Plato Gold Corp. is a junior Canadian exploration company that is focused on exploring precious and strategic metals properties in recognized mining districts around the world. The company is listed on the TSX Venture Exchange under the symbol "PGC". Plato currently holds a portfolio of properties in significant mining camps near Marathon, Ontario (4,208 ha), Timmins, Ontario (2,032 ha) and Santa Cruz, Argentina (9,672 ha). Plato provides an attractive platform of prospective properties with qualified people in established and active mining area.
In Northern Ontario
At its founding, Plato holds a 100% interest in the Silver Fox Project - Guibord, Harker, Holloway and Marriott properties located within 50 kilometres of each other along the DPFZ in northeastern Ontario, in close proximity to past and currently producing gold mines.
In 2004, Watts, Griffis and McOuat Limited was retained by Plato to conduct an independent technical review of the Properties and their potential. Diamond drilling by past operators has intersected gold values on all four of Plato's properties; therefore, Plato believes all of the Properties have significant potential to host gold mineralization along previously unrecognized fault branches or at depths where known significantly mineralized zones cross on to Plato ground.
Plato’s 2005 diamond drill program on the property consisted of 15 drillholes aggregating 3,192m of drilling. The drill program was completed in 2006 and results were disclosed.
In Santa Cruz, Argentina
In September 2007, Plato Gold Corp entered into a joint venture agreement with Dr. Paul Lhotka to acquire, through staking, 29,904 hectares known as the Lolita Property in the province of Santa Cruz in south-central Argentina.
In the past few years, the Province of Santa Cruz in Argentina has emerged as one of the most successful jurisdictions for mineral exploration in South America. It has attracted interest from junior and senior exploration companies worldwide resulting in the construction of four new precious metal mines.
In November 2007, Plato announced that the initial work program on the Lolita Property in the province of Santa Cruz, Argentina has discovered three previously unexplored hydrothermal structures.
The company reports that in the south central part of the property, three unreported hydrothermal structures with little or no previous sampling activity have been identified. In some cases these structures, identified as Espalda, Panza and Colita zones, form corridors of multiple individual structures over significant widths.
In June 2009, the Company announced the second stage prospecting program on the Lolita Property in the province of Santa Cruz, Argentina has discovered new previously unexplored hydrothermal structures and extended others discovered previously by Plato in November 2007.
In light of the favourable results Dr. Lhotka recommends that Plato continue exploration in the Patagonian spring with special emphasis on the area between the Corazon and Panza corridors.
Dr. Paul Lhotka was instrumental in the discovery of the 300 million ounce silver-lead deposit at Navidad, Argentina.
For further information please contact Mr. Anthony Cohen.