GoldSpot Discoveries Corp. a leading technology services company leveraging machine learning to transform the mineral discovery process, is pleased to announce it has been engaged by Red Pine Exploration Inc. to apply its proprietary machine learning technology and geoscience expertise on its Wawa Gold project, consisting of a claim package of 6,986 hectares and a NI 43-101 compliant resource estimate.GoldSpot works ...

GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) ("GoldSpot" or the "Company"), a leading technology services company leveraging machine learning to transform the mineral discovery process, is pleased to announce it has been engaged by Red Pine Exploration Inc. (TSXV: RPX) ("Red Pine"), to apply its proprietary machine learning technology and geoscience expertise on its Wawa Gold project, consisting of a claim package of 6,986 hectares and a NI 43-101 compliant resource estimate.

GoldSpot works with leading exploration and mining clients across all commodities and deposit types, using cutting-edge technology and geoscientific expertise to mitigate exploration risks and significantly increase the efficiency and success rate of mineral exploration across resources. Recent successes by GoldSpot with both leading producers and explorer/developers have demonstrated the potential to expand resources and make new discoveries using this advanced analytical technology.

GoldSpot will work closely with the technical team at Red Pine to expand the existing resource estimate as well as identify regional targets for exploration and expansion.

Quentin Yarie, Chief Executive Officer and Director commented: "Our technical team will welcome the input provided by GoldSpot and be very interested in comparing it to our existing models. We look forward to aggressively progressing our understanding of the Wawa Gold Corridor."

Vincent Dub-Bourgeois, CEO and Director of GoldSpot, added: "Red Pine's highly prospective Wawa Gold project is a fantastic addition to our growing Northern Ontario client portfolio. We're excited to work with the Red Pine team to advance exploration on the property and work towards identifying new discoveries."

The 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 No. 2059), a qualified person as defined by National Instrument 43-101 guidelines.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. The Company's Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

About GoldSpot Discoveries Corp.

GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) is a technology company using artificial intelligence to revolutionize the future of global mineral exploration with a full suite of data and knowledge-driven SaaS tools and services. GoldSpot works with industry leaders across all commodity and deposit types to identify new exploration targets, develop cutting-edge technologies and to strategically invest in mineral exploration companies. Our leading team of expert scientist's merge geoscience and data science to deliver bespoke solutions that save time, reduce costs and produce far more accurate results than ever before possible.

For further information please contact:

Denis Laviolette
Executive Chairman and President
GoldSpot Discoveries Corp.
Tel: 647-992-9837
Email: investors@goldspot.ca

Cautionary Statement on Forward -Looking Information

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105151

News Provided by Newsfile via QuoteMedia

Alianza Minerals and Cloudbreak Discovery acquire Stateline Copper Project under the Southwest US Copper Alliance, Colorado

Alianza Minerals and Cloudbreak Discovery acquire Stateline Copper Project under the Southwest US Copper Alliance, Colorado

(TheNewswire)

Alianza Minerals Ltd

  • Second Copper Prospect acquired under Southwest US Copper Alliance

Keep reading... Show less
Metals Creek Receives 1st Anniversary Option Payment for Flint Lake from Manning

Metals Creek Receives 1st Anniversary Option Payment for Flint Lake from Manning

Metals Creek Resources Corp. (TSXV: MEK) (OTCQB: MCREF) (FSE: M1C1) (the "Company" or "Metals Creek") is pleased to announce that the company has received the 1st year anniversary payment of $30,000 and 400,000 shares from Manning Ventures Inc. (CSE: MANN) ("Manning") for the Flint Lake Option.

Manning has the right to earn a 100% interest of Metals Creeks 81.3 % interest in the Flint Lake project.

Keep reading... Show less
Fabled Silver Gold Issues Shares for Payment of Services by Agoracom and Announces Extension of Agreement

Fabled Silver Gold Issues Shares for Payment of Services by Agoracom and Announces Extension of Agreement

Fabled Silver Gold Corp. ("Fabled" or the "Company") (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) wishes to announce that it has renewed its agreement (the "Renewal Agreement") with Agora Internet Relations Corp. ("AGORA") to provide online advertising, marketing and branding services ("Advertising Services") as of November 15, 2021, and wishes to issue common shares in settlement of Advertising Services provided by AGORA to the Company pursuant to the shares for services program ended September 30, 2021 (the "Prior Agreement

The Company has agreed to issue a total of 519,007 common shares of the Company in respect of the settlement of the Prior Agreement and an additional 169,500 common shares of the Company in respect of the first payment required by the Renewal Agreement for a total of 689,007 common shares of the Company.

Keep reading... Show less
Vanstar Signs LOI with IAMGOLD to Acquire the Calder Bousquet Property and Provides Update on Nelligan Project

Vanstar Signs LOI with IAMGOLD to Acquire the Calder Bousquet Property and Provides Update on Nelligan Project

Vanstar Mining Resources Inc. (TSXV: VSR (OTCQX: VMNGF) ("Vanstar", or the "Company") is pleased to announce that it has signed a letter of intent ("LOI") with IAMGOLD Corporation ("IAMGOLD") to acquire a 75% interest in the Calder-Bousquet property (the "Property") also referred as the Bousquet-Odyno project. The Property consists of 37 contiguous mining claims covering approximately 1,490 ha and is located directly south of highway 117 between the towns of Rouyn-Noranda and Malartic. The Property lies within the Abitibi greenstone gold belt, along the Cadillac break, a prolific gold bearing regional structure that has produced 100 million ounces of gold since 1900. Historical drilling on the property prior to IAMGOLD has identified a number of gold zones, including the Calder-Bousquet Zones No. 2, No. 4 and No. 5. Historical drilling has been relatively shallow, down to approximately 250 metres ("m").

From 2010 to 2016, IAMGOLD engaged in successive exploration programs including surface geological mapping and outcrop stripping to develop and refine structural controls relating to the historical gold zones, geophysics and geochemistry surveys to guide drilling programs and the completion of just over 20,000 m of diamond drilling to test historical gold zones and other exploration targets. Selected results from IAMGOLD's drilling programs include:

Keep reading... Show less
TDG Gold Corp. 'S First Drill Results at Shasta Report Up To 25 G/T Gold and >100 G/T Silver

TDG Gold Corp. 'S First Drill Results at Shasta Report Up To 25 G/T Gold and >100 G/T Silver

TDG Gold Corp. (TSXV: TDG) (the "Company" or "TDG") is very pleased to announce the first drill results of its 2021 Shasta diamond drill campaign from holes SH21-004 and SH21-005. These holes are located over 50 metres ("m") south of historical underground workings and provide the first drill section and new samples of in-situ mineralization. These results have been received directly from SGS Canada Inc. ("SGS") and are the first preliminary 2021 drill results released for TDG's Shasta project which is located in the Toodoggone district of north-central B.C. The results are subject to further quality assurance and quality control assessment, and several over limit re-assays are pending for gold (>10 grams per tonne "gt") and silver (>100 gt) as shown below. The highest grade gold ("Au") and silver ("Ag") assay intervals are shown in Table 1 below. The assay results reported either side of the high grade gold and silver intercepts are indicative of halo style mineralization at Shasta (see Table 2) and which has been demonstrated to exist in epithermal gold and silver deposits in the Toodoggone district

Table 1. Select intervals of preliminary assay results.

Keep reading... Show less
Gran Colombia Changes Name to GCM Mining Corp.

Gran Colombia Changes Name to GCM Mining Corp.

Gran Colombia Gold Corp. (the "Company") (TSX: GCM, OTCQX: TPRFF) announced today that it has changed its name to GCM Mining Corp. effective immediately and its website can be found at www.gcm-mining.com .

Commenting on the name change, Serafino Iacono, Executive Chairman of the Company, said "We are very proud of our Colombian roots and, in Colombia, we will continue to operate as Gran Colombia. Our new corporate name reflects our strategy to grow through diversification, expanding our operations and investments to other countries and broadening our products to include other metals beyond just gold and silver. With the acquisition earlier this year of the Toroparu Project in Guyana and our equity stake in Denarius and its flagship Lomero Project in Spain, we have commenced our diversification strategy. We have a strong balance sheet and we are fully funded to build Toroparu, one of the largest undeveloped gold/copper projects in the Americas. We expect to announce the results on the updated mineral resource estimate and preliminary economic assessment for Toroparu shortly, solidifying its position along with our Segovia Operations, as a cornerstone asset in GCM Mining Corp."

Keep reading... Show less

Top News

Related News