Albert Mining to Conduct a High-Resolution Helicopter-Borne Magnetic Survey on the Ashuanipi Gold Project in Quebec
TSX VENTURE: AIIM
Ottawa, Ontario / TheNewswire / July 18, 2018 - Albert Mining Inc. (the "Company" or "Albert Mining") (TSX-V: AIIM) an exploration mining company and a leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 in the mining sector, is pleased to announce the start of a high-sensitivity helicopter-borne magnetic survey on its Ashuanipi property (292 claims), located 30 km west of Schefferville along the Quebec-Labrador border in northeastern Quebec.
The purpose of the survey is to follow up on a 2013 exploration campaign that resulted in an increase of the surface extent and grades of several historical gold occurrences and the discovery of new gold mineralized zones grading 17.45 g/t Au, 12.25 g/t Au, and 8.13 g/t Au. Results from the survey will be used to identify and map the structural features controlling gold mineralization and to support the next phase of detailed exploration program. The data generated by the survey will be integrated into CARDS (Computer Aided Resources Detection System) so as to refine and prioritize a new 2D CARDS gold patterns signature that will help to focus the exploration effort.
Albert Mining selected Geo Data Solutions (GDS) Inc. of Laval, Quebec to conduct the helicopter-borne high-resolution magnetic survey over the entire 14,305 hectare Ashuanipi gold property. The survey covering both the Northern and Southern areas, will be flown at 50 metre line spacing, covering a total of 4,498 line-kilometers. The survey is expected to take 14 days and final maps (residual total magnetic field, first vertical magnetic derivative and digital elevation model maps) will be ready for review shortly after the completion of the survey. The synthesis and interpretation of the geophysical data will be performed in conjunction with a review of historical exploration results by GDS Inc. This will provide a better understanding of the distribution of the gold mineralization and generate recommendations for future exploration.
Mr. Michel Fontaine, President & CEO at Albert Mining, stated: "Upon completion of the heli-borne geophysical survey, the data collected will be supplemented with the results from the detailed rock/channel sampling and geological mapping executed initially in 2013. Our exploration and technology team will then have a uniform in modern data that will permit Albert Mining to reassess our Artificial Intelligence "CARDS" system for a better visualization and allow to generate priority exploration gold targets for the entire property".
About Albert Mining Inc. - Where Artificial Intelligence (AI) Meets Geology
Albert Mining will be using Artificial Intelligence (AI) with an extensive portfolio of gold, copper and zinc properties in Quebec. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining. This devise will help Albert Mining achieve a count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics.
For further information, please contact:
President and CEO of Albert Mining Inc.
This news release contains certain "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward-looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or are events or conditions that "will", "would", "may", "could" or "should" occur or be achieved. This news release contains forward-looking statements, pertaining to, among other things, the following: the resumption of the trading of Albert shares on the TSX Venture Exchange. Statements regarding future production, capital expenditures and development plans are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks, regulatory changes and certain other known and unknown risks detailed from time to time in Albert Mining's public disclosure documents, copies of which are available on Albert Mining's SEDAR profile at www.sedar.com.
Although Albert Mining believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance. Albert Mining's actual results may differ materially from those expressed or implied in forward-looking statements and readers should not place undue importance or reliance on the forward-looking statements. Statements including forward-looking statements are made as of the date they are given and except as required by applicable securities laws, Albert Mining disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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