DIAGNOS Announces Contract with Threegold Resources and Grant of Stock Options
BROSSARD, QUEBEC -- (Marketwire) -- 02/20/13 -- DIAGNOS inc.
("DIAGNOS" or the "Company") (TSX VENTURE:ADK), a leader in knowledge
extraction and artificial intelligence, announced today the signature
of an agreement for a value of $115,000 with Threegold Resources
Inc., for the use of CARDS (Computer Aided Resources Detection
Software) which will help to analyse all of the data sets related to
Threegold Abitibi North projects (enclosing Dalquier, Colline Bearn,
Rousseau West and East, Standard Gold, Marcotte, Barraute and
Charlemagne) located in the Abitibi region of the province of Quebec.
CARDS is a state-of-the-art computer system that uses powerful
algorithms to digitally analyse publically available as well as
privately owned geological information. For this occurrence, three
data mining techniques based on clustering and decision tree will be
used in order to generate new targets with a high level of accuracy.
"In recent months, we downloaded the database relevant to the use of
our tool CARDS on the Abitibi region of the province of Quebec. By
doing so we saved a lot of time and, for this agreement with
Threegold, we added additional information that Threegold recently
acquired such as a detailed airborne MAG-TDEM geophysical survey, or
had not yet published. This will allow our team of geologists,
geophysicists, and programmers specializing in data mining to create
a new signature model in particular for gold, like that related to
Threegold Standard Gold historical mine, but also for other base
metals. The development of a project takes 5-6 weeks depending on its
size. We are now more than ever ready to help exploration companies
active in the Abitibi region save money", says Mr. Michel Fontaine,
Vice-President, Natural Resources.
DIAGNOS can count on a high level team of scientists with master
degrees and PhDs in artificial intelligence, mathematics, imaging,
geology and geophysics and a management team to support its customers
in mining exploration.
DIAGNOS also announces grant of 50,000 stock options to one officer
of the Corporation as approved by the board of directors under the
terms of the Corporation's stock option plan. Grants of stock options
vest at the rate of 33.33% per year, commencing with the first
anniversary of the grant. The exercise price of these options has
been established at $0.12 per share. The expiry date to which these
options can be exercised has been fixed to February 19, 2018.
All monies quoted in this press release shall be stated in lawful
money of Canada.
Founded in 1998, DIAGNOS is a publicly traded Canadian corporation
(TSX VENTURE:ADK), with a mission to commercialize technologies
combining contextual imaging and traditional data mining thereby
improving decision making processes. DIAGNOS offers products,
services, and solutions to clients in a variety of fields including
healthcare and natural resources.
For further information, please visit our website at www.diagnos.com
or the SEDAR website at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Service Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Michel Fontaine, Vice-President
Bid Capital Markets
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