Dec 1 2022Reviewed by Alex Smith
Plato Gold Corp. is delighted to declare findings from its newly finished preliminary prospecting and sampling program over chosen regions of the Pic River PGE-Cu Project, situated 30 km northwest of Marathon, Ontario.
Adjoining the western boundary of Generation Mining Limited’s Marathon Palladium Copper Project, the property is situated on strike with Generation Mining’s Sally Deposit. The work was performed in a period of five weeks between July 1st and August 7th, 2022.
Only a chosen number of sites were visited throughout the property owing to the topography’s rugged nature in this area and restricted ground access. During the upcoming phase 2 program of the company, extra several coincident magnetic-electromagnetic (EM) anomalies found from Plato’s October 2021 Prospectair Geosurveys airborne geophysical survey will be sampled and targeted.
In the Pic River claim group’s south-central portion, 50 closely spaced soil samples were gathered for Soil Gas Hydrocarbon (SGH) analysis from a heavy overburden region. Along with the lack of exposed bedrock, a sequence of high-priority EM and coincident magnetic anomalies were briefed by an airborne survey of Plato in this specific region.
Findings from the SGH analysis show an important copper-gold anomaly that will be assessed by future diamond drilling.
For standard geochemical analysis, 53 rock sample grabs were also gathered from regions throughout the property. Results were in the range of 5–411 ppm Cu and 3–331 ppb Au. To access sites, ground-based prospecting and limited helicopter support were employed.
To resolve the concern of access, in this initial groundwork, a large amount of time was utilized in clearing a trail of 10 km along a historic logging road to supply access to the central part of the property. This will help in further planned exploration work, along with mapping and prospecting, diamond drilling, and access to mechanized equipment (sampling and trenching).
The review and approval of technical and scientific disclosures in this news release were done by Gerald D. White, B.Sc., P.Geo., who is a “Qualified Person” (QP) under National Instrument 43-101.