Toronto, Ontario--(Newsfile Corp. - June 23, 2022) - GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) ("GoldSpot" or the "Company"), a leading technology company leveraging artificial intelligence and data science to transform the mineral discovery process, is pleased to announce it has been engaged by Mosaic Minerals Corp. (CSE: MOC) ("Mosaic Minerals") to apply its proprietary machine learning and geoscience expertise at the Gaboury Project in Témiscamingue, Québec.
Mosaic Minerals holds 6,064 hectares located approximately 150 km SW of the Rouyn-Noranda mining camp and 11 km East of the former Loraine Mine. The Gaboury project is a nickel-rich ultramafic intrusive, that potentially stretches over 9 km. GoldSpot will provide traditional regional targeting, 3D modelling, prospectivity mapping and Smart Targets for drilling using traditional and machine learning-assisted methods for these critical metals project.
Nickel has been primarily used in stainless steel production in the past but is now being used as one of the primary components in lithium-ion batteries.
"GoldSpot is resource agnostic. We work in battery metals, base metals, silver, gold and diamonds among many other commodities," Vincent Dubé-Bourgeois, CEO of GoldSpot commented. "Many people don't realize that our proprietary methods can be applied across a broad range of mineralization types and commodities. The Gaboury Project is a great example of this. They have a highly prospective Nickel corridor that we will be applying our machine learning and traditional geoscience for Smart Targeting. I'm excited to be working with Mosaic Minerals and look forward to the outcomes of this project."
"We are happy to work with GoldSpot Discoveries, a promising young Canadian company that brings an important technological aspect to our industry. We believe they can help us better conceptualize the potential of our flagship Gaboury property," concluded Jonathan Hamel, Mosaic Minerals President and CEO.
About GoldSpot Discoveries Corp.
GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) is a technology company using artificial intelligence to revolutionize the future of global mineral exploration with a full suite of data and knowledge-driven SaaS tools and services. GoldSpot works with industry leaders across all commodities and deposit types to identify new exploration targets, develop cutting-edge technologies and to strategically invest in mineral exploration companies. Our leading team of expert scientists merge geoscience and data science to deliver bespoke solutions that save time, reduce costs and produce far more accurate results than ever before possible.
For further information please contact:
Vincent Dubé-Bourgeois
CEO and Director
GoldSpot Discoveries Corp
Tel: 819-592-1195
Email: investors@goldspot.ca
About Mosaic Minerals Corp.
Mosaic Minerals Corp. is a Canadian mining exploration company listed on the Canadian Securities Exchange (CSE: MOC) focusing on the exploration of strategic minerals in the territory of the province of Quebec.
Cautionary Statement on Forward-Looking Information
Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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