Plato Gold Reports on Preliminary Prospecting and Sampling Program for the Pic River PGE-Cu Project
For Immediate Release
Plato Gold Reports on Preliminary Prospecting and
Sampling Program for the Pic River PGE-Cu Project
Toronto, November 30, 2022 – Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF)
(FRANKFURT: 4Y7 OR WKN: A0M2QX) is pleased to announce results from its recently completed
preliminary prospecting and sampling program over select areas of the Pic River PGE -Cu
Project, located 30 km northwest of Marathon, Ontario. The property is contiguous to the western
boundary of Generation Mining Limited’s Marathon Palladium Copper Project and is located on
strike with Generation Mining’s Sally D eposit. The work was conducted during a five -week
period from July 1 to August 7, 2022. Due to the rugged nature of the topography in this area and
limited ground access, only a select number of sites were visited across the property. Additional
numerous coincident magnetic-electromagnetic (EM) anomalies determined from Plato’s October
2021 Prospectair Geosurveys airborne geophysical survey will be targeted and sampled during the
company’s upcoming phase 2 program.
A total of 50 closely spaced soil samples were collected for Soil Gas Hydrocarbon (SGH) analysis
from an area of heavy overburden in the south- central portion of the Pic Rive r claim group. In
addition to the lack of exposed bedrock, a series of high priority EM and coincident magnetic
anomalies, were outlined by Plato’s airborne survey in this particular area. Results from the SGH
analysis indicate a significant copper -gold anomaly which will be tested by future diamond
drilling.
A total of 53 rock sample grabs were also collected for standard geochemical analysis from
locations across the property. Results ranged from 5 ppm to 411 ppm Cu and 3 ppb to 331 ppb
Au. Both ground-based prospecting and limited helicopter support were used to access sites.
To address the access issue, d uring this initial groundwork, considerable time was spent clearing
a 10 km trail along a historic logging road to provide access to the central portion of the property.
This will assist in future planned exploration work, including prospecting and mapping, access for
mechanized equipment (trenching and sampling) and diamond drilling.
The technical and scientific disclosures in this news release were reviewed and approved by
Gerald D. White, B.Sc., P.Geo., a ‘Qualified Person’ (QP) under National Instrument 43-101.
About Plato Gold Corp.
Plato Gold Corp. is a Canadian exploration company traded on the TSX Venture Exchange, OTC
Markets, 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.
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 tota lling 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 we stern
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: 416-948-8427
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 miner als 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 pr ove 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 e conomically 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.