MacDonald Mines' SPJ Gold Property, located approximately 40 km east of
The SPJ Property is an extensive land package that lies in a tectonically complex area with distinct regions of different tectonic signatures. The latest significant episode that affected the southern region of the property was the Grenville Orogeny that post-dated mineralization and resulted in a distinctive structural and metamorphic overprint on some regions of the property. GoldSpot treated data from these regions separately.
Targeting at the SPJ Property
GoldSpot applied geoscientific interpretations of available data to generate a new structural map and stress model as well as new insights into the property's geochemical make-up. These data were also prepared and introduced to GoldSpot's SmartMine machine learning targeting algorithms. GoldSpot then integrated the SmartMine outputs and the new structural and geochemical insights to generate 53 targets from which five Exploration Areas were identified.
The 53 targets were then prioritized and provided to the MacDonald Mines team. Five areas of highest priority were identified; three of which (Glade, Alwyn and McLeod trends) support and help to refine and/or expand on targets already highlighted by the MacDonald Mines team, two of the priority targets (Scadding Trend and Pine) are new. This combination of known and new targets demonstrates the effective and robust outcomes of the GoldSpot approach.
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Contact:
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Email: investors@goldspot.ca
Cautionary Statement on Forward-Looking Information
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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