WIN:CC - WINDFALL GEOTEK Generates High Probability AI Exploration Targets for Platinex Shining Tree Gold Project
(TheNewswire)
DOES NOT CONSTITUTE AN OFFER OF THESECURITIES DESCRIBED HEREIN
Brossard, Quebec / TheNewswire /August 23, 2022 – 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 that WIN has used it’s AI technology on Platinex Inc. (CSE: PTX) (Frankfurt: 9PX) ("Platinex" or the"Company") on their 225 km 2 Shining Tree Gold Project ("ShiningTree" or the "Project") located in the Abitibi region of Ontario, a world-renowned golddistrict. Windfall Geotek’s team willconduct an AI target assessment using multiple AI target models(Figure 1) utilizing a large database of public & privatedata.
Figure 1: Platinex Shining TreeProject - Local Model
Figure 2: Platinex Shining TreeProject - Regional Model
Platinex will start a new exploration program toanalyze some of these targets further through prospecting, geologicalmapping, litho-geochemical sampling, and soil sampling. See Platinexpress release for further details on the exploration program.
Dinesh Kandanchatha, Chairman ofWindfall Geotek commented: “We’re incredibly excited to partner with Platinex on theirjourney at Shining Tree.. Mr. Ferron’s [PTX CEO] shares our viewthat AI accelerates the timeline to a resource, and is an importantpart of Platinex’s execution plan. Windfall will provide his team anunbiased view of his project using data, starting with the knownShining Tree Gold project and the neighbouring Herrick GoldDeposit.”
About Windfall Geotek – 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:
Simran Kamboj
President and CTO of Windfall Geotek
Email: simran@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).
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