Plato Gold Reports on 2023 Year-End Results
April 25 2024 - 7:30AM
Plato Gold Corp. (TSX-V:
PGC) (OTCQB:
NIOVF) (Frankfurt:
4Y7 or WKN:
A0M2QX) (“
Plato” or the
“
Company”) an exploration company with a portfolio
of properties in Northern Ontario and Santa Cruz, Argentina is
pleased to report the twelve and three months financial results for
fiscal 2023 and 2022, as summarized below:
|
Year Ended |
|
Three Months Ended |
|
(Audited) |
|
(Unaudited) |
|
December 31, |
December 31, |
|
December 31, |
December 31, |
|
|
2023 |
|
|
2022 |
|
|
|
2023 |
|
|
2022 |
|
|
|
|
|
|
|
Income |
$ |
2,052 |
|
$ |
2,222 |
|
|
$ |
512 |
|
$ |
518 |
|
|
|
|
|
|
|
Net Income (Loss) and
Comprehensive Income (Loss) |
$ |
(347,405 |
) |
$ |
(239,259 |
) |
|
$ |
(183,650 |
) |
$ |
(30,647 |
) |
|
|
|
|
|
|
Loss per common
share - basic and diluted |
|
- |
|
|
- |
|
|
|
- |
|
|
- |
|
|
|
|
|
|
|
Weighted average
number of common shares outstanding - basic and
diluted |
|
228,357,498 |
|
|
223,805,169 |
|
|
|
228,365,717 |
|
|
228,065,717 |
|
For full details, please visit us at
www.platogold.com.
About Plato Gold Corp.
Plato Gold Corp. is a Canadian exploration
company traded on the TSX Venture Exchange, OTC Markets, and
Frankfurt 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.
In Argentina, Plato owns a 95% interest in
Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company
that holds a number of contiguous mineral rights totalling 9,672
hectares with potential for gold and silver.
The Good Hope Niobium Project consists of
approximately 5,146 hectares in Killala Lake Area and Cairngorm
Lake Area Townships, near Marathon Ontario, with the primary target
being niobium.
The Pic River Platinum Group Metals (PGM)
Project consists of 2,247 hectares in Foxtrap Lake and Grain
Township, near Marathon Ontario, of which 19 claims are contiguous
to the western boundary of Generation Mining’s Marathon PGM project
and is located on strike to Generation Mining’s Sally
deposit.
For additional company information, please visit
www.platogold.com.
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.
For further information, please contact:
Anthony CohenPresident and CEOPlato Gold
Corp.T: 416-968-0608F:
416-968-3339Info1@platogold.comwww.platogold.com
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 it 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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