THE PROCESS:

GoldSpot Discoveries’ Exploration’s mandate is to use robust datasets & machine learning to generate prospectivity maps for the use of staking.

The exploration process involves:

  • 1.)

    Reviewing the literature on the study area and the selected mineral system(s);

  • 2.)

    Extracting and refining the available data;

  • 3.)

    The creation of accurate and sophisticated geological, structural and mineralization models;

  • 4.)

    Determining which geological and geophysical information that best represent (directly or indirectly) gold and mineral deposits (e.g. geostatistical analysis, exploration vectors, and mineralization models);

  • 5.)

    Locating areas favorable for gold and mineral deposits using Goldspot Unbias Machine Learning Algorithm GUMLA;

  • 6.)

    Identifying targets and validating them.

THE END-RESULT IS A CIRCULAR WORKFLOW THAT PROVIDES A COST-EFFECTIVE AND EFFICIENT DATA PROCESSING AND TARGET-GENERATION ROUTINE:

GoldSpot Exploration is the future of prospecting and land banking – to date 9,078 of highly prospective hectares have been staked which will be explored this year.

GoldSpot is driving our brand into a JV/Option model where we can stake prospective ground and partner with well-financed groups to explore and develop. Issuers will no longer be optioning claims, they will be optioning GoldSpots.

Projects:

Duparquet

The Duparquet claims are located along the Porcupine-Destor Deformation Zone (PDDZ), recognized as the major structure of the area. The PDDZ is described as a regionally extensive fault, ~150 meters wide and more than 450 kilometers long. The property is located along a major intrusion and known faults.

The large greenstone hosted quartz-carbonate vein deposits in the Abitibi are commonly associated with fluvio-alluvial conglomerate distributed along major crustal fault zones, i.e. the Destor-Porcupine Fault.

Over 61 million ounces of gold have been produced from Archean vein deposits in the Porcupine Gold Camp in the Abitibi greenstone belt at Timmins, Ontario, just across the border to the west. Most gold deposits and mines at Timmins were discovered by conventional prospecting and shallow drilling in areas of outcrop and shallow overburden in the first half of the 20th century.

In the Duparquet region, Goldspot Discoveries owns 187 claims covering 10,575 hectares.

Taschereau

The Taschereau claims lies within the Abitibi subprovince of the Superior geologic province of the Archean age Canadian Shield. The claims are located roughly east-west alignment, between Val d’Or, Quebec and Timmins, Ontario.

The claims are located just west of RNC’s Dumont Nickel Project, one of the world’s largest undeveloped and permitted nickel sulphide deposits. When in production, it is expected to be the fifth-largest nickel sulphide operation in the World. The Dumont deposit contains 6.9 billion pounds of nickel reserves (1,177 million tonnes at 0.27% nickel) and 9.75 billion pounds of nickel M&I resources (1.7 billion tonnes at 0.27% nickel).

Immediately south is Beaufield Resource’s advanced stage Launay gold property. The project hosts a gold mineralized shear zone traced over a 3-kilometer trend. Launay has seen 274 holes drilled for 44,000 meters to date, including intercepts: 0.5m @ 6.2 g/t; 12m @ 4.9 g/t; 18.4m @ 2.5 g/t; and 13.4m @ 3.9 g/t.

In the Taschereau region, Goldspot Discoveries currently owns 60 claims covering 3,845 hectares.

Senneterre

The Senneterre claims are located west of Senneterre and northeast of Val d’Or. The property is underlain by Archean bimodal volcanic sequences intensely altered and strained. Past drilling and trenching in the area has intersected close-to-surface lode gold veins in felsic lavas that yielded up to 26 g/t Au Au over 1.5 metres.

In the Senneterre region, Goldspot Discoveries currently owns 56 claims covering 3,598 hectares.