Brossard, Quebec – The Newswire – July 2, 2020 – Windfall Geotek (TSXV:WIN) is a leader in the use of Artificial Intelligence (AI) in the mining sector and is pleased to mention that in the course of identifying high probability Gold targets for its client Pacton Gold, it also has discover a series of large AI targets in the prolific Red Lake District (Figure 1). These high profile targets are located on properties belonging to: Great Bear Resources, BTU Metals, Evolution Mining, Rubicon Minerals, Red Lake Gold, and others. Windfall Geotek welcomes interest in discussing various ways to bring these great opportunities to life in a bullish gold market.
Michel Fontaine President & CEO of Windfall Geotek states, “Opportunities like this only come once in a lifetime and we have identified some of the largest and highest probability targets in the Red Lake District by using publicly available data. The area that has been worked on is well over 95 km2 and we believe that these targets are of high value to all companies in the district. Our CARDS AI digital exploration approach is not only greener, it’s also leaner and we can’t wait to once again demonstrate the power of using AI in a data rich environment”.
You can see on this link the gold targets generated by our CARDS system in the Pacton claims in the Red Lake area:
See Pacton News June 24, 2020) https://www.pactongold.com/news-and-media/news/pacton-begins-exploration-on-5-ai-generated-targets-plans-for-phase-2-drill-program
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Figure 1. Model 1-Regional gold signature based on Ontario Supergrid Magnetic data (Red Lake-Stormy) at 40m resolution that cover also the Great Bear Dixie Deposit (500 sq/km)-***From Ontario Geological Service (OGS) database
Model 2-Regional gold signature based on Magnetic & Electromagnetic data (Mag-Em Input VI TDEM survey 1978) at 40m resolution covering the Red Lake Mining Camp (1024 sq/km)- ***From Ontario Geological Service (OGS) database
I wish to thank our existing shareholders for their support and confidence as we pivot the business to our new operating model and markets. As we are gaining momentum, we continue to establish ourselves as a global leader in the digital exploration sector.
Windfall Geotek also would like to announce the appointment of Nathan Tribble as an independent member of the Company’s Board of Directors effective July 15, 2020 following the resignation of Mr. Jacques Letendre effective July 15, 2020. Mr. Tribble, P.Geo. (ON) has over 14 years of professional experience in exploration and mining, with a particular focus on gold and base metal exploration and project evaluation. His current position is Vice President Exploration at Gatling Exploration Inc and past experience includes Senior Principal Geologist for Sprott Mining, Senior Geologist for Bonterra Resources, Jerritt Canyon Gold, Kerr Mines, Northern Gold, Lake Shore Gold and Vale Inco. Mr. Tribble is registered as a Professional Geoscientist in Ontario and holds a Bachelor of Science degree in Geology from Laurentian University.
The Windfall Geotek Board and management would like to thank Mr. Letendre for his continued support and contributions to the Corporation, and we wish him success on his new commitments.
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 shares of its clients. 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 and to continue the Land Mine detection application as a high priority.
For further information, please contact:
Michel Fontaine
President and CEO of Windfall Geotek
Telephone: 514-994-5843
Email: michel@windfallgeotek.com
Website: www.windfallgeotek.com
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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