Toronto, Ontario--(Newsfile Corp. - June 23, 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 Ethos Gold Corp. (TSXV: ECC) (OTCQB: ETHOF) (FSE: 1ET) ("Ethos Gold"), to apply its proprietary machine learning technology and geoscience expertise on Ethos Gold's 118 km2 Toogood Project located on New World Island, approximately 65 km north of Gander, Newfoundland.
Ethos Gold, a member of the highly successful Discovery Group, has accumulated a portfolio of district-scale projects in British Columbia, Ontario, Quebec, and Newfoundland and is led by a renowned technical and geologic team with a strong history of discovery success. GoldSpot will work with the Ethos Gold technical team to help delineate drill-ready targets for orogenic gold mineralization, as well as identify prospective areas regionally.
"We are thrilled to leverage our strong foothold in Newfoundland and add Ethos Gold to our growing client roster," said GoldSpot Discoveries Executive Chairman and President, Denis Laviolette. "Our work so far in the province has yielded incredible success and we are confident that our leading team of geoscientists and data scientists will maximize the chances of discovery at Ethos' Toogood Project using our proprietary machine learning technology."
Alex Heath, CFA, President and CEO of Ethos, stated: "We are excited to work with GoldSpot to unlock the high-grade gold potential of our Toogood Project in Newfoundland. GoldSpot's track record of success using cutting edge exploration techniques complements our team's technical strengths, which will allow us to develop high-priority drill targets for testing later this year."