TORONTO, Feb. 26, 2018 /CNW/ - Orefinders
Resources Inc. ("Orefinders" or the "Company") (TSX.V: ORX) is
pleased to present its proprietary methodology which utilizes
existing data, knowledge of geologic formations and incorporates
the use of advanced analytics to improve its chances of exploration
and development success. Orefinders is calling this technology
platform Exploration Moneyball, and it will process large amounts
of private and public geologic data to assist the Company in making
data driven decisions in a cost-efficient way. The Exploration
Moneyball platform is being developed by Orefinders Vice President
of Exploration Charles Beaudry, who
is also the Chair of the PDAC's Geoscience Committee.
"Geology, at best, is an imperfect science. But, as data
analytics and computing power have become more advanced and less
costly, we are developing an intelligent solution which could give
us an edge over our competition in the race to find and develop
orebodies. We are not the New York Yankees of the mining
world, and so we must work with the inputs we have and the
constraints with which we are faced. Fortunately, there is an
abundance of data on the geology of the Abitibi which will be the
focus of our efforts. We are combining this data, with advanced
analytics along with the most important component which is human
expertise. This is led by Charles who is one of the foremost
experts on the Abitibi and a geodata scientist. This is where the
art meets the science of geology," said Stephen Stewart, Orefinders CEO. He
continued, "We are calling this Moneyball because we were inspired
by innovators like Billy Beane, GM
of the Oakland Athletics, who shifted to paradigm by finding
different, and more economical, ways to compete."
Orefinders invites anyone who's interested in learning about its
Exploration Moneyball platform to attend our presentation:
Orefinders Exploration Moneyball: Using big data and
advanced analytics to solve some of the Abitibi's geologic
riddles
To be held during the PDAC Conference on March 6, 2018 at 9:25am, Room 711 in the Metro Toronto Convention
Centre South Building.
Neither 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 release. Certain information in this press release
may contain forward-looking statements. This information is based
on current expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking
statements. Orefinders' assumes no obligation to update the
forward-looking statements, or to update the reasons why actual
results could differ from those reflected in the forward
looking-statements unless and until required by securities laws
applicable to Orefinders. Additional information identifying risks
and uncertainties is contained in filings by Orefinders with
Canadian securities regulators, which filings are available under
Orefinders' profile at www.sedar.com.
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SOURCE Orefinders Resources Inc.