TRU Precious Metals (TRU) has hired GoldSpot Discoveries (SPOT) to apply the company's AI technology to two of TRU's projects in Newfoundland.
The Golden Rose and Twilite Gold projects are located in the prolific Central Newfoundland Gold Belt.
GoldSpot has utilized its proprietary machine learning technology on other exploration projects to significantly increase the efficiency and success rate of mineral exploration.
Recent successes with both leading producers and explorer/developers have demonstrated the potential to expand resources and make new discoveries using this advanced analytical technology.
Denis Laviolette, Executive Chairman and President of GoldSpot, stated,
“We are excited to bring our technology back to Newfoundland where we built tremendous expertise over the years. As the premier geological and data partner in the province, GoldSpot has worked with multiple exploration companies and their management teams to drive results.”
The use of GoldSpot's cutting-edge AI algorithms has already led to important mineral discoveries in the province.
Joel Freudman, President and CEO of TRU Precious Metals, commented,
“We are delighted to partner with GoldSpot, a company with a stellar reputation and highly-experienced technical team.”
“We look forward to drawing on their AI technologies to target and accelerate our exploration program,” he added.
TRU Precious Metals is engaged in the acquisition and exploration of gold properties.
GoldSpot Discoveries is a technology services company in mineral exploration.
GoldSpot Discoveries (SPOT) opened trading at $0.52 per share.