Plate Resources Inc. Announces Competetion of 2016 Exploration Drilling Program at Lucky Mike Property near Merritt B.C.
December 2 , 2016 - Vancouver, British Columbia - Plate Resources Inc. (TSX-V:PLR) (the "Company") is pleased to announce that it has completed Phase 3 exploration of the Lucky Mike property near Swakum Mountain 26 kilometers north of Merritt B.C. The 29 claims of the Lucky Mike property comprises 6,085.74 hectares.
The program was funded by Korea Resources Corporation and Nexgeo Inc. (together the "Consortium") who has the right to earn a 69% interest in the property by expending approximately C$2.4 million from September 2014 to December 31,2016.
The 2016 drill program consisted of 7 drill holes totaling about 3,850 meters and was completed under the supervision of James Turner, P. Geo., a Qualified Person. Core samples were submitted to Bureau Veritas Laboratory in Vancouver (formerly Acme Analytical Laboratory) with the results pending.
The primary objective the 2016 drilling was to investigate geological extensions of copper and molybdenum mineralization encountered in previous work programs.
Diamond drill hole data for the 2016 work program are as follows:
About Plate Resources Inc:
Plate Resources Inc. (TSX-V: PLR) is a Canadian based company focused on the search and exploration of mineral properties mineral properties.
The forward-looking statements contained in this press release are made as of the date hereof and Plate Resources undertakes no obligations to update publicly or revise any forward-looking
statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the PLATE RESOURCES INC. 2)
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ON BEHALF OF THE BOARD OF DIRECTORS
/s/ “Collin Kim” Director