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Plateau Energy Metals Inc.
Summary
| Project: | Macusani Plateau | |
|---|---|---|
| Deposit: | Falchani | |
| Location: | Peru | |
| Commodities: | Uranium-Lithium-Potassium | |
| Date: | 4/30/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 30-4-2018: Plateau Energy Metals Inc. announces an Exploration/Drilling Update report for its Falchani deposit at the Macusani Plateau project. Drilling results incl. 116.0m @ 0.73% Li2O from 108m. TORONTO, ONTARIO -- (GlobeNewswire – April 30, 2018) – Pl | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ted O'Connor (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO -- (GlobeNewswire – April 30, 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 results from recently completed vertical drill holes from Platform 9 (drilled ~315 m NW of Platform 1) and Platform 3 (drilled ~170 m SE of Platform 1) at the Falchani project, located in the Chaccaconiza area of the Company’s Macusani Plateau Project in southeastern Peru. Ted O’Connor, CEO of Plateau Energy Metals, commented: “These latest drill results further build our confidence that Falchani will grow into a large, unique, near surface lithium deposit with simple processing requirements pointing to extremely positive potential production economics. In all of our careers, management has never worked on a project that has such consistent geology, grade, size and geometry. Falchani is truly an exciting discovery. The drilling at Falchani continues to prove up thick lithium-rich tuff intersections with remarkably consistent grades, in excess of 0.7% Li2O. These latest results are also telling us a lot about the 3 dimensional geometry of the interpreted Li-rich volcanic tuff-filled crater lake. It is pointing to a thicker tuff unit to the north and west, with a thinning southeast of the ~140 m thick Platform 8 intersection. The 116 m thick Falchani Li-rich tuff intersected at Platform 9 remains open at depth, as the hole was lost in this unit. We are working with drill bit suppliers to attempt to deal with the blocky, adverse ground conditions to drill more efficiently with the goal of successfully penetrating the entire tuff unit to hole completion. | |
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