WINKF - Windfall Geotek Initiates First AI Analysis in the Yukon with Go Metals Corp's Monster Project
(TheNewswire)
Brossard, Quebec - TheNewswire -January 27, 2021 – Windfall Geotek(TSXV:WIN ) ( OTC:WINKF), a mining services company and a leader in theuse of Artificial Intelligence (AI) and advanced knowledge-extractiontechniques since 2005 in the mining sector, is pleased to announce that the Company has been commissioned by GoMetals Corp (“Go Metals”; TSX.V: GOCO) to deploy our proprietaryCARDS Artificial Intelligence ("AI") system. The contractwill identify prospective copper-silver targetson the IOCG over Go Metals project located in the Yukon (Figure 1) andt he contract is valued at $60,000 CAD.
About Go Metals Monster Project:
The Monster project covers 68.5 km 2 over theWernecke Breccia, a hematitic breccia belt of similar style and age asIOCG deposits on Southern Australia such as the Carrapateena andOlympic Dam. Windfall Geotek will use the following data provided fromGo Metals:
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- 2018 Magnetic-Radiometric survey data at 19mresolution database.
- Rock samples database (206).
- Drillhole database (171 p rojected drillhole Cu & Ag assays )and interpreted remote sensing lineaments, faults, and contactsdata.
- This data will be then merged into a dataset( 621 variables & 194 882datapoints) to proceed to the copper-silverpotential analysis with CARDS AI system.
Jaap Verbaas, Vice Presidentexploration for Go Metals comments: " Working with Windfall Geotek allowsus to accelerate our project while generating high-probability targetsduring the low season for field work. We are already partnered withWindfall Geotek on the Ashanuipi project where we have great targetsidentified by CARDS and we have lots of interest to see what they cando on our Monster project in Yukon. I am a strong believer that AI isa valuable tool for mineral exploration. AI allows for targetingwithout ground disturbance, mobilization cost, or weatherrequirements. We have collected excellent data and I am convinced ourdrill targeting will benefit from CARDS. We look forward to workingwith Windfall and to our follow-up groundwork on Monster."
Figure 1: The Monster Project in Yukon Canada
Windfall Geotek CARDS analysisidentifies areas of high exploration potential using severaltechniques listed below:
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- Algorithms analyze each layer ( Figure 2 ) of information for everydrill hole/rock/soil sample and data site to create a unique signaturefor the mineralization that is being sought (gold, copper, kimberlitesetc.).
- The MCubiX data mining engine (with numeroussupporting algorithms) analysis recognizes patterns of informationamong drill holes and other sample media. The system uses thesealgorithms to find new patterns that are often not recognized by thenaked eye.
- CARDS analysis identifies locations of the newmineralization signature in the exploration area. Predictions aregiven a cell rating by percentage.
- Millions of spatial data points and theirrelationships are analyzed, which a human brain cannot do asefficiently and quickly as a computer (Figure 3).
- The CARDS System becomes trained and "crossvalidates" each model that CARDS generates. The cell ratingpercentage "weeds out" unwanted (low percentage cells)targets, leaving only the highest probability areas for the discoveryof mineralization. In some regions this may be as low as 5% of totaloriginal project area (Figure 2).
Michel Fontaine, President and CEO ofWindfall Geotek commented: “We are pleased to have added another contract, this time in Yukonto collaborate with Go Metals. This is our first contract in Yukon,and we are extremely confident given the high quality of the data thatthe results will generate high probability targets. Our AI tool isexceptionally efficient when it comes to base metals and we expect tosee the results reflect that in the context of the Monster project. We areconfident Go Metals will benefit from our CARDS AI targeting and thiscontract will generate a great ROI for both companies’shareholders.”
Figure 2: By combining various data types, datautilization is optimized, and prediction is maximized.
Figure 3: Millions of spatial data points and theirrelationships are analyzed.
The scientific and technical data contained in thispress release was reviewed and prepared under the supervision ofGrigor Heba, Ph.D., P.Geo., Principal Geologist and a Qualified Personas defined by National 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 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 the potential to be geologically similar toother gold deposits and mineralization. TheCompany'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 described at: https://windfallgeotek.com/ .
For further information, please contact:
Michel Fontaine
Telephone: 514-994-5843
Email: michel@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-LOOKING STATEMENTS: This news release containsforward-looking statements, which relate to future events or futureperformance and reflect management’s current expectations andassumptions. Such forward-looking statements reflect management’scurrent beliefs and are based on assumptions made by and usinginformation currently available to the Company. Investors arecautioned that these forward-looking statements are neither promisesnor guarantees, and they are subject to risks and uncertainties thatmay cause future results to differ materially from those expected.These forward-looking statements are made as of the date hereof and,except as required under applicable securities legislation, theCompany does not assume any obligation to update or revise them toreflect new events or circumstances. All forward-looking statementsmade in this press release are qualified by these cautionarystatements and by those made in our filings with SEDAR in Canada(available at WWW.SEDAR.COM).
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