WINKF - Windfall Geotek CARDS AI 2D Report Positive Validation by Chilean Metals at the Tierra De Oro project in Chile
(TheNewswire)
Brossard, Quebec - TheNewswire -November 18, 2020 - Windfall Geotek (TSXV:WIN ) , ( OTC:WINKF) a mining and technologyservices company and leader in the use of Artificial Intelligence (AI)and advanced knowledge-extraction techniques since 2005 in the miningsector is pleased to announce positive validation of its CARDS 2D AItargets for both Gold and Copper at Chilean Metals Tierra De Oroproject in Chile.
Highlights of 2020 Analysis at theTierra De Oro Project
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- The samples obtained in the north zone, deliveredvery positive gold results. This indicates the presence of ahydrothermal system represented in vein style gold mineralizationhosted in dikes
- These veins also have copper values and can beinterpreted as late pulses of the Cu-Au porphyry system projected inChancheros
- The host rock consists of partly intrusives withsilica-felspar alteration and skarnified volcanoclastics
- The southern area is a skarnified calcareous domaindelivering a sample with 4.06 g/t Au in a developed area of Fe-richskarn with clinozoicite epidote and andradite garnet
- These are also located next to the NW trendingmagnetic anomaly. If we consider that there may be favorable levels ofmineralization associated with skarnified calcareous strata, and theoccurrence of copper values; then we have a Skarn potential ofFe-Au-Cu
- Sampling on three of the AI targets yielded resultsincluding 10.32 g/t Au and 5.79 g/t Au at the 'Cobalt' zone (Figure1)
- Nine samples that graded between 0.77% to 3.23%copper were taken across numerous AI targets in the southern part ofthe property (Figure 2)
- Drill program to commence follow these positiveresults
Figure 1 : Windfall Geotek CARDS Gold targets and Chilean Metals 2020field results at the Tierra De Oro Project in Chile
Figure 2. Windfall Geotek CARDS Copper targets and Chilean Metals2020 field results at the Tierra De Oro Project in Chile
Learn more about the geologic context of this areas at http://chileanmetals.com/cmx2/tierra-de-oro/
Terry Lynch CEO of Chilean Metals Incsaid, " We are excited to commence drilling onTDO. In particular we believe the AI guidance will focus our searchand enhance our odds of drilling success. Chanchero the large IPanomaly was home of the "Chanchero Gold Rush" in Chile inthe early 1900's and we believe it is possible the large IP anomalycould be the causative source of that mineralization. It's the type ofdrill hole Junior Miners dream about. We have de-risked it as much aswe can and we now need to drill it "
Ximena Perez Campos, Exploration Geologist Chilean Metals Inc.commented: " In April 2019, Chilean Metals Inc.contracted the artificial intelligence services of the Windfall Geotekwith its CARDS AI product; which provides a new exploration tool tofind new targets for the Tierra de Oro project. The first stage wasthe collection of existing information, such as geophysics,geochemistry, geological mappings, etc. The processing of this datausing this technology resulted in 6 new areas to explore in search ofnew targets (Figure 1-2). After years of evolution in mining prospecting methods, theincorporation of AI technology opens a new era in exploration,identifying new study targets in areas where the algorithm finds theprobability of success, based on the existing geological informationin other areas and the similarity of this in other unexplored areas.In the Tierra de Oro project, CARDS gave us 6 targets, of which 3 wereprioritized to go to the field and take samples in the first instanceand check if there is interest to continue exploring. The fieldcampaign for evaluation of the first targets delivered positiveresults that opens other prospects to the targets already recognizedat a more advanced stage of exploration ".
Michel Fontaine President & CEOof Windfall Geotek states: "We are very pleased to once again see the positive results ofusing our CARDS AI technology for exploration companies such asChilean Metals. These results are for sure conclusive and we hope itwill continue to promote our technology in South America markets andacross the world. We have seen a tremendous increase in demand duringthe Covid-19 pandemic as our digital exploration represents a greatalternative to field work and is a safe way to advance projectsquickly. The result for both Gold and Copper targets clearly shows thepower of our CARDS AI technology and has to be seen as a clear pathwayto continuing to build value for our shareholders and clients withthese validations".
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 .
Dinesh Kadanchatha Chairman ofWindfall Geotek which to inform that followingthe AGM held on Nov 17 th , It was agreed that Michel Fontaine will bestepping down as CEO and President once a replacement can be found butwill continue to act in this capacity until a replacement can befound. The board is starting a search for this role and will belooking to fill it as soon as the candidate is found. Mr. Fontainewill continue in a sales capacity once the right candidate isselected. The board thanks Mr. Fontaine for all his efforts as the CEOand President since 2017.
Windfall has played a part in numerous past discoveriesutilizing its methodology as described at: https://windfallgeotek.com/clients-discoveries/
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:
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 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.
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