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Plateau Uranium Inc.
Summary
| Project: | Macusani Plateau | |
|---|---|---|
| Deposit: | Falchani | |
| Location: | Peru | |
| Commodities: | Uranium-Lithium-Potassium | |
| Date: | 11/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 22-11-2017: Plateau Uranium Inc. announces an Exploration/Drilling Update report for its Falchani deposit at the Macusani Plateau project. Drilling results incl. 61.2m @ 0.79% Li2O. TORONTO, ONTARIO -- (GlobeNewswire – November 22, 2017) – Plateau Uranium | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ted O'Connor (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO -- (GlobeNewswire – November 22, 2017) – 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 continued excellent drill results from the next two drill holes at the new Falchani discovery, located in the Chaccaconiza area of the Company’s Macusani Plateau Project in southeastern Peru. Results from the second and third diamond drill holes from the first platform intersected identical rocks to the first drill hole reported November 15, 2017, with continued thick uranium mineralization from surface and very high-grade lithium mineralization in the older felsic tuff unit. The Falchani prospecting discovery 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 these latest results reinforce that Falchani is a significant discovery from multiple drill holes. Thick, high-grade lithium mineralization averaging 3,670 ppm Li over 61.2 m was intersected below thick uranium mineralization of 511 ppm U3O8 over 56 m from surface in the drill hole drilled to the northeast. The third reported drill hole from Falchani was drilled to the southeast and intersected 27.5 m of 900 ppm U3O8 from surface overlying deeper, high-grade lithium mineralization that averaged 3,525 ppm Li over the bottom 37.5 m of the drill hole. Lithium mineralization remains open at depth as both drill holes also terminated in high-grade Li to the end of holes. | |
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