GoldSpot AI returns to Newfoundland
TRU Precious Metals gets machine learning exploration help Metal Tech News – April 21, 2021
Last updated 6/21/2021 at 11:52am
Artificial intelligence aficionado, GoldSpot Discoveries Corp. has announced yet another partnership in using its proprietary machine learning technology to supplement the search for precious metals with a contract by TRU Precious Metals Corp. for its Golden Rose and Twilite Gold projects in the prolific Central Newfoundland Gold Belt.
Returning to Newfoundland after its work with Exploits Discovery Corp., GoldSpot has been tasked with combing through samples and compiling data to do what they do best, distill all available geological information from large land packages and identify the most efficient and cost-effective way to explore, saving time, resources and capital.
"We are excited to bring our technology back to Newfoundland where we built tremendous expertise over the years. As the premier geological and data partner in the province, GoldSpot has worked with multiple exploration companies and their management teams to drive results," said GoldSpot Discoveries Executive Chairman and President Denis Laviolette. "We are confident we will help TRU capitalize on their existing infrastructure and exploration potential to identify new discoveries of their properties."
TRU Precious Metals, operating a district-scale land package out of the oft-forgotten island just east of Canada and northeast of the uppermost tip of the United States, recently entered into a definitive option agreement with a subsidiary of TSX-listed Altius Minerals Corp. for the option to purchase 100% of the Golden Rose project, located along the Cape Ray-Valentine Lake Shear Zone.
Also owning 100% of its Twilite Gold project, as well as three under-explored properties, the expertise of GoldSpot is just what the Canada-based miner needs to neatly coordinate its properties and begin utilizing them to their fullest potential.
"We are delighted to partner with GoldSpot, a company with a stellar reputation and highly-experienced technical team. We look forward to drawing on their AI technologies to target and accelerate our exploration program, particularly at our Golden Rose project along the deposit-bearing Cape Ray-Valentine Lake Shear Zone," said TRU Precious Metals President and CEO Joel Freudman. "Having recently closed an over-subscribed $3.5 million financing, we are excited to begin work in earnest on our district-scale land package in the Central Newfoundland Gold Belt."