Plato Gold Initiates Time and Frequency Domain EM Survey on Marriott Site
For Immediate Release
Plato Gold Initiates Time and Frequency Domain
EM Survey on Marriott Site
Toronto, Ontario, December 07, 2021 – Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or
WKN: A0M2QX) is pleased to announce it has signed a contract with Terraquest Airborne
Geophysics Ltd. of Markham, Ontario to conduct a Helicopter Time and Frequency Domain
Electromagnetic survey utilizing a developmental Raptor 160 Heli TFDEM. The data acquisition,
field processing, and production of maps and preparation of the report of work will be based on
results of data gathered utilizing the Raptor 160 system which is managed by Terraquest Ltd. The
survey will cover the entire Marriott Property at 100 m line spacing.
The results of the airborne survey will be increased delination of exploration targets ranging from
shallow to deep not yet discovered by other tradional airborne Time Domain Electromagnetic
systems. Plato hopes that this new innovative technique will show possible gold exploration targets
not identified by previous geophysics surveys on the Property.
The Marriott Property has been underexplored and this Time and Frequency Domain Airborne EM
survey will help to identify new targets for gold exploration. The Property is located within the
gold mineralized Abibiti Greenstone belt. The Destor-Porcupine Fault Zone occurs along the
northern boundary of the Property and several NE-SW trending splays off of the DPFZ occur
within the Property. A 1988 drill program showed that gold mineralization occurred in association
with a felsic volcanic horizon that extends E-W across the property (MNDMNRF assessment
report 32D12SE0087). The large felsic volcanic horizon has a true thickness of 90 m and extends
for 6 km. A 1995 drill program also intersected gold mineralization in association with
narrow/minor shear/fault zones in the northern part of the property and a second narrow felsic
volcanic horizon (MNDMNRF assessment report 32D12SE0078).
The technical information found within this news release has been reviewed and approved by Julie
Selway, Ph.D., P. Geo., a qualified person (QP) for the purposes of NI 43-101.
About Plato Gold Corp.
Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange and
Frankfurt Exchange with projects in Timmins Ontario, Marathon Ontario, and Santa Cruz,
Argentina.
The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in
the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold. The
Marriott Property, east of Matheson, Ontario consists of 98 cell claims and is 100% owned by
Plato Gold Corp.
In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina
incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares
with potential for gold and silver.
The Good Hope Niobium Project consists of approximately 5,146 hectares in Killala Lake Area
and Cairngorm Lake Area Townships, near Marathon Ontario with the primary target being
niobium.
The Pic River Platinum Group Metals (PGM) Project consists of 2,247 hectares in Foxtrap Lake
and Grain Township, near Marathon Ontario of which 19 claims are contiguous to the western
boundary of Generation Mining’s Marathon PGM project and is located on strike to Generation
Mining’s Sally deposit.
For additional company information, please visit 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.
For further information, please contact:
Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
www.platogold.com
Forward-Looking Statements
This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not
limited to, statements regarding the potential mineralization and resources, exploration results, concentrations of pay minerals that may offset
operating costs and future plans and objectives. These forward-looking statements are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could
change or prevent these statements from coming to fruition include but are not limited to: changing costs for mining and processing; increased
capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed
information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered
analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even it tests are
successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced;
and conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained.
Although management of Plato has attempted to identify important factors that could cause actual results 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 results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained
herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or
circumstances, except as required by law.