Freeport Resources to utilize Minerva AI
AI solutions to assist Star Mountains gold-copper exploration Metal Tech News – Nov. 25, 2020
Last updated 11/24/2020 at 7:01pm
Freeport Resources Inc. has signed a deal to use Minerva Intelligence Inc.'s suite of artificial intelligence software to help identify and prioritize drill targets at its Star Mountains copper-gold project in Papua New Guinea.
Minerva's Terra Mining AI is a diverse suite of software and cognitive AI applications – Driver, Target, Solace and Leo – designed to organize mineral exploration data, streamline document management, and identify new targets.
Freeport, which recently added Star Mountains to its portfolio through the acquisition of Quidum Resources, plans to use TERRA Mining AI to enhance its next phases of surface and sub-surface exploration of this extensive property.
According to a resource calculated in 2018, the Olgal deposit at Star Mountains hosts 210 million metric tons of inferred resource averaging 0.4% (1.85 billion pounds) copper and 0.4 g/t (2.9 million ounces) gold.
The British Columbia-based exploration company will be utilizing Driver, cutting-edge AI software for evaluation of multi-element drilling data; Target, for identifying new drilling targets using AI; Solace for harmonizing and standardizing large data sets; and Leo, for quickly searching through the large amount of data.
"Despite having identified a very significant resource already, it is our assertion that Star Mountains is still vastly under-explored," said Freeport Resources President and CEO Gord Friesen. "We believe that utilizing AI-based, deep-thinking tools such as Driver will exponentially hasten our understanding of Star Mountains' true potential."
Freeport plans to use Driver to evaluate the multi-element data from drilling at the Olgal deposit.
The company says Driver's ability to spatially evaluate all the elements typically returned by modern laboratories, not simply the elements of direct economic interest, is a key advantage offered by this AI software. Work that typically would be too time-consuming and complicated to be carried out by project geologists.
Driver also compares identified geochemical exploration vectors to its database of hundreds of past and present mines around the world and identifies those most similar to the explored target. The resulting similarity rankings can then provide reliable, explainable models upon which geologists can build their exploration strategies.
Freeport will also utilize Minerva's SOLACE workflow solution to align and standardize the available surface and drilling data from the rest of the Star Mountains property so that it may be incorporated into the Target application.
Upon completion of the project, Freeport will be given a complementary three-month subscription to LEO, Minerva's mining and exploration-focused document management software for quick and easy document search and retrieval.
"We continue to see growing demand for our TERRA Mining AI solutions as innovative companies such as Freeport actively seek out technologies that make their workflow processes more efficient and more insightful," said Minerva Intelligence CEO Scott Tillman. "The Star Mountains project reaffirms the value Minerva's AI technology can bring to the mining and explorations sectors, and we look forward to quickly providing deep insights into Freeport's newly acquired data assets."