Brossard, Quebec – December 3, 2019 – Windfall Geotek (TSXV:AIIM) a mining services company and a leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 in the mining sector, is pleased to announce that it has entered into an agreement with BWR Exploration Inc. (TSXV:BWR) to develop gold exploration targets over its Little Stull Lake Gold Project (394.91 sq/km) located in a regional gold fertile structure, referred to as the Wolf Bay Shear Zone (“WBSZ”) in Northeastern Manitoba. The value of the service agreement is estimated to be $ 75 000.00.
The Little Stull Lake Gold Project lies in the Oxford-Stull greenstone belt in the northwestern part of the Archean Superior Province of the Canadian Shield. This project along with the Monument Bay project of Yamana Gold (located 20 km to southwest) defines an emerging orogenic gold district in Northeastern Manitoba. Yamana’s Monument Bay Gold deposits is reported to contain an indicated resource 36.6 Mt at 1.52 g/t Au containing 1.79 million ounces of gold and an additional inferred resource of 41.9 Mt at 1.32 g/t Au containing a further 1.78 million ounces of gold.
Windfall Geotek will use data entirely provided from BWR Exploration: Airborne Magnetic and Digital Terrain Model data at 40m resolution, collected in 2017, 11 816 gold assays data from a 219 drillhole database; and 54 surface rock samples provided from Manitoba Geoscience data base. These data will be merged into a single dataset and gridded to 40m cell size which corresponds to 239 472 data points in order to proceed to the gold mineral potential analysis with CARDS.
By using its CARDS (Computer Aided Resources Detection System), Windfall Geotek will assist BWR Exploration in identifying additional gold exploration targets and possible sites with the same signature as known gold occurrences identified within the geographic area defined by the two Mineral Exploration Licenses held by BWR. CARDS is using the past to predict the future.
Windfall Geotek will be exploring new business models to advance projects where CARDS AI software 2D platform has identified a high potential target. This pivot from pure services revenue to services revenue plus asset accumulation is part of a strategic review by the board to maximize return for Windfall Geotek investors. In this instance Windfall Geotek has received 1500000 shares + Warrants for a total value of $ 75000.00. With over 85 successful projects over the past 15 years, Windfall Geotek has a track record that is unmatched in digital exploration.
Last November 26th, the Company announced having granted 250,000 options valid for a period of 24 months. It should have been read, valid for five (5) years, as per the option plan.
About Windfall Geotek – Powered by Artificial Intelligence (AI) since 2005
Windfall Geotek is a services company using Artificial Intelligence (AI) with an extensive portfolio of gold, copper and zinc properties in Quebec. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company’s objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
For further information, please contact:
President and CEO of Windfall Geotek
Additional information about the Company is available under Windfall Geotek’s profile on SEDAR at www.sedar.com. Neither the TSX Venture Exchange nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
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