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GlobeNewswire GOLD'N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (the "Company" or "Gold'n Futures") is pleased to announce that it has entered into an engagement with GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) ("GoldSpot"). GoldSpot is increasingly recognized for its unique approach to mineral exploration and works with leading exploration and mining clients across all commodities and deposit types. GoldSpot uses cutting-edge artificial intelligence and geoscientific expertise to mitigate exploration risks and significantly increase the efficiency and success rate of mineral exploration across resources. Gold'n Futures' President, Stephen Wilkinson, commented, "GoldSpot is a relatively new company that has already had significant impacts on the exploration programs of its junior and large cap explorer clients. Companies such as New Found Gold Corp. and Critical Elements Lithium Corporation have benefitted from the application of GoldSpot's cutting-edge technology and geoscientific expertise. We are highly confident that Gold'n Futures' Hercules exploration program can also be exceptionally successful with new high-grade targets." Under its engagement, GoldSpot will complete property-wide, high-definition airborne geophysical surveys while conducting a comprehensive four phase program: Phase 1: Site Visits and Geophysical Surveys Site visits allow GoldSpot geologists to speak and interact closely with the site geologists to better understand the regional geology and mineralization environment. Airborne geophysical surveys will consist of GoldSpot's M-PASS platform of a triaxial magnetic gradient magnetic/VLF platform. The surveys will cover the entire 109 square kilometres of Hercules Property, flying approximately 1,200 line-km with 100-metre line spacing. Phase 2: Data Treatment and Geological Modeling Using the raw data and the knowledge gained from Phase 1, GoldSpot will (as needed): -- Update geological maps; -- Identify of exploration vectors; -- Normalize and standardize of input data; -- Reprocess geophysics data, generally including generation of new interpretations; -- Produce geological models (e.g., lithology, alteration, oxidation, overburden profiles, etc.); and -- Prepare statistical analysis of preferential orientations for relevant data (e.g., mineral and geochemical occurrences). Phase 3: Conventional and Machine Learning Target Generation GoldSpot will address two types of target delineation: -- Conventional Targets - Internally the project geologists and geophysicists will examine data in a traditional fashion and delineate targets they feel are the most prospective, based on their understanding of the data and the mineralization of the region. -- Machine Learning Targets - Concurrent to the production of the conventional targets, GoldSpot's machine learning experts will begin to produce drill targets based on the machine learning algorithms. These are made independently with no knowledge of the conventional targets prior to their generation. Phase 4: Final Target Generation and Presentation GoldSpot will author the final presentation and deliver all the data produced during the length of the project. These deliverables include: -- The newly cleaned and recoded database, e.g., of drilling data; -- Geological maps; -- Lithological and mineralization models; -- Reprocessed geophysics layers and interpretations; -- Structural interpretations and models; -- Exploration target areas; -- A recommended exploration plan; -- A final presentation, detailing work to produce the aforementioned products; -- Any other derivative products created during the course of work. As a team, the geologists, geophysicists and data scientists at GoldSpot will come together with all their independently generated targets. The GoldSpot team's expertise includes structural geology, resource geology, geophysics, geological mapping and geostatistics with decades of combined experience between them. Together, this team is expected to put together the highest priority targets for exploration and drilling and present these to Gold'n Futures. |