U.S. Global Investors [www.usfunds.com]

Frank Holmes Named GoldSpot Discoveries Independent Chairman of the Board

U.S. Global Investors CEO and chief investment officer Frank Holmes has been named independent chairman of the board of directors of GoldSpot Discoveries Corp. Frank’s extensive background in gold investing and the mining industry will help him guide this new company, which began trading on the TSX Venture Exchange on February 21.

Denis Laviolette, CEO and president of GoldSpot said “we are ecstatic to have Frank come aboard. He will bring significant experience and leadership to the team. Frank understands how disruptive GoldSpot will be to both the drill bit and mining investments, and the many synergies between our Resources Quantamental platform and his umbrella of funds.”

GoldSpot is a first-of-its-kind company that aims to use artificial intelligence (AI) and machine learning to revolutionize the mineral exploration business. In describing the challenge the company aims to solve, Laviolette says “we have more data at our fingertips than even before, yet new discoveries have been on the decline despite every increasing exploration spending on data collection.”

Both U.S. Global Investors and Frank Holmes have strategic investments in the company.

Learn more about GoldSpot and AI in this post by Frank Holmes.

Goldspot

All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor. Frank Holmes has been appointed chairman of the Board of Directors of GoldSpot Discoveries. U.S. Global Investors owns shares of GoldSpot.