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Plateau Energy Metals Inc.
Summary
| Project: | Macusani Plateau | |
|---|---|---|
| Deposit: | Falchani | |
| Location: | Peru | |
| Commodities: | Uranium-Lithium-Potassium | |
| Date: | 7/3/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 3-7-2018: Plateau Energy Metals Inc. announces an Exploration/Drilling Update report for its Falchani deposit at the Macusani Plateau project. Drilling results incl. 82m @ 0.72% Li2O from 41.0m. TORONTO, ONTARIO -- (GlobeNewswire – July 3, 2018) – Plateau | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ted O'Connor (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO -- (GlobeNewswire – July 3, 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 continued strong results from four recently completed vertical and one inclined diamond drill holes from Platform 10, Platform 25 and Platform 6, located up to 1 km north of previously announced drilling and Platform 19A located towards the southeastern edge of current drilling at the Falchani project, on the Company’s Macusani Plateau Project in southeastern Peru. Ian Stalker, Executive Chairman and Interim CEO of Plateau Energy Metals, commented: We now expect our maiden lithium mineral resource estimate for Falchani, to be finalized and reported early in this 3rd Quarter. It is important to note that the drilled area that will be covered in this initial Resource, will cover only +/- 25% of the known extent of the mapped lithium-rich tuff unit, and we therefore expect Falchani to grow much larger. The large footprint and thick intersections of lithium-rich tuff at Falchani have remained very consistent, as have the high grades. We remain confident Falchani can eventually grow into one of the largest open-pittable near surface lithium deposits in the world. Drilling continues with three Company-owned rigs at Falchani. The snowy weather that caused the minor delays and contributed to the ‘lost holes’, has ceased for the moment. On-going test-work at ANSTO Minerals that will culminate in laboratory-based production of Lithium Carbonate from our Falchani feed material continues on track and will be reported separately. Ted O’Connor, Director of Plateau Energy Metals, commented: “These delineation drill hole | |
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