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Canterra Minerals and GoldSpot Discoveries Identify Numerous Drill Targets on the Wilding Gold Project in Central Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - July 14, 2021) - Canterra Minerals Corporation...
About this update from Canterra Minerals Corporation
[{"type":"text","content":"Canterra Minerals and GoldSpot Discoveries Identify Numerous Drill Targets on the Wilding Gold Project in Central NewfoundlandVancouver, British Columbia--(Newsfile Corp. - July 14, 2021) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (\"Canterra\" or the \"Company\") and GoldSpot Discoveries Corp (TSXV: SPOT) (OTCQX: SPOFF) (\"GoldSpot\"), a leading technology services company leveraging machine learning to transform the mineral discovery process, are pleased to report on the results of a property-wide comprehensive data review, compilation and drill target selection on the Wilding Gold Project (\"Wilding\") in Newfoundland using traditional geological and machine learning methods. The results of this exercise identified 54 prospective areas, ranked in order of priority with 10 areas identified as high priority drill targets. Chris Pennimpede, CEO & President of Canterra, commented, \"The Wilding Gold Project continues to evolve with exceptional targets that have yet to be tested. Making discoveries under till cover is challenging, and the team at Goldspot have delivered high-confidence drill targets from the robust surface and geophysical data sets that exist at Wilding. These targets are now being ground truthed by our field crews in preparation for drilling in the late summer - early fall. With GoldSpot's proven track record of new discoveries, we are very excited to start drill and testing these new targets.\" Denis Laviolette, Executive Chairman of GoldSpot, commented, \"Our team of leading geoscientists and data scientists continue to deliver unrivalled results for our clients through our artificial intelligence backed services and technology portfolio. These 10 high priority drill targets are the result of an extensive investigation and analysis of the Wilding Gold Project ranging from mapping and trenching, structural studies, geochemistry, geophysical magnetic surveys and regional digital elevation maps. We look forward to working with the Canterra exploration team to validate these targets and further advance the project.\"GoldSpot Target GenerationGoldSpot is a mining-focused technology company working with the leading exploration and mining names in the industry to apply cutting-edge Artificial Intelligence (\"AI\") algorithms to significantly increase the efficiency and success rate of mineral explo...