WINKF - Windfall Geotek Announces New Gold Discovery on AI Gold Targets Near Bachelor Lake in the Urban Barry Mining Camp of Quebec
(TheNewswire)
DOES NOT CONSTITUTE AN OFFEROF THE SECURITIES DESCRIBED HEREIN
Brossard, Quebec – TheNewswire - March 30 , 2021 – WindfallGeotek (TSXV:WIN ) ( OTCQB:WINKF ) ( FSE:L7C2) is pleasedto announce successful drilling results on a new gold discovery in theBachelor Lake area of the Urban Barry Mining Camp occurring onWindfall Geotek A.I. Targets were generated in 2009 using publiclyavailable data from the Quebec Government. These drilling resultshighlight the high accuracy of the Windfall Geotek A.I. system that isused for generating mineral exploration targets. The AI targets weresold to Metanor resources in 2009 (Original press release dateNovember 18, 2009); due to confidentiality the name of the currentclaim owners is redacted.
Validations:
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- Drill Hole (EB20-008) -24.85 metres of 1.4 g/t gold; including 4.25 metres of 3.6 g/t gold
- Drill Hole (EB21-021) - 18.3metres of 0.9 g/t gold; including 10.5 metres of 1.3 g/t gold; and,
Both results occur within 50 metres of surface
The following drilling results recently reported in March of 2021occurred within previously defined targets of the Windfall Geotek AISystem in 2010 - (See Figure1 )
Figure1: Map of the Windfall GeotekAI targets near Bachelor Lake
Nathan Tribble board member ofWindfall Geotek commented : “It is excellent to see a WindfallGeotek AI system target thatis almost 10 years old still able to be validated in 2021. I havepersonally worked on this project in 2018-2019 and was very impressedinitially by the gold signature created by the Windfall Geotek AIsystem on the Moroy Deposit. It is nice to see the validation of thesame target on the eastern side of the O’Brien intrusion that speaksto how big the mineralized system is at the Bachelor Lakearea.”
The scientific and technical data contained in this press release wasreviewed and prepared under the supervision of Grigor Heba, Ph.D.,P.Geo., Principal Geologist and a Qualified Person as defined byNational Instrument 43-101 .
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 UXO detection application as a highpriority. Windfall has played a part in numerouspast discoveries utilizing its methodology as described at: https://windfallgeotek.com/ .
For further information, please contact:
Simran Kamboj
President & CTO
Email: simran @windfallgeotek.com
Website: www.windfallgeotek.com
Additional information about the Company isavailable under 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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