GoldSpot discovers new gold system at Quebec Precious Metals' Elmer East Gold Project using AI

GoldSpot Discoveries Corp. says Quebec Precious Metals Corporation has successfully discovered a new polymetallic gold rich vein system within one of GoldSpot's high priority targets at the Elmer East project located in James Bay, Quebec.

GoldSpot is a shareholder of QPM but does not own any direct interest in the underlying properties. The new discovery borders a regional-scale shear zone previously interpreted by GoldSpot, which opens new multi-kilometers of potential along strike.

The Lloyd showing consists of a 1 to 2 m thick SW-NE-trending shallow dipping oxidized quartz vein with various amount of sulphides (galena, sphalerite and chalcopyrite) over a distance of approximately 60 metres. No historical work was previously documented in the vicinity of the discovery. A total of 9 grab samples were collected from the vein, returning gold values ranging from 0.42 g/t Au to 17.75 g/t Au with an average 5.41 g/t Au (Table 1). Grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property. The Lloyd showing are among the highest gold values of the region (cf. SIGEOM database, Ministère des Ressources Naturelles du Québec "MERN"). Silver values averaged 29.2 g/t Ag. Anomalous copper, zinc and lead were also observed with zinc values of up to 7.99% Zn. The gold-bearing vein is hosted in a weakly chloritized wacke near the contact with a polygenic conglomerate of the Wabamisk formation. Another anomalous quartz vein grading at 0.33 g/t Au was sampled 400 m east of the initial discovery, demonstrating the continuity of the new gold system along the interpreted WSW-ESE-trending regional-scale shear zone.

One strength of the GoldSpot Smart approach of AI and geological methods to exploration is the ability to take large land packages and distill all available geological information to identify the most efficient and cost-effective way to explore prospective terrane. As is standard in GoldSpot's workflow, most of all available public geoscience data was compiled and synthesized for Elmer East property and surrounding areas. Structural, geological, metamorphism, hydrothermal footprint and geophysical components were all analysed through GoldSpot's proprietary AI tools to produce the final high-priority targets for field prospecting (Figure 1). 

Figure 1: GoldSpot's AI targeting results with GoldSpot's interpreted structures and mineral showings (MERN), Annabelle claims of the QPM's Elmer East project.

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As part of the mandate, GoldSpot's geologists spent one month in the field in the summer 2020 with QPM's geological team conducting a follow-up field program on the targets. This process included visiting over 400 outcrops, previously identified by GoldSpot's unique AI methods, and recording various rock types, structures, collecting grab samples and documenting a wide range of geological features, which led to the discovery of the Lloyd showing (Figure 2 and 3).

Figure 2: Aerial view of the Lloyd showing area.

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Figure 3: Mineralized samples at the Lloyd discovery. Sample B566106 grading at 13.55g/t Au (above), B566181 grading at 17.75g/t Au (below). See Table 1.

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Behind the Discovery: Refining the Search Area

GoldSpot conducted a desktop-based geological interpretation and a gold prospectivity assessment at the Elmer East project to orient the summer 2020 field exploration program. This study hinged on the digital extraction from a large collection of compiled data including assessment files, government data and academic studies which provided bedrock geology, geochemical analyses, geophysical surveys. Original data was cleaned and combined to create and optimize the data source for all human and machine learning interpretations.

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