The Patriot Battery Metals CV5 Spodumene Pegmatite is well on its way to become the most important lithium pegmatite mineral resource in the Americas and the eighth most important in the world.
At its entirety owned Corvette Asset in the Eeyou Istchee James Bay region of Quebec, Patriot Battery Metals Inc. (TSX-V: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is glad to report the CV5 Spodumene Pegmatite’s initial mineral resource estimate.
Within 50 km of the La-Grande 4 (LG4) hydroelectric dam complex, the CV5 Spodumene Pegmatite can be found to the south of the regional and all-weather Trans-Taiga Road and powerline infrastructure corridor.
At a cut-off grade of 0.40% Li2O, CV5’s mineral resource estimate yields 109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 inferred, for an overall quantity of 3,835,000 t contained lithium carbonate equivalent, solidifying CV5’s position as the largest lithium pegmatite mineral resource in the Americas and the eighth largest internationally.
According to the geological model that forms the basis of the MRE, there is a single, continuous, major spodumene pegmatite body that ranges in actual thickness from 8 metres to upwards of 130 metres, extends over a strike length of roughly 3.7 kilometres (drill hole to drill hole), and is surrounded by many subordinate lenses.
CV5 is still open at both ends along strike and to depth for a considerable amount of its length, indicating that there is substantial expansion potential described by the resource and geological modelling.
This first MRE only covers the CV5 Spodumene Pegmatite and does not include any of the other known spodumene pegmatite clusters on the Property, which are CV4, CV8, CV9, CV10, CV12, and CV13. The MRE at CV5 is supported by eleven 63m outcrop channels and 163 diamond drill holes drilled throughout the 2021, 2022, and 2023 drill programmes.
The CV5 Spodumene Pegmatite is the largest lithium pegmatite resource in the Americas, as determined by the first MRE done in conformity with NI 43-101, JORC, or an equivalent regulatory authority.
In addition, utilising the same sources of information and measurements, CV5 rates as the eighth best lithium pegmatite resource in the world. This places it in the top 10 globally. With only its initial mineral resource estimate, CV5 is already firmly established as a Tier 1, world-class lithium pegmatite thanks to the criteria and context presented here.
The CV5 Pegmatite has a considerable amount of tantalum as a potentially recoverable by-product in addition to the lithium, which is the major resource of significance. The inferred amounts are 109.2 million tonnes of tantalum with 1.42% lithium oxide and 160 parts per million tantalum oxide. Initial mineral analysis of the CV5 site indicates that tantalite, a mineral containing tantalum, is present and may be extracted from the primary lithium recovery processes tailings.
Darren L. Smith, VP of Exploration of the company, says:
This maiden mineral resource estimate at CV5 is the culmination of an aggressive 20-month drill campaign that kicked off with our discovery hole in fall 2021, and is nothing less than a team effort to get us here. This first resource has firmly established CV5 as a Tier 1 spodumene pegmatite asset, already ranking as the largest lithium pegmatite resource in the Americas, as well as in the top 10 resources globally.
