Business
GoldSpot Discoveries Helps Monarch Mining Find New Gold-Rich Zones at the Beaufor Gold Deposit Using Artificial Intelligence
GoldSpot Discoveries Corp.'s proprietary approach of Artificial Intelligence (AI) and geolo...
About this update from Earthlabs Inc
[{"type":"text","content":"GoldSpot Discoveries Helps Monarch Mining Find New Gold-Rich Zones at the Beaufor Gold Deposit Using Artificial IntelligenceGoldSpot Discoveries Corp.'s proprietary approach of Artificial Intelligence (AI) and geological interpretation yields exploration success at the Beaufor deposit; Monarch Mining reported first surface exploration holes have returned high-grade assay results, including 35.87 g/t Au over 9.8 metres and 11.02 g/t Au over 5.55 metres; Additional follow-up drilling is planned to test extensions of positive near-surface results; Additional GoldSpot targets are in-queue for upcoming drill testing. Toronto, Ontario--(Newsfile Corp. - February 22, 2021) - GoldSpot Discoveries Corp. (TSXV: SPOT) (\"GoldSpot\" or the \"Company\") is pleased to announce that Monarch Mining Corporation (TSX: GBAR) (OTC: GBARF) (\"Monarch\") has successfully intercepted high-grade gold mineralization at GoldSpot's high priority targets at the Beaufor deposit, Quebec, which includes 35.87 g/t Au over 9.8 metres and 11.02 g/t Au over 5.55 metres. Please see here for Monarch's Press Release.Further nearby high-priority targets could be correlated to some of the high-grade intersections, suggesting the mineralization is open to several directions. Additional drilling is planned by Monarch to follow up the positive near-surface results. GoldSpot's AI-based approach was combined with traditional geological expertise to narrow down potential targets, which reduces financial risk by prioritizing the ideal locations for exploration drilling. Initial analytical steps of study consisted of re-interpreting the geology at Beaufor, including a desktop-based structural interpretation, 3D geological model and interpretation of the geological vectors to the gold mineralization, which then allowed to predict gold zones with more accuracy.Jean-Marc Lacoste, CEO of Monarch Mining Corporation commented: \"Monarch is very pleased to have incorporated the use of AI technology, through Goldspot Discoveries, to assist with exploration targeting in and around the Beaufor mine. We consider the addition of this technology to be a logical step in our exploration strategy, as we continue to develop our 3D model of the mine. The technology allows us to incorporate vast amounts of data and re-examine how they are related, leading to the identification of new drill targ...