Source: Plato Gold Corp.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Plato Gold Corp. (PGC) has identified gold drill hole targets on its Marriott Property following interpretation of a 2022 magnetic airborne geophysics survey
  • The total magnetic intensity map shows three magnetic high anomalies
  • The drill hole targets correspond to magnetic highs anomalies and the intersection of regional east-west faults and northeast southwest and northwest southeast cross faults
  • Plato Gold Corp. (PGC) is up 16.67 per cent, trading at $0.035 at 12:30 pm ET

Plato Gold Corp. (PGC) has identified gold drill hole targets on its Marriott Property following interpretation of a 2022 magnetic airborne geophysics survey.

The total magnetic intensity map shows three magnetic high anomalies.

Source: Plato Gold Corp.

One magnetic anomaly runs continuous east-west, which corresponds to the iron-rich tholeiitic basalts according to the local geology map. There is a second east-west magnetic anomaly along Highway 101 which also corresponds to iron-rich tholeiitic basalt. There is also a third east-west magnetic anomaly in the southwest corner of the property.

The drill hole targets correspond to magnetic highs anomalies and the intersection of regional east-west faults and northeast southwest and northwest southeast cross faults. The drill targets are within the Destor-Porcupine Deformation Zone of the Abitibi Greenstone Belt which is known to regionally host gold mines.

Pioneer Exploration Consultants Ltd. conducted an airborne magnetic survey using an unmanned aerial vehicle on the entire Marriott Property between Feb. 13 and Mar. 4, 2022.

Plato Gold is a Canadian exploration company with projects in Timmins, Ontario, Marathon, Ontario and Santa Cruz, Argentina.

Plato Gold Corp. (PGC) is up 16.67 per cent, trading at $0.035 at 12:30 pm ET.


More From The Market Herald

" Teck Resources (TSX:TECK.A) and Earth Rangers partner to support wildlife conservation

Teck Resources Limited (TECK.A) and Earth Rangers expand their partnership to support wildlife conservation programs and engage young Canadians in biodiversity programming.

" Exploits Discovery Corp. (CSE:NFLD) upsizes private placement

Exploits Discovery Corp. (NFLD) has increased its previously-announced non-brokered private placement to $4,410,000.

" Copper Lake (TSXV:CPL) signs drill contract with Forages Lamontagne Fortier

Copper Lake Resources (CPL) has signed a drilling contract with Forages Lamontagne Fortier, based out of Évain, Quebec.

" Power Metals (TSXV:PWM) appoints Winsome’s Managing Director to the Board

Power Metals (PWM) has appointed Winsome Resources Managing Director Chris Evans to the Board of Directors.