There is a company that has quietly contributed to some of the most successful junior exploration stories of the last decade. Windfall Geotek’s industry-leading digital platform leverages artificial intelligence (AI) technologies to significantly improve outcomes in the exploration and development of geologically focused projects. The mining sector is the only sector in the world in which systematic technology is not applied. The CARDS (Computer Aided Resources Detection System) system uses AI(Algorithms) to find patterns in data which help to identify high probability drill targets.
I introduced the company in July 2020 and in the last six months Windfall Geotek (TSX-V: WIN, OTC: WINKF) has been busy assembling an impressive portfolio of new clients. Some of these clients include Canada Nickel, PUMA Exploration, Playfair Mining, BTU Metals, Evolution Mining, Orvana Minerals, Gatling Exploration, Trillium Gold, Aurcrest Gold, Pacton, Flow Metals and Capella Minerals.
Aurcrest, BTU, Pacton and Trillium are all exploring projects in the prolific Red Lake Gold District. Windfall holds equity positions and/or options in three of these companies, positions that could become much more valuable in the event of exploration success. However, I would like to focus on how Windfall’s CARDS system helped one of the biggest nickel exploration stories of the last few years, Canada Nickel (TSX-V:CNC, OTC:, achieve a ridiculously high drilling success rate at its Crawford Cobalt-Nickel Sulphide Project near Timmins, Ontario.
With the help of Windfall’s CARDS technology Canada Nickel has been able to achieve an industry low less than $.01 per pound of nickel discovered in exploration costs. This has enabled Canada Nickel to make the largest nickel-sulphide discovery since the 1970s in a very short period of time, and with minimal shareholder dilution.
The Crawford Project was optioned by Canada Nickel from Spruce Ridge Resources (TSX-V:SHL) and Noble Mineral Exploration (TSX-V;NOB) in 2019. Windfall Geotek (formerly Albert Mining) identified targets for Noble/Spruce Ridge in June 2018 as can be seen in the map below:
The CARDS targets can be seen in the areas outlined in red – these areas include the Main Zone, West Zone, and North Zones at Crawford.
The Main Zone and Windfall’s CARDS system identified it as a high probability target (more than 80%):
Canada Nickel drilled all 3 of the high priority targets identified by CARDS and all 3 intersected broad widths of cobalt, nickel, and PGMs!
CARDS helped Canada Nickel to optimize its early exploration programs at Crawford which resulted in some of the most cost-effective discovery drilling you will ever see at a junior mining company. Since its first few weeks as a publicly traded company, Canada Nickel shares have risen more than 500% and the company has quickly achieved a US$150 million market cap:
Canada Nickel (via Noble/Spruce Ridge) is one example of successful discoveries using CARDS technology and drill target optimization. There are 36 discoveries that have been made by clients using CARDS technology since 2005 – these clients include the following companies:
Drill results from Windfall’s Red Lake clients will continue to be released over the coming weeks/months. In addition, Windfall has been working with Norway explorers Playfair Mining (TSX-V: PLY) and Capella Minerals (TSX-V:CMIL). Windfall has identified multiple high priority copper-zinc VMS targets at Playfair’s RKV Project in Norway.
Playfair used an extensive digital database maintained by NGU (Norwegian Geological Survey) as the basis for the initial evaluation of the area. To prioritize areas of the property for further exploration, Playfair contracted Windfall Geotek to carry out its proprietary CARDS platform on the entire RKV Project. The targets generated by CARDS covered less than 1% of the RKV Project area evaluated.
26 of the CARDS targets were then evaluated by MMI (Mobile Metal Ion) soil geochemistry, a proven advanced geochemical exploration technique known to find mineral deposits. A total of 1,926 samples, including field duplicates, were taken in four phases of MMI fieldwork. Seventeen of the twenty-six CARDS targets evaluated yielded MMI values greater than 50 times background in one or more of copper, cobalt, or nickel. These highly anomalous soil geochemistry results offer strong validation of the CARDS targets. Playfair is in the final phase of drill permitting at many of these targets, which will then subsequently be drill-tested through diamond core drilling.
Windfall holds an equity position in Playfair in addition to nine other junior companies. In total, Windfall has an equity portfolio valued at more than C$1,000,000 – this portfolio has been accumulated through contracts with clients that have engaged Windfall for drill target optimization. In 2021, Windfall stands to generate more than C$3 million in revenue while also gradually monetizing its equity portfolio holdings as market conditions warrant.
At today’s C$17.3 million market cap (89.16 million shares outstanding x C$.195 share price) Windfall shares are modestly valued and do not fully appreciate the significant potential upside that exists in both Windfall’s equity portfolio but also its signed contract growth trajectory.
Windfall’s CARDS system is getting smarter every day as the algorithms have been fine tuned over 15 years of deep learning and data mining. The mining industry stands on the cusp of stepping into embracing the 21st century technologies of data mining and Artificial Intelligence, Windfall Geotek is ideally positioned to benefit from the quantum leap that the mining sector is only just beginning to take.
Disclosure: Author owns WIN.V shares at the time of publishing and may choose to buy or sell at any time without notice.
The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. Windfall Geotek Inc. is a high-risk venture stock and not suitable for most investors. Consult Windfall Geotek Inc.’s SEDAR profiles for important risk disclosures.
EnergyandGold has been compensated to cover Windfall Geotek Inc. and so some information may be biased. EnergyandGold.com, EnergyandGold Publishing LTD, its writers and principals are not registered investment advisors and advice you to do your own due diligence with a licensed investment advisor prior to making any investment decisions.
This article contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). Certain information contained herein constitutes “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects”, “believes”, “aims to”, “plans to” or “intends to” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, standard transaction risks; impact of the transaction on the parties; and risks relating to financings; regulatory approvals; foreign country operations and volatile share prices. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Actual results may differ materially from those currently anticipated in such statements. The views expressed in this publication and on the EnergyandGold website do not necessarily reflect the views of Energy and Gold Publishing LTD, publisher of EnergyandGold.com. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions. Junior resource companies can easily lose 100% of their value so read company profiles on www.SEDAR.com for important risk disclosures. It’s your money and your responsibility.