Plato Gold Corp. announce that it has commenced a drill program on Marriott Gold Property, Matheson, Ontario. The drill program will consist of 450 m and 2 drill holes on exploration targets based on prospective geology and geophysics.

The drill program is a follow up on Plato?s airborne magnetic survey using Unmanned Aerial Vehicle (UAV) in the spring of 2022. The drill holes are located 11 km east of Agnico Eagle?s Holt gold mining complex. The location of the drill hole collars was selected based on geophysics anomalies.

The drill hole collars correspond to magnetic high, electromagnetic (EM) high and gravity high. The total magnetic intensity high corresponds to iron-rich tholeiitic basalts lithology unit. The EM and magnetic anomalies can also correspond to sulphide and gold mineralization.

The proposed drill holes have the same regional gravity high signature as the historic Harker gold mine and Iris gold mine. The Marriott Property is located within the Abitibi Greenstone Belt, which is an established gold mining camp. The geology of the drill hole locations is within a south deformation zone parallel to the Porcupine-Destor Deformation Zone along the north edge of the Property.

The 2022 UAV drone magnetic survey first vertical derivative identified NE-SW trending crosscut faults near the proposed holes. These faults are possible transportation pathways for gold-bearing fluids. Within the Abitibi Greenstone Belt, gold mineralization tends to be associated with the Porcupine-Destor Fault, splay faults and crosscut faults.

The regional geophysics second derivative magnetic high indicates that the proposed holes are on a southwest trending stratigraphic unit that continues to Harker gold mine (Au, Ag), Iris mine (Au, W) and Howey-Cochenour-Williams occurrence (Au, Cu, Pb, Zn). Harker gold mine is located 14.7 km southwest of the proposed drill holes. In 1986-1988, New Strategic Metals in joint venture with Silverhawk Resources Ltd, completed underground exploration in No.

1 shaft area by a ramp driven down to 500 ft level at Harker Gold Mine. Underground exploration resulted in 6,000 tons at 0.115 oz Au/ton and 10,500 tons at 0.051 oz Au/ton being stockpiled and later processed at Holt-McDermont Mine Mill (Ontario Mineral Inventory, MDI 32D05NW00159).