Plato Gold Corp. has upped the resource count of its Nordeau West property, and completed an NI 43-101 compliant estimate. There are now indicated resources of 30,212 oz gold, with average grade of 4.17 g/t, and inferred resources of 146,315 oz with average grade of 4.09 g/t. The news release contains the assumptions used in the resource calculation, as well as context and more details. Plato now intends to focus upon Nordeau East, with a much larger historical, non-NI 43-101-compliant, resource estimate than Nordeau West's.
The results were released after market's close. Plato Gold didn't trade today; its last close was 2.5 cents, on March 4. The current bid - ask is 1.5 cents - 3 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Thursday, March 12, 2009
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