Augustus Minerals (ASX:AUG) Announces AI Defines 18 New Gold Targets at Music Well
AI Defines 18 New Gold Targets
Augustus Minerals (ASX:AUG) announced that artificial intelligence (AI) algorithms have identified 18 new gold targets at the Music Well project. SensOre consultants applied AI and machine learning (ML) techniques, integrating geological, geochemical, and geophysical data to generate predictive gold discovery models.
AI Enhanced Exploration
SensOre’s AI models targeted areas with minimal outcrop or under cover, utilizing a data cube containing 1.44 million cells and 1,618 variables. The study demonstrated that machine learning algorithms could predict gold potentials exceeding one million ounces with high accuracy.
Study Results
Among the 18 targets, Target 1 emerged as the highest priority with an 8km strike length. No historic drilling has been conducted at these sites, highlighting the underexplored nature of the Music Well project.
Executive Comments
Andrew Ford, GM Exploration, stated, “The work by SensOre has focussed our attention from areas of outcrop towards regional targets obscured by cover. Applying AI has enabled rapid prioritization of multiple targets, reflecting the robust nature of our targeting process.”
Next Steps
Geological mapping and sampling over the new targets are scheduled for the next two weeks. Rock chip sampling results from January are expected shortly to further advance exploration efforts.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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