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GoldSpot Provides High Quality Targets for Pacton's Red Lake Project

Mining News - Published on Thu, 20 Feb 2020

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GoldSpot Discoveries Corp announced that Pacton Gold Inc has extended its contract with GoldSpot, AI-leaders in exploration. Pacton is currently drilling targets, some of which were delineated by GoldSpot in 2019. As a result of the extension, Pacton will continue to benefit from GoldSpot's use of machine learning analysis on available data to help target drilling and refine advanced exploration efforts on Pacton's Red Lake properties. Pacton Executive Chairman Dale Ginn said "GoldSpot continues to support Pacton Gold by providing its expertise in both conventional geoscience and advanced artificial intelligence, and we appreciate their strategy of investing in the companies they work with. Field and AI work to date has assisted greatly in prioritizing high probability targets and has enabled us to rapidly move to the drilling stage. Our geology team is looking forward to further input from GoldSpot, especially in anticipation of drill results and the upcoming field season."

GoldSpot employed several techniques to achieve success in field investigations in 2019. Some of these include:
Remote targeting of prospective areas
Remote rock-type mapping
Outcrop finding

GoldSpot employed a multi-stage approach to identifying the most prospective areas in Pacton's 143 km2 Red Lake property holdings. To optimize a short field season, GoldSpot identified areas within this large property to focus exploration activities. Great Bear's Dixie Property lies immediately to the southeast of Pacton's Main Claim block. GoldSpot focussed on finding the extension of the heavily and broadly mineralized LP Fault zone that hosts the Rimini Zone mineralization.

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Posted By : Rabi Wangkhem on Thu, 20 Feb 2020
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