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Plato Gold reports on High-Resolution Airborne Magnetic and Radiometric Geophysical Survey on the Good Hope Niobium Project
Toronto, Ontario, April 04, 2022 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) is
About this update from Plato Gold Corp.
[{"type":"text","content":" Toronto, Ontario, April 04, 2022 (GLOBE NEWSWIRE) -- Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) is pleased to announce the results from its recently completed High-Resolution Airborne Magnetic and Radiometric geophysical survey over the Good Hope Niobium Project. The geophysical survey data confirmed the Good Hope Niobium occurrences represent a discrete intrusion distinct from Prairie Lake Carbonatite complex located to the southeast. Geophysical data and 2018 diamond drilling indicate the potential size of the niobium-rich zone to be at least 500 sq m in area with a confirmed depth of 500 m. The geophysical survey was flown by Prospectair Geosurveys Inc. of Gatineau, Québec in October of 2021. The property is located 60 km northwest of Marathon, Ontario. Results from both the survey and a recently expanded sampling program completed on the 2018 diamond drill core, will be used to direct exploration work during the 2022 field season. The sampling program included 2,314 one-meter samples submitted for analysis to Activation Laboratories Ltd. (ActLabs) in Thunder Bay (Plato Gold News Release, September 21, 2021). Additional highlights of results from the recently completed geophysical survey and sampling program and the general infrastructure related to the Good Hope Project, are provided below: Results from the 2018 and 2021 drill core sampling program identified numerous niobium-rich sections including 0.307% Nb2O5 over 32.00 m and 0.405% Nb2O5 over 10.67 m (Table 1). Spectrometric data from the 2021 Prospectair survey completed by Plato and geochemical analysis of the 2018 drill core, indicates highly anomalous potassium (Map 1), low to non-existent thorium and uranium mineralization and a high Gamma-Ray signature (Map 2) specific to the area of the Good Hope niobium-rich zone The Residual Total Magnetic Intensity map (Map 3) in the area of the Good Hope niobium-rich zone, indicates a coincident prominent low intensity signature Favorable infrastructure: Road accessible property 30 km north of the Trans-Canada Hwy 17 and the recently constructed Nexbridge east-west 230-KV transmission line Dr. Roger Mitchell, Professor Emeritus at Lakehead University and advisor to Plato Gold Inc., states that “compared with other carbonatites currently being evaluated for their nio...