Canadian junior uranium and copper explorer Aventis Energy says work with a Nova Scotia start-up using artificial intelligence to help assess satellite images of the Earth can “significantly strengthen our exploration capabilities”.
Aventis CEO Mandeep Parmar said the company wanted to improve the efficiency of search activity at its Corvo uranium property in Saskatchewan’s Athabasca Basin. It engaged Halifax-based KorrAI Technologies to help guide conventional exploration.
“We believe KorrAI’s systems and technical abilities will significantly strengthen our exploration capabilities,” Parmar said.
“We look forward to integrating KorrAI’s hyperspectral imaging technology to further our understanding of the Corvo property.
“The company hopes to identify high-priority areas of interest by utilising KorrAI’s systems, technologies and processes which fuse a variety of datasets and integrate known mineralised analogues and other internal company data.”
Parmar said Aventis’ geological and field sample data would be used to generate a baseline AL/ML prospectivity model. KorrAI proprietary algorithms would map and digitise outcrop features, including iron oxide signatures, and boost understanding of potential uranium targets under till cover.
KorrAI says it uses satellite and geological data alongside advanced AI technologies to detect and analyses changes in Earth systems.
The 2021 start-up raised US$1.6 million of pre-seed funding in 2022 and has also received monetary backing from the Canadian space agency through its Space Technology Development Program and the National Research Council of Canada Industrial Research Assistance Program.
