PriceSensitive

GoldSpot Discoveries (TSXV:SPOT) and Canada Silver Cobalt Works (TSXV:CCW) apply machine learning to Canadian projects

Mining
TSXV:CCW
02 November 2021 14:00 (EDT)

GoldSpot Discoveries (SPOT) and Canada Silver Cobalt Works (CCW) are applying machine learning technology and geoscience expertise to projects in Quebec and Ontario.

GoldSpot Discoveries will be working in conjunction with the geotechnical team at Canada Silver Cobalt to identify additional targets near existing deposits.

GoldSpot is also working on a regional scale to identify smart targets for additional discovery.

Canada Silver Cobalt owns the Gowganda Area Property near Kirkland Lake where the Castle Mine produced 9.5 million ounces silver and 300,000 pounds of cobalt in the 1900’s.

The Castle East project is located 1.5 km east of the mine.

Canada Silver Cobalt discovered the Robinson Zone with intersections of 50,583 g/t silver over 0.6 metres in hole CS-19-08-W01.

70,380 g/t silver over 0.3 metres was found in hole CS-19-08-W02.

Canada Silver Cobalt also recently discovered high-grade gold of 24.95 g/t over 0.30 metres in hole CS-20-31.

The NI 43-101 technical report update for Castle East, Ontario, Canada was effective as of April 30, 2021, and had a signature date of May 25, 2021.

Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 square kilometre Castle Property features strong exploration upside for silver, cobalt, nickel, gold, and copper.

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.

The company works to identify new exploration targets, develop cutting-edge technologies and invest in mineral exploration companies.

GoldSpot Discoveries Corp. (SPOT) is down 3.509 per cent and is trading at $1.10 per share at 1:49 p.m. ET.

Canada Silver Cobalt Works Inc. (CCW) is down 5.556 per cent and is trading at $0.17 per share at 1:49 p.m. ET.

Related News