Plato Gold Corp. ("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 St Andrews Goldfields Ltd. ("SAS") has started a drill program on Plato's Holloway property, optioned to SAS on November 8, 2010.
SAS is planning to drill a total of 5 holes totaling approximately 4,000m of drilling to test for mineralization associated with the Ghostmount Fault Zone. SAS has reported to Plato that the drill has been mobilized to Plato's Holloway property with drilling to commence shortly.
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.