Ottawa, Ontario / The Newswire / September 12, 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 that Falco Resources published on September 10, 2018 a number of new gold showings discovered through use of Albert Mining's AI Technology in the Rouyn Noranda Mining camp.
In December 2017, Falco appointed Albert Mining Inc., to analyze historical data in the Rouyn-Noranda mining camp using their pattern recognition algorithms ("CARDS"). The AI software learned the signatures of positive and negative gold and base metals targets and identified new targets with a high discovery potential. Fifty anomalies in gold (15), copper (13), zinc (11) and silver (11) were identified. These anomalies were grouped into 11 exploration areas.
A field investigation and sampling campaign occurred during the summer of 2018 by Falco, targeting the sectors of interest identified by CARDS (Computer Aided Resources Detection system) and by the IP anomalies. Of the eleven identified areas, four have now been investigated. Multiple samples returned anomalous gold values (figure 1).
One of the most interesting area is the Four Corners property where a new showing was identified near a CARDS target and following field work. A grab sample, composed of felsic volcanic rock strongly hematized with quartz veinlets and 1-3% pyrite, returned 9.53 g/t Au. From eight additional samples collected on the same 5 metre x 10 metre outcrop, seven samples returned grades over 1g/t Au (ranging from 0.11 g/t Au and 5.07 g/t Au, figure 2). At about 100 metres to the NNE in extension of this outcrop, similar rock returned 1.04 g/t Au suggesting continuity of the mineralisation.
Additional field work also occurred on the Four Corners Dubuisson property, located less than 4km to the SW of the former Four Corners new showing, along a known regional structure. Grab samples, returning 12.79 g/t Au and 3.10 g/t Au (figure 2) were collected from an angular mineralized block. The angular shape and size (about 1.5m) of the block may indicate close proximity of the source.
These results, on both properties, have highlighted a NE-SW structural corridor of great interest for gold. Field exploration work continues along strike between these two new surface showings. Channel sampling of the Four Corners showing is in progress on the surface already exposed. Mechanical stripping, mapping and more channel sampling are planned in the next weeks after receiving the permit. The work will allow a better geological and structural understanding of the gold distribution and controls. The excellent results on our greenfield properties are very exciting and promising as they are located in zones of very little historical work and without existing showings. The zones remain open in all direction. Although the focus will be on the Four Corners sector, the field work program will continue on other CARDS targets over the next weeks. The Company is very confident on finding other showings based on the initial success of the methodology and work program to date.
Mr. Michel Fontaine, President & CEO at Albert Mining, stated: "If you want to save time and money, you should use our CARDS system. Since 2005, more than 17 discoveries were done by our clients. Our rate of success is more than 70%. AI will never replace geologists; CARDS is just another tool to help them in their targeting. Congratulations to the Falco team".
Falco Resources Ltd. is one of the largest mineral claim holders in the Province of Quebec, with extensive land holdings in the Abitibi Greenstone Belt. Falco owns about 67,000 hectares of land in the Rouyn-Noranda mining camp, which represents approximately 70% of the entire camp and includes 13 former gold and base metal mine sites.
About Albert Mining Inc. - Powered by Artificial Intelligence (AI) since 2005
Albert is a junior mining exploration company using Artificial Intelligence (AI) with an extensive portfolio of gold, copper and zinc properties in Quebec. Albert can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.