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Plateau Energy Metals Inc.
Summary
| Project: | Macusani Plateau | |
|---|---|---|
| Deposit: | Falchani | |
| Location: | Peru | |
| Commodities: | Uranium-Lithium-Potassium | |
| Date: | 7/24/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 24-7-2018: Plateau Energy Metals Inc. announces a Resource Estimation report for its Falchani deposit at the Macusani Plateau project. Initial Lithium mineral resource estimate at Falchani. TORONTO, ONTARIO -- (GlobeNewswire – July 24, 2018) – Plateau Ene | |
| Resources: | (Resource): 121.7Mt @ 0.59% Li2O (Inf.), 40.58Mt @ 0.67% Li2O (Ind.) | |
| CP/QP: | [Resources]: Stewart Nupen (Independent) | |
| ABSTRACT: | TORONTO, ONTARIO -- (GlobeNewswire – July 24, 2018) – Plateau Energy Metals Inc. (“Plateau” “PLU” or the "Company")(TSX VENTURE:PLU)(FRANKFURT:QG1)(OTCQB:PLUUF), a lithium and uranium exploration and development company, is pleased to announce a maiden Lithium Mineral Resource estimate for the Falchani Project located on the Macusani Plateau in the Puno District of southeastern Peru. The estimate was prepared by The Mineral Corporation of South Africa and the NI 43-101 Technical Report in support of the estimate will be filed on SEDAR within 45 days. Also, the Company is pleased to provide clarity on Areas of Cultural and Archeological Significance in the vicinity of the project. Ian Stalker, Executive Chairman and Interim CEO of Plateau Energy Metals, commented: “To report our Maiden Lithium Mineral Resource estimate less than 9 months after our ‘discovery hole’ at Falchani is a wonderful achievement, and everyone associated with PLU can feel tremendously proud of this accomplishment. The estimated size of the Mineral Resources is already significant and large but recognizing this only covers approximately 20% of the current known mineralization envelope PLU expects this resource to grow and grow quickly. Three drill rigs continue work at Falchani to expand out from the already defined resource footprint. This result, and the earlier reported metallurgical work from ANSTO Laboratories in Sydney i.e. low cost open pit mining operations, simple atmospheric acid leaching of the lithium-rich tuff feed material followed by conventional lithium processing steps as envisioned, give us a great ‘kick -off’ point to demonstrate the viability of our project via the planned PEA. We are cognizant of the need to fully comply with all environmental, archeological and community related issues as regulated in Peru and are working hand in hand with our highly respected Peruvian consultants to achieve this. To date our relationship with stakeholder groups has been excellent as evidenced by the ability to produce our maiden Resource over a very short time frame. At Falchani, the lithium mining potential is our target. | |
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