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Plateau Energy Metals Inc.
Summary
| Project: | Macusani Plateau | |
|---|---|---|
| Deposit: | Falchani | |
| Location: | Peru | |
| Commodities: | Uranium-Lithium-Potassium | |
| Date: | 9/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 20-9-2018: Plateau Energy Metals Inc. announces an Exploration/Drilling Update report for its Falchani deposit at the Macusani Plateau project. Drilling results incl. 71m @ 0.69% Li2O from 100m. TORONTO, Sept. 20, 2018 -- Plateau Energy Metals Inc. (“Plat | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ted O'Connor (Internal) | |
| ABSTRACT: | TORONTO, Sept. 20, 2018 -- Plateau Energy Metals Inc. (“Plateau” “PLU” or the "Company")(TSX VENTURE:PLU) (FRANKFURT:QG1)(OTCQB:PLUUF) is pleased to announce extensions to its Falchani “East” lithium deposit, the entering into of community agreements and initiation of drilling at Falchani “West”. “We have successfully demonstrated potential extensions to our maiden lithium resource in the Falchani East area, as well as conducted targeted in-fill drilling with a goal of upgrading current inferred resource tonnes” commented Alex Holmes, CEO. “Our community team has once again successfully worked with our host communities to access Falchani West for our 2018 drill program, targeted at near surface and outcropping lithium host units.” The Falchani East drill program to date and going forward is designed to outline extensions to the known deposit area as well as in-fill drilling targeted in areas of currently defined inferred resources. The Company will be mobilizing its fourth rig to Falchani East to continue increasing drill density through the end of 2018. The Falchani West target area is a new, undrilled zone identified through ground mapping and sampling where highly anomalous lithium values have been identified to date. Falchani West is located across a relatively shallow valley, approximately 5km West of Falchani East’s maiden resource announced July 2018. The target is outcropping on surface to under moderate shallow cover and extends >1km E-W by approximately 1.7km N-S based on surface sampling. The lithium tuff and upper and lower breccia units outcrop on the Eastern slope at Falchani West and are interpreted as a continuation of the Falchani East lithium zones. Three rigs are currently drilling at Platform 12, 13 and 14 and exploration will continue through the end of 2018. | |
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