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Plateau Uranium Inc.
Summary
| Project: | Macusani Plateau | |
|---|---|---|
| Deposit: | Falchani | |
| Location: | Peru | |
| Commodities: | Lithium | |
| Date: | 1/17/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-1-2018: Plateau Uranium Inc. announces an Exploration/Drilling Update report for its Falchani deposit at the Macusani Plateau project. Drilling results incl. 107.0m @ 0.66% Li2O from 124.0m. TORONTO, ONTARIO -- (Marketwired – January 17, 2018) – Platea | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ted O'Connor (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO -- (Marketwired – January 17, 2018) – Plateau Uranium Inc. (“Plateau Uranium” or the "Company")(TSX VENTURE:PLU)(FRANKFURT:QG1)(OTCQB:PLUUF), a lithium and uranium development company, is pleased to announce results from the recently completed vertical drill hole from Platform 4, ~300 m North of Platform 1, at the Falchani discovery, located in the Chaccaconiza area of the Company’s Macusani Plateau Project in southeastern Peru. Ted O’Connor, CEO of Plateau Uranium, commented: “The extensive, footprint of the Falchani highgrade Lithium discovery continues to grow from these strong Platform 4 results. Falchani is now at least 300 m long (North-South), over 100 m thick, and >500 m wide (E-W) incorporating current results. The remarkably consistent lithium grades averaging >3,000 ppm Li over all drilled intervals and the subhorizontal, shallow dipping orientation of the lithium-rich tuff unit should combine to make establishing Lithium mineral resource estimates extremely straightforward. The lack of near-surface uranium mineralization is not unexpected, as this younger supergene mineralization is often more variable in grades and thicknesses, as seen from our extensive work since 2005. However, the widespread surface radioactivity at Falchani indicates that uranium mineralization should be equally extensive, and will continue to be targeted in subsequent drilling. Our short-term goal remains to establish initial lithium and uranium resources at Falchani by 2nd Quarter 2018.” | |
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