RE: NR
Table 1
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Hole_ID From (metres) To (meters) Length (metres) Au g/t
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G09-01 65 65.5 0.5 265
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G09-01 102.75 103.27 0.52 0.442
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G09-01 153.5 154 0.5 0.244
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G09-01 175 176 1 0.71
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G09-01 176 177 1 0.206
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G09-01 177 178 1 0.665
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G09-01 181.4 182.7 1.3 0.363
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G09-01 182.7 183.7 1 0.682
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G09-01 183.7 184.7 1 1.22
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G09-01 220.12 221.12 1 0.239
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G09-01 223 224.27 1.27 0.225
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G09-01 229.45 230.2 0.75 0.222
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G09-01 230.2 231.2 1 0.39
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G09-02 75 76 1 0.245
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G09-02 76 77 1 0.765
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G09-02 104.65 105.65 1 1.285
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G09-02 107.7 108 0.3 2.1
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G09-02 109.5 110.3 0.8 3.59
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G09-02 111.45 112.45 1 3.42
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G09-02 112.45 113.45 1 2.6
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G09-02 113.45 114.45 1 0.836
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G09-02 114.45 115.45 1 0.72
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G09-02 120.43 121.6 1.17 0.229
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G09-02 157.15 158.15 1 0.243
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G09-02 180.1 181.15 1.05 0.574
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G09-02 181.15 182.15 1 0.513
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G09-02 182.15 183.15 1 0.308
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G09-02 183.15 184.15 1 0.241
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G09-02 184.15 185 0.85 0.612
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G09-02 256 257 1 0.243
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G09-02 257.7 258.55 0.85 0.47
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G09-02 258.55 259.55 1 0.464
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G09-02 263.55 264.55 1 0.318
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G09-02 289.55 289.85 0.3 0.221
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G09-02 339.25 340.25 1 0.319
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G09-02 340.25 340.67 0.42 0.22
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G09-03 282.7 283.7 1 0.207
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G09-03 298.57 299.57 1 0.255
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G09-03 301.57 302.57 1 0.291
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G09-04 272.83 273.83 1 0.264
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G09-04 439.65 440.5 0.85 1.965
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G09-05 55.55 56.15 0.6 0.525
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G09-05 97.12 98.1 0.98 0.271
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G09-05 121.25 121.92 0.67 5.31
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G09-05 131.3 132.4 1.1 0.24
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G09-05 290.95 291.45 0.5 0.672
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G09-05 372.92 373.92 1 0.479
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G09-05 373.92 374.92 1 0.237
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G09-05 374.92 375.92 1 0.208
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Program Recommendations
Based on the results of this drill program and the historic workundertaken on the property the following work program totalling 4,800metres of drilling at a cost of $580,000 for the eastern portion of theproperty is recommended. These areas have not been previously testedand are described as follows:
1) A total of 4 holes at a dip of 45 degrees, each 350 metres longand drilled to the north eastern portion of the Plato claim group(mafic/argillite contact area. This series of holes will test the areafor possible extensions of the gold mineralization encountered byHollinger Consolidated Gold Mines Ltd. which reported 8.22 g/t Au over2.13 metres to the west and gold occurrences on properties immediatelyto the east. The most recent drilling by Plato had encounteredfavourable geology and alteration immediately to the historic HollingerConsolidated drilling.
2) A total of 4 holes at a dip of 45 degrees, each 350 metres longand drilled to the eastern portion of the Plato claim group. Thisseries of holes will test the possible extension of the DPFZ (DestorPorcupine Fault zone). This deformation zone has been interpreted to bea key element in the deposition for gold mineralization in the AbitibiGreenstone Belt.
3) A total of 4 holes at a dip of 45 degrees, each 350 metres longand drilled to the south eastern portion of the Plato claim group. Thisseries of holes will test the possible extension of the ultramaficlithology which hosts the gold mineralized quartz carbonate zoneencountered in previous drill programs.
QA/QC Procedures
Drill core assaying is done by ALS-Chemex of Sudbury, Ontario andVancouver, British Columbia. The Vancouver facility operates under ALSLaboratory Group's global Quality Management System and is incompliance with ISO 9001:2000 for the provision of assay andgeochemical services according to QMI-SAI Global Management SystemsRegistration. The laboratory has also been accredited to ISO 17025standards for specific laboratory procedures by the Standards Councilof Canada (SCC).
Plato's internal quality control program includes the introductionof certified reference material every 20th sample and the assay resultsof these are analysed for the amount of deviation from the standarddeviation of the reference material.
The ongoing drilling and exploration program is being carried outby Plato Gold, under the supervision of Peter Karelse, P. Geo. Mr.Karelse is a qualified person as defined by National Instrument 43-101with more than 25 years of experience in exploration and development ofgold projects including those in the Abitibi Greenstone Belt.
All the technical information contained in this press release hasbeen reviewed and approved by Mr. Peter Karelse P.Geo a QualifiedPerson under the National Instrument 43-101 guidelines. All theinformation contained herein is in compliance with the TSX Exchange'sPolicies and National Instrument 43-101.
About Plato Gold Corp.
Plato Gold Corp. is a Canadian junior gold exploration companylisted on the TSX Venture Exchange with exploration projects inNorthern Ontario, Northern Quebec and the Lolita Property in theprovince of Santa Cruz, Argentina.
The Northern Ontario project includes 5 properties: Guibord,Harker, Harker-Garrison, Holloway and Marriott in the Harker/Hollowaygold camp located east of Timmins, Ontario.
The Northern Quebec project includes 7 properties: Nordeau Bateman,Vauquelin, Vauquelin Pershing, Vauquelin Horseshoe, Pershing Denain,Hop O'My Thumb and Once Upon a Time. All 7 properties are located nearVal-d'Or, Quebec.
Plato is in the advanced exploration stage on the Nordeau West sitewith a NI 43-101 compliant gold resource reported on March 12, 2009.Highlights of the Nordeau West mineral resource update include:
(i) indicated resources of 30,212 oz Au on average grade of 4.17 g/t and 225,342 tonnes; and
(ii) inferred resources of 146,315 oz Au on average grade of 4.09 g/t and 1,112,321 tonnes.
In Argentina, the Lolita Property is comprised of 3 contiguousconcessions and initial work has been started on this property. Foradditional company information, please visit:
www.platogold.com.
Forward Looking Statements
This news release contains "forward-looking statements", within themeaning of applicable securities laws. These statements include, butare not limited to, statements regarding potential mineralization andresources, exploration results, and future plans and objectives.Generally, these forward-looking statements can be identified by theuse of forward-looking terminology such as "plans", "expects" or "doesnot expect", "is expected", "budget", "scheduled", "estimates","forecasts", "intends", "anticipates" or "does not anticipate", or"believes", or variations of such words and phrases or state thatcertain actions, events or results "may", "could", "would", "might" or"will be taken", "occur" or "be achieved". Forward-looking statementsare based on the opinions and estimates of management as of the datesuch statements are made, and they are subject to known and unknownrisks, uncertainties and other factors that may cause the actualresults, use of proceeds, level of activity, performance orachievements of Plato to be materially different from those expressedor implied by such forward-looking statements, including but notlimited to risks related to: exploration; actual resource viability,and other risks of the mineral exploration and mining industry .Although management of Plato has attempted to identify importantfactors that could cause actual results to differ materially from thosecontained in forward-looking statements, there may be other factorsthat cause results not to be as anticipated, estimated or intended.There can be no assurance that such statements will prove to beaccurate, as actual results and future events could differ materiallyfrom those anticipated in such statements. Accordingly, readers shouldnot place undue reliance on forward-looking statements. The Companydoes not undertake to update any forward-looking statements herein,whether as a result of new information, future events or otherwise,except in accordance with applicable securities laws.
NeitherTSX Venture Exchange nor its Regulation Services Provider (as that termis defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release