Plato Gold Corp Completes 5000m Drill Program on Good Hope Niobium Property
Plato Gold Corp Completes 5000m Drill Program
on Good Hope Niobium Property
Toronto, Ontario – June 6, 2018 - Plato Gold Corp. (TSX-V: PGC) (“Plato” or the “Corporation”) is pleased
to provide an update on its drilling program on the Good Hope Niobium Property (“Property”) in the
Killala Lake Area near Marathon, Ontario.
On May 25th, 2018, Plato completed its first round of exploratory drilling on the Property drilling a total
of 5016 metres. All completed holes intersected a brecciated system consisting of variably fenitized
(metasomatized) quartz syenite /syenite intruded by carbonatite dykes and crosscutting carbonatite
veins.
Table 1. 2018 Drill Hole Collar Information
Drill Hole Status Easting
(NAD83-16)
Northing
(NAD83-16)
Azimuth
(°)
Dip
(°)
Final
Length (m)
Completion
Date
PGH-18-01 Completed 519527 5432369 338 -50 501 2018-03-21
PGH-18-02 Completed 519437 5432594 338 -50 372 2018-03-25
PGH-18-03 Failed to
reach bedrock 519435 5432302 338 -50 78 2018-03-28
PGH-18-03B Completed 519527 5432369 290 -50 480 2018-04-04
PGH-18-04 Completed 519729 5432428 337 -60 672 2018-04-17
PGH-18-05/5B Abandoned 519618 5432342 337 -60 60/72 2018-04-19
PGH-18-06 Completed 519644 5432360 338 -60 633 2018-04-30
PGH-18-07 Completed 519787 5432542 344 -60 669 2018-05-08
PGH-18-08 Completed 519731 5432724 344 -50 498 2018-05-14
PGH-18-09 Completed 519664 5432567 337 -50 510 2018-05-20
PGH-18-
10/10A Completed 519604 5432445 341 -60 36/435 2018-05-25
A principal aim of the program was to identify new zones of high -grade niobium (Nb) mineralization . It
has been observed in previous surface sampling programs on the Property that high -grade niobium
mineralization (>1.0 wt.% Nb2O5) occurs predominantly within carbonat ite veins /dykes that contain
cumulates of pyrochlore ( a niobium-bearing mineral) and apatite ( a phosphate mineral). High-grade
niobium mineralization has also been identified at surface within carbonatite-syenite (alkalic) breccias.
The most significant c arbonatite/breccia zones intersected in drill holes PGH -18-04 through PGH -18-08
from the current work program are listed in Table 2 (see press release dated April 11, 2018 for holes
PGH-18-01 to PGH-18-03B). The largest intersection of carbonatite was in hole PGH-18-06 where a 68.57
metre wide zone was intersected, which included two approximately 25 metre wide intervals of massive
carbonatite interrupted by a diabase dyke (381.85 -407.47m and 414.4 -441.13m; insufficient data is
available to determine true w idth). The intersection of massive carbonatite and breccias in every drill
hole suggests that significant potential exists for niobium mineralization over a large area.
Table 2. Significant Carbonatite/Breccia Intersections for hole 4 through 8 (>5m core width)
Drill Hole From
(m)
To
(m)
Core Width
(m)*
Description
**
PGH-18-04 216.8 222.66 5.86 CRBT
PGH-18-04 493.15 508.34 15.19 CRBT/SYE-BX
PGH-18-04 537.75 555.17 17.42 CRBT
PGH-18-04 580.5 592 11.5 SYE-BX/CRBT
PGH-18-04 608 620.7 12.7 CRBT/SYE
PGH-18-05B 66.9 72 5.1 CRBT/SYE-BX
PGH-18-06 25.9 30.1 4.2 CRBT
PGH-18-06 30.1 41.5 11.4 SYE-BX
PGH-18-06 97.9 108 10.1 CRBT/SYE-BX
PGH-18-06 117.2 124.85 7.65 SYE-BX
PGH-18-06 193.13 206.08 12.95 CRBT/SYE-BX
PGH-18-06 372.56 377.63 5.07 CRBT
PGH-18-06 377.63 381.85 4.22 SYE
PGH-18-06 381.85 407.47 25.62 CRBT
PGH-18-06 407.47 414.4 6.93 DIAB
PGH-18-06 414.4 441.13 26.73 CRBT
PGH-18-07 169.85 182 12.15 SYE-BX
PGH-18-07 214.05 220.32 6.27 CRBT/SYE-BX
PGH-18-07 226 232.7 6.7 CRBT/SYE-BX
PGH-18-07 265.95 282.5 16.55 CRBT/SYE-BX
PGH-18-07 282.5 288 5.5 CRBT
PGH-18-07 299.25 307.4 8.15 CRBT/SYE-BX
PGH-18-07 468.16 474.35 6.19 CRBT
PGH-18-07 519.5 532.91 13.41 SYE-BX
PGH-18-07 547.7 556.1 8.4 CRBT/SYE-BX
PGH-18-07 573.15 590.9 17.75 CBRT
PGH-18-07 608 625 17 CRBT/SYE-BX
PGH-18-07 631.84 639 7.16 CRBT/SYE-BX
PGH-18-07 639 647.3 8.3 CRBT
PGH-18-07 647.3 650.75 3.45 CRBT/SYE-BX
PGH-18-08 45.9 72.2 26.3 SYE-BX
PGH-18-08 174 183 9 CRBT
PGH-18-08 290.8 315.25 24.45 SYE-BX
PGH-18-08 315.25 337.8 22.55 CRBT/SYE-BX
PGH-18-08 357.2 368 10.8 SYE-BX
PGH-18-08 372.25 376.7 4.45 CRBT
PGH-18-08 376.7 383.3 6.6 SYE-BX
PGH-18-08 383.3 386.55 3.25 CRBT
PGH-18-08 386.55 387.34 0.79 DIAB
PGH-18-08 387.34 393.2 5.86 CRBT-BX
*True widths not yet determined;
**CRBT = Massive carbonatite; SYE = Un-brecciated syenite/quartz-syenite; CRBT/SYE-BX =
Mix of massive carbonatite and breccia (syenitic clasts in carbonatite matrix); CRBT-BX =
Breccia where carbonatite content greater than syenite; DIAB = Diabase dyke; Highlighting
denotes continuous zones.
The l ogging and sampling of holes PGH -18-09 and PGH -18-10A is ongoing . All s amples from the drill
program are being submitted to Activation Laboratories (ActLabs) in Thunder Bay, Ontario . Samples
from hole PGH-18-04 onwards have been submitted for ActLabs ’ Coltan XRF package which includes an
analysis of niobium by fusion-XRF. Analytical results are expected to be released shortly.
Laura Giroux, P.Geo., Msc., a Qualified Person as defined by NI 43-101, is responsible for the technical
information contained in this news release and has reviewed and approved its content.
Figure 1. Location of 2018 Drill Holes.
About Plato Gold Corp.
Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange with projects in
Marathon Ontario, Timmins Ontario and Santa Cruz, Argentina.
The Good Hope Niobium Project consists of a total of 19 claims, 263 claim units and 4 ,208 hectares in
Killala Lake Area an d Cairngorm Lake Area Townships, near Marathon Ontario. In May 2017, Plato
signed an option agreement with Rudy Wahl and co -owners to acquire 100% interest in the Good Hope
Property.
The Timmins Ontario project includes 4 properties: Guibord, Harker , Holloway and Marriott in the
Harker/Holloway gold camp located east of Timmins, Ontario. Plato holds 50% interest in the Guibord
property with the remaining 50% held by Osisko Mining Inc. (“Osisko”). Osisko also holds 80% interest
in the Harker property with Plato holding the remaining 20%.
In Argentina, Plato owns a 75% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated
company. T he Lolita Property , held by WMSA, is comprised of a number of contiguous mineral rights
totaling 9,672 hectares. Work has advanced on this exploration property to the point that it is drill -
ready or ready to be optioned to a partner.
For additional company information, please visit: www.platogold.com.
For further information, please contact:
Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
www.platogold.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS
RELEASE.
Forward Looking Statements
This news release contains “forward -looking statements”, within the meaning of applicable securities la ws. These statements include, but are
not limited to, statements regarding the,potential mineralization and resources, exploration results, and future plans and ob jectives. Generally,
these forward-looking statements can be identified by the use of forward -looking terminology such as “plans”, “expects” or “does not expect”,
“is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believ es”, or variations of
such words and phrases or state that ce rtain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and
they are subject t o known and unknown risks, uncertainties and other factors that may cause the actual results, use of proceeds, level of
activity, performance or achievements of Plato to be materially different from those expressed or implied by such forward -looking state ments,
including but not limited to risks related to: risks related to exploration; actual resource viability, and other risks of th e mining industry .
Although management of Plato has attempted to identify important factors that could cause actual result s to differ materially from those
contained in forward -looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There
can be no assurance that such statements will prove to be accurate, as actual r esults and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward -looking statements. The Company does not
undertake to update any forward -looking statements that a re incorporated by reference herein, whether as a result of new information, future
events or otherwise, except in accordance with applicable securities laws.