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GoldSpot Discoveries to Use Artificial Intelligence on Gran Colombia Gold's Segovia Operations
Toronto, Ontario--(Newsfile Corp. - April 11, 2019) - GoldSpot Discoveries Corp. (TSXV: SPOT...
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[{"type":"text","content":"GoldSpot Discoveries to Use Artificial Intelligence on Gran Colombia Gold's Segovia OperationsToronto, Ontario--(Newsfile Corp. - April 11, 2019) - GoldSpot Discoveries Corp. (TSXV: SPOT) (\"GoldSpot\") is pleased to announce that its team of expert geologists and data scientists has been engaged by Gran Colombia Gold Corp. (\"Gran Colombia\") to use machine learning to identify new drilling targets at their Segovia Operations located in the Segovia-Remedios mining district of Antioquia in Colombia.With the recent closing of a CDN$20-million private placement, Gran Colombia plans to dramatically accelerate the exploration programs at Segovia and has engaged GoldSpot to minimize exploration risk and increase discovery rates by leveraging machine learning.Goldspot will use its geoscience and machine science expertise to clean, unify and analyse Gran Colombia's Segovia exploration data and produce both 2D and 3D targets for the exploration program. Goldspot will also deliver newly constructed lithological and mineralization models; new geophysical products produced through the reprocessing of the raw data; and new structural interpretations and models.\"We are excited to work with Gran Colombia at its Segovia Operations as we aim to address the big data challenge in mining. Segovia has produced over 5 million ounces of gold in the last 150 years and has a library of data just waiting to be tapped,\" said Denis Laviolette, CEO and President of Goldspot. Mr. Laviolette also commented: \"This partnership with Gran Colombia validates our business strategy. Our consulting work with major mining companies generates revenue to cover our G&A, fuel our R&D and demonstrate our leadership in applying machine learning to mineral exploration. This leaves our treasury intact to invest in juniors and acquire royalties in data-rich projects ripe for artificial intelligence, all while giving them access to our 25-person team. We are most unique source of capital in a depressed space, and we look forward to bringing our game-changing solutions to the market as we work with miners and explorers to rejuvenate this sector.\"Serafino Iacono, Executive Chairman of Gran Colombia commented, \"Our exploration work at Segovia to-date has centered on our three core mining operations to build our mineral resource and reserve statement and to support ou...