Plato Gold Corp. is a junior Canadian exploration company that is focused on prospective properties in recognized gold 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 gold mining camps in Northern Ontario (2,473 ha), Northern Quebec (5,430 ha), and Santa Cruz, Argentina (29,904 ha). Plato provides an attractive platform of prospective properties with qualified people in an 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 December 2007, Plato added to its holdings in Northern Ontario with the purchase of a 100 percent interest in 24 claims in the Harker-Garrison Townships, located near Plato’s current claims in the Timmins – Kirkland Lake area in the western portion of the prolific Abitibi Greenstone Belt in northeastern Ontario.
All the new claims totaling 384 hectares are within the townships of Harker and Garrison. By the end of 2007 Plato held 154 claims with an area of 2,473.13 hectares in the Timmins - Kirkland Lake area.
In Northern Quebec
In 2006, Plato Gold Corp. signed an options agreement to acquire a 100 percent interest in the Nordeau East and Nordeau West gold deposits and adjoining claims in Vauquelin Township, Quebec. The Nordeau Gold deposits are located on two claim blocks. The eastern block consists of 16 claims totalling 243.6 hectares and the western block consists of 5 claims totalling 54.4 hectares.
In September 2006, a NI 43-101report was prepared by MRB & Associates to provide Plato with an updated independent technical review of the Nordeau Bateman properties. An updated report was filed in 2007 which incorporates results of the completed 7,356 metres diamond drilling program.
In the summer of 2007, Plato acquired 147 new claims strategically located adjacent to a number of historic gold deposits and past producing mines in the Val d’Or gold camp in Northern Quebec. All the new claims are within or border on the township of Vauquelin. The claims are referenced in hectares (“ha”) and include the following properties:
Vauquelin - 17 claims (272 ha), 100% owned
Vauquelin Pershing - 37 claims (592.0 ha), 100% owned
Vauquelin Horseshoe - 54 claims (860.5 ha), 100% owned
Pershing Denain - 39 claims (624.0 ha), 100% owned
The 147 claims represent 2,348.5 ha of new exploration properties in the Plato property portfolio. Plato holds at the end of 2007, 191 claims (3,009.4 ha) in the Val d’Or gold camp in the south-eastern end of the Achean Abitibi Greenstone Belt in the Val d’Or, Quebec region.
In January 2008, Plato continued to add to their holdings in Northern Quebec with the acquisition, through staking, of 58 new claims strategically located adjacent to a number of historic gold deposits and past producing mines in the Val d’Or gold camp in Northern Quebec. The 58 new claims (1,841.69 ha) known as the Hop O’My Thumb site are within the township of Vauquelin and are 100% owned by Plato.
In February 2008, Plato entered into an option agreement to acquire a 100 percent interest in the Once Upon a Time property in Cadillac & Bousquet Townships, Quebec. The Once Upon a Time property contains 19 claims covering 610.31 ha in the Cadillac Mining Camp.
In March 2009, Plato announce a NI 43-101 compliant mineral resource estimate for its Nordeau West property, located near Val d’Or, Quebec. Highlights of the Nordeau West mineral resource update include:
• indicated resources of 30,212 oz Au on average grade of 4.17 g/t; and
• inferred resources of 146,315 oz Au resource on average grade of 4.09 g/t.
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.