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Plato Gold Announces Assay Results For Good Hope Niobium Project
TORONTO, Aug. 16, 2017 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V:PGC) (“Plato” or the “Company”), an exploration company with a portfolio of properties in Nor
About this update from Plato Gold Corp.
[{"type":"text","content":"TORONTO, Aug. 16, 2017 (GLOBE NEWSWIRE) -- 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 announce the assay results from the summer prospecting, sampling and geological mapping program on the Good Hope Niobium Property in June 2017. The Good Hope Niobium Property consists of a total of 19 claims, 263 claim units and 4,208 hectares in Killala Lake Area and Cairngorm Lake Area Townships, northwest of Marathon, Ontario. Figure 1. Photo of pale green apatite and pyrochlore in calcio-carbonatite vein in boulder from Site #28. \"I am pleased that our exploration program has both increased the size of the Carbonatite footprint and, more importantly, the discovery of additional anomalous niobium values on the Good Hope Niobium Project,” said Anthony J. Cohen, President & CEO of Plato Gold Corp. “I am looking forward to our upcoming drill program.\" Plato’s due diligence sampling confirmed outcrops with anomalous Niobium (Nb) and Phosphorus (P) values and the summer mapping program identified new areas of anomalous Nb and P. Plato’s due diligence sampling at the Discovery Pit #1 found 1.055 %Nb2O5 and 9.25 % P2O5. Plato will use the location of the anomalous Nb samples, magnetic lows and topographic lows (e.g. swamps and lakes) to aid in drill targeting for carbonatite for the fall drill program. The four areas of mineralization identified during this mapping program are: site #28 (claim 4256251), site #21A (claim 4246269), sites #22 and #25 (claim 4256252) and site #37 (claim 4256259). Although these mineralized sites were previously known, Plato’s exploration team increased the area of the mineralized sites and found new mineralized outcrops within these sites. Site #28 (Claim 4256251, northwestern part of property) Plato’s due diligence sampling the Discovery Pit #1 and Trench TR-01-PL-15 confirms the presence of high grade niobium and phosphorus mineralization: Plato’s due diligence sampling at the Discovery Pit #1 found 1.055 %Nb2O5 and 9.25 % P2O5 (Table 1). Plato’s pit sample contains Fe-rich calcio-carbonatite with common calcite, ankerite, apatite and 2% pyrochlore. Sampling by Rudy Wahl of the same pit found 1.63 %Nb2O5 and 20.66 %P2O5 in carbonatite. Sampling in 2015 by MDN Inc. found 1.60 and 1.03 %...