Artificial Intelligence

AI and machine learning help GoldSpot identify drill-ready gold targets


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(Kitco News) – GoldSpot Discoveries (TSXV: SPOT) announced today that it has identified several gold targets at Stelmine Canada’s (TSXV: STH.V) Courcy project in Quebec.

According to the company’s statement, GoldSpot was mandated by Stelmine to conduct a targeting study at its flagship project located in the eastern Opinaca basin, 100 km west of Fermont, Quebec-Labrador.

GoldSpot said it has identified 28 drill ready targets, each classified by priority, using its proprietary expertise following favourable geological modelling and gold prediction results.

GoldSpot’s Smart targeting approach used artificial intelligence (AI) combined with traditional geological expertise to update the geological and metallogenic understanding of the project and eventually identify potential targets. Six (6) high-priority targets were identified for drilling exploration. Twenty-two (22) moderate priority targets were determined and require field investigation prior to drilling.

The company noted that analytical workflow consisted of the processing diverse geoscience datasets, including aeromagnetic-electromagnetic data, ground and drill hole geological data, rock, soil and till multielement assays. The data integration having homogeneous coverage into a machine learning datacube led to a robust supervised-AI model that generated targets with a high prediction score for gold. A final post-processing ranking of the targets based on the spatial geoscience knowledge was applied to reveal favourable underexplored areas.

The Courcy project is located in the southeastern portion of the Superior Province. The Archean basement is part of the Opinaca Subprovince. The ore deposit type consists of banded iron formation-hosted massive sulfide and quartz veinlets gold mineralization. Out of the eight historic holes, two revealed visible gold intersections.

GoldSpot Discoveries is a technology services company in mineral exploration. GoldSpot is a leading team of expert scientists who merge geoscience and data science to deliver bespoke solutions that transform the mineral discovery process. In the race to make discoveries, GoldSpot produces Smart Targets and advanced geological modelling that saves times, reduces costs and provides accurate results.



Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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