Plato Gold (TSXV:PGC, FRA:4Y7) has a knack for identifying strategic metals in recognised mining jurisdictions. The first of its three major projects is the 4,208 hectare Good Hope niobium property near Marathon in Ontario, targeting an unusual metal that is crucial for such industries as steel manufacturing, aerospace and superconducting magnets. The Good Hope deposit was discovered in 2010, and since optioning the project in 2017, Plato has been proactive in exploration with grab and channel sampling, trenching, ground radiometrics, airborne geophysics, a mineralogical and metallurgical study, and some diamond drilling all undertaken to date. These results have confirmed the initial prospector’s reports of significant niobium mineralisation.

Another critical group of metals are the Platinum Group Elements (PGEs), and Plato has an interest in those as well. In 2020 the company optioned a 100% stake in the Pic River project, which represents 2,126 hectares strategically located in the vicinity of the 7.1 million ounce Marathon deposit, described as one of North America’s largest undeveloped PGE resources. In September 2021, Plato commissioned an airborne magnetic and TDEM survey of the project to identify PGE-Ni-Cu targets that are thought to strike onto the property from the adjacent Sally Zone deposit held by Generation Mining.

Of equal importance to its Canadian projects is Plato’s Argentinian gold property, Lolita, in which the company increased its stake to 95% in September 2021. Located in the newly-flourishing precious metals province of Santa Cruz, Plato has been busy over three phases of mapping, sampling and geophysical surveys, and has now identified four targets at Lolita. Geochemical work has revealed highly anomalous values of precious metal tracer elements including antimony, arsenic and mercury, and the company suspects that it has uncovered the previously unsampled upper part of a hydrothermal system of the type known to host precious metals at depth.

The diversity of Plato’s projects means that it is well placed to capitalise on currents in the ever-changing metals world, and it should be safely guided by the diverse business experience represented in its management team and Board.