Ivanhoe Electric announces application of CGI software at Tintic Project

Ivanhoe Electric and its subsidiary, Computational Geosciences are pleased to provide an update on CGI’s proprietary software applications used to interpret Typhoon data. CGI continually improves its proprietary algorithms, leveraging advanced machine learning data processing technologies, to deliver higher quality Typhoon geophysical inversion models with quicker turnaround times. Ivanhoe Electric owns 94% of CGI. Taylor Melvin, President and CEO, commented: “We believe Computational Geosciences has the mining industry’s most powerful machine learning software application available. CGI’s proprietary algorithms are capable of analyzing the massive amounts of data generated by our ground-based Typhoon geophysical surveying system. We are excited to apply the same cutting-edge version of CGI’s software at Tintic that we are currently using in Saudi Arabia and at our other more recent American exploration projects. CGI’s latest software improvements allow us to analyze more data, more quickly, and generate clearer models to guide future discovery. We are now beginning to test the refined targets around the historically productive Mammoth copper-gold-silver mine at Tintic, Utah, with directional drilling equipment.” Through continuous research and development, CGI’s innovations harnesses the power of machine learning algorithms to improve data processing capacity, processing times, and to enhance the signal-to-noise ratio of input data through improved data utilization. This effort has led to faster inversion model delivery times and improved three-dimensional inversion models. CGI continues to lead the transformation of geophysical data processing and three-dimensional inversion.