Sage Gold Will Use DIAGNOS’ CARDS Artificial Intelligence Technology for Its Properties in Ontario
DIAGNOS inc. (“DIAGNOS” or the “Corporation”) (TSX VENTURE: ADK), a leader in the use of artificial intelligence (“AI”) and advanced knowledge extraction techniques, announced today, that Sage Gold will use CARDS (Computer Aided Resource Detection System), DIAGNOS Artificial Intelligence’s technology to target copper, nickel and gold on its Ontario properties, Jacobus and Onaman, and vicinity, in the Beardmore, Geraldton Beltop district, Ontario.
The outline of the agreement is as follows:
– Service fee: $125,000 CDN in cash;
– Plus $90,000 CDN worth of shares (share price to be set from the average ten days closing prices prior to delivery of the report, subject to TSX-V approval);
– Sage Gold will have the exclusive right to acquire or joint-venture properties based on DIAGNOS targets for a period of two years. After that period, DIAGNOS will be able to claim non-staked lots;
– An NSR of 2% on any discovery on new targets staked by Sage and identified by DIAGNOS report will be granted to DIAGNOS. 1% NSR can be bought back at any time for $1,000,000 CDN.
Ms Jacqueline Monfourny, Vice-President of the Natural Resources Business Unit is very pleased of the partnership between Sage Gold and DIAGNOS. “Increasingly, CARDS is regarded in the industry. CARDS is not a software program but a unique DIAGNOS owned system. Our technology allows mining companies to target high potential resource areas, enabling them to concentrate time and exploration budgets on finding the precise minerals for which they are exploring. The results are impressive; companies like Sage Gold are becoming repeat CARDS users and satisfied DIAGNOS clients.”
About DIAGNOS
DIAGNOS’ 20-person multidisciplinary team includes professionals in geophysics, geology, artificial intelligence, mathematics, as well as, remote sensing and image interpretation. DIAGNOS’ scientific team is complemented by an experienced administrative, marketing, and sales staff to support the Corporation’s expanding client base. In addition to the data mining and the predictions of the best drilling targets, the Natural Resources Business Unit acquires and sells properties and offers project management services. This horizontal integration makes DIAGNOS, the leader in its sector of industry.
For further information, please visit our Website at www.diagnos.ca. The Corporation’s objective is to develop a royalty stream by significantly enhancing and participating in the exploration success rate of mining and oil and gas companies.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts: DIAGNOS Andre Larente President 450-678-8882, ext. 24 alarente@diagnos.ca DIAGNOS Jacqueline Monfourny Vice-President – Natural Resources Business Unit 450-678-8882, ext. 35 jmonfourny@diagnos.ca
SOURCE: Diagnos Inc.
