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EnGold Retains Leading Geoscience Firm EarthLabs for Lac La Hache Data Analysis and Drill Target Generation
Vancouver, British Columbia--(Newsfile Corp. - September 14, 2022) - David H. Brett, President...
About this update from Engold Mines Ltd.
[{"type":"text","content":"EnGold Retains Leading Geoscience Firm EarthLabs for Lac La Hache Data Analysis and Drill Target GenerationVancouver, British Columbia--(Newsfile Corp. - September 14, 2022) - David H. Brett, President & CEO, EnGold Mines Ltd., (TSXV: EGM) (\"EnGold\" or the \"Company\") reports that the Company has entered into a consulting services agreement with GoldSpot Discoveries, a division of EarthLabs Inc. (TSXV: SPOT) (formerly GoldSpot Discoveries Corp.), whereby GoldSpot will apply its world-leading machine learning, artificial intelligence and geoscience expertise to EnGold's very extensive Lac La Hache exploration database compiled over 30 years. The Lac La Hache Project, located in BC's Cariboo region and 100% owned by EnGold, is a copper, gold property hosting three separate mineral deposits within a large Alkalic Porphyry system with significant potential for discovery of new porphyries at depth as well as additional skarn and hydrothermal breccia deposits closer to surface.\"The big-data revolution has come to mining and Canada's GoldSpot is leading the way,\" said EnGold President & CEO David H. Brett. \"Machine learning thrives on large amounts of data, and Lac La Hache has a remarkable repository of exploration information to guide our collaborative work with GoldSpot.\"\"Two of EnGold's three Lac La Hache deposits were discovered blind,\" said EnGold VP of Exploration Rob Shives, P.Geo. \"We relied on a complex overlay of geophysical, geochemical, geological, drilling data to successfully predict the location of mineral deposits that do not outcrop on surface. Our work with GoldSpot, I believe, will enable a great leap forward in our targeting intelligence and thereby significantly enhance our discovery potential.\" \"We are happy to start working with EnGold on its Lac La Hache property. The datasets collected by EnGold is perfectly suited for GoldSpot's AI workflow.\" Commented Vincent Dubé-Bourgeois, CEO and Director of EarthLabs Inc. \"EnGold has shown the potential of the Lac La Hache deposits and we are confident that GoldSpot's proprietary workflow will help better understand the mineralization and help EnGold in the exploration efforts.\"GoldSpot works with leading exploration and mining clients across all commodities and deposit types, using cutting-edge technology and geoscientific expertise to mitiga...