Business
Yorkton Signs Service Agreement with GoldSpot Discoveries Corp.
(TheNewswire) Vancouver, British Columbia – TheNewswire - Octo ...
About this update from Black Spruce Exploration Inc.
[{"type":"text","content":"Yorkton Signs Service Agreement with GoldSpot Discoveries Corp.\n \n \n (TheNewswire)\n \n \n \n Vancouver, British\nColumbia\n \n \n –\n \n \n TheNewswire -\n \n \n Octo\n \n \n ber 1\n \n \n 4\n \n \n ,\n \n \n 2021 –\n \n \n Yorkton Ventures Inc.\n \n \n (TSXV:YVI)\n \n \n (the\n\"\n \n \n Company\n \n \n \") is pleased to announce that it has engaged GoldSpot\nDiscoveries Corp. (TSXV:SPOT, OTCQX:SPOFF) (“GoldSpot”) to\n \n \n utilize its proprietary Artificial Intelligence\ntechnology\n \n \n to advance\n \n \n the\nexploration of Yorkton’s projects in Central Newfoundland.\n GoldSpot is a leading technology services company leveraging machine\nlearning to transform the mineral discovery process.\n \n \n GoldSpot\n \n \n develops artificial\nintelligence in mineral exploration to reduce capital risk.\n \n \n \n \n Andrew Lee Smith, Chief Executive Officer of Yorkton,\ncommented: “We are pleased to engage the services of GoldSpot to\nassist in the exploration of our portfolio of gold exploration\nproperties in Central Newfoundland.  GoldSpot’s proven success and\nproprietary, machine learning exploration techniques will greatly\nenhance our exploration efforts and further develop our geological\nmodel. ”\n \n \n \n \n “We are thrilled to leverage our strong foothold in\nNewfoundland and add\n \n \n Yorkton\n \n \n to our growing client roster” said GoldSpot Discoveries\nExecutive Chairman and President Denis Laviolette.  “Our work so\nfar in the province has yielded incredible success and we are\nconfident that our leading team of geoscientists and data scientists\nwill maximize the chances of discovery at\n \n \n Yorkton\n \n \n ’s Newfoundland properties\nusing our proprietary machine learning technology.”\n \n \n \n \n GoldSpot has also been granted an option to acquire a\n0.5% NSR on the following licenses in Newfoundland for $\n \n \n 2.0\n \n \n million:\n \n \n \n \n \n \n - The Parkview Project (1,850 ha.)\n \n \n \n \n - The Knights-Melange Project (950 ha.)\n \n \n \n \n \n \n The payment due on execution of the NSR options granted\nto GoldSpot will be paid to the original\n \n \n vendor\n \n \n s of the properties that have been\npurchased by Yorkton and subject to the terms of the individual\npurchase agreemen...