PMT 1.14% 43.5¢ patriot battery metals inc.

Ann: New High-Grade Zone Discovered at CV13 - 34.4m @ 2.90% Li2O, page-92

  1. 21 Posts.
    lightbulb Created with Sketch. 44
    "CV13 was DOWN DIP. A cross section should never have been allowed, if it turns out to be a flat lying peg, so be it. thats great. But it was drilled DOWN DIP."

    False and answered before, read here: https://hotcopper.com.au/threads/ann-new-high-grade-zone-discovered-at-cv13-34-4m-2-90-li2o.7989078/page-52?post_id=73747077

    "You do not have a greater tonnage based on a Jorc rather that the Ni-blah blah. Your pegmatite body is a long an oblong dyke, its not wider, its deeper, if you apply a pit constraint, apply the 2500 version for a depth of 300m plus, your width is not a factor."

    False again, huge difference between pit vs no pit constraint resource. See cross section from CV5 MRE below:

    https://hotcopper.com.au/data/attachments/6162/6162950-8a3bd6d8fb4371eb87ffb4b785276280.jpg
    All the red ore body (pegmatite) above that is not within the pit shell, doesn't get included into the final 43-101 (pit-constrained) resource. It's a huge difference. Consider that when comparing with other JORC resource estimates/deposits. If it's not in the pit, it's not mineable resource. Even well before the MRE, posters on HotCopper estimated 125-135 Mt resource (without a pit shell): https://hotcopper.com.au/threads/pmt-megathread.7170697/page-551?get_post=true

    Many additional posts on ceo.ca and elsewhere that calculate tonnage. Strike length since the MRE has significantly expanded, and CV13 has been extensively drilled. Still sure Patriot doesn't already have a +200 Mt resource without a pit constraint?
    Last edited by neometals: 11/05/24
 
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