Patriot Lithium Limited (ASX:PAT) Reports High Grade Assays
High-Grade Copper and Gold Discoveries
Patriot Lithium Limited (“Patriot” or the “Company”) recently completed a channel sampling program at the Katwaro Copper Project in Zambia. The program has returned high-grade copper and gold results. Notably, the best channel sample returned 4.45% Cu and 2.59g/t Au over a 2.0m width. The entire southeastern channel averaged 1.16% Cu and 0.68g/t Au over 14.0m, demonstrating the project’s potential for a significant copper/gold deposit.
Geological Insights and Future Plans
Geological mapping across the license area has identified several NW-SE trending quartz-carbonate metasiltstone zones, which align with regional geological trends. Following the promising results, the Company plans to initiate a first-pass drilling program in 2025. The Chairman of Patriot, stated, “We could not have wished for a better start to our copper exploration program in Zambia. These results enable us to finish the year strong.”
Project Background
The Katwaro Copper Project, located approximately 10km northeast of Mumbwa and covering about 400 hectares, is under an 80% interest option agreement. The project area involves a historical open pit mine previously exposing copper-bearing metasediments, indicating strong potential for further exploration.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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