Business
Plato Gold Corp. Announces Sale of Timmins-Area Properties to Mayfair Gold Corp.
TORONTO, Ontario, April 02, 2026 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V:  PGC ) (OTCQB:...
About this update from Plato Gold Corp.
[{"type":"text","content":"Plato Gold Corp. Announces Sale of Timmins-Area Properties to Mayfair Gold Corp.\nTORONTO, Ontario, April 02, 2026 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) announces that it has entered into a definitive asset purchase agreement (the “Agreement”) with Mayfair Gold Corp. (“Mayfair”) pursuant to which Mayfair will acquire Plato’s interests in the Guibord, Marriott and Holloway properties (collectively, the “Properties”), all located in the Timmins, Ontario area, for total cash consideration of C$2.5 million. The Properties consist of mineral claims and mining leases located along and adjacent to the Destor–Porcupine structural corridor in the Timmins gold district. The transaction is intended to allow Plato to monetize non-core assets and focus its resources on advancing its remaining exploration portfolio. Anthony Cohen, President and Chief Executive Officer of Plato Gold Corp., commented: “Plato is pleased to conclude the sale of these assets to Mayfair Gold in order to concentrate on our flagship Good Hope niobium project, as well as other projects that we believe can add value for Plato’s shareholders. We were very pleased to be introduced to the team at Mayfair Gold and to work with them in concluding this transaction, which we believe will benefit each of our respective shareholders and allow us to monetize long-held assets. Mayfair has been professional and a pleasure to deal with throughout the process.” Properties Included in the Transaction Under the terms of the Agreement, Mayfair will acquire the following interests from Plato: Guibord Property (50% interest)The Guibord Property consists of 16 mineral claims and two mining leases covering approximately 275 hectares. The property is located southeast of the Timmins mining camp and benefits from highway access. Marriott Property (100% interest)The Marriott Property consists of 142 contiguous mining claims covering approximately 2,728 hectares and is accessible via Highway 101. The property is an early-stage exploration asset within the broader Timmins mining district. Holloway Property (100% interest)The Holloway Property consists of 10 contiguous mining claims covered by a mining ...