Toronto, Ontario–(Newsfile Corp. – March 17, 2021) – GoldSpot Discoveries Corp. (TSXV: SPOT) (“GoldSpot” or the “Company”) is pleased to announce that it has identified several gold targets at Stelmine Canada Ltd.’s (TSXV: STH.V) (“Stelmine”) Courcy project in Quebec. GoldSpot was mandated by Stelmine to conduct a targeting study at its flagship project located in the eastern Opinaca basin, 100 km west of Fermont, Quebec-Labrador. GoldSpot identified 28 drill ready targets, each classified by priority, using its proprietary expertise following favourable geological modelling and gold prediction results. GoldSpot’s Smart targeting approach used Artificial Intelligence combined with traditional geological expertise to update the geological and metallogenic understanding of the project and eventually identify potential targets. Six (6) high-priority targets were identified for drilling exploration. Twenty-two (22) moderate priority targets were determined and require field investigation prior to drilling.
Analytical workflow consisted of the processing diverse geoscience datasets, including aeromagnetic-electromagnetic data, ground and drill hole geological data, rock, soil and till multielement assays. The data integration having homogeneous coverage into a Machine Learning datacube led to a robust supervised-AI model that generated targets with a high prediction score for gold (Figure 1). A final post-processing ranking of the targets based on the spatial geoscience knowledge was applied to reveal favourable underexplored areas.
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