Lurk & Learns: Sooner or later Goldspot might get some serious following. Like from others who might understand their business plan.
2021-01-14 10:40 AT - News Release
Mr. Denis Laviolette reports
GOLDSPOT DISCOVERIES IDENTIFIES NEW STRUCTURE PARALLEL TO NEW FOUND GOLD'S DISCOVERY FOR EXPLOITS DISCOVERY
Goldspot Discoveries Corp. and Exploits Discovery Corp. have identified secondary faults parallel to the mineralized Appleton fault, which hosts New Found Gold Corp.'s discovery hole, on its Mount Peyton project. Goldspot is a shareholder of Exploits.
Goldspot and Exploits are proud to announce, that through Goldspot's historical compilation, re-interpretation, and data analysis techniques, it has identified a secondary parallel structure approximately 3.5 Kilometers west of NFGC's Keats discovery zone on its Appleton Fault. This newly identified northeast-southwest trending structure, termed the Schooner Fault, lies coincident with Torq Resources 2017 till program in which they reported anomalous gold till results in close proximity to the interpreted zone. The Schooner Fault is recommended by Goldspot for additional follow up work, including geophysics, prospecting and trenching and can be seen in Figure 1.Figure 1. Exploits Discovery Corps. Mt. Peyton Project with Goldspot's prospective Schooner FaultTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/5844/71988_4c40e21094b0891f_001full.jpg
Denis Laviolette, executive chairman and president of Goldspot, commented: "Goldspot continues to believe that Newfoundland remains a highly prospective area for exploration. The Schooner Fault is potentially in the same geological environment, has the same trend, and is near Goldspot's and New Found Gold's very prolific Appleton and JPB Fault zones. We believe Exploits stands an excellent chance to make a ground breaking discovery along the Schooner fault as well as on other project areas in its claim portfolio in the region.
Michael Collins, President and Chief Executive Officer of Exploits, commented: "Exploits is very pleased to present these Goldspot generated targets on the Schooner Fault. We have a very large land package with numerous existing high value gold targets. The Exploits team is working to build a comprehensive data base with prospecting and geophysical data acquisition. Goldspot's Exploits Subzone knowledge base and AI <artificial intelligence> process will continue to drive targeting and discovery faster and better than our exploration competitors."
Previous Property Exploration
Prior to acquiring the exploration rights to the property, Torq Resource Inc. ("Torq") held the land and explored it actively up until 2018. During that time Torq released grab and till samples in press releases to the market highlighting the grade strike and continuity in the exploration area over what would be discovered as the Schooner Fault. The Press Release is available in its entirety at:
https://www.torqresources.com/news/2017/torq-resources-identifies-a-25-km-long-gold-corridor-in-newfoundland-1/
The full till results reported for the area in the September 21st, 2017 press release by Torq has not yet been released publicly in its entirety. The accuracy and location of the reported till results are currently being vetted by Goldspot or Exploits and as such the map contained in the historic linked Press Release should be used for informational purposes only.
Qualified Persons
The technical information in this press release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 - Standards of Disclosure for Mineral Projects, and reviewed and approved by Peter McIntyre, professional geologist (APGO - P.GEO 2217), a qualified person as defined by NI 43-101 guidelines.
About Goldspot Discoveries Corp.
Goldspot Discoveries Corp. (TSXV: SPOT) is a technology services company in mineral exploration. Goldspot is a leading team of expert scientists who merge geoscience and data science to deliver bespoke solutions that transform the mineral discovery process. In the race to make discoveries, Goldspot produces Smart Targets and advanced geological modelling that saves times, reduces costs and provides accurate results.
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