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Plateau Energy Metals Inc.
Summary
| Project: | Macusani Plateau | |
|---|---|---|
| Deposit: | Falchani West | |
| Location: | Peru | |
| Commodities: | Uranium-Lithium-Potassium | |
| Date: | 1/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 30-1-2019: Plateau Energy Metals Inc. announces an Exploration/Drilling Update report for its Falchani West deposit at the Macusani Plateau project. Drilling results incl. 200m @ 0.54% Li2O from 117m. TORONTO, Jan. 30, 2019 -- Plateau Energy Metals Inc. ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ted O'Connor (Internal) | |
| ABSTRACT: | TORONTO, Jan. 30, 2019 -- Plateau Energy Metals Inc. (“Plateau” or the "Company") (TSX VENTURE:PLU) (OTCQB:PLUUF) is pleased to announce, as part of the Company’s ongoing drilling program to expand the mineral resource at its high-grade hard rock Falchani lithium project, the latest drill results from four holes at Falchani West, and three new drill holes results from Falchani East. “These results continue to demonstrate similar grades and widths in the lithium rich tuff unit at the interpreted southern fringe of the collapsed caldera, and we are seeing a significantly thicker lower breccia unit as compared to Falchani East” commented Alex Holmes, CEO of Plateau. “Our exploration team will focus on a few more holes at Falchani West targeted to put together a maiden resource as part of the Q1 2019 resource update.” Falchani Interpretation The geological interpretation at Falchani West continues to evolve. Falchani West appears to represent a similar, but potentially larger side of a 6 km by 5 km collapsed caldera with faulting due to the presence of a sub-volcanic felsic intrusion creating an interpreted resurgent dome centred along the N-S faulted valley separating Falchani West area from the Falchani East resource. In the southern drilled extents of both Falchani East and West, lithium mineralization thins to the south due to the presence of this lithium-bearing, sub-volcanic felsic intrusion representing the southern edge of the caldera. The intrusion affects the formation, orientation and preservation of the overlying tuff and breccia units. In the northern drill platforms (example PLAT-14), the lithium-rich tuff unit and to a greater extent, the mineralized lower breccia unit become extremely thick to the north and west from the interpreted resurgent dome intrusion. The lower breccia contains large intersections of Li-rich tuff interpreted as large blocks within the host breccia. The highest-grade lithium mineralization encountered to date is located proximal to the base of the thick lower breccia, immediately above a volcano-sedimentary explosive diatreme unit that marks the commencement of volcanic activity at Falchani. The diatreme unit overlies the lithiumbearing sub-volcanic intrusion, interpreted to be a source of heat and lithium-bearing fluids that locally enhanced the lithium contents of the volcano-sedimentary rocks within the collapsed caldera lake | |
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