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Ethos Engages GoldSpot Discoveries to Evaluate Toogood Project in Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2021) - Ethos Gold Corp. (TSXV: ECC...
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[{"type":"text","content":"Ethos Engages GoldSpot Discoveries to Evaluate Toogood Project in NewfoundlandVancouver, British Columbia--(Newsfile Corp. - June 23, 2021) - Ethos Gold Corp. (TSXV: ECC) (OTCQB: ETHOF) (FSE: 1ET) (\"Ethos\" or the \"Company\") is pleased to announce that it has engaged GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) (\"GoldSpot\") to apply its proprietary machine learning technology and geoscience expertise on the Company's 118 km2 Toogood Project located on New World Island, approximately 65 km north of Gander, Newfoundland.GoldSpot works with leading exploration and mining clients to apply cutting edge Artificial Intelligence algorithms to significantly increase the efficiency and success rate of mineral exploration across resources. GoldSpot's AI-based approach scales the data to match the size of the property and the data density effectively. This allows clients to narrow down potential targets, which reduces financial risk by prioritizing the ideal locations for exploration spending.Alex Heath, CFA, President and CEO of Ethos stated: \"We are excited to work with GoldSpot to unlock the high-grade gold potential of our Toogood Project in Newfoundland. GoldSpot's track record of success using cutting edge exploration techniques complements our team's technical strengths, which will allow us to develop high-priority drill targets for testing later this year.\"\"We are thrilled to leverage our strong foothold in Newfoundland and add Ethos to our growing client roster,\" said GoldSpot Discoveries Executive Chairman and President Denis Laviolette. \"Our work so far in the province has yielded incredible success and we are confident that our leading team of geoscientists and data scientists will maximize the chances of discovery at Ethos' Toogood Project using our proprietary machine learning technology.\" Toogood Gold Property Geology OverviewThe Toogood Project covers a total area of approximately 118km2 on New World Island, Newfoundland, and is comprised of the Toogood, McGrath, Virgin Arm, Deep Cove, and Fairbanks claim groups. The project lies at the northeast extent of the Exploits Subzone (Dunnage Zone) of Central Newfoundland and is underlain mostly by the Ordovician Dunnage Melange and the Badger Belt. The Exploits Subzone area trends 200km northeast / southwest across the island of Newfoundland, and hosts most of...