GoldSpot Discoveries and Vale to Use Artificial Intelligence at Coleman Mine

Toronto, Ontario--(Newsfile Corp. - October 24, 2019) - GoldSpot Discoveries Corp. (TSXV: SPOT) ("GoldSpot") is pleased to announce that its team of expert geologists and data scientists has been engaged by Vale Canada Limited ("Vale") to use machine learning to identify new drilling targets at Coleman Mine, part of its flagship base metals operations located in Sudbury, Ontario.

With the tremendous amount of data Vale has acquired over multiple decades of mining at Coleman, Vale has commissioned GoldSpot to examine the entire database and look for previously unrecognised data trends which may point to unknown areas of mineralization at depth. Deep mine exploration and drilling can be costly. By employing GoldSpot to deploy machine learning into near-mine mineral exploration, Vale will work to minimize exploration risk.

GoldSpot will use its geoscience and machine science expertise to clean, unify and analyse exploration data from Vale's Coleman Mine and produce 3D targets for the exploration program. GoldSpot will also deliver new geophysical products produced through the reprocessing of the borehole EM for sulphide detection and new simplified lithological interpretations and models.

"Vale is one of the world's largest nickel producers and the Coleman Mine is a major operation in Ontario. To be part of the digital transformation of one of the world's leading diversified miners is an incredible opportunity for our company. At GoldSpot, we are excited to put our technology and team into action on a copper, nickel and precious metals deposit," said Denis Laviolette, CEO and President of GoldSpot.

About GoldSpot Discoveries Corp.

GoldSpot is a technology company that leverages machine learning to reduce capital risk, while working to increase efficiencies and success rates in resource exploration and investment. GoldSpot combines proprietary technology with traditional domain expertise, offering a front-to-back service solution to its partners. GoldSpot's solutions target big data problems, making full use of historically unutilized data to better comprehend resource property potential. GoldSpot has developed a monetization strategy into multiple verticals of the mining and investment industry, including service offerings, staking and royalty acquisition, and the development of its own artificial-intelligence-driven trading platform.

For further information please contact:

Denis Laviolette, President, CEO and Director

GoldSpot Discoveries Corp.

Tel: 647-992-9837

Email: denis@GoldSpot.ca

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49092

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 27782.00 0.01%
S&P 500 3096.63 0.08%
NASDAQ 8479.02 0.04%
TSX 16972.18 0.08%
TSX-V 527.15 0.00%

Resource Commodities

Name Last Change
Gold 1467.97 0.06%
Silver 17.01 0.18%
Copper 2.62 2.622
Platinum 901.00 0.67%
Oil 56.77 0.62%
Natural Gas 2.65 1.78%
Uranium 25.03 0.32%

@RSDigest ON TWITTER