At the beginning of November, Patriot Battery Metals Inc. (TSXV:PMET) (OTCQB: PMETF) announced that their 2022 campaign was completed at the corvette property on October 24 and the company is awaiting results. Patriot also said that they are fully funded for their 2023 winter/spring exploration campaign.
The flagship asset held by Patriot Battery metals is the 100% owned Corvette Property, located in the James Bay Region of Québec. The land package hosts significant lithium potential with drill intercepts of 1.65% Li2O and 193 ppm Ta2O5 over 159.7 m (CV22-042), and 2.22% Li2O and 147 ppm Ta2O5 over 70.1 m, including 3.01% Li2O and 160 ppm Ta2O5 over 40.7 m (CV22-017).
The final hole of the 2022 drill program at the Corvette Property was completed on October 24th, for a total of 26,598 meters over 90 holes The three (3) drill rigs remain at site and will be utilized for the upcoming winter/spring program planned to commence in early January 2023. The drill crews and most support personnel have now been demobilized from site and the final shipment of drill core samples dispatched to SGS laboratory in Lakefield, ON, for analysis.
A fully financed winter/spring drill program is planned to commence in early-January with the three (3) rigs already at site, with an additional two (2) rigs scheduled to mobilize in early February. The five (5) rig drill program is anticipated to continue through the winter into spring.
In a press release issued yesterday evening, Patriot Battery Metals will now be available for trading on the Australian Stock Exchange (ASX) under the symbol PMT. The CEO of PMET Blair Way stated “It is great to be trading on the ASX. With the ASX listing blackout behind us I look forward to getting back to our normal news flow providing progress updates and assay results. Commencing trading on the ASX is a major milestone for the company and I appreciate the significant efforts of our team to make this happen.”
As the company’s 2022 drilling program is complete, a flurry of developments is anticipated as PMET is expecting to receive its backlog of assay results from the lab in the coming weeks as we approach the holiday season and a New Year.
Patriot Battery Metals has been on a monster rally, surging 2,700% over the last year, but does it have more? Increasing a company’s availability to investors in other international markets like the ASX could bring more buying pressure as PMET approaches the announcement of more drill results.