GoldSpot returns to Abitibi for Bullion
Utilizing artificial intelligence to calculate mineral resources Metal Tech News – April 27, 2022
Last updated 4/26/2022 at 11:22am
Mineral discovery with machine learning company GoldSpot Discoveries Corp. April 26 announced it has been engaged to apply its artificial intelligence and geoscience expertise at Bullion Gold Resources Corp.'s Bousquet project in the Abitibi Greenstone Belt of Quebec.
"GoldSpot was founded doing work in the Abitibi Gold Belt, and we're always excited when we get to continue work in the region," said GoldSpot Discoveries CEO Vincent Dubé-Bourgeois. "The Bousquet project has shown some initial and historical success, and with our expertise in the area and using our proprietary software, we will be able to provide Bullion Gold with ranked and prioritized Smart Targets to move their project along in the most efficient way possible."
Found along the well-known Cadillac-Larder Lake fault system, Bullion Gold's Bousquet gold project includes 2,369 hectares (5,854 acres) of mining claims approximately 40 kilometers (25 miles) east of Rouyn-Noranda and 80 kilometers (50 miles) west of Val-d'Or. This region where Bousquet is found is scattered with producing and past-producing mining projects such as Mouska, Doyon, Bousquet, LaRonde, Sigma, Lamaque, and Lapa. Bousquet itself is neighbored by Agnico Eagle Mines Ltd., Iamgold Corp., and Hecla Mining Corp., all of which have current operating mines in the area.
Following on the company's maiden drill program in 2021, Bullion plans for 15,000 meters of drilling this year across its 71 mining claims.
Having historically produced 100 million ounces of gold, the favorable geology of the prolific Cadillac-Larder Lake fault is supplemented with nearby infrastructure, power grid, and a year-round access road.
GoldSpot will attempt to narrow down potential targets from seven known gold showings along 7,000 meters following the Cadillac-Larder Lake fault and a 4,000-meter gold-bearing corridor with further gold showings.
"We are happy to work with GoldSpot Discoveries, a company that brings an important technological aspect to our industry," said Bullion Gold President and CEO Jonathan Hamel. "We look forward to working with GoldSpot to advance our flagship Bousquet property."
GoldSpot will be working closely with the technical team at Bullion to provide data analytics, 3D modeling, AI prospectivity mapping, and Smart Targets for exploration drilling. Familiar with the area, GoldSpot has previously applied its expertise to the region, highlighted by partnerships with Monarch Mining Corp. and Opawica Exploration Inc.
"I'm excited to build on our previous success and unlock the potential at the Bousquet project," finished Dubé-Bourgeois.