Plato Gold Reports on First Quarter Results
For Immediate Release
Plato Gold Reports on First Quarter Results
Toronto, May 20 , 2020 – Plato Gold Corp. (TSX-V: PGC) (“Plato” or the “Company ”), an
exploration company with a portfolio of properties in Northern Ontario and Santa Cruz, Argentina
is pleased to report the three months financial results for fiscal 2020 and 2019, as summarized
below:
Three Months Ended
(Unaudited)
March 31, March 31,
2020 2019
Income $ 974 $ 1,263
Net Loss and Comprehensive Loss $ 60,433 $ 18,427
Loss per common share - basic and diluted $ 0.00 $ 0.00
Weighted average number of common shares outstanding
- basic and diluted 204,657,419 197,499,727
For full details, please visit us at www.platogold.com.
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 254 claims, consisting of 227 Single Cell
Mining Claims and 27 Boundary Cell Mining Claims, and covers an area of approximately 5,146
hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario. Plato
holds 100% interest in the Good Hope Niobium Property.
The Pic River Platinum Group Metals (PGM) Project consists of a total of 111 Single Cell Mining
Claims and covers an area of approximately 2,247 hectares in Foxtrap Lake and Grain Township,
Thunder Bay Mining District, in Ontario , including 19 claims on the eastern boundary next to
Generation PGM.
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. The 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.
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, and future plans and objectives. 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 “believes”, or variations of
such words and phrases or state that certain 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 to 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 statements, including but
not limited to risks related to: risks related to exploration; actual resource viability, and other risks of the mining industry . Although management
of Plato has attempted to identify important factors that could cause actual results to differ materially from those containe d in forward-looking
statements, there may be other factors that cause results not to be as anticipated, estima ted 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 s uch statements.
Accordingly, readers should not place undue reliance on forw ard-looking statements. The Company does not undertake to update any forward -
looking statements that are incorporated by reference herein, whether as a result of new information, future events or otherw ise, except in
accordance with applicable securities laws.