WINKF - Windfall Geotek Provides New AI Targets to Dios Exploration on the K2 Project Located in James Bay Quebec
(TheNewswire)
DOES NOT CONSTITUTE AN OFFER OF THESECURITIES DESCRIBED HEREIN
Brossard, Quebec - TheNewswire - June23, 2021 – Windfall Geotek (TSXV:WIN ) ( OTC:WINKF ) ( FSE:L7C2) a leader in the use of Artificial Intelligence (AI) withadvanced knowledge-extraction techniques since 2005 in the miningsector is pleased to announce that it will provide AI Gold targets onDios Exploration’s K2 project located in the Eeyou Istchee James Bayregion, Quebec (Figures 1-3).
News Highlights
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- The largest Windfall Geotek AI target covers an areaof 0.87 km 2 on the DIOS K2 Property
- The AI analysis area of 148, 969 km 2 in the JamesBay Region includes four geological sub provinces the Minto, LaGrande, Opinaca-Opatica sub province, and Ashuanipi complex (fromnorth to south), consisting of volcano-plutonic and sedimentaryassemblages
- Geology indicates a contact between basalts &felsic tuffs, highlighted also by DIOS’s VLF anomalies within the AItarget
- The area is well known for its emerging potential forgold and base metal mineralization
Dinesh Kandanchatha, Chairman ofWindfall Geotek commented: “ We arepleased to announce this agreement with Dios Exploration where we areable to take advantage of our history of work in that region havingdone the Elmer project in the past which has had positive results. Weare excited to be working with Dios Exploration in a Win-Win scenarioat a strategic time with the upcoming field work Dios is undertakingover summer 2021.”
Marie-Jose Girard, President &Geologist of Dios Exploration Inc commented : “ We are thrilled to have acquired this highprobability target ahead of our Summer 2021 campaign in the sameregion. We have seen positive results with our neighbour (Elmerproject) in the same geological context and we feel this target hasgood potential to be incorporated into our drilling program.”
Figure 2 - Windfall Geotek AI Targetswith regional geology base layer
Figure 3 - Windfall Geotek AI Targetswith Geophysics base layer
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 QualifiedPerson as defined by National Instrument 43-101 .
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
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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