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Plateau Uranium Inc.
Summary
| Project: | Macusani Plateau | |
|---|---|---|
| Deposit: | Pinocho | |
| Location: | Peru | |
| Commodities: | Uranium-Lithium-Potassium | |
| Date: | 3/20/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 20-3-2017: Plateau Uranium Inc. announces an Exploration/Drilling Update report for its Pinocho deposit at the Macusani Plateau project. Drilling results incl. 8.0m @ 2.031 lbs/t U3O8 from 53.0m. Plateau Uranium Inc. (“Plateau Uranium” or the "Company") | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ted O'Connor (Internal) | |
| ABSTRACT: | Plateau Uranium Inc. (“Plateau Uranium” or the "Company") (TSX VENTURE:PLU)(FRANKFURT:QG1) is pleased to announce strong initial drill results from the high-grade Pinocho Target at the Company’s Macusani Plateau Project in southeastern Peru. Initial results from six (6) diamond drill holes drilled on two (2) platforms are reported from Pinocho, which represents one of the most prospective of several previously untested higher grade, near-surface uranium targets on the Company’s extensive 910 km2 land package. Historical underground adits were established previously at Pinocho by IPEN (“Institute of Peruvian Nuclear Energy”) (see Company news release dated November 28, 2016 for full description of Pinocho target). Drilling at Pinocho continues along a 1.4 km trend. Ted O’Connor, CEO of Plateau Uranium, commented: “We are extremely pleased with these results from initial drilling at Pinocho. We have successfully located an extension of the known uranium and lithium resources to the southeast of the Kihitian Complex, and look forward to completing additional drilling to define the resource potential of this area. The higher grade uranium mineralization and consistent lithium grades we are intersecting at Pinocho, combined with the potential for enhanced uranium and lithium by-product recoveries announced in our previous news release, should serve to further enhance the already robust, low cost, project economics of our Macusani Project.” | |
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