GoldSpot Discoveries Corp. is a junior software technology company that helps the mineral discovery and exploration industry. GoldSpot Discoveries Corp. is listed on the TSX Venture Exchange, with its shares trading under the symbol SPOT. Added to this, the mining technology company is listed and trades its stock on the OTCQX (the U.S. Market) under the symbol SPOFF.
The Toronto-based tech company has developed proprietary core image technology known as LithoLens. It is an automated technology that evaluates the old core pictures and forms geological algorithms to enhance the quality of the picture and collects important mining information from imagery and video data.
GoldSpot Discoveries Corp., through its software platform, extracts the geological data and utilizes machine learning logs to interpret the correlations and patterns and helps mining corporations in making decisions and modelling mineral mining and exploration projects. The proprietary software technology provides numerous mineral data solutions and technology services to natural resource mining companies, which includes:
• Image Analytics
• Resource Estimation Modelling
• Structural Geology
• White Papers
• Field Geology Services
GoldSpot Discoveries provides vertically integrated assistance to corporations from consultancy services and acquisition of mineral projects and royalty assets to machine learning-based SaaS exploration technology. GoldSpot Discoveries is involved in artificial intelligence and machine learning technology to minimize the risks and enhance the efficiency and productivity of mining corporations. The company aims to technically advance the mineral exploration process and support the metal and mining industry.
In a press release dated July 13, 2021, GoldSpot Discoveries Corp. and Canterra Minerals Corp., a Vancouver-based mining company, discovered 54 new target zones, including ten high-priority drill targets on the Wilding Gold Project, located in Newfoundland, through conventional geological methods and machine learning technology.