Tickers: XTSX:AIIM, PINX:MJXFF
Tags: Mining
Ottawa, Ontario / The Newswire / December 19, 2017 - Albert Mining Inc. (the "Company" or "Albert") (TSX-V: AIIM), an exploration mining company and a leader in the use of artificial intelligence and advanced knowledge-extraction techniques in the mining sector, is pleased to announce that its technology will be used on Falco Resources Inc. ("Falco") (Venture TSX: FPC) 67,258 hectares properties in the Rouyn-Noranda region of Quebec. A fee of $90,000 will be paid to Albert for its CARDS (Computer Aided Resources Detection Software) services.
"Mrs. Claude Pilote, Senior project engineer of Falco, stated: "During the last few years, we made important progress at the Horne 5 deposit outlining a Measured Mineral Resources of 769,885 oz. AuEq (9,259,600 tonnes at 2.59 g/t AuEq, gold equivalent) and Indicated Mineral Resources of 6,731,443 oz. AuEq (81,855,200 tonnes at 2.56 g/t AuEq). With its positive feasibility study on the Horne 5 project, one of Falco's objectives is to increase these resources on its 67,258 hectares properties. We believe that the CARDS technology will make it possible for us to develop new exploration targets on our properties and focus our efforts in high potential zones."
By using its CARDS technology, Albert will assist Falco in identifying targets and possible sites with the same signature as known mineralized occurrences. Albert uses its proprietary technology to analyze geological, geophysical, and geochemical to discover the patterns hidden in the large amount of data that Falco owns.
About Albert Mining Inc. - Where Artificial Intelligence Meets Geology
Albert is a junior mining exploration and services company with an extensive portfolio of gold, copper, and diamond properties in Quebec. Albert also recently acquired all assets from DIAGNOS Inc.'s mining division, including the Computer Aided Resources Detection System ("CARDS"). Albert can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics.
For further information, please contact:
Michel Fontaine
President and CEO of Albert Mining Inc.
Telephone: 514-994-5843
Email: michel@albertmining.com
Website: www.albertmining.com
Additional information about the Corporation is available under Albert's profile on SEDAR at www.sedar.com.
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's public disclosure documents, copies of which are available on Albert's SEDAR profile at www.sedar.com.
Although Albert 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'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 disclaims any intention or obligation to publically 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.
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