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Plateau Uranium Inc.
Summary
| Project: | Macusani Plateau | |
|---|---|---|
| Deposit: | Falchani | |
| Location: | Peru | |
| Commodities: | Uranium-Lithium-Potassium | |
| Date: | 11/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 15-11-2017: Plateau Uranium Inc. announces an Exploration/Drilling Update report for its Falchani deposit at the Macusani Plateau project. Drilling results incl. 50.5m @ 0.58% Li2O from 95m. TORONTO, ONTARIO -- ( November 15, 2017) – Plateau Uranium Inc. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ted O'Connor (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO -- ( November 15, 2017) – Plateau Uranium Inc. (“Plateau Uranium” or the "Company") (TSX VENTURE:PLU)(FRANKFURT:QG1) (OTCQB:PLUUF) is pleased to announce excellent initial drill results from the first drill hole at the new Falchani discovery, located in the Chaccaconiza area of the Company’s Macusani Plateau Project in southeastern Peru. Initial results from the first diamond drill hole reveal thick uranium mineralization from surface to 45m downhole and very highgrade lithium mineralization in an older felsic tuff unit below the uranium mineralization and usual rhyolite host rock that has not been seen before. The Falchani prospecting discovery reported in October (see Company news release dated October 16, 2017) is the largest of 6 areas of highly anomalous radioactivity in the newly accessed Chaccaconiza area located in the south central region of the Plateau Uranium’s extensive 910 km2 land package. Drilling commenced in late September and initial results reveal Falchani is now a significant, drilled discovery. Thick lithium mineralization averaging up to 3650 ppm Li over 61 m, >6 times the average grade of Li resources reported (583 ppm Li) from the Company’s existing uranium deposits, was intersected below thick uranium mineralization 633 ppm U3O8 over 45 m, >2 times the average grade of existing uranium resources (288 ppm U3O8) reported previously. Lithium mineralization is open at depth as the drill hole terminated in high-grade Li to end of hole. | |
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