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Plato Gold Completed Airborne Surveys on the Good Hope Niobium and the Pic River PGE-Cu-Ni Projects and received exploration permits for four Ontario projects
TORONTO, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) is pleased to announce it has completed airborne Magneti
About this update from Plato Gold Corp.
[{"type":"text","content":" TORONTO, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) is pleased to announce it has completed airborne Magnetic-Spectrometer and high resolution Magnetic-Time-Domain Electromagnetic (MAG-SPEC & MAG-TDEM) surveys over the Good Hope Niobium and the Pic River PGE-Cu-Ni Projects located along the north shore of Lake Superior in the Marathon area. Prospectair Geosurveys Inc. conducted the surveys. Plato Gold Corp. is also pleased to announce it has been granted exploration permits (3-year term) from the Ontario Ministry of Northern Development, Mines, Natural Resources and Forestry for the following 4 Projects: Good Hope Niobium Project Pic River Palladium Project Marriott Gold Project Holloway Gold Project The Good Hope Niobium Project was optioned from 2020 PDAC Prospector of the Year, Rudy Wahl, in 2017. In 2019 Plato Gold completed work and made payments to earn its 100% interest in the Good Hope Property following a 5,000 m diamond drilling program. Results from preliminary sampling of this drill core are provided below (see News Release, Plato Gold Corp. August 25, 2021): 2018 DRILL PROGRAM HIGHLIGHTS Plato Gold Corp Good Hope Project 2018 Drill Holes From(m) To(m) Interval(m) Grade(Nb %) PGH-18-01 324 342.16 18.16 0.232 Incl 324 331.89 7.81 0.320 PGH-18-02 39.25 50.50 11.25 0.218 incl 39.25 44.00 4.74 0.334 PGH-18-03B 188.73 196.00 7.27 0.247 218.86 223.30 4.44 0.381 PGH-18-04 527.22 551.25 24.03 0.279 Incl 537.75 551.25 13.50 0.363 PGH-18-06 371.34 402.67 31.33 0.262 Incl 381.85 390.84 8.99 0.402 PGH-18-07 573.14 586.42 13.28 0.300 PGH-18-08 376 380.24 4.24 0.201 PGH-18-09 446.17 459.65 13.48 0.179 PGH-18-10A 364.24 396.24 32.00 0.307 Incl 364.24 377.3 13.06 0.391 In 2021 the company submitted over 2,000 one-meter samples of additional drill core from the Good Hope Niobium Project’s 2018 diamond drilling program to Activation Laboratories Ltd. (ActLabs) in Thunder Bay. Results are expected by early to mid-December. These new results will be added to our previous diamond drilling data to build a better understanding of the Good Hope carbonatite system. A helicopter airborne MAG-SPEC 50-meter line spacing survey was also recently conducted by Prospectair Geosurveys Inc. over the property. Anomalies defined by this survey combin...