GoldSpot Discoveries Engaged by Canada Silver Cobalt Works to Apply Artificial Intelligence on Canadian Portfolio
oronto, Ontario--(Newsfile Corp. - November 2, 2021) - GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) ("GoldSpot" or the "Company"), a leading technology services company leveraging machine learning to transform the mineral discovery process, is pleased to announce it has been engaged by Canada Silver Cobalt Works Inc. (TSXV: CCW) (OTCQB: CCWOF) (FSE: 4T9B) ("Canada Silver Cobalt") to apply its proprietary machine learning technology and geoscience expertise across multiple properties and projects in Quebec and Ontario.
Canada Silver Cobalt owns the Gowganda Area Property near Kirkland Lake where the Castle Mine produced 9.5 million oz silver and 300,000 lbs of cobalt in the 1900s (Robinson, D.R. and Basa, E.M. 1992. Temagami-Temiskaming Mine Compilation Report, (unpublished) for Ministry of Northern Development and Mines). The Castle East project is located 1.5 km east of the Castle Mine. Canada Silver Cobalt discovered the Robinson Zone with intersections of 50,583 g/t Ag over 0.6m in hole CS-19-08-W01 and 70,380 g/t Ag over 0.3m in hole CS-19-08-W02. Canada Silver Cobalt also recently discovered high-grade gold of 24.95 g/t over 0.30 m in hole CS-20-31. Reference: Rachidi, M. 2021, NI 43-101 Technical Report update for Castle East, Ontario, Canada, with an effective date of April 30, 2021, and a signature date of May 25, 2021.
GoldSpot Discoveries will be working in conjunction with the geotechnical team at Canada Silver Cobalt, to assist in expanding current resources, identify additional targets in proximity to existing deposits, as well as working on a regional scale to identify smart targets for additional discovery.
"Canada Silver Cobalt has some of the best silver intercepts in recent history and we are very excited to be a part of that," commented GoldSpot Chief Executive Officer Vincent Dub-Bourgeois. "We look forward to working with the geotechnical team at Canada Silver Cobalt to identify additional targets leading to the expansion of existing deposits as well as new additional discoveries."
Matt Halliday, President and Chief Operating Officer, added, "Our team looks forward to working with the GoldSpot team, I believe that this data-driven project will open up new possibilities in the both the Robinson System leading to more efficient use of our drill meters but allow us to generate and prioritize drill targets on our broad exploration package."
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