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DIAGNOS Announces Contract with Threegold Resources and Grant of Stock Options

Feb 20 2013 12:00AM

Marketwire

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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.

About DIAGNOS

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.



Contacts:
Michel Fontaine, Vice-President
DIAGNOS Inc.
450-678-8882
alarente@diagnos.com

Louis Morin
Bid Capital Markets
514-845-1101
bidcapital@videotron.ca





Source: Marketwire