Source: Junior Mining Network
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  • Ethos Gold Corp. (ECC) has engaged GoldSpot Discoveries to evaluate Toogood Project in Newfoundland
  • GoldSpot works with leading exploration and mining clients to apply cutting edge Artificial Intelligence algorithms to significantly increase the efficiency and success rates
  • The Toogood Project covers a total area of approximately 118km2 on New World Island, Newfoundland, and is comprised of several claim groups
  • Gold mineralization on the Toogood Project is hosted by a suite of Devonian felsic dykes which cross-cut the property, emplaced in the latter stages of a polyphase tectonic history
  • GoldSpot is a leading team of expert scientists who merge geoscience and data science to deliver bespoke solutions that transform the mineral discovery process.
  • Ethos Gold Corp. (ECC) is up 20 per cent trading at C$0.36 at 2:37 pm ET.

Ethos Gold (ECC) has engaged GoldSpot Discoveries (SPOT) to evaluate its Toogood Project in Newfoundland.

GoldSpot works with leading exploration and mining clients to apply cutting edge Artificial Intelligence algorithms to significantly increase the efficiency and success rate of mineral exploration across resources.

GoldSpot’s AI-based approach scales the data to match the size of the property and the data density effectively.

This allows clients to narrow down potential targets, which reduces financial risk by prioritizing the ideal locations for exploration spending.

Alex Heath, CFA, President and CEO of Ethos stated,

“GoldSpot’s track record of success using cutting edge exploration techniques complements our team’s technical strengths, which will allow us to develop high-priority drill targets for testing later this year.”

“We are thrilled to leverage our strong foothold in Newfoundland and add Ethos to our growing client roster,” said GoldSpot Discoveries Executive Chairman and President Denis Laviolette. 

The Toogood Project covers a total area of approximately 118km2 on New World Island, Newfoundland, and is comprised of the Toogood, McGrath, Virgin Arm, Deep Cove, and Fairbanks claim groups.

The project lies at the northeast extent of the Exploits Subzone (Dunnage Zone) of Central Newfoundland and is underlain mostly by the Ordovician Dunnage Melange and the Badger Belt.

The Exploits Subzone area trends 200km northeast / southwest across the island of Newfoundland, and hosts most of the significant gold deposits in the province including Marathon Gold’s Valentine Project which hosts 3.14 Moz. M&I at 1.72 g/t.

Gold mineralization on the Toogood Project is hosted by a suite of Devonian felsic dykes which cross-cut the property, emplaced in the latter stages of a polyphase tectonic history.

Gold mineralization is associated with arsenopyrite, pyrite, trace chalcopyrite, and fine-grained native gold within pervasive sericite altered rocks, and concentrated along intersections between late-stage conjugate brittle faults.

GoldSpot Discoveries Corp. 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. 

Ethos Gold, a proud member of Discovery Group, has accumulated a portfolio of district-scale projects in British Columbia, Ontario, Quebec, and Newfoundland that have large scale discovery potential.

Ethos Gold Corp. (ECC) is up 20 per cent trading at C$0.36 at 2:37 pm ET.

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