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GoldSpot Discoveries Corp. Signs Agreement with Firefox Gold Corp.
Toronto, Ontario--(Newsfile Corp. - July 27, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT)...
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[{"type":"text","content":"GoldSpot Discoveries Corp. Signs Agreement with Firefox Gold Corp.Toronto, Ontario--(Newsfile Corp. - July 27, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the \"Company\" or \"GoldSpot\") has been engaged by FireFox Gold Corp. (TSXV: FFOX) (\"FireFox\") to apply machine learning and its proprietary expertise to identify new exploration targets on FireFox's robust portfolio of projects in the Central Lapland Greenstone Belt, located in Finland. In its analysis, GoldSpot will work with FireFox's technical team to analyze all available geological and remote sensing data to explore the potential for gold mineralization local to the properties.\"GoldSpot Discoveries is excited to bring our big data solution to Finland, a world class mining jurisdiction that is notoriously rich in data. We believe FireFox's gold projects have incredible potential and GoldSpot will be able leverage its team and technology to unlock significant value. We believe GoldSpot's approach to integrating FireFox's existing and newly generated datasets with the Geological Survey of Finland's impeccable geodatabase (which includes over 130 years of historical data), will provide FireFox with a significant advantage over other explorers in the area.\" said Denis Laviolette, Executive Chairman and President of GoldSpot.Patrick Highsmith, Chairman of FireFox Gold, commented, \"We are very excited to unleash GoldSpot's cutting-edge technology on our gold projects in northern Finland. Our new integrated team encompasses FireFox's deep Finland expertise and more than 120 years of economic geology experience and the structural geology, geophysics, geochemistry, and technology mavens from GoldSpot. We believe the future of gold discovery will be driven by high-quality data, technical excellence, and smart application of machine learning.\"GoldSpot will help delineate drill-ready targets for orogenic gold mineralization, as well as identify prospective areas regionally. GoldSpot's subject matter experts will homogenize, integrate, process and interpret exploration datasets such as mapped or logged lithology, geophysics, surface and downhole geochemistry, and structural data. These interpreted and derived products will be used as input layers to GoldSpot's proprietary AI (machine learning) techniques, which will then be validated by our team of expert geoscientists, i...