IRW-News: Patriot Battery Metals Inc.: Patriot Battery Metals Announces a Drilling Program at its Corvette-FCI Property, Quebec, Canada

Vancouver, BC, Canada, August 24, 2021 – Patriot Battery Metals Inc. (Company or Patriot) (CSE: PMET) (OTCQB: RGDCF) (FWB: R9GA) is pleased to announce its plans for an initial drill program here. Corvette Property – FCI (Property), located in the James Bay area of ​​Quebec. The program will focus on the CV5-6 spodumene pegmatites, part of the 25 km long CV lithium trend, and the Alsace and Lorrain prospects, part of the 10 km long Maven copper-gold-silver trend. The drill program is the first drill test with these two highly probable trends to date and the company’s first drill program on the property.

The Company selected Forage Fusion Drilling Ltd., Hawkesbury, Ontario to complete a diamond drilling program on the property, led by Dehrouge Geological Consulting Ltd., Edmonton, AB. The initial drill program will consist of 15 to 20 NQ sized core holes totaling about 2,000 m. The drilling teams are expected to converge in the first half of September 2021. About one third of the meter drilling is expected to be on the CV lithium trend and the remaining two thirds on the Maven copper-gold-silver trend.

Blair Way, President and Director, commented, “We are thrilled to finally be able to test these two trends that have never been tested in depth before. The company has successfully completed an intensive exploration program in recent years. This has identified a new lithium district in a trend of 25 km, most of which is company-owned, and has identified the strongest copper-gold-silver performance on the property detected to date.

The Maven copper-gold-silver trend consists of numerous mineralization and occurrences over a 10 km corridor on the property. Highlights from surface samples (and their associated phenomena) include: 3.63% Cu, 0.64 g/t Au and 52.3 g/t Ag (Alsace), 8.15% Cu, 1.33 g/t Au and 171 g/t Ag (Alsace). Lorraine),

3,28% Cu, 0,78 g / t Au, and 30,1 g / t Ag (Hund), 3,36% Cu, 0,82 g / t Au, 38,4 g / t Ag (Tyrone- T9) and 1.75% Cu,

1.47 g/t Au and 40.5 g/t Ag (lac Smokekat-SO). The company is currently conducting an IP geophysical resistivity survey on the core area of ​​the trend as an end tool to more accurately determine the locations of the first well (see press release dated August 19, 2021). The predominant rock type in Maven is amphibolite with chalcopyrite – quartz ± pyrotite mineral spectra. Chalcopyrite is often associated with quartz and occurs as dispersions in quartz veins or as semi-giant veins. No drilling tests done in maven trend yet.

The CV lithium trend is a new spodumene pegmatite district discovered by the company in 2017 and spans the FCI West, FCI East and Corvette concessions. The core area comprises an approximately 2 km long corridor of several spodumene pegmatite events, the main attraction of which is CV5 pegmatite – a large (~220 m long and 20–40 m wide), highly mineralized outcrop. The samples collected here contained an average of 3.00% Li2O and 154 ppm Ta2O5, with a maximum of 4.06% Li2O and 564 ppm Ta2O5. The high number of highly mineralized pegmatites in this core area indicates strong potential for the existence of a series of relatively closely spaced, sub-parallel and large spodumene-bearing pegmatite bodies with considerable lateral and depth extension. No drilling trials have yet been conducted on CV Lithium Tendency or CV5 pegmatite. See map 1 and 1.1

Upon completion of the work program planned for 2021, the company expects to acquire a 50% interest in the FCI East and West concession blocks from O3 Mining Inc., which exceeds the minimum required exploration expense of $2.25 million. Subject to the terms of the option agreement, the Company may obtain an additional 25% interest in the FCI East and West concession blocks by financing the next $2 million of exploration expense for a total of 75% interest.

The Company advises that a COVID Management Plan has been developed for this program and that the Company will continue to conduct its regional programs in compliance with all state and provincial and territorial restrictions during the COVID-19 pandemic. Mineral exploration is recognized as a major service in Canada and the province of Quebec.

qualified specialist

Darren L. Smith, MSc, PGO, Vice President of the Company and a qualified individual as defined by National Instruments 43-101, oversaw the preparation of the technical information in this news release.

Uber Patriot Battery Metals Inc.

Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of mineral projects involving batteries, bases and precious metals.

The company’s principal assets are the 100% owned Corvette property and FCI property (under an option of O3 Mining Inc.) in the James Bay area of ​​Quebec, and the Freeman Creek Gold property in Idaho, USA.

The Corvette-FCI assets include 100% of the Company’s Corvette Claim Blocks and the FCI East and West Claim Blocks that have been selected for the Company by O3 Mining Inc. The claim blocks are contiguous and have a significant gold-silver-copper-PGE-lithium potential, with samples of 3.1 to 108.9 g/t Au from outcrops and 10.5 g Au/7 m drill samples highlighted from the Golden Gap prospect. was received. Alsace and Lorraine target areas with 8.15% Cu, 1.33 g/t Au and 171 g/t Ag in the outcrop and CV1 pegmatite likely with 2.28% Li2O over 6 m in the channel.

The Freeman Creek property hosts two major advanced targets: Gold Dike Probability over 12 meters with a 2020 drill result of 4.11 g/t Au and 33.0 g/t Ag; and Carmen Creek with likely surface sampling results. including 25.5 g/t Au, 159 g/t Ag and 9.75% Cu.

The company also owns Pontex (QC) Lithium Gold Property, Golden Silica Property, British Columbia and Hidden Lakes Lithium Property (Northwest Territories), in which the company holds a 40% interest, and several other properties in Canada.

For more information, please contact us at [email protected] or at +1 (604) 279-8709 or visit our website at www.patriotbatterymetals.com.

for board of directors

Blair Way

Blair Way, President and Director

Adrian Lamoureux

Adrian Lamoureux, CEO and Director

Disclaimer for forward-looking information

The statements contained in this press release, including statements about our plans, intentions and expectations that are not historical in nature, should be construed as forward-looking statements and are hereby designated as such. Forward-looking statements can be identified by words such as estimate, believe, intend, estimate, expect and similar expressions. The Company advises readers that forward-looking statements are subject to certain risks and uncertainties, without limitation, relating to the Company’s future operations and business prospects, which could cause actual results to differ materially from those of forward-looking statements.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

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map 1

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Map 1.1

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