Gold’n Futures Announces Engagement of GoldSpot Discoveries for Its Hercules Gold Project in Northern Ontario
16 September 2021 - 2:55PM
GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M), (OTC:
GFTRF) (the "
Company” or “
Gold’n
Futures”) is pleased to announce that it has entered into
an engagement with
GoldSpot Discoveries Corp.
(TSXV: SPOT) (OTCQX: SPOFF) (“
GoldSpot”). GoldSpot
is increasingly recognized for its unique approach to mineral
exploration and works with leading exploration and mining clients
across all commodities and deposit types. GoldSpot uses
cutting-edge artificial intelligence and geoscientific expertise to
mitigate exploration risks and significantly increase the
efficiency and success rate of mineral exploration across
resources.
Gold’n Futures’ President, Stephen Wilkinson,
commented, “GoldSpot is a relatively new company that has already
had significant impacts on the exploration programs of its junior
and large cap explorer clients. Companies such as New Found Gold
Corp. and Critical Elements Lithium Corporation have benefitted
from the application of GoldSpot’s cutting-edge technology and
geoscientific expertise. We are highly confident that Gold’n
Futures’ Hercules exploration program can also be exceptionally
successful with new high-grade targets.”
Under its engagement, GoldSpot will complete
property-wide, high-definition airborne geophysical surveys while
conducting a comprehensive four phase program:
Phase 1: Site Visits and Geophysical
Surveys
Site visits allow
GoldSpot geologists to speak and interact closely with the site
geologists to better understand the regional geology and
mineralization environment. Airborne geophysical surveys will
consist of GoldSpot’s M-PASS platform of a triaxial magnetic
gradient magnetic/VLF platform. The surveys will cover the entire
109 square kilometres of Hercules Property, flying approximately
1,200 line-km with 100-metre line spacing.
Phase 2: Data Treatment and Geological
Modeling
Using the raw data
and the knowledge gained from Phase 1, GoldSpot will (as
needed):
- Update geological maps;
- Identify of exploration vectors;
- Normalize and standardize of input data;
- Reprocess geophysics data, generally including generation of
new interpretations;
- Produce geological models (e.g., lithology, alteration,
oxidation, overburden profiles, etc.); and
- Prepare statistical analysis of preferential orientations for
relevant data (e.g., mineral and geochemical occurrences).
Phase 3: Conventional and Machine
Learning Target Generation
GoldSpot will address
two types of target delineation:
- Conventional Targets - Internally the project geologists and
geophysicists will examine data in a traditional fashion and
delineate targets they feel are the most prospective, based on
their understanding of the data and the mineralization of the
region.
- Machine Learning Targets – Concurrent to the production of the
conventional targets, GoldSpot’s machine learning experts will
begin to produce drill targets based on the machine learning
algorithms. These are made independently with no knowledge of the
conventional targets prior to their generation.
Phase 4: Final Target Generation and
Presentation
GoldSpot will author
the final presentation and deliver all the data produced during the
length of the project. These deliverables include:
- The newly cleaned and recoded database, e.g., of drilling
data;
- Geological maps;
- Lithological and mineralization models;
- Reprocessed geophysics layers and interpretations;
- Structural interpretations and models;
- Exploration target areas;
- A recommended exploration plan;
- A final presentation, detailing work to produce the
aforementioned products;
- Any other derivative products created during the course of
work.
As a team, the geologists, geophysicists and
data scientists at GoldSpot will come together with all their
independently generated targets. The GoldSpot team’s expertise
includes structural geology, resource geology, geophysics,
geological mapping and geostatistics with decades of combined
experience between them. Together, this team is expected to put
together the highest priority targets for exploration and drilling
and present these to Gold’n Futures.
About GoldSpot Discoveries
Corp.
GoldSpot Discoveries Corp. (TSXV: SPOT; OTCQX:
SPOFF) 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 time, reduces costs and provides
accurate results.
About Gold’n Futures Mineral
Corp.
Gold’n Futures Mineral Corp. (CSE: FUTR) (FSE:
G6M) (OTC: GFTRF) is a Canadian based exploration company focused
on advancing its Hercules gold project. The Hercules project is
located 200 kilometres northeast of Thunder Bay, Ont., in the
townships of Elmhirst and Rickaby, within the Thunder Bay North
Mining District. The project is in the heart of the Beardmore –
Geraldton gold mining camp, the 4th largest gold camp in Canada and
is 40 km west of the Hardrock-Greenstone gold mine development. The
property lies within an Archean greenstone belt that extends from
the Longlac area in the east to Lake Nipigon in the west, a
distance of about 130 kilometres and consists of 475 contiguous
claim cells (10,052 ha). From the historical work completed on the
property, the Company has built an extensive database including
reconnaissance grab samples; channel samples; a variety of
geophysical surveys; and, a drill hole database that includes
historical drilling totalling in the order of 537 holes. With
surface grab samples grading up to 10,374 g/t gold and channel
samples up to 32.96 g/t gold across 11.6 metres, the Hercules gold
zones offer top tier targets for the expansion of its historical
resources.
Qualified Person
The scientific and technical content of this
press release has been prepared, reviewed and approved by Mr.
Walter Hanych, P. Geo., who is a Qualified Person under NI 43-101
regulations and is a director of the Company.
For more information, please visit our website
at: www.goldnfuturesmineralcorp.com
On behalf of the Board of
Directors For further information
Stephen Wilkinson, President and CEOEmail:
contact@goldnfutures.com
The Canadian Securities Exchange accepts
no responsibility for the adequacy or accuracy of this
release.
This news release may contain forward-looking
statements based on assumptions and judgments of management
regarding future events or results and includes references to
closing of the Offering, CSE approval, use of proceeds and tax
treatment of the FT Units. Such statements are subject to a variety
of risks and uncertainties which could cause actual events or
results to differ materially from those reflected in the
forward-looking statements. There is no assurance the forward
looking statements will occur or occur on the terms stated above.
The Company disclaims any intention or obligation to revise or
update such statements.
EarthLabs (TSXV:SPOT)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
EarthLabs (TSXV:SPOT)
Historical Stock Chart
Von Jan 2024 bis Jan 2025