Junior exploration roundup: Lake Resources, Inca, Plateau Uranium

Wednesday, November 30, 2016

Australian miner Lake Resources said it secured leases for land at its Kachi lithium project in Catamarca, Argentina.

The company plans to start work immediately on grid sampling to be followed by geophysical studies and drilling early in the new year, according to a statement.

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Australia's Inca Minerals reported exploration results from its Cerro Rayas zinc-silver-lead project in Peru.

Mapping and rock chip sampling averaged 30.55% zinc, 177.3g/t silver and 21.21% lead at the Wari old mine workings, the company said in a statement. Inca added it plans further mapping and sampling next year before applying for a drill permit.


Toronto's Plateau Uranium released an exploration update from its Macusani Plateau uranium project in Puno, Peru.

Work on an 800-1,000m, 5-8 diamond drill hole program at the property's Pinocho target is to be completed by the end of the year, the company said in a statement. Work is also ongoing on prospecting, mapping and sampling at the Chimboya target to pinpoint drill targets, Plateau said.

The company added it will issue 2.5mn common shares at Cdn$0.27 to GBM Minerals Engineering Consultants plus make a US$200,000 cash payment to pay off a debt.