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Plato Gold Corp. Announces Start of Diamond Drilling Program
TORONTO, March 19, 2018 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V:PGC) (“Plato” or the “Corporation”), an exploration company with a portfolio of properties i
About this update from Plato Gold Corp.
[{"type":"text","content":" TORONTO, March 19, 2018 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V:PGC) (“Plato” or the “Corporation”), an exploration company with a portfolio of properties in Northern Ontario and Santa Cruz, Argentina is pleased to announce that it has started a diamond drilling program on it’s approximately 4,200-hectare Good Hope Niobium Property northwest of Marathon, Ontario. The drill program follows up on a program of prospecting, sampling, and mapping completed in June 2017 (see press release – August 16, 2017). The goal of the program is to find the source of high-grade niobium mineralization occurring at surface. The minimum 5000 metre diamond drilling program will start by targeting a magnetic low under a swampy area to the northwest and west of Discovery Pit #1 (Site #28). Past work has indicated that the carbonatite dyke identified at Pit #1 dips in this direction to the northwest. Plato’s resampling of carbonatite from Pit #1 in 2017 found 1.055% Nb2O5 and 9.25% P2O5. Chibougamau Diamond Drilling has been contracted for the program. Laura Giroux, P.Geo., Msc., a Qualified Person as defined by NI 43-101, is responsible for the technical information contained in this news release and has reviewed and approved its contents. About Good Hope The Good Hope Property is located approximately 45 kilometers northwest of Marathon, Ontario in the Killala Lake and Cairngorm Lake Areas and is readily accessed from Trans Canada Highway (17) via a logging road. The Property surrounds Nuinsco Resources Limited’s Prairie Lake Carbonatite Complex. In 2010, prospector Rudy Wahl discovered niobium mineralization on the Property when he identified 1.63% Nb2O5 and 20.66% P2O5 in a small outcrop at Discovery Pit #1. Since then work on the property has included grab sampling, channel sampling, trenching, ground radiometrics survey, airborne magnetic- radiometrics surveys, and mineralogical studies. Past drilling on the property has been limited to two shorter holes (approximately 140 metres each) drilled by Wahl in 2016. 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 19 claims, 263 claim units and 4,208 hectares in Killala Lake Area and Cairngorm Lake Area Towns...