GoldSpot Reports 2nd Consecutive Record Quarter
Toronto, Ontario--(Newsfile Corp. - November 12, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") is pleased to announce the unaudited financial results of the Company as at and for the three and nine months ended September 30, 2020 (the "Financial Results"). Highlights for the three-month period ended September 30, 2020: Completed the quarter with total cash and cash equivalents and investments of $16.2 million; Consulting revenue of $1.6 million and net income...
2020-11-12 7:30 AM EST
GoldSpot Enters into Agreement for Business Combination of XCorp AI Ltd.
Toronto, Ontario--(Newsfile Corp. - November 11, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) ("GoldSpot" or the "Company") is pleased to announce that it has entered into a binding agreement with its majority owned subsidiary, XCorp AI Ltd. ("XCorp") and Golden Planet Mining Corp. ("GPM") effective November 10, 2020, pursuant to which XCorp and GPM will effect a business combination (the "Proposed Transaction"). The Proposed Transaction shall be structured as an amalgamation, plan of...
2020-11-11 5:00 PM EST
GoldSpot Discoveries Grows Royalty Portfolio in Newfoundland with Exploits Discovery
Toronto, Ontario--(Newsfile Corp. - October 20, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) ("GoldSpot" or the "Company") is pleased to announce it has been engaged by Exploits Discovery Corp. (CSE: NFLD) ("Exploits") to apply its proprietary machine learning technology and geoscience expertise on its district scale, high-grade gold projects in Newfoundland, Canada. GoldSpot will work closely with the technical team at Exploits to analyze geological, geochemical, and geophysical data...
2020-10-20 7:30 AM EDT
GoldSpot Discoveries Engaged by Calibre Mining to Identify High Value Drill Targets and Deploy Core Imaging Technology
Toronto, Ontario--(Newsfile Corp. - October 16, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") is pleased to announce a commercial agreement with Calibre Mining Corp. ("Calibre") to create prospectivity maps and 3D targets for the Limon, Libertad and Pavon projects located in Nicaragua. GoldSpot will process, integrate, and interpret underground and exploration drilling data in and around the Limon, Libertad and Pavon projects using its proprietary fusion...
2020-10-16 7:30 AM EDT
GoldSpot Discoveries Engaged to Apply Machine Learning at Metallic Minerals' High-Grade Keno Silver Project in Yukon, Canada
Toronto, Ontario--(Newsfile Corp. - October 7, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) ("GoldSpot" or the "Company") is pleased to announce it has been engaged by Metallic Minerals Corp (TSXV: MMG) ("Metallic") to apply its proprietary machine learning technology and geoscience expertise on Metallic's flagship Keno Silver project, located in Canada's Yukon Territory. GoldSpot will work closely with Metallic's technical team to analyze geological, geochemical, and geophysical data...
2020-10-07 7:30 AM EDT
GoldSpot Discovers New Gold System at Quebec Precious Metals' Elmer East Gold Project Using Artificial Intelligence
GoldSpot Discoveries Corp. proprietary approach of Artificial Intelligence (AI) and geological interpretation yields positive results in greenfields exploration; Nine grab samples returned up to 17.75 g/t Au with an average of 5.41g/t Au, and also up to 7.99% Zn; The new discovery borders a regional-scale shear zone, previously interpreted by GoldSpot, which opens new multi-kilometers potential along strike; GoldSpot was the sole AI-company operating on the Elmer East Gold Project. Normand...
2020-09-17 11:56 AM EDT
GoldSpot Discoveries Corp. to Apply Machine Learning on Cerrado Gold Inc.'s Minera Don Nicolas Project
Toronto, Ontario--(Newsfile Corp. - September 16, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") has been engaged by Cerrado Gold Inc. ("Cerrado") to apply machine learning and its proprietary data science expertise to identify new exploration targets on Cerrado's Minera Don Nicolas (MDN) project, located in Santa Cruz, Argentina. In its analysis, GoldSpot will work with Cerrado's technical team to integrate and analyze geological and remote sensing data...
2020-09-16 7:30 AM EDT
GoldSpot Reports Strongest Quarter to Date
Toronto, Ontario--(Newsfile Corp. - August 31, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") is pleased to announce the three and six months ended June 30, 2020 unaudited financial results of the Company (the "Financial Results"). Highlights for the three-month period ended June 30, 2020: Completed the quarter with total cash and cash equivalents and investments of $13 million; Net income of $2,840,204 (basic earnings per share of $0.03) as compared to a net...
2020-08-31 7:30 AM EDT
GoldSpot Discoveries Corp. to Apply Machine Learning on Tanzanian Greenstone Belt
Toronto, Ontario--(Newsfile Corp. - August 20, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") has been engaged by Tembo Gold Corp. (TSXV: TEM) ("Tembo") to apply machine learning and its proprietary expertise to identify new exploration targets on Tembo's flagship project in the Sukumaland Greenstone Belt, located in Tanzania. In its analysis, GoldSpot will work with Tembo's technical team to analyze all available geological and remote sensing data to explore...
2020-08-20 7:30 AM EDT
GoldSpot Discoveries Corp. and Margaux Resources Ltd. Collaborate on Series of Exciting New Targets for Drill Campaign
Toronto, Ontario--(Newsfile Corp. - August 17, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") was engaged by Margaux Resources Ltd. (TSXV: MRL) ("Margaux") in May 2020 to apply proprietary machine learning techniques within a strong geoscientific framework to help identify and rank drill targets at the Taurus Property of the historic Cassiar Gold Camp. GoldSpot has been working closely with Margaux's technical team to analyze all available geological data and...
2020-08-17 11:44 AM EDT
GoldSpot Discoveries Corp. and AEX Gold Inc. Sign an Agreement to Identify New Exploration Targets in South Greenland
Toronto, Ontario--(Newsfile Corp. - August 11, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") has been engaged by AEX Gold Inc. (TSXV: AEX) ("AEX") to apply its proprietary workflow and machine learning algorithm to identify new exploration targets on AEX's license portfolio in South Greenland. GoldSpot will work with AEX's technical team to analyze all available geological and remote sensing data to create high quality multivariate prospectivity maps, enhancing...
2020-08-11 7:30 AM EDT
GoldSpot Discoveries Corp. Signs Agreement with Firefox Gold Corp.
Toronto, Ontario--(Newsfile Corp. - July 27, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") has been engaged by FireFox Gold Corp. (TSXV: FFOX) ("FireFox") to apply machine learning and its proprietary expertise to identify new exploration targets on FireFox's robust portfolio of projects in the Central Lapland Greenstone Belt, located in Finland. In its analysis, GoldSpot will work with FireFox's technical team to analyze all available geological and remote...
2020-07-27 7:30 AM EDT
GoldSpot Discoveries Corp. Announces New Chief Technology Officer
Toronto, Ontario--(Newsfile Corp. - July 15, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") is pleased to announce today the appointment of Shawn Hood, Ph.D., M.Sc., P.Geo, as Chief Technology Officer (CTO). Shawn is a designated Professional Geoscientist in Economic Geology with hands-on mineral exploration and mining experience spanning 15 years. He was most recently the Vice President of Technical Services to GoldSpot, working across project management and...
2020-07-15 5:09 PM EDT
Yamana Gold Reengages GoldSpot Discoveries for Its Cerro Moro Gold and Silver Mine in Argentina
Toronto, Ontario--(Newsfile Corp. - June 8, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") is pleased to announce that due to its recent successes at El Peñón, Yamana Gold Inc ("Yamana") has reengaged GoldSpot's team of expert geologists and data scientists to use machine learning to identify new drilling targets at the Cerro Moro Gold and Silver Mine in Argentina. Yamana has commissioned GoldSpot to examine its entire database and look for previously...
2020-06-08 8:15 AM EDT
GoldSpot Discoveries Enters into Strategic Data & Royalty Relationship with NV Gold
GoldSpot enters into a strategic data and royalty relationship with NV Gold to create a new and innovative approach for prospect generation in Nevada, one of the top mining jurisdictions in the World. NV Gold has engaged GoldSpot to fully evaluate archival databases from AngloGold and USMX. The AngloGold database includes extensive exploration data developed and built by AngloGold, encompassing nearly 30 years of work in Nevada at an estimated cost of US$15 million. The USMX database was...
2020-06-02 9:00 AM EDT
GoldSpot Discoveries Corp. Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - May 29, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") is pleased to announce that, Vincent Dubé-Bourgeois has been named as the Company's new Chief Executive Officer ("CEO"), effective immediately, while Denis Laviolette will continue in the role of President and will assume the role of Executive Chairman. Frank Holmes, the current Chair of the Board, has retired from that position. As a co-founder of the Company, Mr....
2020-05-29 7:56 AM EDT
GoldSpot Reports Three Months Ended March 31, 2020 Financial Results
Toronto, Ontario--(Newsfile Corp. - May 22, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") is pleased to announce the unaudited financial results of the Company, as at and for the three months ended March 31, 2020 (the "Financial Results"). Highlights for the three-month period ended March 31, 2020: Increased consulting revenue by 82% to $938,620 from $514,800 for the three months ended March 31, 2019; Net income of $59,437 as compared to a net loss of...
2020-05-22 4:00 PM EDT
GoldSpot Discoveries Signs Agreement with Monarch Gold
Toronto, Ontario--(Newsfile Corp. - May 8, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) ("GoldSpot" or the "Company") has been engaged by Monarch Gold Corporation (TSX: MQR) ("Monarch") following an investment from Caisse de dépôt et placement du Québec ("CDPQ") to continue to advance the Beaufor Mine located on the prolific Abitibi Greenstone Belt in the Province of Quebec. "To maximize our chances of success, we have retained the services of GoldSpot, who will assist us in selecting the...
2020-05-08 10:08 AM EDT
GoldSpot Discoveries AI-Targeted Drilling Intercepts 12.8 g/t Gold over 0.5m at Manitou Gold's Patents Property
Toronto, Ontario--(Newsfile Corp. - May 4, 2020) - GoldSpot Discoveries Corp. (TSXV: SPOT) ("GoldSpot" or the "Company") is pleased to announce that Manitou Gold Inc.'s ("Manitou") successful drill target intercepts in drill hole MTU-20-14 located on the Patents Property at the Goudreau Project in northeastern Ontario provide early confirmation of GoldSpot's machine learning (artificial intelligence) - prospectivity mapping in that area. While these results are from one hole only and there...
2020-05-04 12:07 PM EDT
GoldSpot Reports Year Ended December 31, 2019 Financial Results
[DATLINE] GoldSpot Discoveries Corp. (TSXV: SPOT) (the "Company" or "GoldSpot") is pleased to announce the audited financial results of the Company, as at and for the year ended December 31, 2019 (the "Financial Results"). Highlights for the three-month period ended December 31, 2019: Increased consulting revenue by 20% to $646,594 from $538,800 for the three months ended December 31, 2018; Net loss increased by 3% to $543,370 as compared to $530,199 for the three months ended December 31,...
2020-04-20 4:45 PM EDT