(TheNewswire)
December 1, 2021 – TheNewswire - Vancouver, Canada - Guyana Goldstrike Inc.(the “Company” or “Guyana Goldstrike”) (TSXV:GYA) (OTC:GYNAF) ispleased to announce it has partnered with Windfall Geotek Inc. (TSX-V: WIN, OTCQB: WINKF, FSE: L7C2) a leader in the use of Artificial Intelligence(AI) with advanced knowledge-extraction techniques since 2005 in themining sector to provide its Artificial Intelligence TargetingTechnology for the East Georgie Polymetallic Project (“East Georgie” or the“Property”) located in the prolific GoldenTriangle region of British Columbia.
Deal Terms:
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Multi year service agreement for Windfall Geotek’s AI Consulting services
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Windfall Geotek will retain the right to purchase 1%NSR Royalty for $500,000 for any land claims Windfall Geotek finds AItargets on
East Georgie:
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100% purchase option
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69 mineral claims totaling 10,840 hectares
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lying within an area extending north and northwest froma southern apex at the old mining camp of Anyox which hosts more than1,000 mineral occurrences of dominantly precious metal vein type, withrelated skarn, porphyry and massive sulphide
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Potential for Au, Ag, Cu, Mo, Pb, Znmineralization
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A series of geophyscial surveys on the property havebeen conducted and interpretation reports received
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Over 85 individual targets selected from 7 measured orderived parameters based on statistical anomalism
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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
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.”
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.”
Figure 1 :Windfall Geotek AI Target Generation Process
For further information regarding the East GeorgieProject, readers are encouraged to review the Company’s news releaseof July 26, 2021. Acquisition of the option to acquire the EastGeorgie Project remains subject to a number of conditions, includingthe completion of any necessary financing, the completion of atechnical report, the approval of the TSX Venture Exchange and thesatisfaction of other closing conditions customary in transactions ofthis nature.
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 consists of 69 active mineral claims totalling 10,840hectares (ha). It lies within an area extendingnorth and northwest from a southern apex at the old mining camp ofAnyox which hosts more than 1,000 mineral occurrences of dominantlyprecious metal vein type, with related skarn, porphyry and massivesulphide
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 to develop a new royalty stream by significantlyenhancing and participating in the exploration success rate of miningand to continue the Land Mine detection application as a highpriority. Windfall has played a part in numerouspast discoveries utilizing its methodology as described at: https://windfallgeotek.com/ .
Qualified Person
Christopher (Kit) Campbell, P. Geo., is a QualifiedPerson in accordance with National Instrument 43-101 – Standards of Disclosure for MineralProjects . Mr. Campbell has reviewed andapproved the scientific and technical content of this newsrelease.
For further information, interested parties areencouraged to visit the Company’s website www.guyanagoldstrike.com and theCompany’s profile on SEDAR ( www.sedar.com ) or contact the Companyby telephone at 1.877.844.4661 or email info@guyanagoldstrike.com .
On behalf of the Board of Directors of
GUYANA GOLDSTRIKE INC.
Peter Berdusco
President and Chief Executive Officer
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.
This news release may containcertain “Forward-Looking Statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 andapplicable Canadian securities laws. When used in this news release,the words “anticipate”, “believe”, “estimate”,“expect”, “target, “plan”, “forecast”, “may”,“schedule” and other similar words or expressions identifyforward-looking statements or information. These forward-lookingstatements or information may relate to future prices of commodities,accuracy of mineral or resource exploration activity, reserves orresources, regulatory or government requirements or approvals, thereliability of third-party information, continued access to mineralproperties or infrastructure, fluctuations in the market for gold, andother factors or information. Such statements represent theCompany’s current views with respect to future events and arenecessarily based upon a number of assumptions and estimates that,while considered reasonable by the Company, are inherently subject tosignificant business, economic, competitive, political and socialrisks, contingencies and uncertainties. Many factors, both known andunknown, could cause results, performance, or achievements to bematerially different from the results, performance or achievementsthat are or may be expressed or implied by such forward-lookingstatements. The Company does not intend, and does not assume anyobligation, to update these forward-looking statements or informationto reflect changes in assumptions or changes in circumstances or anyother events affections such statements and information other than asrequired by applicable laws, rules and regulations.
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