WINKF - Windfall Geotek Stakes Additional Claims in Red Lake Mining Camp Near AurCrest Gold's Ranger Lake Property
(TheNewswire)
DOES NOT CONSTITUTE AN OFFER OF THESECURITIES DESCRIBED HEREIN
Brossard, Quebec - TheNewswire - June9, 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 additional staking of high probability gold AItargets North of AurCrest Gold’s Ranger Lake Property. WindfallGeotek’s proprietary AI system analyzes large data sets to findexploration targets that lack visual outcroppings and have beenundetected using traditional exploration methods.
Dinesh Kandanchatha, Chairman ofWindfall Geotek commented: “We are very excited to see our partners in the field validatingour technology. Red lake is a prolific camp and we continue to expandour holdings based on the outputs of our technology. Positive drillresults for Aurcrest Gold will be accretive to all our holdings in thearea.”
AurCrest Gold (TSX-V: AGO) Highlights and Activities
-
- Actively exploring their 1,010 ha Ranger LakeProperty in Red Lake, Ontario
- Recently staked another 654 claims or approximately13,210 additional ha in the East Red Lake Gold Camp
- Commissioned Windfall Geotek for its use of the CARDSAI analysis, which provided excellent high probability gold targets onthe Ranger Lake Property that have been underexplored
- A Spatiotemporal Geochemical Hydrocarbon (“SGH”)survey has validated both geological units and Windfall AI CARDStargets with values up to 706 ppb Au¹ (Figure 1 & 2)
- Recently commenced their maiden drill program on theRanger Lake property utilizing high probability CARDS targets²
- AGO has drilled 8 holes on Windfall Geotek Targets atRanger Lake³
- AGO initial drilling observations have interceptedintervals with polymetallic sulphide mineralization (up to 80 %)extending from surface to 184 metres downhole³
- Rollout of AurCrest's Forest Carbon Offset with theincorporation of Big Tree Carbon Corp
Chris Angeconeb, President and CEO ofAurCrest Gold commented: “It is very significant that both the CARDS modelling and thesubsequent SGH interpretation independently categorize this targetwithin a high probability percentile . . . [helping de-risk the drillcampaign]. We are very excited to have this additional layer ofgeochemical validation to support our nascent geologic and structuralmodel and are eager to advance a broader understanding of thepotential of our Ranger Lake gold property.”
Figure 1: Windfall Geotek AI targets on AurCrest’s Ranger LakeProperty with Satellite Imagery and SGH Soil samples
Figure 2: Windfall Geotek AI targets on AurCrest’s Ranger LakeProperty with Local Geology and SGH Soilsamples
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 AurCrest Gold
AurCrest is a mineral exploration company focused onthe acquisition, exploration, and development of gold properties.AurCrest has a portfolio of properties in Ontario, which include theRichardson Lake, Ranger Lake and Bridget Lake gold properties.
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/ .
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).
Copyright (c) 2021 TheNewswire - All rights reserved.