WINKF - Top Battery Ore Producer in India Hires Windfall Geotek AI to Generate High Probability Targets to Extend their Operating Mine
(TheNewswire)
DOESNOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Brossard, Quebec - TheNewswire - February 24, 2022 –Windfall Geotek Inc. (TSXV:WIN ) , ( OTC:WINKF ) , ( FSE:L7C2) a leader in theuse of Artificial Intelligence (AI) with advanced knowledge-extractiontechniques since 2005 in the mining sector is pleased to announceit’s first contract in India with a top battery ore producer whoprefers to remain anonymous. Windfall Geotek had been in negotiations,compliance and doing vendor onboarding for more than 6 months beforestarting work early this year.
News Highlights
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First contract for Windfall Geotek in India
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Windfall AI to be used to identify additional ore bodynear the existing mine
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Analysis focused on metals used in batteries
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Project is proximal to an operating mine generatingmore than 800kt of ore annually
Dinesh Kandanchatha, Chairman ofWindfall Geotek commented: “ It isfantastic to see our proven AI technology attract one of the biggestbattery ore producers in India to extend their competitive advantage.As we work with major producers we expand the depth of our algorithmsglobal applicability. This kind of experience provides us valuableinsights in Asia and provides a great case study as we expand our goto market globally.”
About Windfall Geotek – Powered byArtificial Intelligence (AI) since 2005
Windfall is an Artificial Intelligence company that hasbeen in business for over 15 years developing its proprietary analysis(AI) and data mining techniques. Windfall Geotekcan count on a multidisciplinary team that includes professionals ingeophysics, geology, Artificial Intelligence, and mathematics. It combines available public and privatedatasets including geophysical, drill hole and surface data. Thealgorithms designed and employed by Windfall are calculated tohighlight areas of interest that have the potential to be geologicallysimilar to other gold deposits and mineralization. The Company's objective is to develop a new royalty stream bysignificantly enhancing and participating in the exploration successrate of mining and to continue the Land Mine detection application asa high priority. Windfall has played a part innumerous past discoveries utilizing its methodology as describedat: https://windfallgeotek.com/ .
For further information, please contact:
Interim CEO & Chairman DineshKandanchatha
Email: info@windfallgeotek.com
Website: www.windfallgeotek.com
Phone: 1-855-946-5145
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).
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