A Media Snippet accompanying this announcement is available by clicking on the image or link below:
Pic River Property Location
A Media Snippet accompanying this announcement is available by clicking on the image or link below:
Geophysical Survey Plan (
The survey planned for Pic River Property will assist in outlining potential PGE-Cu-Ni targets within the favourable layered gabbro series that extends west onto Plato Gold’s
The layered gabbro unit also hosts other PGE-Cu-Ni mineralized zones including the Marathon Palladium-Copper Deposit along the eastern rim of the complex. Generation Mining is currently awaiting environmental approval for the development of an open pit mining operation. The current Measured and Indicated mineral resource estimate for the Marathon Deposit consists of 3.24 Moz Pd, 1.06 Moz Pt, 796 Mlb Cu, 9.34
Anomalies generated by Plato Gold’s upcoming airborne geophysical survey will be used to define targets for a planned diamond drilling program on the Pic River PGE-Cu-Ni Property.
It should be noted that mineralization hosted on Generation Mining’s adjacent Marathon Property is not necessarily indicative or representative of mineralization hosted on the Company’s property. Further exploration work by
The technical and scientific disclosures in this news release have been reviewed and approved by
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T: 416-968-0608
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Forward-Looking Statements
This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding the potential mineralization and resources, exploration results, concentrations of pay minerals that may offset operating costs and future plans and objectives. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include but are not limited to: changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even if tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained. 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 forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.
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