WIN - Nine Mile Metals to Hire Windfall Geotek's AI Services for the Properties Located in the Bathurst Mining Camp & Acquire a New Claim Block
(TheNewswire)
DOES NOT CONSTITUTE AN OFFER OF THESECURITIES DESCRIBED HEREIN
Brossard, Quebec - TheNewswire -February 9, 2023 – Windfall Geotek (TSXV:WIN ) , ( OTC:WINKF ) , ( FSE:L7C2) a leader inthe use of Artificial Intelligence (AI) with advancedknowledge-extraction techniques since 2005 in the mining sector ispleased to announce it has signed a contract to provide AI Mineral Exploration Targeting services for NINE MILE METALS LTD. (CSE:NINE,OTCQB:VMSXF, FSE:KQ9) on its properties in NewBrunswick, Canada. Additionally, Nine Mile Metals has acquired a claimfrom Windfall Geotek in exchange for stock compensation and a royalty.The claim is subject to a 2% net smelter return (“NSR”), with theright to purchase back 50% of the 2% NSR.
Figure1 : New Brunswick Claim #10161drawn in white border acquired by Nine Mile Metals.
DineshKandanchatta, Chairman of Windfall added, “We are excited to work with Patrickand the Nine Mile Metals Team on this project. Technologies such asChatGPT are expanding the art of the possible with AI. Visionarieslike Patrick are leading the expansion of AI adoption in theexploration sector. This multi year program represents what ispossible when AI driven technology companies and exploration companieswork together.”
Patrick J.Cruickshank, MBA, CEO & Director states, “This acquisition of West Nine MileBrook, is a valuable addition to our Nine Mile Brook VMS Portfolio.The Nine Mile Mineralized Synform continues through our new propertyand has never been tested. We have identified (3) high prioritytargets within the folded trend and as you can see, numerous VMSoccurrences have been discovered on this trend and nodes. We arecommitted to continuing to enlarge our geophysical footprint in theBMC and add quality value for our shareholders through growth andacquisition strategies. Our work with Windfall Geotek’s and itsproprietary Artificial Intelligence analysis will be applied to ourentire project portfolio (Nine Mile Brook, California Lake And ourCanoe Landing Lake (E&W). Working with EarthEX GeophysicalSolutions Inc., Windfall and our entire Technical Team is focused onincreasing shareholder value and driving our exploration program to success. Thisanalysis compliments and carries all our programs to the leading edgeadvanced stages in our future programs here at Nine MileMetals.”
About WindfallGeotek – Powered by Artificial Intelligence (AI) since 2005
Windfall is an Artificial Intelligence company that hasbeen in business for over 15 years developing its proprietary CARDSanalysis (AI) and data mining techniques. Windfall Geotek can count on a multidisciplinary team thatincludes professionals in geophysics, geology, ArtificialIntelligence, and mathematics. It combinesavailable public and private datasets including geophysical, drillhole and surface data. The algorithms designed and employed byWindfall are calculated to highlight areas of interest that have thepotential to be geologically similar to other gold deposits andmineralization. The Company's objective is todevelop a new royalty stream by significantly enhancing andparticipating in the exploration success rate of mining and tocontinue the Land Mine detection application as a high priority. Windfall has played a part in numerous pastdiscoveries utilizing its methodology as described at: https://windfallgeotek.com/ .
For further information, please contact:
Email: info@windfallgeotek.com
Website: www.windfallgeotek.com
Additional information about the Company is availableunder Windfall Geotek’s profile on SEDAR at www.sedar.com . Neither the TSXVenture Exchange nor does its Regulation Services Provider (as thatterm is defined in the policies of the TSX Venture Exchange) acceptresponsibility for the adequacy or accuracy of this release.
FORWARD-LOOKINGSTATEMENTS: This news release contains forward-looking statements,which relate to future events or future performance and reflectmanagement’s current expectations and assumptions. Suchforward-looking statements reflect management’s current beliefs andare based on assumptions made by and using information currentlyavailable to the Company. Investors are cautioned that theseforward-looking statements are neither promises nor guarantees, andthey are subject to risks and uncertainties that may cause futureresults to differ materially from those expected. Theseforward-looking statements are made as of the date hereof and, exceptas required under applicable securities legislation, the Company doesnot assume any obligation to update or revise them to reflect newevents or circumstances. All forward-looking statements made in thispress release are qualified by these cautionary statements and bythose made in our filings with SEDAR in Canada (available atWWW.SEDAR.COM).
Copyright (c) 2023 TheNewswire - All rights reserved.