- GoldSpot Discoveries (SPOT) has announced it will assist with Nevada King Gold (NKG) on drill targeting at Nevada King's Battle Mountain Trend in Nevada
- The company will use its proprietary machine learning technology and geoscience skills
- The techniques haven't been used before on this kind of project
- Nevada King Gold has added land holdings of over 163860 acres along the Battle Mountain Trend over a 5 year period
- Shares of GoldSpot were up 6.25 per cent to C$0.04 as of 1:47 p.m. EDT
- Meanwhile, Nevada King Gold's shares rose 1.05 per cent to C$0.48 as of 11:32 a.m. EDT
GoldSpot Discoveries (SPOT) announced it will assist with Nevada King Gold (NKG) on drill targeting at Nevada King's Battle Mountain Trend in Nevada.
The Battle Mountain Trend is one of the most prolific gold trends in the world, while Nevada King Gold is the fasted-growing mineral claim holder in the U.S.
Nevada King Gold has added land holdings of over 163,860 acres along the Battle Mountain Trend to its portfolio over the last five years.
GoldSpot Discoveries will use its proprietary machine learning technology and expertise in geosciences to analyze large data sets to help develop refined targets, including large Carlin-type deposits.
"Nevada King provides us with a unique opportunity to apply our technology on a large and strategic property package along the Battle Mountain Trend. Past exploration efforts along this trend have yielded several very significant discoveries, and new insights into exploring for large targets at depth have emerged from this work," Denis Laviolette, chairman and president of GoldSpot, said in a release.
Laviolette added that the company will work in tandem with Nevada King Gold's technical team to analyze the geological, geochemical and geophysical data in order to provide smart targets for additional drilling.
"We are very excited to partner with GoldSpot and to work with their highly experienced and capable team and to bring to bear their unique machine learning capabilities to unlock ideas that will further our goal of making the next major gold discovery in Nevada," Collin Kettell, CEO of Nevada King, said in the joint statement.
Additionally, GoldSpot will help outline targets that are ready for drilling high-grade gold and silver mineralization in addition to identifying prospective areas within the region.
GoldSpot Discoveries is a technology services company and has a robust team of experts who merge geoscience and data to deliver solutions that will transform mineral discovery.
Nevada King is the fourth largest mineral claim holder in Nevada in addition to holding the title of the fastest-growing mineral claim holder in the U.S. Nevada King owns a 100 per cent interest in the Atlanta Mine in addition to the Iron Port Vanadium Project.
Shares of GoldSpot were up 6.25 per cent to C$0.04 as of 1:47 p.m. EDT.
Meanwhile, Nevada King Gold's shares rose 1.05 per cent to C$0.48 as of 11:32 a.m. EDT.