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GoldSpot Discoveries Corp. and AEX Gold Inc. Sign an Agreement to Identify New Exploration Targets in South Greenland
Toronto, Ontario--(Newsfile Corp. - August 11, 2020) - GoldSpot Discoveries Corp. (TSXV: S...
About this update from Earthlabs Inc
[{"type":"text","content":"GoldSpot Discoveries Corp. and AEX Gold Inc. Sign an Agreement to Identify New Exploration Targets in South GreenlandToronto, Ontario--(Newsfile Corp. - August 11, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the \"Company\" or \"GoldSpot\") has been engaged by AEX Gold Inc. (TSXV: AEX) (\"AEX\") to apply its proprietary workflow and machine learning algorithm to identify new exploration targets on AEX's license portfolio in South Greenland. GoldSpot will work with AEX's technical team to analyze all available geological and remote sensing data to create high quality multivariate prospectivity maps, enhancing the exploration opportunities for gold mineralization at the properties.Highlights:GoldSpot will assist AEX's exploration team this year in Greenland with two of its own geologists being deployed to site, thereby increasing the result-oriented machine learning study;Through its analytical work across the portfolio, GoldSpot will help prioritize and rank the high-grade exploration prospects for AEX across its license portfolio for the next exploration season in 2021; andThe gold belts of Greenland host high-grade narrow vein mineralization, which is similar in style to the mineralization found in the Abitibi Gold Belt of Canada, an area where GoldSpot has experience working in.Denis Laviolette, Executive Chairman and President of GoldSpot Discoveries, said:\"GoldSpot continues to partner with best-in-class operators in high-impact, district size opportunities. AEX is a first mover in Greenland and plans to create shareholder value through the redevelopment of the past producing Nalunaq Gold Project while exploring a prolific land package. GoldSpot thrives in big data settings and will be working closely with AEX in the application of machine learning to delineate new and exciting targets.\" Martin Ménard, Executive Vice President & Chief Operating Officer of AEX Gold, commented:\"We are delighted to be partnering with GoldSpot in this venture, a company with a stellar reputation and a wealth of experience in helping mining companies identify new exploration targets. In addition to redeveloping the high grade Nalunaq Gold Project, the AEX team is excited about the true potential of our wider land package along the Nanortalik and Tartoq Gold Belts, which display geological similarities to other Gold Belts found in...