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GoldSpot Discoveries and Tembo Gold Identify 54 Drill Targets on Tembo's Gold Project with a Strong Relationship to the Adjacent Bulyanhulu Mine
Toronto, Ontario--(Newsfile Corp. - June 8, 2021) - GoldSpot Discoveries Corp. (TSXV: SPOT) ...
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[{"type":"text","content":"GoldSpot Discoveries and Tembo Gold Identify 54 Drill Targets on Tembo's Gold Project with a Strong Relationship to the Adjacent Bulyanhulu MineToronto, Ontario--(Newsfile Corp. - June 8, 2021) - GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) (\"GoldSpot\" or the \"Company\"), a leading technology services company leveraging machine learning to transform the mineral discovery process, and Tembo Gold Corp. (TSXV: TEM) (\"Tembo\") are pleased to report the results of GoldSpot's property wide data review, reinterpretation, and target generation utilizing traditional geological and machine learning methods, which was completed in collaboration with the Tembo geological team. The results of this exercise have led to the identification of 54 geological targets ranked in order of priority at the Tembo Gold Project, located near Barrick Gold's Bulyanhulu Gold Mine, in the Sukumaland Greenstone Belt.Denis Laviolette, Executive Chairman and President of GoldSpot, said, \"I'm thrilled to announce the latest success from our team's advanced analytical technology which resulted in over 50 identified targets at the Tembo Gold Project. GoldSpot worked to homogenize, process, and interpret Tembo's exploration datasets including geological maps, drill logs, geophysics, surface and downhole geochemistry, and structural orientation data. The interpreted and derived products were used as input layers to GoldSpot's proprietary AI (machine learning) techniques, which will be further validated with Tembo's technical team.\"David Scott, President & CEO of Tembo, stated, \"This collaborative re-interpretation and enhancement of the technical consideration of the Tembo data has greatly improved the overall understanding of the geological setting within this greenstone fragment, and has identified invaluable characteristics that are interpreted to accompany gold mineralization, and allowed us to identify what the future work programmes will consist of and prioritise these programs on each of the targets to be tested. GoldSpot's work has confirmed our prior view that the Tembo project contains many targets characterized by structural attributes that may host gold mineralization.\"GoldSpot Program HighlightsGoldSpot utilized geophysics (airborne magnetics and ground induced polarization), soil and rock geochemistry, satellite imagery (...