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Plateau Uranium Inc.
Summary
| Project: | Macusani Plateau | |
|---|---|---|
| Deposit: | Falchani | |
| Location: | Peru | |
| Commodities: | Uranium-Lithium-Potassium | |
| Date: | 1/9/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 9-1-2018: Plateau Uranium Inc. announces an Exploration/Drilling Update report for its Falchani deposit at the Macusani Plateau project. Drilling results incl. 49.0m @ 338ppm U3O8 from 0m. TORONTO, ONTARIO -- (Marketwired – January 9, 2018) – Plateau Uran | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ted O'Connor (Internal) | |
| ABSTRACT: | TORONTO, ONTARIO -- (Marketwired – January 9, 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 outcrop sample results and continued strong drill results from the final two drill holes from Platform 1 at the Falchani discovery, located in the Chaccaconiza area of the Company’s Macusani Plateau Project in southeastern Peru. The Company also announces the grant of stock options to directors, officers, consultants and employees, subject to regulatory approval. Ted O’Connor, CEO of Plateau Uranium, commented: “The Falchani discovery continues to excite us and we now believe that the Li-rich unit has a substantial, and growing, >500 m (E-W) footprint and is at least 50 m thick from our surface outcrop sample results, mapping and drill testing this unit. The surface uranium mineralization represents the icing on the cake at Falchani. The final two drill holes from Platform 1 at the Falchani discovery answered key questions: the vertical hole confirmed the strong uranium and lithium mineralization exactly where we expected it; the SW drill hole has confirmed to us that the Li mineralization is present at depth, but the weak uranium mineralization more than likely represents the edge of this surface uranium deposit and points us to move northward. We will continue the Falchani drill program towards the heart of this large 2km2 radioactive anomaly. A vertical drill hole is currently underway on Platform 4, located 300 m to the north to drill through to the lower contact of the sub-horizontal Li-rich tuff unit and determine the actual thickness of the high-grade lithium unit. Additional Platforms are planned to continue to expand the drill indicated footprint of the Falchani discovery with the goal of establishing initial lithium and uranium resources at Falchani by mid-2018.” | |
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