Plateau Energy Metals Announces New CEO search
http://canadianbusinesstribune.com/pr/p ... arch/88097
Plateau Uranium, PLU.V
Re: Plateau Uranium, PLU.V
Plateau Energy Metals – 152 m drilled intersection of high-grade Lithium at 0.70% Li2O, within broader 196 m interval of 0.63% Li2O as well as surface uranium mineralization from Platform 8
TORONTO, March 22, 2018 (GLOBE NEWSWIRE) -- Plateau Energy Metals Inc. (“Plateau” “PLU” or the "Company")(TSX VENTURE:PLU)(FRANKFURT:QG1)(OTCQB:PLUUF), a lithium and uranium development company, is pleased to announce results from recently completed inclined and vertical drill holes from Platform 8, collared ~200 m NW of Platform 1 and ~250 m SW of Platform 4 , at the Falchani project, located in the Chaccaconiza area of the Company’s Macusani Plateau Project in southeastern Peru.
Falchani Platform 8 Highlights
Inclined Hole drilled towards NE at -70° inclination (refer to previous Figure 1 - Falchani Outcrop Sampling Li Results & Drill Platform Location Map for location of Platform
High-grade lithium-rich tuff unit intersected 3,228 ppm Li (0.70% Li2O) over 152 m (143 m true thickness) from 83-235 m downhole (starting at ~78 m below surface)
196 m of 2,910 ppm Li (0.63% Li2O) in broader interval that includes Li-rich breccias above and below tuff unit from 68-264 m (End of Hole)
Thin surface uranium mineralization intersected 2.5 m of 585 ppm U3O8 from 0-2.5 m downhole and 2.5 m of 827 ppm U3O8 from 39-41.5 m downhole
Vertical Drill hole
High-grade lithium-rich tuff unit intersected 3,675 ppm Li (0.79% Li2O) from 82-87.5 m (End of Hole)
Surface uranium mineralization intersected 22.5 m of 490 ppm U3O8 from 0-22.5 m
Including a higher grade uranium mineralized interval of 9 m of 1,074 ppm U3O8 from 0-9.0 m
Ted O’Connor, CEO of Plateau Energy Metals, commented: “The Falchani project continues to deliver with excellent Platform 8 results intersecting the thickest interval of Li-rich tuff to date – at over 140 m true thickness and we continue to confirm the remarkably consistent average lithium grades of this unit in the 3,300 ppm Li (0.70% Li2O) range.
We maintain our confidence that Falchani will have extremely positive potential production economics with scalable production levels to fill future Li demand growth or displace marginal, higher cost projects.
We continue to drill Falchani within the established 2 km2 footprint with the goal of completing a maiden NI 43-101 mineral resource on the project before the end of the 2nd Quarter of this year.”
Ian Stalker, Chairman of Plateau Energy Metals, commented: “Our new name ‘Plateau Energy Metals’ says it all. PLU is poised to be at the forefront on delivery of Lithium and Uranium to a large and growing market space, hopefully, just as demand peaks. Exciting times!!
The consistency and true width of our high-grade Li intersections at the Falchani discovery are hard to ignore. The shallow depths, +100 m thicknesses, low stripping ratios, over an anticipated 1.2 km by 1.7 km mining area footprint, in relatively soft rock, lends itself to high productivity, low cost, mining practices and should result in a very competitive cost/tonne mined.
Our bulk metallurgical sample is now on route to the ANSTO Laboratories Australia, a world leader in extractive lithium process technologies. ANSTO is an international consultancy that has been delivering innovative solutions to the minerals industry for more than 35 years. With the existing knowledge we have gained from test work already completed in Peru, along with the experience and skills ANSTO possesses, I am confident we can deliver from our high Li feed grade, an equally competitive cost/tonne recovered, with high Lithium recoveries to final product, to go along with our low mining cost expectation.
Cooperation is also noted and appreciated, both from the local communities where we work, but also from the Peruvian Government and related Government Departments, all of whom have been very supportive of our efforts.”
plateauuranium.com
TORONTO, March 22, 2018 (GLOBE NEWSWIRE) -- Plateau Energy Metals Inc. (“Plateau” “PLU” or the "Company")(TSX VENTURE:PLU)(FRANKFURT:QG1)(OTCQB:PLUUF), a lithium and uranium development company, is pleased to announce results from recently completed inclined and vertical drill holes from Platform 8, collared ~200 m NW of Platform 1 and ~250 m SW of Platform 4 , at the Falchani project, located in the Chaccaconiza area of the Company’s Macusani Plateau Project in southeastern Peru.
Falchani Platform 8 Highlights
Inclined Hole drilled towards NE at -70° inclination (refer to previous Figure 1 - Falchani Outcrop Sampling Li Results & Drill Platform Location Map for location of Platform
High-grade lithium-rich tuff unit intersected 3,228 ppm Li (0.70% Li2O) over 152 m (143 m true thickness) from 83-235 m downhole (starting at ~78 m below surface)
196 m of 2,910 ppm Li (0.63% Li2O) in broader interval that includes Li-rich breccias above and below tuff unit from 68-264 m (End of Hole)
Thin surface uranium mineralization intersected 2.5 m of 585 ppm U3O8 from 0-2.5 m downhole and 2.5 m of 827 ppm U3O8 from 39-41.5 m downhole
Vertical Drill hole
High-grade lithium-rich tuff unit intersected 3,675 ppm Li (0.79% Li2O) from 82-87.5 m (End of Hole)
Surface uranium mineralization intersected 22.5 m of 490 ppm U3O8 from 0-22.5 m
Including a higher grade uranium mineralized interval of 9 m of 1,074 ppm U3O8 from 0-9.0 m
Ted O’Connor, CEO of Plateau Energy Metals, commented: “The Falchani project continues to deliver with excellent Platform 8 results intersecting the thickest interval of Li-rich tuff to date – at over 140 m true thickness and we continue to confirm the remarkably consistent average lithium grades of this unit in the 3,300 ppm Li (0.70% Li2O) range.
We maintain our confidence that Falchani will have extremely positive potential production economics with scalable production levels to fill future Li demand growth or displace marginal, higher cost projects.
We continue to drill Falchani within the established 2 km2 footprint with the goal of completing a maiden NI 43-101 mineral resource on the project before the end of the 2nd Quarter of this year.”
Ian Stalker, Chairman of Plateau Energy Metals, commented: “Our new name ‘Plateau Energy Metals’ says it all. PLU is poised to be at the forefront on delivery of Lithium and Uranium to a large and growing market space, hopefully, just as demand peaks. Exciting times!!
The consistency and true width of our high-grade Li intersections at the Falchani discovery are hard to ignore. The shallow depths, +100 m thicknesses, low stripping ratios, over an anticipated 1.2 km by 1.7 km mining area footprint, in relatively soft rock, lends itself to high productivity, low cost, mining practices and should result in a very competitive cost/tonne mined.
Our bulk metallurgical sample is now on route to the ANSTO Laboratories Australia, a world leader in extractive lithium process technologies. ANSTO is an international consultancy that has been delivering innovative solutions to the minerals industry for more than 35 years. With the existing knowledge we have gained from test work already completed in Peru, along with the experience and skills ANSTO possesses, I am confident we can deliver from our high Li feed grade, an equally competitive cost/tonne recovered, with high Lithium recoveries to final product, to go along with our low mining cost expectation.
Cooperation is also noted and appreciated, both from the local communities where we work, but also from the Peruvian Government and related Government Departments, all of whom have been very supportive of our efforts.”
plateauuranium.com
Re: Plateau Uranium, PLU.V
Plateau Energy Metals Expanded Mapping & Outcrop Sampling Results Confirm Potential Falchani ‘Footprint’ to >2 km2 at High Grade Lithium Prospect – drilling continues
http://plateauuranium.com/2018/03/20/pl ... continues/
http://plateauuranium.com/2018/03/20/pl ... continues/
Re: Plateau Uranium, PLU.V
Presentation: Plateau Uranium - 121 Mining Investment Cape Town
https://www.youtube.com/watch?v=FBKXIBHC8H4
https://www.youtube.com/watch?v=FBKXIBHC8H4
Re: Plateau Uranium, PLU.V
PLU expands potential Falchani ‘Footprint’ to over 1,200m by 1,700m with 80-100m thickness at its High Grade Lithium Prospect through outcrop mapping, sampling and continued drilling
07:30 EST Tuesday, Feb 27, 2018
TORONTO, Feb. 27, 2018 (GLOBE NEWSWIRE) -- 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 mapping and sampling results have markedly increased the potential footprint of the Falchani high-grade Lithium discovery, located in the Chaccaconiza area of the Company’s Macusani Plateau Project in southeastern Peru.
Falchani Discovery Drilling & Outcrop Highlights (Figure 1 - Falchani Li Mapping Location Map)
•Potential Footprint >1,200 m E-W; >1,700 m N-S with 80-100 m thickness of high-grade Li tuff unit
•Outcrop samples of Li-rich tuff returned 3,331 to 4,272 ppm Li (0.72-0.92% Li2O) – additional map sampling results pending.
•Drilling continuing through the difficult rainy season, initially on Platforms 8, 5 and 6 with additional Platforms and holes planned to the south of the prospect to continue to expand the mineralized footprint of both lithium and uranium mineralization. High-grade Li-rich tuff unit continues to be intersected in on-going drilling with analytical results pending.
•A third Company-owned drill rig being mobilized to increase productivity and improve scheduling.
•Mineral Corporation of South Africa commissioned to confirm the drill hole spacing being deployed at site and aim to produce a NI-43-101 mineral resource estimate during Q2-2018
•>200 kg Li-rich tuff bulk sample, containing 3,331 ppm Li, collected from trenching and Falchani drill core being shipped to ANSTO Laboratories in Sydney Australia for Li processing test work, including production of Li carbonate and Li hydroxide products.
Ted O’Connor, CEO of Plateau Uranium, commented: “The potential size of the Falchani Lithium project we are growing represents what we believe to be the most significant new lithium discovery of this cycle. We truly believe we are unveiling an extremely large Li deposit, one that is most likely to be a relatively simple, potential open pit mining operation, and could be a significant new source of lithium at truly scalable annual production levels.
Falchani has the best of all non-brine Li project characteristics: low cost open pit potential with depths from surface to 200 m, simple warm sulphuric acid leach processing at atmospheric pressure, with consistently high 80% Li extraction, and consistent high Li grades and thicknesses of 80-100 m in unique volcanic host rocks.
We also should not forget the overlying strong surface uranium mineralization intersected at Falchani within a very large 2 km2 radioactive anomaly, that is the largest of numerous prospecting anomalies in the vicinity. Although U grades are variable, 25-50 m thick uranium mineralization at grades ranging from >500 ppm to >900 ppm U3O8 occurring immediately at surface is twice the average grades used in PLU’s Uranium-only PEA that already established Macusani as a development project with lowest quartile uranium production cost potential.
We continue to drill Falchani through difficult wet season conditions, and have mobilized an additional company-owned diamond drill rig to aggressively drill off Falchani on the way to establishing an initial resource this spring.”
Ian Stalker, Chairman of Plateau Uranium, commented: “The Lithium opportunity that PLU presents, is unquestionably highly prospective. It is not a proximity play, or a small add-on opportunity, it indeed has all the attributes of being a genuine producer in the next few years.
Falchani is proposed to be mineable via an open pit approach, and this gives us all the scalability a project needs. It’s also important to note on the ‘Plateau’ we are blessed by having excellent infrastructure in close proximity. This includes plentiful available fresh water, surplus hydro-power available at sensible commercial rates, and access to the main paved Interoceanic Highway within 3 km of our main project area.”
Falchani Outcrop Mapping and Sampling Details
Analytical results from outcrop sampling of the Lithium-rich volcanic tuff unit and Li-rich transition zone breccias at the Falchani discovery are presented on Figure 1 (attached) as well as the location of outcrop mapped locations of these units. The initial four samples were analyzed following the on-going ground exploration program aimed at mapping out the extent of the unique Li-rich volcanic unit surrounding the Falchani anomaly. These samples have lithium contents ranging from 3,331 to 4,272 ppm Li (0.72-0.92% Li2O). Additional mapping has expanded the potential on-ground footprint of Li-rich rocks at Falchani to >1.2km by >1.7 km (2.04 km2) with relatively consistent 80-100 m thicknesses where sufficiently exposed. All mapped outcrop sample locations of Li-rich tuff unit have been submitted for laboratory analyses with further analytical results pending.
A >200 kg bulk sample of Li-rich tuff has been collected from hand dug outcrop trenching and is currently being shipped to ANSTO Laboratory in Sydney, Australia, along with a composite drill core sample of this unit, to complete lithium processing test work, including: leach test/confirmation work, Li product precipitation and potential product characterization work leading to Li production flow-sheet design. The bulk sample is representative of the Falchani drill discovery and contains 3,331 ppm Li (0.72% Li2O), virtually identical to the average Li grade in the >100 m thick, high-grade Li tuff unit intersected in drilling.
Quality Assurance, Quality Control and Data Verification
Drill core samples are cut longitudinally with a diamond saw with one-half of the core placed in sealed bags and shipped to Certimin’s sample analytical laboratory in Lima for sample preparation, processing and ICP-MS/OES multi-element analysis. Outcrop samples are chipped, channel samples collected from exposed outcrop and hand dug trenches up to 3 m below surface, with samples also placed in sealed bags and shipped to Certimin’s sample analytical laboratory in Lima for sample preparation, processing and ICP-MS/OES multi-element analysis. Certimin is an ISO 9000 certified assay laboratory. The Company’s Qualified Person for the drill programme, Mr. Ted O’Connor, has verified the data disclosed, including drill core, outcrop sampling and analytical data in the field and lab. The program is designed to include a comprehensive analytical quality assurance and control routine comprising the systematic use of Company inserted standards, blanks and field duplicate samples, internal laboratory standards and also includes check analyses at other accredited laboratories.
Qualified Persons
Mr. Ted O’Connor, P.Geo., CEO and a Director of Plateau Uranium and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.
About Plateau Uranium
Plateau Uranium Inc. is a Canadian lithium and uranium exploration and development company focused on its properties on the Macusani Plateau in southeastern Peru. The Company controls all reported uranium resources known in Peru, significant and growing lithium resources and mineral concessions covering over 91,000 hectares (910 km2) situated near significant infrastructure. Plateau Uranium is listed on the TSX Venture Exchange under the symbol 'PLU', quoted on the OTCQB under the symbol “PLUUF” and the Frankfurt Exchange under the symbol 'QG1'. The Company has 64,864,686 shares issued and outstanding.
For further information, please contact:
Plateau Uranium Inc.
Ted O’Connor, CEO
ted@plateauuranium.com
+1-416-628-9600
info@plateauuranium.com
07:30 EST Tuesday, Feb 27, 2018
TORONTO, Feb. 27, 2018 (GLOBE NEWSWIRE) -- 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 mapping and sampling results have markedly increased the potential footprint of the Falchani high-grade Lithium discovery, located in the Chaccaconiza area of the Company’s Macusani Plateau Project in southeastern Peru.
Falchani Discovery Drilling & Outcrop Highlights (Figure 1 - Falchani Li Mapping Location Map)
•Potential Footprint >1,200 m E-W; >1,700 m N-S with 80-100 m thickness of high-grade Li tuff unit
•Outcrop samples of Li-rich tuff returned 3,331 to 4,272 ppm Li (0.72-0.92% Li2O) – additional map sampling results pending.
•Drilling continuing through the difficult rainy season, initially on Platforms 8, 5 and 6 with additional Platforms and holes planned to the south of the prospect to continue to expand the mineralized footprint of both lithium and uranium mineralization. High-grade Li-rich tuff unit continues to be intersected in on-going drilling with analytical results pending.
•A third Company-owned drill rig being mobilized to increase productivity and improve scheduling.
•Mineral Corporation of South Africa commissioned to confirm the drill hole spacing being deployed at site and aim to produce a NI-43-101 mineral resource estimate during Q2-2018
•>200 kg Li-rich tuff bulk sample, containing 3,331 ppm Li, collected from trenching and Falchani drill core being shipped to ANSTO Laboratories in Sydney Australia for Li processing test work, including production of Li carbonate and Li hydroxide products.
Ted O’Connor, CEO of Plateau Uranium, commented: “The potential size of the Falchani Lithium project we are growing represents what we believe to be the most significant new lithium discovery of this cycle. We truly believe we are unveiling an extremely large Li deposit, one that is most likely to be a relatively simple, potential open pit mining operation, and could be a significant new source of lithium at truly scalable annual production levels.
Falchani has the best of all non-brine Li project characteristics: low cost open pit potential with depths from surface to 200 m, simple warm sulphuric acid leach processing at atmospheric pressure, with consistently high 80% Li extraction, and consistent high Li grades and thicknesses of 80-100 m in unique volcanic host rocks.
We also should not forget the overlying strong surface uranium mineralization intersected at Falchani within a very large 2 km2 radioactive anomaly, that is the largest of numerous prospecting anomalies in the vicinity. Although U grades are variable, 25-50 m thick uranium mineralization at grades ranging from >500 ppm to >900 ppm U3O8 occurring immediately at surface is twice the average grades used in PLU’s Uranium-only PEA that already established Macusani as a development project with lowest quartile uranium production cost potential.
We continue to drill Falchani through difficult wet season conditions, and have mobilized an additional company-owned diamond drill rig to aggressively drill off Falchani on the way to establishing an initial resource this spring.”
Ian Stalker, Chairman of Plateau Uranium, commented: “The Lithium opportunity that PLU presents, is unquestionably highly prospective. It is not a proximity play, or a small add-on opportunity, it indeed has all the attributes of being a genuine producer in the next few years.
Falchani is proposed to be mineable via an open pit approach, and this gives us all the scalability a project needs. It’s also important to note on the ‘Plateau’ we are blessed by having excellent infrastructure in close proximity. This includes plentiful available fresh water, surplus hydro-power available at sensible commercial rates, and access to the main paved Interoceanic Highway within 3 km of our main project area.”
Falchani Outcrop Mapping and Sampling Details
Analytical results from outcrop sampling of the Lithium-rich volcanic tuff unit and Li-rich transition zone breccias at the Falchani discovery are presented on Figure 1 (attached) as well as the location of outcrop mapped locations of these units. The initial four samples were analyzed following the on-going ground exploration program aimed at mapping out the extent of the unique Li-rich volcanic unit surrounding the Falchani anomaly. These samples have lithium contents ranging from 3,331 to 4,272 ppm Li (0.72-0.92% Li2O). Additional mapping has expanded the potential on-ground footprint of Li-rich rocks at Falchani to >1.2km by >1.7 km (2.04 km2) with relatively consistent 80-100 m thicknesses where sufficiently exposed. All mapped outcrop sample locations of Li-rich tuff unit have been submitted for laboratory analyses with further analytical results pending.
A >200 kg bulk sample of Li-rich tuff has been collected from hand dug outcrop trenching and is currently being shipped to ANSTO Laboratory in Sydney, Australia, along with a composite drill core sample of this unit, to complete lithium processing test work, including: leach test/confirmation work, Li product precipitation and potential product characterization work leading to Li production flow-sheet design. The bulk sample is representative of the Falchani drill discovery and contains 3,331 ppm Li (0.72% Li2O), virtually identical to the average Li grade in the >100 m thick, high-grade Li tuff unit intersected in drilling.
Quality Assurance, Quality Control and Data Verification
Drill core samples are cut longitudinally with a diamond saw with one-half of the core placed in sealed bags and shipped to Certimin’s sample analytical laboratory in Lima for sample preparation, processing and ICP-MS/OES multi-element analysis. Outcrop samples are chipped, channel samples collected from exposed outcrop and hand dug trenches up to 3 m below surface, with samples also placed in sealed bags and shipped to Certimin’s sample analytical laboratory in Lima for sample preparation, processing and ICP-MS/OES multi-element analysis. Certimin is an ISO 9000 certified assay laboratory. The Company’s Qualified Person for the drill programme, Mr. Ted O’Connor, has verified the data disclosed, including drill core, outcrop sampling and analytical data in the field and lab. The program is designed to include a comprehensive analytical quality assurance and control routine comprising the systematic use of Company inserted standards, blanks and field duplicate samples, internal laboratory standards and also includes check analyses at other accredited laboratories.
Qualified Persons
Mr. Ted O’Connor, P.Geo., CEO and a Director of Plateau Uranium and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.
About Plateau Uranium
Plateau Uranium Inc. is a Canadian lithium and uranium exploration and development company focused on its properties on the Macusani Plateau in southeastern Peru. The Company controls all reported uranium resources known in Peru, significant and growing lithium resources and mineral concessions covering over 91,000 hectares (910 km2) situated near significant infrastructure. Plateau Uranium is listed on the TSX Venture Exchange under the symbol 'PLU', quoted on the OTCQB under the symbol “PLUUF” and the Frankfurt Exchange under the symbol 'QG1'. The Company has 64,864,686 shares issued and outstanding.
For further information, please contact:
Plateau Uranium Inc.
Ted O’Connor, CEO
ted@plateauuranium.com
+1-416-628-9600
info@plateauuranium.com
Plateau Uranium reports additional Falchani high-grade Lithium and Uranium outcrop and drill results with 45.7 m of 0.74% Li2O and 28.0 m of 522 ppm U3O8 & Announces Option Grants
TORONTO, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Plateau Uranium Inc. ("Plateau Uranium" or the "Company") (TSX-V: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.
Falchani Discovery Drilling & Outcrop Highlights (Figure 1 Falchani Map & Cross Section) Outcrop samples of Li-rich tuff returned up to 3,365 ppm Li (0.72% Li2O) ~500 m West of Platform 1High-grade lithium-mineralization remains open at depth as none of the Platform 1 drill holes intersected the lower contact of the Li mineralized unit.Drilling continues with additional holes planned to expand the mineralized footprint of both lithium and uranium mineralization.
PT-PCHAC01-TV - Vertical Drill Hole; 132.5 m total length (lost due to ground conditions) Intersected 49.0 m averaging 338 ppm U3O8 from surface 0.0 to 49.0 m downhole with higher grade intersections closer to surface (see Table, below) hosted in typical Macusani rhyolites.Intersected 45.7 m of 3,415 ppm Li (0.74% Li2O) from 86.8 to 132.5 m (End of Hole) in felsic ash fall tuffs, ending in these rocks/mineralization. PT-PCHAC01-TSW - 265degrees Az; -55degrees inclination; 82.5 m total length (lost due to ground conditions) Intersected only weak surface uranium mineralization over three narrow intervals - possibly marks the SW extent of the uranium depositDrill hole abandoned at 82.5 m due to rubbly ground conditions just as the hole encountered the upper contact of the transition into the Li-rich tuff unit. Basal 5.5 m averaged 813 ppm Li from 77.0 to 82.5 m (End of Hole).
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." Falchani Drilling DetailsAnalytical results from the fourth and fifth diamond drill holes collared from Platform 1 testing the Falchani discovery are presented below. All holes are drilled using large diameter HQ core, reducing to NQ core with deteriorating ground conditions.
TORONTO, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Plateau Uranium Inc. ("Plateau Uranium" or the "Company") (TSX-V: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.
Falchani Discovery Drilling & Outcrop Highlights (Figure 1 Falchani Map & Cross Section) Outcrop samples of Li-rich tuff returned up to 3,365 ppm Li (0.72% Li2O) ~500 m West of Platform 1High-grade lithium-mineralization remains open at depth as none of the Platform 1 drill holes intersected the lower contact of the Li mineralized unit.Drilling continues with additional holes planned to expand the mineralized footprint of both lithium and uranium mineralization.
PT-PCHAC01-TV - Vertical Drill Hole; 132.5 m total length (lost due to ground conditions) Intersected 49.0 m averaging 338 ppm U3O8 from surface 0.0 to 49.0 m downhole with higher grade intersections closer to surface (see Table, below) hosted in typical Macusani rhyolites.Intersected 45.7 m of 3,415 ppm Li (0.74% Li2O) from 86.8 to 132.5 m (End of Hole) in felsic ash fall tuffs, ending in these rocks/mineralization. PT-PCHAC01-TSW - 265degrees Az; -55degrees inclination; 82.5 m total length (lost due to ground conditions) Intersected only weak surface uranium mineralization over three narrow intervals - possibly marks the SW extent of the uranium depositDrill hole abandoned at 82.5 m due to rubbly ground conditions just as the hole encountered the upper contact of the transition into the Li-rich tuff unit. Basal 5.5 m averaged 813 ppm Li from 77.0 to 82.5 m (End of Hole).
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." Falchani Drilling DetailsAnalytical results from the fourth and fifth diamond drill holes collared from Platform 1 testing the Falchani discovery are presented below. All holes are drilled using large diameter HQ core, reducing to NQ core with deteriorating ground conditions.
Ian Stalker Interview Dec 21, 2017
Plateau Uranium Chairman: Well-positioned for Upside in Uranium and Lithium Markets
https://investingnews.com/daily/resourc ... n-stalker/
Plateau Uranium Chairman: Well-positioned for Upside in Uranium and Lithium Markets
https://investingnews.com/daily/resourc ... n-stalker/
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rogerklam
- Site Admin
- Posts: 12700
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I own many U stocks but not this one. I put on my watch list. I feel more comfortable to add to my U portfolio if the sp retreats to $.48
From the 10 years chart, the stock appears to break out from the down trend channel
http://stockcharts.com/h-sc/ui?s=PLU.V& ... 7025357602
From the 10 years chart, the stock appears to break out from the down trend channel
http://stockcharts.com/h-sc/ui?s=PLU.V& ... 7025357602
Plateau Uranium May Have a Lithium-Uranium Tiger by the Tail at Falchani
http://hydracapital.ca/hydra-blog/plate ... t-falchani
http://hydracapital.ca/hydra-blog/plate ... t-falchani
Plateau Uranium Announces Appointment of New Director and Grant of Stock Options
17:18 EST Wednesday, Apr 26, 2017
TORONTO, ONTARIO--(Marketwired - April 26, 2017) - Plateau Uranium Inc. ("Plateau Uranium" or the "Company") (TSX VENTURE:PLU)(FRANKFURT:QG1) is pleased to announce the appointment of Mr. Wayne Drier to the Company's Board of Directors, subject to regulatory approval.
Mr. Drier has over 20 years of experience within the global mining sector spanning a wide range of commodities and jurisdictions. He brings to the Board significant uranium experience through his previous role as the Commercial Executive at Mantra Resources Limited, a TSX and ASX listed uranium development company. While at Mantra, Mr. Drier was responsible for marketing and strategy. He initiated and developed relationships with strategic partners and offtake parties, and was also instrumental in the sale of Mantra's Mkuju River Project to ARMZ (the wholly owned subsidiary of the Russian State Corporation for Nuclear Energy) for an all-cash consideration of A$1.02 billion in 2011.
Mr. Drier is currently the Chief Financial Officer of Ero Copper Corp. Prior roles have included senior business development and corporate finance positions at Asanko Gold Inc., BHP Billiton, Norilsk Nickel International as well as a number of years of investment banking experience. He holds an Honours Bachelor of Business Science degree from the University of Cape Town, South Africa.
Ted O'Connor, CEO of Plateau Uranium, commented: "We are extremely pleased to welcome Wayne to the Board of Plateau. He brings extensive mining and uranium market expertise along with additional industry relationships to our already capable Board. As we move the Macusani Plateau uranium project forward, Wayne's strengths and skills will be a significant asset to the Company and its shareholders."
Grant of Stock Options
The Company also announces that, subject to regulatory approval, it has granted stock options to acquire an aggregate of 1,380,000 common shares to directors, officers, employees and consultants of Plateau Uranium and its Peruvian subsidiary under the Company's Stock Option Plan. Each option is exercisable for a five year period to acquire one common share at a price of $0.72 per share. All options are subject to vesting restrictions, with one-third vesting immediately and a further one-third vesting on each of the six and twelve month anniversaries of the date of grant.
About Plateau Uranium
Plateau Uranium Inc. is a Canadian uranium exploration and development company focused on its properties on the Macusani Plateau in southeastern Peru. The Company controls all reported uranium resources known in Peru and mineral concessions that cover over 100,000 hectares (1,000 km2) situated near significant infrastructure. Plateau Uranium is listed on the TSX Venture Exchange under the symbol 'PLU' and the Frankfurt Exchange under the symbol 'QG1'. The Company has 58,043,354 shares outstanding following completion of the Financing. For more information please visit www.plateauuranium.com.
17:18 EST Wednesday, Apr 26, 2017
TORONTO, ONTARIO--(Marketwired - April 26, 2017) - Plateau Uranium Inc. ("Plateau Uranium" or the "Company") (TSX VENTURE:PLU)(FRANKFURT:QG1) is pleased to announce the appointment of Mr. Wayne Drier to the Company's Board of Directors, subject to regulatory approval.
Mr. Drier has over 20 years of experience within the global mining sector spanning a wide range of commodities and jurisdictions. He brings to the Board significant uranium experience through his previous role as the Commercial Executive at Mantra Resources Limited, a TSX and ASX listed uranium development company. While at Mantra, Mr. Drier was responsible for marketing and strategy. He initiated and developed relationships with strategic partners and offtake parties, and was also instrumental in the sale of Mantra's Mkuju River Project to ARMZ (the wholly owned subsidiary of the Russian State Corporation for Nuclear Energy) for an all-cash consideration of A$1.02 billion in 2011.
Mr. Drier is currently the Chief Financial Officer of Ero Copper Corp. Prior roles have included senior business development and corporate finance positions at Asanko Gold Inc., BHP Billiton, Norilsk Nickel International as well as a number of years of investment banking experience. He holds an Honours Bachelor of Business Science degree from the University of Cape Town, South Africa.
Ted O'Connor, CEO of Plateau Uranium, commented: "We are extremely pleased to welcome Wayne to the Board of Plateau. He brings extensive mining and uranium market expertise along with additional industry relationships to our already capable Board. As we move the Macusani Plateau uranium project forward, Wayne's strengths and skills will be a significant asset to the Company and its shareholders."
Grant of Stock Options
The Company also announces that, subject to regulatory approval, it has granted stock options to acquire an aggregate of 1,380,000 common shares to directors, officers, employees and consultants of Plateau Uranium and its Peruvian subsidiary under the Company's Stock Option Plan. Each option is exercisable for a five year period to acquire one common share at a price of $0.72 per share. All options are subject to vesting restrictions, with one-third vesting immediately and a further one-third vesting on each of the six and twelve month anniversaries of the date of grant.
About Plateau Uranium
Plateau Uranium Inc. is a Canadian uranium exploration and development company focused on its properties on the Macusani Plateau in southeastern Peru. The Company controls all reported uranium resources known in Peru and mineral concessions that cover over 100,000 hectares (1,000 km2) situated near significant infrastructure. Plateau Uranium is listed on the TSX Venture Exchange under the symbol 'PLU' and the Frankfurt Exchange under the symbol 'QG1'. The Company has 58,043,354 shares outstanding following completion of the Financing. For more information please visit www.plateauuranium.com.
PLATEAU URANIUM ANNOUNCES LETTER OF INTENT FOR INITIAL URANIUM OFFTAKE FROM THE MACUSANI PROJECT, PERU
http://plateauuranium.com/2017/04/17/pl ... ject-peru/
http://plateauuranium.com/2017/04/17/pl ... ject-peru/
Plateau is on the rise
Both uranium and lithium are heating up but few if any companies have a foot in both energy-related markets. One company that does is Plateau Uranium (CN:PLU) with its Macusani project in Peru.
http://www.mining-journal.com/featured- ... -the-rise/
Both uranium and lithium are heating up but few if any companies have a foot in both energy-related markets. One company that does is Plateau Uranium (CN:PLU) with its Macusani project in Peru.
http://www.mining-journal.com/featured- ... -the-rise/
Plateau Finds More Uranium, Talks Lithium: Making a Great Project Even Better?
3/19/2017
By: Malcolm Shaw
(Disclosure: The following represents my opinions only. I am not receiving any compensation for writing this article, nor does Hydra Capital have any business relationship with companies mentioned in this post. I am long PLU.V).
Plateau Finds More Uranium, Talks Lithium: Making a Great Project Even Better
This morning Plateau Uranium (PLU on the TSX Venture) reported assay results from new drilling at the Macusani Project that suggests there may be a more or less horizontal layer of higher grade uranium and lithium mineralization within the main project area. The zone of most interest was drilled from "Platform 1" and is an 8-9 metre thick interval occurring at about 50 metres from surface with grades that are 2-3x the grade reported in the company's most recent resource report (link to a detailed discussion of the resource here). The company implies that this material could possibly represent a source of higher grade material in the early years of any future mine in order to improve the economics. More drilling will be required to determine just how much of this higher grade material there is, but that's not really what should have your attention... because the indicated economics are already incredible.
What should have your attention is that Plateau's existing project (newly-drilled high grade material aside) has some of the most robust indicated economics out there. Plateau took the opportunity to highlight the economics of the Macusani project at $40/pound U3O8 and it still shows a post-tax NPV of US$360 million (yes, USD) and a 29.2% post-tax IRR. I don't think I can think of another pre-production uranium project out there that can match those numbers. Most other companies have to run their projects at $60-65 uranium to make them look attractive, but today Plateau is putting its hand up and saying, "Hey, just so you guys know, we look pretty darn good at $40." Granted these are preliminary economics, but given what I've learned about the project, I'm not surprised that the numbers look as good as they do at this stage.
Plateau also went on to give a lot more detail on the nature of the mineralization, which I think is something that they must continue to do, because the nature of the Macusani project is so unique. As a result of the way this deposit was formed, in addition to the uranium mineralization, Plateau is also seeing what may be commercially interesting concentrations of lithium. Some preliminary work suggests that the lithium can indeed be leached from the rhyolite host rock using standard processes. In turn, the potential for the recovery of lithium as a byproduct should be evaluated in terms of making great economics look even better. Lithium recovery would also make the Macusani project a dual "energy metal" project, which on its own would be a neat show of geochemical serendipity.
I've described Plateau Uranium as a unicorn and I think that still holds true. If you really look at the volume of information on this project and talk to people who have taken the time to get to know it (investors, managers, and technical types alike), there is very little doubt that the Macusani project is something worthy of attention. Now, that on its own isn't good enough to bring investors all the way home, but the roadmap is pretty clear. With most of the key items squared away (resource size, project access, water, power, labour, infrastructure) Plateau just needs to keep moving the ball down the field with respect to metallurgy, permitting, costs, and surface rights/access as it drives towards completion of a full feasibility study. Today's news is another step in the right direction and the reference to the $40/pound economic case (and potential lithium kicker) should serve as another flare in the night sky if anyone is watching. Macusani is still elusive to most, but once you learn about this project it's not one that's soon forgotten. If Plateau management play their cards right and things even start to look like they are coming together, I think this Pacific Rim asset could attract attention from several different players who wouldn't even blink at paying 10 times Plateau's current valuation for the project. Who knows? Maybe one of them will look to take a 9.9% stake in Plateau sooner than I think and take a look behind the curtain... if I were them, I know I would.
​Time will tell.
http://hydracapital.ca/we-are-hydra.html
3/19/2017
By: Malcolm Shaw
(Disclosure: The following represents my opinions only. I am not receiving any compensation for writing this article, nor does Hydra Capital have any business relationship with companies mentioned in this post. I am long PLU.V).
Plateau Finds More Uranium, Talks Lithium: Making a Great Project Even Better
This morning Plateau Uranium (PLU on the TSX Venture) reported assay results from new drilling at the Macusani Project that suggests there may be a more or less horizontal layer of higher grade uranium and lithium mineralization within the main project area. The zone of most interest was drilled from "Platform 1" and is an 8-9 metre thick interval occurring at about 50 metres from surface with grades that are 2-3x the grade reported in the company's most recent resource report (link to a detailed discussion of the resource here). The company implies that this material could possibly represent a source of higher grade material in the early years of any future mine in order to improve the economics. More drilling will be required to determine just how much of this higher grade material there is, but that's not really what should have your attention... because the indicated economics are already incredible.
What should have your attention is that Plateau's existing project (newly-drilled high grade material aside) has some of the most robust indicated economics out there. Plateau took the opportunity to highlight the economics of the Macusani project at $40/pound U3O8 and it still shows a post-tax NPV of US$360 million (yes, USD) and a 29.2% post-tax IRR. I don't think I can think of another pre-production uranium project out there that can match those numbers. Most other companies have to run their projects at $60-65 uranium to make them look attractive, but today Plateau is putting its hand up and saying, "Hey, just so you guys know, we look pretty darn good at $40." Granted these are preliminary economics, but given what I've learned about the project, I'm not surprised that the numbers look as good as they do at this stage.
Plateau also went on to give a lot more detail on the nature of the mineralization, which I think is something that they must continue to do, because the nature of the Macusani project is so unique. As a result of the way this deposit was formed, in addition to the uranium mineralization, Plateau is also seeing what may be commercially interesting concentrations of lithium. Some preliminary work suggests that the lithium can indeed be leached from the rhyolite host rock using standard processes. In turn, the potential for the recovery of lithium as a byproduct should be evaluated in terms of making great economics look even better. Lithium recovery would also make the Macusani project a dual "energy metal" project, which on its own would be a neat show of geochemical serendipity.
I've described Plateau Uranium as a unicorn and I think that still holds true. If you really look at the volume of information on this project and talk to people who have taken the time to get to know it (investors, managers, and technical types alike), there is very little doubt that the Macusani project is something worthy of attention. Now, that on its own isn't good enough to bring investors all the way home, but the roadmap is pretty clear. With most of the key items squared away (resource size, project access, water, power, labour, infrastructure) Plateau just needs to keep moving the ball down the field with respect to metallurgy, permitting, costs, and surface rights/access as it drives towards completion of a full feasibility study. Today's news is another step in the right direction and the reference to the $40/pound economic case (and potential lithium kicker) should serve as another flare in the night sky if anyone is watching. Macusani is still elusive to most, but once you learn about this project it's not one that's soon forgotten. If Plateau management play their cards right and things even start to look like they are coming together, I think this Pacific Rim asset could attract attention from several different players who wouldn't even blink at paying 10 times Plateau's current valuation for the project. Who knows? Maybe one of them will look to take a 9.9% stake in Plateau sooner than I think and take a look behind the curtain... if I were them, I know I would.
​Time will tell.
http://hydracapital.ca/we-are-hydra.html