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Plato Gold Receives Payment From St Andrew for One Year Extension to Amended Option Agreement
TORONTO, ONTARIO--(Marketwired - Nov. 9, 2015) - Plato Gold Corp. (TSX VENTURE:PGC) ("Plato" or the "Company"), an exploration company with a portfolio of prope
About this update from Plato Gold Corp.
[{"type":"text","content":" TORONTO, ONTARIO--(Marketwired - Nov. 9, 2015) - Plato Gold Corp. (TSX VENTURE:PGC) (\"Plato\" or the \"Company\"), an exploration company with a portfolio of properties in significant gold mining camps in Santa Cruz, Argentina and Northern Ontario is pleased to report that in accordance with the Option Agreement of November 8, 2010, and the Amendment to the Option Agreement dated June 21, 2013, that St Andrew Goldfields Ltd. (TSX:SAS) (\"St Andrew\"), has made a payment of $8,550, in lieu of 25,000 common shares of SAS, to extend the option agreement for one additional year as described in the Amendment to the Option Agreement dated June 21, 2013. For full details, please visit us at www.platogold.com. About Plato Gold Corp. Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange with projects in Santa Cruz, Argentina and Timmins, Ontario. In Argentina, Plato owns a 75% interest in Winnipeg Minerals S.A., an Argentina incorporated company. The Lolita Property is comprised of a number of contiguous mineral rights totaling 9,672 hectares are held by Winnipeg Minerals S.A. Work has advanced on this exploration property to the point that it is drill-ready or ready to be optioned to a partner. The Northern Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario. In November 2010, Plato signed an agreement granting St Andrew Goldfields Ltd. the option to earn a 75% interest in the above properties. Currently the Holloway and Marriott properties remain in good standing. In July 2012, Plato sold a 50% interest in the Guibord property to Victory Gold Mines Inc. who amalgamated with Northern Gold Mining Inc. on February 6, 2013. In February 2013, Plato sold an 80% interest in the Harker property to Northern Gold Mining Inc. For additional company information, please visit: www.platogold.com. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE. Forward-Looking Statements This news release contains \"forward-looking statements\", within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding the,potential mineralization and resources...