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GoldSpot Discoveries Identifies New Silver Targets on the Sterling Metals Sail Pond Project
Toronto, Ontario--(Newsfile Corp. - June 9, 2022) - GoldSpot Discoveries Corp . (TSXV: SPO...
About this update from Earthlabs Inc
[{"type":"text","content":"GoldSpot Discoveries Identifies New Silver Targets on the Sterling Metals Sail Pond ProjectToronto, Ontario--(Newsfile Corp. - June 9, 2022) - GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) (\"GoldSpot\" or the \"Company\"), a leading technology company leveraging artificial intelligence and data science to transform the mineral discovery process, is pleased to provide an update on work completed for Sterling Metals Corp. (TSXV: SAG) (OTCQB: SAGGF) (\"Sterling\") on its 100% owned Sail Pond Silver-Copper-Lead-Zinc Project in Newfoundland.In 2021, Sterling metals commenced the first drill campaign at the Sail Pond project and discovered the Heimdall Zone, an area with multi-element high-grade mineralization. GoldSpot's leading geoscience team worked to interpret these drill results, comparing them to regional geochemistry, geophysics and other features to provide Sterling with a regional prospectivity map and smart targets for drilling. Drilling at Sail Pond is planned to commence on June 15th and will begin with an initial program focused on expanding the mineralization at the 2021 discovered Heimdall Zone.Mathew Wilson, CEO of Sterling stated: \"In the first ever drill campaign undertaken at the Sail Pond project we were able to define an initial zone of mineralization and a theory of structural control - which we believe has the potential to replicate several times over along the greater than 12 kilometre trend defined by outcrop, trenching and soils. Our recently oversubscribed financings demonstrate the confidence the market has in our exploration strategy. We are excited to start this drill season and are optimistic that we will continue to uncover Canada's next potential high grade silver district\".Vincent Dubé-Bourgeois, CEO and Director of GoldSpot added: \"The progress made by Sterling and GoldSpot highlights the quality of this asset and of our work. We look forward to the drills beginning to turn and continuing to work with the team at Sterling by contributing our methods for discovery to this district scale land package.\"This work combined with the thorough geophysical interpretation completed in 2021 has led to 38 drill targets along the 12 km mineralized corridor. The targets include favorable locations adjacent to Heimdall, those with coincident metal in soil anomalies and preferential structural tr...