WINKF - Windfall Geotek Partners with Guyana Goldstrike Inc on a Multi Year Artificial Intelligence Agreement in British Columbia's Golden Triangle
(TheNewswire)
DOES NOT CONSTITUTE AN OFFER OF THESECURITIES DESCRIBED HEREIN
Brossard, Quebec - TheNewswire - December 1, 2021 – 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 it will be providing it’s ArtificialIntelligence Targeting Technology partnering with Guyana Goldstrike Inc(TSXV:GYA) for it’s East Georgie Project. TheEast Georgie project is comprised of 10,840 hectares near Stewart,British Columbia in the prolific Golden Triangle region of BritishColumbia
Deal Terms:
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Multi year service agreement for Windfall Geotek’s AI Consulting services
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Windfall Geotek will obtain an equity position andretain the right to purchase 1% NSR Royalty for $500,000 for any landclaims where Windfall Geotek AI targets are generated
Property Details
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East Georgie Project contains 69 mineral claimstotaling 10,840 hectares
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The property lies within an area extending north andnorthwest from a southern apex at the old mining camp of Anyox whichhosts more than 1,000 mineral occurrences of dominantly precious metalvein type, with related skarn, porphyry and massive sulphide
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Potential for Au, Ag, Cu, Mo, Pb, Znmineralization
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A series of geophysical surveys on the property havebeen conducted and interpretation reports received
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Potential for Eskay Creek, Anyox and Granduc styles ofmineralization
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Historic Mineralization exists with ten MinfileShowings occurring on the Property
Simran Kamboj, President of WindfallGeotek commented: “We’reexcited to work with Guyana Goldstrike to assist them in building amore effective exploration program using our industry leading data andAI technologies. Multi year deals like this allow Windfall Geotek tojoin in on the journey with our customers and use new data fromexploration as it becomes available to continuously refine the targetzones.”
Peter Berdusco, Chief ExecutiveOfficer of Guyana Goldstrike, commented: “Windfall Geotek’s AI technology hasa 15-year track record of success and will be a significantexploration tool increasing our chance of early discovery whilecutting time & costs. We are excited to work with Windfall Geotekon our East Georgie Project in British Columbia’s GoldenTriangle.”
About GuyanaGoldstrike Inc.
Guyana Goldstrike is a mineralexploration company engaged in the exploration of precious metal andbase metal projects in North America. The company recently signed adefinitive agreement to acquire a 100% purchase option on the EastGeorgie Polymetallic Project in the Golden Triangle, British Columbia.The project consists of 69 active mineral claims totalling 10,840hectares (ha). It lies within an area extending north and northwestfrom a southern apex at the old mining camp of Anyox which hosts morethan 1,000 mineral occurrences of dominantly precious metal vein type,with related skarn, porphyry and massive sulphide
Figure 1 :Windfall Geotek AI Target Generation Process
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 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/ .
About Guyana Goldstrike Inc.
Guyana Goldstrike is a mineral exploration companyengaged in the exploration of precious metal and base metal projectsin North America. The company recently signed a definitive agreementto acquire a 100% purchase option on the East Georgie PolymetallicProject in the Golden Triangle, British Columbia. The project consistsof 69 active mineral claims totalling 10,840 hectares (ha). It lieswithin an area extending north and northwest from a southern apex atthe old mining camp of Anyox which hosts more than 1,000 mineraloccurrences of dominantly precious metal vein type, with relatedskarn, porphyry and massive sulphide.
For further information, please contact:
Simran Kamboj
President and CTO of Windfall Geotek
Email: simran@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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