VANCOUVER, BC, June 9, 2021 /CNW/ - Minerva Intelligence
("Minerva" or the "Company"), an artificial
intelligence company focused on amplifying human intelligence to
support decision making, is pleased to announce the signing of a
service provision contract with Clarity Gold Corp.
("Clarity") (CSE: CLAR) (OTC: CLGCF) (FSE: 27G) for the use
of Minerva's proprietary DRIVER technology, enabling precision
drill targeting and unparalleled insights into drilling data from
Clarity's Destiny Project in the Abitibi.
"As the drill program progresses, our team has been diligently
compiling and processing the historic database on the Destiny
project which includes over 50,000m
of drilling. The DRIVER AI analysis will enable our team to further
unlock value of this extensive dataset as we continue advancing the
Destiny Project," said James Rogers,
Clarity's CEO.
Minerva can deliver insights by using their DRIVER software to
identify multi-element zones in drilling data which are too time
consuming and complicated to identify by conventional means. DRIVER
then can associate these zones with relevant lithologies and
structures and express this knowledge of identified exploration
vectors extracted from exploration data in a form that enables
computer reasoning. This will allow Clarity Gold to precisely
target their drilling program, potentially saving hundreds of
thousands of dollars with an optimized drill plan.
Minerva's cognitive reasoning platform then extends its AI work
by comparing the identified vectors to hundreds of past and present
mines throughout the world, shortlisting those most similar to
Clarity's targets, which can then serve as reliable, explainable
models upon which geologists can build their drilling
strategies.
"This contract with Clarity is a testament to the effectiveness
of our AI technology in the domain of mineral prospecting," said
Scott Tillman, CEO of Minerva
Intelligence. "Clarity is very confident in our DRIVER technology
after conducting due diligence on our past projects, and Minerva is
looking forward to quickly delivering valuable insights into the
Destiny Project drilling data."
More information about DRIVER can be found at
www.minervaintelligence.com/DRIVER.
About Minerva Intelligence, Inc.
Minerva Intelligence Inc. is a knowledge engineering company
based in Vancouver, Canada, with a
subsidiary office in Darmstadt, Germany. Their proprietary evidence-based
decision-making software is bringing the benefits of artificial
intelligence technology to industries dependent on reasoning with
complex technical and scientific data.
Although Minerva's applications currently focus on earth
science-related domains including climate risk and mineral
exploration, their technology has application in diverse industries
and domains. Minerva's common shares are currently listed on the
TSX Venture (symbol: MVAI).
For further details, please refer to their website
www.minervaintelligence.com.
About Clarity
Clarity Gold Corp. is a Canadian mineral exploration company
focused on the acquisition, exploration and development of gold
projects in Canada. The Company
has entered into an option agreement to purchase 100% of the
Destiny Project, Clarity's flagship asset, a gold-focused project
in the mineral rich Abitibi region in Quebec. The Company is based in Vancouver, British Columbia, and is listed on
the CSE under the symbol "CLAR". To learn more about Clarity Gold
Corp. and its projects please visit www.claritygoldcorp.com.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The
securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "U.S.
Securities Act"), or any state securities laws and may not be
offered or sold within the United
States or to, or for the account or benefit of, "U.S.
persons," as such term is defined in Regulation S under the U.S.
Securities Act, unless an exemption from such registration is
available.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION:
This news release contains forward-looking statements. All
statements, other than statements of historical fact that address
activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future are
forward-looking statements. Forward-looking statements in this news
release include statements regarding: that the first drilling will
confirm historic drilling results and provide continuous assays
across the mineralized zone where previous drilling only sampled
specific intervals; that the drilling will extend mineralization to
depth in the DAC zone and along the Gap and Darla Zones; and that
the Company will complete the planned initial 10,000m drilling program.
The forward-looking statements reflect management's current
expectations based on information currently available and are
subject to a number of risks and uncertainties that may cause
outcomes to differ materially from those discussed in the
forward-looking statements including: that the drilling may not go
as planned or start when expected; that the Company may experience
difficulties in drilling and carrying out related work; changing
costs for mining and processing; increased capital costs; the
timing and content of upcoming work programs; geological
interpretations based on drilling that may change with more
detailed information; the risk that the Company may lose access to
the property; the risks that the Company may not find any minerals
in commercially feasible quantities; that the Company may not raise
enough money to fund its exploration plans; uncertainty of
development plans and cost estimates; commodity price fluctuations;
political or economic instability and regulatory changes; currency
fluctuations; the state of the capital markets; uncertainty in the
measurement of mineral reserves and resource estimates; the
Company's ability to attract and retain qualified personnel and
management; potential labour unrest; uncertainty as to reclamation
and closure requirements for its mineral properties; unpredictable
risks and hazards related to the exploration and development and
operation of a mine or mineral property that are beyond the
Company's control; and other risks and uncertainties identified
under the heading "Risk Factors" in the Company's continuous
disclosure documents filed on SEDAR. Although the Company believes
that the assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and, accordingly, undue reliance should not be put on
such statements due to their inherent uncertainty. Factors that
could cause actual results or events to differ materially from
current expectations include general market conditions and other
factors beyond the control of the Company. The Company expressly
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required by applicable
law.
The Canadian Securities Exchange (operated by CNSX Markets
Inc.) has neither approved nor disapproved of the contents of this
press release.
SOURCE Minerva Intelligence Inc.
