DGAP-News

Plato Gold Corp. provides update on the Lolita Project, in Santa Cruz, Argentina and increases its interest to 95% - Seite 3

Over the past two and a half decades Santa Cruz has developed an active mining industry with several precious metal mines in production including the gold-silver Cerro Vanguardia Mine of AngloGold Ashanti/Fomicruz, the gold-silver San Jose Mine of Hochschild Mining PLC/McEwen Mining, the silver-gold Martha Mine of Patagonia Gold, and the gold and silver Manatial Espejo Mine of Pan American Silver. A more recent wave discoveries has led to the openings of new gold and silver mines by Yamana Gold (Cerro Moro) and Newmont (Cerro Negro) in the last few years.

As of August 30, 2020, in accordance with the joint venture agreement, Plato increased its joint venture interest to 95% with Dr. Paul Lhotka continuing to hold the remaining 5%. Dr. Lhotka remains optimistic about the exploration potential of the project, looks forward to seeing it drilled for the first time, and is available to offer technical advice on the Lolita Project.

Paul G. Lhotka, Ph.D., P. Geo. is responsible for the technical contents of this news release. All analyses were done by Alex Stewart (Assayers) Argentina S.A. a certified laboratory. Dr. Lhotka is President of Minera Latina S.A. and a geologist based in Mendoza, Argentina.

"Plato Gold thinks we have one of the best prospective precious metals exploration properties in Santa Cruz and look forward to either drilling the targets ourselves or bringing in an optionee to help develop the project and earn an interest in the property," said Anthony J. Cohen, President & CEO of Plato. "The discovery of many precious metals deposits surrounding us bodes well for further discoveries for Lolita and Plato Gold," added Cohen.

This press release and additional photos are available on www.platogold.com.
A PDF version of this press release is available at: https://www.platogold.com/wp-content/uploads/2020/09/PGC-Press-Release ...

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange with projects in Timmins Ontario, Marathon Ontario, and Santa Cruz, Argentina.

The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold.