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Plato Gold Initiates Additional Sampling at the Good Hope Niobium Project
TORONTO, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) is pleased to announce it has cut an additional 2,267 m
About this update from Plato Gold Corp.
[{"type":"text","content":" TORONTO, Aug. 25, 2021 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) is pleased to announce it has cut an additional 2,267 m of core from its 2018 diamond drill program on the Good Hope Niobium Project, located 45 km northwest of Marathon, Ontario. Logging and sampling of the core is currently underway. To date, 2,115 samples have been sent to the Actlabs facility in Thunder Bay, Ontario for niobium analysis. The remaining 199 samples from the final 2 holes (PGH-18-10 and -10A) will be submitted for analysis by August 25, 2021. All holes intersected zones of massive carbonatite within a brecciated system consisting of variably fenitized (altered) alkaline rocks (syenite to alkali feldspar granite) intruded by carbonatite dykes and crosscutting carbonatite veins. The drilling encompassed an area of approximately 500 m by 500 m with all holes drilled in a northwesterly direction. The nine completed drill holes ranged in length from 372 m to 672 m, testing the area to a vertical depth of between 285 m and 580 m. 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 Assay highlights from previous work conducted on the property include up to 1.466% niobium (Nb2O5) and 11.52% phosphorus (P2O5) from sampling of the original surface pits in 2014 and up to 0.950% Nb2O5 and 6.20% P2O5 over 1.1 m in core sampling by Plato Gold during its initial diamond drilling program in 2018 (Giroux 2018). Other significant results from the 2018 program, which consisted of 5016 m of HQ diameter drilling in 10 holes, are provided in the table above. Exploration planning and ongoing review of all historical data indicated that additional sampling of the drill core was warranted. Ultraviolet (UV) scanning of the recently cut drill core has indicated a hig...