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GoldSpot Discoveries Signs Agreement with Monarch Gold
Toronto, Ontario--(Newsfile Corp. - May 8, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (" ...
About this update from Earthlabs Inc
[{"type":"text","content":"GoldSpot Discoveries Signs Agreement with Monarch GoldToronto, Ontario--(Newsfile Corp. - May 8, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (\"GoldSpot\" or the \"Company\") has been engaged by Monarch Gold Corporation (TSX: MQR) (\"Monarch\") following an investment from Caisse de dépôt et placement du Québec (\"CDPQ\") to continue to advance the Beaufor Mine located on the prolific Abitibi Greenstone Belt in the Province of Quebec.\"To maximize our chances of success, we have retained the services of GoldSpot, who will assist us in selecting the optimal drill targets throughout the program based on the historical data we have compiled over the past two years,\" stated Jean-Marc Lacoste, President and CEO of Monarch Gold. \"GoldSpot is pleased to be assisting Monarch to evaluate current and future discovery potentials and contribute our part to the goal of re-opening of the Beaufor Mine. With our teams roots firmly planted in Quebec, GoldSpot is poised to leverage our regional expertise, team and technology to assist both issuer and institution,\" stated Denis Laviolette, President and Chief Executive Officer of GoldSpot.GoldSpot will use proprietary machine learning tools to identify and optimize drilling targets at the Beaufor Mine. GoldSpot will process, integrate, and interpret underground and exploration drilling data in and around the Beaufor Mine using geoscience, data analytics and proprietary AI (machine learning) techniques. The objective of GoldSpot's engagement will be to assist with exploration targeting on both a local and regional scale.The planned exploration program will be one of the largest exploration programs ever undertaken on the Beaufor Mine, consisting of approximately 270 drill holes for a total of 42,500 metres. Exploration drilling will be undertaken in several phases, including:underground work in proximity to the exploration targets of the mine (high-grade intervals and isolated resource blocks);near-surface and mine targets;targets below the current mine workings; andregional exploration targetsThe technical information in this press release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved by Chris MacInnis, professional geoscientist (APGO...