Business
GoldSpot Reports 2nd Consecutive Record Quarter
Toronto, Ontario--(Newsfile Corp. - November 12, 2020) - GoldSpot Discoveries Corp. (TSXV: S...
About this update from Earthlabs Inc
[{"type":"text","content":"GoldSpot Reports 2nd Consecutive Record QuarterToronto, Ontario--(Newsfile Corp. - November 12, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the \"Company\" or \"GoldSpot\") is pleased to announce the unaudited financial results of the Company as at and for the three and nine months ended September 30, 2020 (the \"Financial Results\").Highlights for the three-month period ended September 30, 2020:Completed the quarter with total cash and cash equivalents and investments of $16.2 million;Consulting revenue of $1.6 million and net income of $3.0 million (basic earnings per share of $0.03);In July 2020, GoldSpot announced that Firefox Gold Corp. has engaged the Company to apply machine learning and its proprietary expertise to delineate new drill-ready targets for orogenic gold mineralization, as well as identify prospective areas regionally in Finland;In August 2020, GoldSpot announced that it has been engaged by AEX Gold Inc. to apply its proprietary workflows and machine learning to identify new exploration targets on AEX's licence portfolio in southern GreenlandIn August 2020, GoldSpot announced that it was engaged by Cassiar Gold Corp. (formerly Margaux Resources Ltd.) in May 2020, to combine its proprietary machine learning techniques with the strong geoscientific framework developed for the area to help identify and rank drill targets at the Taurus property of the historic Cassiar gold camp in northern British Columbia;In August 2020, GoldSpot announced that it has been engaged by Tembo Gold Corp. to apply machine learning and its proprietary expertise to identify new exploration targets on Tembo's flagship project in the Sukumaland greenstone belt, located in Tanzania;In September 2020, GoldSpot announced that it has been engaged by Cerrado Gold Inc. (a private exploration company) to apply machine learning and its proprietary data science expertise to identify new exploration targets on Cerrado's Minera Don Nicolas project, located in Santa Cruz, Argentina;In September 2020, GoldSpot's client Quebec Precious Metals Corp. announced that it has successfully discovered a new polymetallic gold-rich vein system within one of GoldSpot's high-priority targets at the Elmer East project located in James Bay, Quebec;In September 2020, GoldSpot's client New Found Gold Corp. announced that it has commenced drilling on the Keats di...