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Plateau Energy Metals Inc.
Summary
| Project: | Macusani Plateau | |
|---|---|---|
| Deposit: | Falchani | |
| Location: | Peru | |
| Commodities: | Lithium-Potassium | |
| Date: | 3/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 4-3-2019: Plateau Energy Metals Inc. announces a Resource Estimation report for its Falchani deposit at the Macusani Plateau project. Updated mineral resource estimate at the project. TORONTO, March 04, 2019 -- Plateau Energy Metals Inc. (“Plateau” or the | |
| Resources: | (Resource): 60.92Mt @ 0.64% Li2O (Ind.), 260.07Mt @ 0.58% Li2O (Inf.) | |
| CP/QP: | [Resources]: Stewart Nupen (The Mineral Corp.) | |
| ABSTRACT: | TORONTO, March 04, 2019 -- Plateau Energy Metals Inc. (“Plateau” or the "Company") (TSX-V:PLU) (OTCQB:PLUUF) is pleased to announce an updated Mineral Resource Estimate for the Falchani Lithium Project located on the Macusani Plateau in the Puno District of southeastern Peru. “We have nearly doubled the Falchani lithium resource which brings our project into one of the largest hard rock lithium projects in the world,” stated Alex Holmes, CEO of Plateau. “We have much more room to grow and are in the midst of scoping out a scalable, long life project while keeping capital intensity and margins front of mind.” The Mineral Corporation has updated the Mineral Resource Estimate for the Falchani Lithium Project using additional drilling completed to the west, and within the previous resource area announced on July 24, 2018. Subhorizontal lithium mineralization occurs within a lithium-rich tuff, which varies in thickness from 50m to 140m, and in an upper and lower breccia unit, which occur in the immediate hangingwall and footwall of the tuff, respectively. The lithium-rich volcanic tuff unit, interpreted to be aqualain and the transitional lithium-rich breccias are interpreted to have been deposited in a crater lake volcano-sedimentary environment. The Mineral Resource estimates are based on the previous 29 drillholes and 20 additional drillholes (see Figure 1). Sampling was carried out at sampling intervals of between 0.5m and 1.0m. Samples used throughout the estimation process were composited to a downhole length of 2.5m. The Mineral Corporation undertook a site visit to the Falchani Lithium Project in May 2018 during which, outcrops of the tuff and breccia units were visited, and the drilling and sampling operations observed. In addition, The Mineral Corporation visited the Certimin laboratory in Lima, Peru, where all of the lithium analyses for the Falchani Lithium Project have been undertaken. | |
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