Barton and SensOre roll out the AI in mega gold hunt across the great Grawler Craton
Link copied to
Barton Gold has formed a strategic Gawler R&D partnership with SensOre to adapt and refine its AI and machine learning tech.
The idea is to trial Discriminant Predictive Targeting (DPT) for gold and copper mineralisation over 60,000km2 of the central Gawler Craton surrounding the company’s tenements.
Barton Gold (ASX:BGD) will then test and validate targets predicted by the DPT module.
The company has a total attributable ~1.1Moz Au JORC Mineral Resources endowment (28.68Mt at 1.2 g/t Au), a pipeline of advanced exploration projects and brownfield mines – including the Tacoola and Tunkillia projects – and 100% ownership of the only regional gold mill in the central Gawler Craton region.
And partnering with SensOre will provide the company with a strategic advantage in the region, MD Alexander Scanlon says.
“SensOre is on the cutting edge of new mineral exploration technologies and is a standout leader in its field,” he said.
“With strong foundations in practical applications, they are an ideal partner for Barton.
“Successful trials will further strengthen Barton’s regional strategic advantage with exclusive rights to the DPT technology for gold and copper over ~15% of the Gawler Craton, as we accelerate and consolidate a major new gold district.”
SensOre’s novel DPT system analyses thousands of layers and billions of points of geological data, and predicts target patterns within the data – essentially seeking a ‘fingerprint’ of mineral deposits utilising big data.
By adapting the DPT to the central Gawler Craton of South Australia, the hope is that the successful utilisation of AI and ML to ‘see between’ data layers and ‘defeat’ the traditional challenge of surface cover would be “exceptionally impactful to regional mineral development,” Barton says.
”We are excited to join with a leading South Australian innovation-driven gold explorer to demonstrate the tremendous upside potential that machine learning can bring to exploration,” SensOre CEO Richard Taylor said.
“Barton’s existing platform of 1.1Moz Au in a richly mineralised domain and ownership of the region’s only gold mill provides an excellent platform for a large-scale discovery and a proof of concept for our DPT engine and its commercial benefits.”
Under the R&D Partnership, Barton will contribute $45,000 to the development of Phase I regional prospectivity mapping, and up to a further $350,000 to Phase II development of DPT applied to the target area.
And the company will also be entitled to 10 year’s exclusive use of the South Australian DPT module for gold and copper within an initial ~60,000km2 area – during which time SensOre will also not compete with Barton to acquire gold or copper targets therein.
In addition, and subject to the successful production of gold and/or copper mineralisation at new targets predicted by the DPT module, SensOre will become entitled to additional benefits in the form of royalties linked to the quantum of gold and copper produced.
A brilliant concept. Win-win all round.
This article was developed in collaboration with Barton Gold Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.