- GoldSpot Discoveries (SPOT) has been hired by King Global Ventures to assist with its projects in Central Newfoundland
- The company will use its large, collaborative team of geoscientists and data scientists and its proprietary machine learning technology to conduct exploration work
- GoldSpot has also been granted an option to acquire a 0.5 per cent net smelter return (NSR) royalty on four of King Global’s properties for $2 million
- GoldSpot Discoveries is a technology company using artificial intelligence to revolutionize the future of global mineral exploration
- GoldSpot Discoveries (SPOT) is currently down 2.02 per cent, trading at $0.97 per share
GoldSpot Discoveries (SPOT) has been hired by King Global Ventures to assist with its projects in Central Newfoundland.
The company will use its large, collaborative team of geoscientists and data scientists and its proprietary machine learning technology to conduct exploration work on King Global’s Newfoundland projects.
Denis Laviolette, president and Executive Chairman of GoldSpot, commented,
“King’s portfolio of prospective and previously explored gold exploration projects in the Gander Gold Belt Region of Newfoundland is perfectly positioned for our team to add significant value.”
He added, “We look forward to undertaking our Smart Target program and advanced geological modelling for the portfolio as well as a MAG survey through Ridgeline, GoldSpot’s full-service field exploration firm which will provide high-caliber input for our AI solutions.”
GoldSpot has also been granted an option to acquire a 0.5 per cent net smelter return (NSR) royalty on four of King Global’s properties for $2 million.
“We are very pleased to engage the services of GoldSpot to assist in the exploration of our portfolio of gold exploration properties in Central Newfoundland,” said King Global’s CEO Robert Dzisiak. “We have forwarded our historical exploration data to GoldSpot and will undertake a MAG survey this fall.”
King Global Ventures holds 100 per cent interest in four highly prospective and previously explored gold exploration projects in the Gander Gold Belt Region of Newfoundland. King is supported by strategic investor Eric Sprott who owns approximately 11.2% of King’s common shares.
GoldSpot Discoveries 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 Discoveries (SPOT) is currently down 2.02 per cent, trading at $0.97 per share as of 2:11 pm ET.
