Threegold Acquires the Right to Earn a 75% Interest in South Bay Project

Threegold Resources Inc. (TSXV:THG) enters into an option agreement with Plato Gold Corp. (TSXV:PGC) pursuant to which it has acquired the right to earn a 75% interest in the “Hop O’My Thumb Property and Vauquelin Property.

The press release is quoted as saying:

Threegold Resources is a dynamic and active Quebec?based junior explorer with a diversified property portfolio. Threegold is pursuing exploration on three main projects in Quebec: Lemieux Dome in the Gaspé Peninsula for copper, zinc, lead, silver and gold; Mercier in the Abitibi region where the company recently made a rare earth element discovery containing base and rare metals (see press release of February 2, 2010); and Adanac, a gold property located a few kilometres from downtown Rouyn?Noranda. The company is currently strengthening its gold portfolio with the acquisition of the South Bay, Barraute, Shining Tree projects.

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