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Friday, 5th December 2008 (1328 views)

Plato Gold has announced that it has amended an agreement with Danielle Manseau to acquire a 100 per cent interest in the 'Once Upon a Time' property in the Cadillac and Bousquet gold camp in Quebec.

The company's amendment to an agreement with mining land manager Manseau on January 31st 2008 is subject to approval by the Toronto Venture Capital exchange.

Amendments to the deal allow for a one-year extension on the expenditures for exploration work, a one-year extension on the transfer of common shares and payments and a one-year extension to further payments upon receipt of the annual Quebec government rebate.

Anthony Cohen, Plato president and chief executive, said: "This amendment permits the company to maintain strategic prospective ground in close proximity to at least two major gold projects in one of the best known gold camps in Canada."

The 'Once Upon a Time' property contains 19 claims acquired by Manseau in 2006 and 2007 and covering 610.31 hectares in the Cadillac mining camp.

Plato Gold has a range of properties in significant gold mining camps in northern Ontario, northern Quebec and Santa Cruz, Argentina.

 

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