Tag Archives: GoldSpot Discoveries Corp

Yamana lets GoldSpot loose on Cerro Moro exploration database

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Following recent successes at El Peñón, GoldSpot Discoveries Corp has been reengaged by Yamana Gold  to use machine learning to identify new drilling targets at the Cerro Moro gold and silver mine, in Argentina.

Yamana has commissioned GoldSpot’s team of geologists and data scientists to examine its entire database and look for previously unrecognised data trends to identify areas of potential mineralisation at depth and on a regional scale, it said. By engaging GoldSpot, Yamana seeks to minimise exploration risk and mitigate exploration and drilling costs, the company added.

“GoldSpot will use its geoscience and machine science expertise to clean, unify and analyse exploration data from Yamana’s Cerro Moro mine and produce 2D and 3D targets for the exploration program,” GoldSpot said. “GoldSpot will also deliver new geophysical, geochemical and geological products produced through the reprocessing of the satellite images and other relevant layers which will help interpretations and mineralisation models.”

Denis Laviolette, Executive Chairman and President of GoldSpot, said the new contract with Yamana validates its work, thus far. “Yamana has been an incredible supporter of GoldSpot and we are proud to be a part of their digital transformation,” he said.

GoldSpot was previously commended for its use of machine learning technology to improve exploration targeting and also contribute to the meaningful increases in mineral resource inventory at Yamana’s El Peñón mine.

Henry Marsden, Senior Vice President, Exploration, at Yamana, said in February: “The collaborative AI process undertaken with GoldSpot has allowed Yamana’s exploration team to leverage many years of multidisciplinary exploration data and is playing a significant role in the current exploration targeting process at El Peñón. We are pleased with the progress that our partnership with GoldSpot has yielded so far and look forward to continued success.”

IMDEX symposium sets the exploration scene for AME Roundup

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IMDEX recently held its fifth annual Xploration Technology Symposium in Vancouver, Canada, in which virtual reality, machine learning and new exploration technologies all received significant airtime.

The event, held on January 17, came ahead of AME’s annual Mineral Exploration Roundup, also held in Vancouver, on January 20-23. It saw 16 speakers and 160 attendees turn up.

IMDEX, which has a suite of drilling optimisation products to improve the process of identifying and extracting mineral resources globally, said the event covered multi-element data, artificial intelligence for mineral exploration and exploration instrumentation, along with a series of case studies. The focus was on improving and driving innovation in the mining industry and providing a platform to share big ideas, new technologies and new processes in exploration.

International consulting practice, SRK, had Principal Structural Geologist, Wayne Barnett, present on virtual-mixed reality, where he discussed augmented visual powers to automatically measure surface orientations and how this technology is changing best practices in data collection and analysis, IMDEX said.

Professor Bern Klein, of the University of British Columbia, meanwhile, discussed industry research to optimise value and ensure worker safety in deep underground mass mining operations.

The use of machine learning for mineral exploration in greenfield areas was discussed by GoldSpot Discoveries Corp Chief Operating Officer, Vincent Dube-Bourgeois, during the session on artificial intelligence.

Among the exploration case studies was one from Chris Gallagher, Rogue Geoscience President, a company that has been instrumental in developing several exploration technologies and geological data management systems used in the industry today, according to IMDEX.

And, Nick Payne, Global Product Manager Structural Geology at IMDEX, in his presentation ‘A New Wave of Drilling Optimisation’, discussed new technologies IMDEX COREVIBE and IMDEX XTRACTA – which, he says, offer substantial improvements in safety and productivity.