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Plato Gold Initiates Time and Frequency Domain EM Survey on Marriott Site
Toronto, Ontario, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) is pleased to announce it has signed a contract
About this update from Plato Gold Corp.
[{"type":"text","content":" Toronto, Ontario, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) is pleased to announce it has signed a contract with Terraquest Airborne Geophysics Ltd. of Markham, Ontario to conduct a Helicopter Time and Frequency Domain Electromagnetic survey utilizing a developmental Raptor 160 Heli TFDEM. The data acquisition, field processing, and production of maps and preparation of the report of work will be based on results of data gathered utilizing the Raptor 160 system which is managed by Terraquest Ltd. The survey will cover the entire Marriott Property at 100 m line spacing. The results of the airborne survey will be increased delination of exploration targets ranging from shallow to deep not yet discovered by other tradional airborne Time Domain Electromagnetic systems. Plato hopes that this new innovative technique will show possible gold exploration targets not identified by previous geophysics surveys on the Property. The Marriott Property has been underexplored and this Time and Frequency Domain Airborne EM survey will help to identify new targets for gold exploration. The Property is located within the gold mineralized Abibiti Greenstone belt. The Destor-Porcupine Fault Zone occurs along the northern boundary of the Property and several NE-SW trending splays off of the DPFZ occur within the Property. A 1988 drill program showed that gold mineralization occurred in association with a felsic volcanic horizon that extends E-W across the property (MNDMNRF assessment report 32D12SE0087). The large felsic volcanic horizon has a true thickness of 90 m and extends for 6 km. A 1995 drill program also intersected gold mineralization in association with narrow/minor shear/fault zones in the northern part of the property and a second narrow felsic volcanic horizon (MNDMNRF assessment report 32D12SE0078). The technical information found within this news release has been reviewed and approved by Julie Selway, Ph.D., P. Geo., a qualified person (QP) for the purposes of NI 43-101. About Plato Gold Corp. Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange and Frankfurt Exchange with projects in Timmins Ontario, Marathon Ontario, and Santa Cruz, Argentina. The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/H...