GoldSpot Discoveries Signs Service Agreement with Blue Star Gold to Apply Machine Learning Technology to Nunavut Properties | 2021-09-20 | Press Releases

Toronto, Ontario – (Newsfile Corp. – September 20, 2021) – GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) (“GoldSpot” or the “Company”), a leading technology services company leveraging machine learning to transform the mineral discovery process is pleased to announce that ‘she was hired by Blue Star Gold Corp. (TSXV: BAU) (OTC: BAUFF) (FSE: 5WP0) (“Blue Star”), to apply its proprietary machine learning technology and geoscience expertise to Blue Star properties located in Nunavut.

Blue Star is the largest title holder in the Archean High Lake Greenstone Belt, controlling a 50 km strike with over 40 high grade gold occurrences. The area includes the Ulu (16 showings), Hood River (22 showings) and Roma projects and saw approximately 100,000 meters of drilling the majority of which was on the Ulu project (Cowley, Paul, Singh, R & Giroux, Gary. 2015 Technical report on the Ulu gold property, Nunavut, Canada). The Ulu project has an estimated resource of 2.5Mt @ 7.5 g / t Au (M&I) for 605K oz Au; ~ 1.3 Mt @ 5.6g / t Au (Inf.) For 225K oz Au. (Cowley, Paul, Singh, R & Giroux, Gary. 2015. Technical report on the Ulu gold property, Nunavut, Canada). Hood River is contiguous with Ulu and contains over 20 gold showings (Cowley, Paul, Singh, R & Giroux, Gary. 2015. Technical Report on the Ulu Gold Property, Nunavut, Canada). The Hood River and Roma projects are under-explored with abundant potential for new discoveries. GoldSpot will work closely with Blue Star’s geological team and apply its proprietary machine learning approach on projects to deliver smart targets.

“Investors will continue to place particular emphasis on district-sized projects that offer the potential for multiple large-scale discoveries. We are delighted to be working with the Blue Star team and helping them define high priority areas for further exploration ”, commented GoldSpot CEO Vincent Dubé-Bourgeois. “GoldSpot will work closely with the Blue Star technical team to analyze geophysical, geochemical and geological data to provide smart targets for new drilling.”

Grant Ewing, CEO of Blue Star, said: “The extent of high grade gold showings and the presence of different styles of gold mineralization throughout our projects provide Blue Star with multiple opportunities for new discoveries and resource growth. Our high quality technical team has achieved early success with the current exploration drilling program. , with 20.8 g / t gold over 8.15 meters from a new vein system on our Ulu project. With the help of GoldSpot, the Blue Star team expects to raise more targets to be ready for drilling and increase the number of targets in our developing pipeline. “

The technical information in this press release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and reviewed and approved by Chris MacInnis, Professional Geoscientist (APGO No. 2059), a qualified person as defined by the guidelines of National Instrument 43-101.

About Blue Star Gold Corp.

Blue Star is a gold mining company focused on exploration and development in Nunavut, Canada. The Company owns the lease for the Ulu gold property, an advanced gold project and the very promising Hood River property which is contiguous to the Ulu mining lease. With the recent acquisition of the Roma Project, Blue Star now controls over 16,000 hectares of highly promising and under-explored mining properties in the High Lake Greenstone Belt, Nunavut. A significant high grade gold resource exists at the Flood Zone (Ulu Lease) deposit, and numerous high grade gold occurrences and priority targets are found in the Ulu, Hood River and Roma projects.

About GoldSpot Discoveries Corp.

GoldSpot Discoveries Corp. (TSXV: SPOT) (OTCQX: SPOFF) is a mineral exploration technology services company. GoldSpot is a leading team of expert scientists who merge geoscience and data science to deliver tailored solutions that transform the process of mineral discovery. In the race for discovery, GoldSpot produces smart targets and advanced geological modeling that save time, reduce costs, and deliver accurate results.

For more information, please contact:

Denis Laviolette

Executive Chairman and President

GoldSpot Discoveries Corp.

Phone. : 647-992-9837

Email: [email protected]

Caution regarding forward-looking information

Neither the TSX Venture Exchange (“TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained in this document. This press release contains forward-looking information that involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. . Forward-looking information contained in this press release includes, without limitation, the Company’s objectives, goals or future plans, statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from this forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, preliminary nature of metallurgical test results, delays in obtaining or failing to obtain environmental approvals or other projects, uncertainties relating to the availability and costs of necessary financing in the future, changes in stock markets, inflation, fluctuations in the prices of commodities, project development delays and other risks involved in the mining exploration and development industry, and the risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in the preparation of forward-looking information in this press release are reasonable, one should not place undue reliance on such information, which only applies as of the date of this press release. press release, and no assurance can be given as such events will occur within the timeframe disclosed or will not occur at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96894

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