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    DGAP-News  157  0 Kommentare Plato Gold Corp. provides update on the Lolita Project, in Santa Cruz, Argentina and increases its interest to 95% - Seite 2



    At the Corazon area a 1.5 km diameter magnetic high is associated with the northwest-trending structures known to host hydrothermal structures and strongly anomalous arsenic values. Within this high are strong, linear, northwest-trending magnetic features. Many of the northwest trending magnetic linears lie in a valley with little rock exposure parallel to, and immediately northeast of, the known hydrothermal structures. These interpreted structures are potentially mineralized.

    A ground IP (induced polarization) survey has confirmed the geological/geochemical targets at the Corazon and Panza targets and indicated a new target at Panza. IP chargeability anomalies of strong intensity and large dimensions were detected at both targets.

    The Lolita Property is located in a geological metal-rich province hosted by Jurassic-aged rocks of the Deseado Massif. Fieldwork indicates that the four corridors named above are hosted by a felsite unit which is likely part of the Chon Aike or La Matilde Formations. To the south, significant base-metal and precious-metal vein systems occur on adjacent exploration properties held by other parties. These appear to represent deeper and probably hotter equivalents of related hydrothermal systems. Interpretation of results from Lolita to date suggests that the hydrothermal structures with chalcedonic silica, brecciation, iron oxides and pyrite with strongly anomalous pathfinder elements are prospective for precious metals at deeper levels.

    The Lolita Property directly adjoins the Austral Gold Limited owned Pinguino Project where important gold-silver and also base metal epithermal and transitional veins containing zinc, lead, copper, and high levels of indium has been discovered. Immediately to the west of Pinguino, Austral Gold has also acquired the Sierra Blanca Property where drilling has intersected epithermal veins with gold and silver values. Adjoining Lolita on the west is Patagonia Gold's El Gateado Property where drilling has intersected gold values in initial drilling on epithermal, precious-metal vein targets.
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    DGAP-News Plato Gold Corp. provides update on the Lolita Project, in Santa Cruz, Argentina and increases its interest to 95% - Seite 2 DGAP-News: Plato Gold Corp. / Key word(s): Joint Venture Plato Gold Corp. provides update on the Lolita Project, in Santa Cruz, Argentina and increases its interest to 95% 10.09.2020 / 10:25 The issuer is solely responsible for the content of …