Plato Gold's Lolita drill core returns 15 ppb Au

Executive Summary

• Plato Gold completed a 12‑hole drill program (1,585 m) at the Lolita project in May–June 2026, staying within budget.
• Core intersected silica veinlets and hydrothermal breccias with elevated pathfinder elements (arsenic up to ~1,060 ppm, antimony up to 230 ppm, mercury up to 15 ppm, sulphur up to 1.7 %). Precious metal grades were non‑economic (max Au ≈ 15 ppb, Ag ≈ 5.8 ppm).
• Intersections suggest stratabound mineralization rather than structurally controlled zones, with significant thicknesses (e.g., 25–37 m intervals at Panza) and potential chargeability anomalies, but the economic significance remains unclear.

Key Details

• Drill Program Scope: 12 holes (74‑242 m each); locations – 2 holes Espalda, 2 holes Corazón, 8 holes Panza; total depth 1,585 m.
• QC Results: 299 samples analyzed (including blanks, duplicates, certified reference materials); all passed internal QC review by qualified person Dr. Paul G. Lhotka.
• Geology & Mineralization:
• Veinlets and breccias hosted in felsic volcanic rock/ignimbrite; contain pyrite or weathered iron oxides.
• Path‑finder element anomalies: As up to 1,059 ppm, Sb up to 230 ppm, Hg up to 15 ppm, S up to 1.7 % (weight).
• Precious metal grades: Au max 15 ppb, Ag max 5.8 ppm – considered non‑economic.
• Notable Intercepts:
• Panza Hole LO‑25‑003 & LO‑25‑009: 25 m @ 395 ppm As and 37 m @ 308 ppm As respectively; spaced 370 m apart, correlating with IP chargeability highs.
• Corazón holes (both >35 m) intersected continuous veinlet/breccia zones with elevated arsenic.
• Structural Observations: A steeply dipping fault in hole LO‑25‑003 showed no alteration/mineralization; other Panza holes intersected ignimbrite with alteration and pathfinder anomalies, suggesting stratabound control.
• Interpretation: Mineralized intervals appear to be stratigraphically controlled, yielding large volumes of altered rock but lacking economic Au/Ag grades. Significance within the Deseado Massif is atypical and currently uncertain.
• Next Steps: Plato Gold will conduct a detailed study of the drill results and evaluate future options for the Lolita property.

Notable Quotes

(No direct CEO/President quotes were provided in the release.)