deposits
    • James Bay – Proven & Probable 37.2Mt at 1.3% Li2O
    • Rose – Probable Reserve – 26.8 Mt at 0.85% Li2O & 133ppm Ta2O5
    • Whabouchi – Proven & Probable – 27.9Mt at 1.33% Li2O
    • Moblan – Proven & Probable – 10.7Mt at 1.40% Li2O

Sources:

Allkem – Feasibility Report Dec 2021;

Critical Elements Lithium Corp NI43 – 101 Technical Report Nov 29, 2017;

Nemaska Lithium Inc, NI43-1010 Technical Report Aug 2019;

Guo Ao Feasibility Study Report 2019

Management cautions that past results or discoveries on proximal properties may not necessarily be indicative to the mineralization present on the Company’s properties

CORVETTE

GEOLOGY

  • Situated within the La Grande Greenstone Belt, the Corvette Property hosts significant mineral potential over multiple deposit types
  • The CV Lithium Trend is an emerging spodumene pegmatite district discovered by the Company in 2017
  • Patriot Battery Metals owns 100% of over 210 km2 along a
    50 km lithium pegmatite trend.
    • Over 20 km trend of lithium pegmatites outcrops identified to date
    • Orogenic gold (greenstone/lode)
    • Volcanogenic Massive Sulphides
    • Komatiite (ultramafic) Ni-Cu-PGE
    • Magmatic-hydrothermal
Corvette Geology Map. Click to Enlarge

CORVETTE PROPERTY

HOLDINGS

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CV8 Outcrop. Click to Enlarge
CV1 Metre long Spodumene Crystals . Click to Enlarge
CV1 Metre long Spodumene Crystals . Click to Enlarge

CORVETTE CV5-6

Lithium Pegmatites

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CV5 pegmatite outcrop – 220m x 40m

Intervals presented are core length. True width of intervals is not well constrained although geological modeling indicates a true width of the pegmatite body in the area to be approximately 60m.

CV5

CF21-001: 0.93% Li2O, 114ppm Ta2O5 over 146.8m, including 1.09% Li2O, 108ppm Ta2O5 over 73.0m, & including 1.01% Li2O, 145ppm Ta2O5 over 54.6m

CF21-002: 0.94% Li2O, 117ppm Ta2O5 over 155.1m, including 1.38% Li2O, 160ppm Ta2O5 over 38.0m, & including 1.14% Li2O, 104ppm Ta2O5 over 44.0m

CF21-003: 1.25% Li2O, 194ppm Ta2O5 over 58.1m, including 1.80% Li2O, 264ppm Ta2O5 over 33.0m

CORVETTE

DRILL HOLE RESULTS

  • The first drill hole of the program (CF21-001) was collared approximately 30 m back from CV5 and returned a 146.8 m interval of near continuous pegmatite, assaying 0.93% Li2O and 114 ppm Ta2O5, including 1.09% Li2O and 108 ppm Ta2O5 over 73.0 m, and 1.04% Li2O and 145 ppm Ta2O5 over 54.6 m.
  • The second drill hole of the program (CF21-002) was collared approximately 107 m east of the first hole (CF21 001), and approximately 35 m back from the CV5 pegmatite outcrop and returned a 155.1 m interval of near continuous pegmatite, assaying 0.94% Li2O and 117 ppm Ta2O5, including 1.38% Li2O and 160 ppm Ta2O5 over 38.0 m, and 1.14% Li2O and 104 ppm Ta2O5 over 44.0 m.
Click to Enlarge
  • The third drill hole of the program (CF21-003) was collared approximately 20 m from the CV5 Pegmatite outcrop, on its north side. As the first two drill holes (CF21-001 and 002), collared on the southside of CV5, indicated the pegmatite had a conformable strike; however, a non-conformable dip to the local geological fabric, the third hole was designed to constrain the dip direction at this location. Drill hole CF21-003 returned a well mineralized pegmatite interval assaying 1.25% Li2O and 194 ppm Ta2O5 over 58.1 m, including 1.80% Li2O and 264 ppm Ta2O5 over 33.0 m. The drill hole indicates a moderate to steep dip to the north-northwest at this location, and infers a true width of the pegmatite to approximate 60 m.
  • The fourth drill hole of the program (CF21-004) was collared approximately 20 m from the CV6 Pegmatite outcrop, on its south side, approximately 550 m west-southwest and along strike of drill holes CF21-001 and 003, and returned a pegmatite intersection of 63.6 m assaying 0.64% Li2O and 223 ppm Ta2O5, including 30 m at 1.13% Li2O and 180 ppm Ta2O5. With over 223 ppm Ta2O5 across the entire length of pegmatite at this location, the potential for a highly fractionated pegmatite with discrete zones of unique mineralization is implied for the CV Lithium Trend.

CORVETTE CV1-2

Lithium Pegmatites

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CV1

Channel sample CV1 – CH03, 1.36% Li2O, 128ppm Ta2O5 over 11m

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CORVETTE LITHIUM TREND

LITHIUM PEGMATITES

  • Many outcrops are yet to be mapped and channel sampled which is targeted for summer 2022 program
  • Outcropping lithium pegmatites identified over 20 km trend to date
  • Remaining 30 km of trend to be explored for lithium pegmatite outcrops

 

The high number of well-mineralized pegmatites in this core area of the trend indicates a strong potential for a series of relatively closely spaced / stacked, sub-parallel, and sizable spodumene-bearing pegmatite bodies, with significant lateral and depth extent, to be present

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CORVETTE EAST

Lithium Pegmatites

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CORVETTE WEST

LITHIUM PEGMATITES

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CORVETTE

Lithium INFRASTRUCTURE

With only 15 km to the High Voltage power lines connected to one of the worlds largest hydro power schemes in the world, there is potential for PMET to produce ‘green lithium’.

Le Grande 4 Hydro Power station – 42 km away from CV1. Click to Enlarge
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Darren L. Smith, V.P. Exploration, at Metals Investors Forum

Darren L. Smith’s Presentation

Darren L. Smith’s Interview

Note: Patriot Battery Metals was formerly known as Gaia Metals Corp.

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