|May 14, 2019|
Playfair Uses AI to Generate 11 High Priority Targets in Norway
|Playfair has successfully completed an Artificial Intelligence (AI) evaluation of a historic mining district in Norway. Albert Mining (AIIM-TSX.V) carried out the evaluation under contract to Playfair. Nineteen VMS copper-zinc exploration targets and 8 magmatic nickel-copper targets were generated. Based on very high similarity and proximity to known mineralization areas, 7 of the VMS copper-zinc targets and 4 of the magmatic nickel-copper targets are considered high priority.|
Playfair looks forward to exploring these newly generated AI targets.
The Rostvangen-Kvikne-Vakkerlien Project (RKV Project) covers 2 past-producing Besshi-type Volcanogenic Massive Sulphide (VMS) copper mines (Rostvangen and Kvikne), a nickel-copper deposit (Vakkerlien) and over 20 additional known mineral occurrences. Playfair has signed an Option and Exploration Agreement with EMX Royalty Corporation (EMX-TSX.V) to acquire a 100% interest in EMX's contiguous Rostvangen and Vakkerlien properties in South Central Norway. Together the properties cover almost 300 square kilometers in a historic mining area about 100km south of Trondheim by road.
Playfair contracted the AI evaluation to Albert Mining Inc which owns 100% of a proprietary software package called CARDS (Computer-Aided Resources Detection System), a state-of-the-art computer system used to identify areas with a high statistical similarity to known mineral deposits in the area. Albert compiled a geo-referenced database from the large existing amount of geological and geophysical data available from the Geological Survey of Norway (NGU) covering the project area.
Albert Mining generated the targets from two models, the first: a VMS Cu & Zn model that includes 39 Positive Cu & Zn Training Points (Cu & Zn above 5000 ppm) from the Kvikne & Rostvangen deposits and the second: a magmatic Ni & Cu model that includes 80 Positive Ni & Cu Training Points (Ni & Cu above 5000 ppm) from the Vakkerlien deposit.
Completion of the private placement initially announced on April 3, 2019 has been extended by 30 days.
The complete report and maps are available at http://www.playfairmining.com/s/Norway.asp.
The technical contents of this release were approved by Greg Davison, PGeo, a qualified person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD
"D. Neil Briggs"
D. Neil Briggs, Director
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