Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
In the same category
Plato Gold Receives Payment from St Andrew on Option Agreement
Published : November 29, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Argentina | Gold | Gold Mines |

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2012) - Plato Gold Corp. (TSX VENTURE:PGC) (" Plato" or the "Company"), an exploration company with a portfolio of properties in significant gold mining camps in Northern Ontario, Northern Québec, and Santa Cruz, Argentina is pleased to report that in accordance with the Option Agreement of November 8, 2010, that St Andrew Goldfields Ltd. (TSX:SAS) ("St Andrew"), has made a payment on the second a nniversary of the agreement in the amount $40,000 with respect to the Holloway claims and completed the required exploration expenditures of $200,000.

St. Andrew is maintaining the Option Agreement on the Holloway and Marriott properties. Cash payment and exploration expenditures for the Marriott claims are due on the third anniversary.

In addition, as announced on July 26, 2012, St Andrew holds 10% interest in the 16 claims known as the Guibord Property, with 40% owned by Victory Gold and Plato retaining control of the remaining 50%.

"By securing option agreements with various mining companies Plato Gold creates a stream of income, explores its properties, and creates value for shareholders" said Anthony Cohen, Plato President.

Plato will endeavour to report the exploration results on the optioned claims when completed by St Andrew.

For full details, please visit us at www.platogold.com.

About Plato Gold Corp.

Plato is a Canadian gold exploration company listed on the TSX Venture Exchange with exploration projects in Northern Ontario, Northern Québec and the Lolita Property in the province of Santa Cruz, Argentina.

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 three properties Guibord, Holloway and Marriott remain in good standing. In July 2012, Plato sold 50% interest in the Guibord property to Victory Gold Mines Inc.

The Northern Québec project includes 7 properties: Nordeau Bateman, Vauquelin, Vauquelin Pershing, Vauquelin Horseshoe, Pershing Denain, Hop O'My Thumb and Vauquelin II. All 7 properties are located near Val d'Or, Québec. In November 2010, Plato signed an agreement granting Threegold Resources Inc. the option to earn a 75% interest in two of the above properties.

Plato is in the advanced exploration stage on the Nordeau West site with a NI 43-101 compliant gold resource reported on March 12, 2009. Highlights of the Nordeau West mineral resource update include:

  1. indicated resources of 30,212 oz Au on average grade of 4.17 g/t and 225,342 tonnes; and
  2. inferred resources of 146,315 oz Au on average grade of 4.09 g/t and 1,112,321 tonnes.

In Argentina, Plato holds 75% of interest in the Lolita Property comprised of a number of contiguous mineral rights totaling 27,857 hectares. Work is advancing on this property with a drill program anticipated for 2013 subject to available financing.

Forward Looking Statements

This news release contains "forward-looking stateme nts", within the meaning of applicable securities l aws. These statements include, but are not limited to, statements regarding the, potential mineralization and resources, exploration results, and future plans and objectives. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "for   ecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, use of proceeds, level of activity, performance or achievements of Plato to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: risks related to exploration; actual resource viability, and other risks of the mining industry. Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are incorporated by reference herein, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

Plato Gold Corp.
Anthony Cohen
President and CEO
416-968-0608
416-968-3339 (FAX)
info@platogold.com
www.platogold.com
Data and Statistics for these countries : Argentina | All
Gold and Silver Prices for these countries : Argentina | All

Plato Gold Corp.

EXPLORATION STAGE
CODE : PGC.V
ISIN : CA72766E1025
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Plato Gold is an exploration gold company based in Canada.

Plato Gold holds various exploration projects in Argentina and in Canada.

Its main exploration properties are LOLITA in Argentina and GUIBORD SITE, HARKER SITE and HOLLOWAY SITE in Canada.

Plato Gold is listed in Canada. Its market capitalisation is CA$ 2.2 millions as of today (US$ 1.7 millions, € 1.5 millions).

Its stock quote reached its highest recent level on March 18, 2016 at CA$ 0.02, and its lowest recent point on April 15, 2016 at CA$ 0.01.

Plato Gold has 143 590 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Plato Gold Corp.
5/19/2010To restart drill bit in Quebec this week
5/4/2010Gears up for 750 meter drill program at Nordeau East Propert...
4/21/2010Plato Gold continues investment in Ontario and Santa Cruz du...
Financings of Plato Gold Corp.
4/18/2011Announces Extension of Private Placement
Nominations of Plato Gold Corp.
5/17/2011Adds Peter Hubacheck to Board of Directors
Financials of Plato Gold Corp.
5/26/2015Reports on First Quarter Results
2/18/2015Reports on 2014 Year End Results
5/23/2013Reports on First Quarter Results
4/23/2013Reports on 2012 Year End Results
10/31/2012Reports on Third Quarter Results
3/30/2011Reports on 2010 Year End Results and Grant of Options
Corporate news of Plato Gold Corp.
11/20/2015Plato Gold Reports on Third Quarter Results
11/20/2015Plato Gold Reports on Third Quarter 2015 Results
11/9/2015Plato Gold Receives Payment From St Andrew for One Year Exte...
11/9/2015Plato Gold Reports SAS extends option on Holloway and Marrio...
8/26/2015Plato Gold Reports on Second Quarter 2015 Results
8/26/2015Plato Gold Reports on Second Quarter Results
5/29/2015Plato Gold Reports Start of Drilling Program by St Andrew Go...
5/26/2015Plato Gold Reports on First Quarter Results
5/25/2015Plato Gold Reports on First Quarter 2015 Results
2/22/2015Plato Gold Reports on 2014 Year End Results
2/18/2015Plato Gold Reports on 2014 Year End Results
11/27/2014Plato Gold Reports on Third Quarter Results
11/26/2014Plato Gold Reports on Third Quarter 2014 Results
8/27/2014Plato Gold Reports on Second Quarter Results
5/21/2014Plato Gold Reports on First Quarter Results
4/24/2014Plato Gold Reports On 2013 Year End Results
6/21/2013Reports on Sale of Quebec Claims to Monarques
2/14/2013s on Option Agreements for Quebec Properties
2/1/2013Sells 80% Interest in Harker Properties and Enters Joint Ven...
12/13/2012Welcomes the Amalgamation Between Victory Gold and Northern ...
12/3/2012Threegold Resources Terminate Its Option on Hop O'My Thumb a...
11/29/2012Receives Payment from St Andrew on Option Agreement
10/10/2012Reports Victory Gold Announces Drill Campaign Results
5/18/2011Announces Preliminary Assay Results from Drilling Program: N...
5/3/2011Oversubscribed With Final Closing of $231,000 for an Aggrega...
4/21/2011Closes 2nd Tranche for $249,000 and Announces Aggregate Incr...
4/12/2011Increases Diamond-Drilling to 10,000 Metres on Nordeau East ...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (PGC.V)
0.015+50.00%
TSX-V
CA$ 0.015
04/29 09:29 0.010
50%
Prev close Open
0.010 0.015
Low High
0.015 0.015
Year l/h YTD var.
0.005 -  0.020 200.00%
52 week l/h 52 week var.
0.005 -  0.020 50.00%
Volume 1 month var.
50,000 50.00%
24hGold TrendPower© : -35
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
201650.00%0.020.01
20150.00%0.020.01
20140.00%0.010.01
20130.00%0.020.01
2012-50.00%0.030.01
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Harvest Natural(Ngas-Oil)HNR
Receives Continued Notice Listing From NYSE
US$ 0.57+0.00%Trend Power :
Matsa(Au-Ngas-Oil)MAT.AX
Matsa Resources Quarterly Report March 2016
AU$ 0.16+0.00%Trend Power :
New Gold(Cu-Le-Zn)NGD
New Gold Announces Results of Vote for Election of Board of Directors
US$ 4.70+4.91%Trend Power :
Titanium Corp(Oil-Ti)TIC.V
Reports Fiscal Year 2016 Second Quarter Results
CA$ 0.34-1.45%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
1st Quarter Report
AU$ 0.14+0.00%Trend Power :
Teck(Ag-Au-Co)TCK
Reports Voting Results From Annual General Meeting
US$ 12.25+9.77%Trend Power :
Norwest EnergyNWE.AX
Quarterly Activities Cashflow Reports
AU$ 0.00-33.33%Trend Power :
Troy Res.(Ag-Au-Cu)TRY.AX
Quarterly Activities Report - March 2016
AU$ 0.64+8.55%Trend Power :
Southern Copper(Cu-Zn-Mo)PCU
Reports 1Q16 results
US$ 29.67-0.60%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
FIRST QUARTER RESULTS
CA$ 4.93+4.01%Trend Power :
Royal Gold(Ag-Au-Cu)RGLD
Royal Gold Announces 21% Increase in Attributable Reserves
US$ 62.62+3.99%Trend Power :
Detour Gold(Au)DGC.TO
Detour Gold Reports First Quarter 2016 Results
CA$ 26.91+7.81%Trend Power :
Royal Gold(Ag-Au-Cu)RGLD
Royal Gold Reports a 26% Revenue Increase in Its Third Fiscal Quarter
US$ 62.62+3.99%Trend Power :
Detour Gold(Au)DGC.TO
Detour Gold Re-purchases $75 million of Convertible Notes
CA$ 26.91+7.81%Trend Power :
Treasury MetalsTML.TO
Announces Private Placement Financing
CA$ 0.50+1.01%Trend Power :
New Gold(Cu-Le-Zn)NGD
New Gold delivers 2016 first quarter production at significantly lower costs
US$ 4.70+4.91%Trend Power :
Barrick Gold(Cu-Le-Ni)ABX.TO
Remarks by Executive Chairman John L. Thornton at Annual Meeting
CA$ 24.29+10.26%Trend Power :
NyrstarNYR.BE
Results of the Annual and Extraordinary General Shareholders' Meetings held on 27 April 2016
€UR 0.49+0.00%Trend Power :
Pan American Silver(Ag-Au-Cu)PAAS
Kootenay Investor Pan American Silver to Buy 6.79M Shares
US$ 15.67+4.75%Trend Power :
NyrstarNYR.BE
First Quarter 2016 Interim Management Statement
€UR 0.49+0.00%Trend Power :