DRIVER Software Accurately Reproduces Lone Star Gold Deposit Model 20x Faster Than Conventional Methods

Rhea-AI Summary

Minerva Intelligence Inc. announced positive results from a case study using its DRIVER software in collaboration with Klondike Gold Corp. for the Lone Star Gold Project in Yukon, Canada. DRIVER was able to recreate an enriched gold model and 35 additional elements in just one day, compared to three weeks with traditional methods. The study strengthened confidence in gold distribution and assisted in targeting higher grades. Additionally, Minerva launched a new DRIVER website featuring the case study, documentation, and resources for users.

Positive

• DRIVER software success in modeling gold deposits significantly faster than conventional methods.
• Strengthened confidence in gold distribution at the Lone Star Zone.
• Launch of the new DRIVER website offers enhanced resources and information.

Negative

• None.

VANCOUVER, BC, Sept. 28, 2022 /PRNewswire/ - Minerva Intelligence Inc. (TSXV: MVAI) (OTCQB: MVAIF) ("Minerva" or the "Company") an artificial intelligence software company focused on building decision support tools for climate risk, mineral exploration and mining is pleased to share DRIVER results from a case study with Klondike Gold Corp. ("Klondike Gold") on its Klondike District Gold Project, located in the Dawson Mining District in Yukon, Canada, with a focus on the Lone Star Zone which is the site of the original Lone Star Mine (1912-1914). 

Klondike Gold evaluated Minerva's DRIVER software with data from the Lone Star Gold Deposit and was extremely impressed with the results. The study compared gold models autonomously created by DRIVER to existing block models of gold in the Lone Star Zone generated using conventional orebody modelling techniques. The results showed that Minerva's DRIVER software was able to successfully recreate the enriched gold model along with the 35 other elements within the datasets in a single day rather than approximately three weeks.

"The close agreement between DRIVER's model extents and anisotropy with that of the manually created block model strengthens the confidence of the gold distribution at the Lone Star Zone. This program was successful in helping us target higher grades within the known resource areas and to guide us for new discoveries."  stated Peter Tallman, President, CEO & Director of Klondike Gold Corp.

"This study further validates DRIVER as an indispensable tool that can help confirm and expedite the modelling of 3D geochemistry and enable our clients to spend more time evaluating models rather than generating them. Our clients are able to use DRIVER to create 3D block models of all the elements in their assay suite, allowing them to gain a better understanding of their deposit for the purposes of mine planning and exploration vectoring." said Scott Tillman, CEO & Director of Minerva.

Minerva is also pleased to announce the launch of its new DRIVER website, which features the Klondike Gold case study along with software documentation, tips and tricks, and more information of how to get the most out of using DRIVER.

Visit DRIVER's new website here:  https://driver.rocks/

About Minerva Intelligence Inc.  

Minerva Intelligence Inc. is a software development company based in Vancouver, Canada focused on building technology to empower organizations to make defensible decisions in the face of climate change.  

Minerva's proprietary technology has initially been applied to the search for critical metals and the assessment of physical climate risk, however, it can be utilized in diverse industries and domains.  Minerva's common shares are currently listed on the TSX Venture Exchange (symbol MVAI).  For further details, please visit our website www.minervaintelligence.com or follow us on Twitter or LinkedIn.  

Cautionary Note Regarding Forward-Looking Statements   

Forward Looking Information: This news release includes certain information that may be deemed "forward-looking information". Forward-looking information can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. All information in this release, other than information of historical facts, including, without limitation, statements with respect to the business strategy and objectives of the Company are forward-looking information that involve various risks and uncertainties. Although the Company believes that the expectations expressed in such forward-looking information are based on reasonable assumptions, such expectations are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Forward-looking information is based on a number of material factors and assumptions. Factors that could cause actual results to differ materially from the forward-looking information include changes in project parameters

as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, regulatory changes, delays in receiving approvals, and other risks detailed herein and from time to time in the filings made by the Company with securities regulatory authorities in Canada. Mineral exploration and development of mines is an inherently risky business. Accordingly, actual events may differ materially from those projected in the forward-looking information. For more information on the Company and the risks and challenges of our business, investors should review our continuous disclosure filings which are available at www.sedar.com. Readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.   

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. 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 press release.  

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SOURCE Minerva Intelligence Inc.

FAQ

What were the results of Minerva Intelligence's DRIVER software case study with Klondike Gold Corp.?

The DRIVER software accurately recreated the gold model and 35 other elements in one day, proving significantly faster than conventional methods.

How much faster is DRIVER compared to traditional modeling techniques?

DRIVER completed the modeling in one day, while traditional methods took approximately three weeks.

When was the press release regarding Minerva Intelligence's DRIVER software released?

The press release was issued on September 28, 2022.

What is the significance of the DRIVER software in mineral exploration?

DRIVER helps confirm and expedite 3D geochemical modeling, allowing clients to focus on evaluating mining models and exploring new resource areas.

Where can I find more information about the DRIVER software?

More information, including the Klondike Gold case study, can be found on the newly launched DRIVER website at https://driver.rocks.