Excerpt from Stockwatch Gold-Today ean-Marc Lacoste's Monarch Mining Corp. (GBAR) rose six cents to 97 cents on 162,000 shares on word that it has drilled a 9.8-metre interval averaging 35.87 grams of gold per tonne and another that returned 11.02 grams per tonne over 5.55 metres at the Beaufor project in northwestern Quebec. Mr. Lacoste, president and CEO, applauded the new high-grade assays, which resulted from testing high-priority targets identified by Vincent Dube-Bourgeois's Goldspot Discoveries Corp. (SPOT).
Goldspot, which has been working with Monarch for the past year, uses "proprietary machine learning tools" -- artificial intelligence -- that combine prior drilling data and other information to prioritize new drill targets. Mr. Lacoste was quick to credit Goldspot for the assistance it provided and the news of the high-grade hits helped that company's stock today: Goldspot added two cents to 40.5 cents on 1.55 million shares.
Beaufor can use all the assistance it can get. At last report, the project held 431,000 tonnes measured and indicated at 6.68 grams of gold per tonne and 135,000 tonnes inferred at 6.96 grams per tonne, a total of 123,000 ounces.