Haywood Analyst, Colin Healey’s Mining Flash

  Mar 20, 2017   in Analyst Coverage

Mining Flash - March 20, 2017   

 

 Plateau Uranium Inc. (PLU-V, $0.60)

Not Rated

Colin Healey, MBA, chealey@haywood.com

 

Encouraging Grades Intersected at Pinocho Target Highlight Potential of Zone

 

Highlights:

  • Plateau Uranium has released results of 6 new holes drilled from 2 platforms at the Pinocho target at its Macusani Plateau uranium project, Peru, which hosts an all-categories NI 43-101 uranium resource of 124 Mlb U3O8 (225 Mt grading 250 ppm U3O8), and a lithium resource of 175,740 t Li2O equivalent (140 Mt grading 0.126% Li2O equiv., Ind. + Inf.).
  • Select Drilling Highlights:
  • TNE (70° @ 65° azimuth) - intersected 8.0 metres grading 861 ppm U3O8 from 53 metres depth, including 3.0 metres grading 2,160 ppm, and 3.5 metres grading 162 ppm U3O8  from 66.5 metres depth.  Also, intersecting 20.0 metres grading 1,154 ppm Li2O, from 50 metres depth.
  • TNW (70° @ 355° azimuth) - intersected 9.0 metres grading 566 ppm U3O8 from 53 metres depth, including 2.0 metres grading 2,182 ppm, and 8.0 metres grading 148 ppm U3O8 from 88.0 metres depth. Also, intersecting 12.0 metres grading 1,177 ppm Li2O, from 50 metres depth, and 20.0 metres grading 1,259 ppm Li2O, from 160 metres.
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