DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Brossard, Quebec - TheNewswire - September 15th, 2021 – Windfall Geotek (TSXV:WIN) (OTC:WINKF) (FSE:L7C2) a leader in the use of Artificial Intelligence (AI) with advanced knowledge-extraction techniques since 2005 in the mining sector is pleased to announce that it’s partner Dios Exploration (TSX-V:DOS) will drill Gold AI targets on Dios Exploration’s K2 project located in the Eeyou Istchee James Bay region, Quebec (Figures 1-3).
- Windfall Geotek signed a strategic deal in June 2021 to sell Dios Exploration targets to be drilled within the year. Increasing target validation is a core part of the new strategy to help further improve our technology and prove credibility in the market
- Dios also received positive soil samples inside the area of the AI target showing a potential positive sign of gold mineralization
- The largest Windfall Geotek AI target covers an area of 0.87 km2 on the DIOS K2 Property
- The AI analysis consisted of area of 148, 969 km2 in the James Bay Region that includes four geological sub provinces the Minto, La Grande, Opinaca-Opatica subprovince, and Ashuanipi complex (from north to south), consisting of volcano-plutonic and sedimentary assemblages
- Geology indicates a contact between basalts & felsic tuffs, highlighted also by DIOS’s VLF anomalies within the AI target
- Positive soil samples inside the area of the AI target confirming as a valid gold target
Dinesh Kandanchatha, Chairman of Windfall Geotek commented: “We are excited to progress to the next phase of our relationship with the DIOS Team. We at Windfall, leverage an outcome based model for our business, and those outcomes are validated by drill programs. Both management teams share a commitment to efficient use of capital and are excited about the potential of Windfall’s technology and DIOS’ geological expertise to find and develop new resources.”
Marie- Josee Girard, Presidente & Geologist of Dios Exploration Inc commented : “We are very excited with this several km long gold-copper target area, pointed at with several combined methods, from Dios’ research and field work and Windfall Geotek AI targeting”
Figure 1 - Windfall Geotek AI Targets with Satellite Imagery base layer
Figure 2 - Windfall Geotek AI Targets with regional geology base layer
Figure 3 - Windfall Geotek AI Targets with Geophysics base layer
The scientific and technical data contained in this
press release was reviewed and prepared under the supervision of
Grigor Heba, Ph.D., P.Geo., Principal Geologist and a Qualified
Person as defined by National Instrument 43-101.
About Windfall Geotek – Powered by Artificial Intelligence (AI) since 2005
Windfall is an Artificial Intelligence company that has been in business for over 15 years developing its proprietary CARDS analysis (AI) and data mining techniques. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. It combines available public and private datasets including geophysical, drill hole and surface data. The algorithms designed and employed by Windfall are calculated to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining and to continue the Land Mine detection application as a high priority. Windfall has played a part in numerous past discoveries utilizing its methodology as described at: https://windfallgeotek.com/.
For further information, please contact:for
President and CTO of Windfall Geotek
Additional information about the Company is available under Windfall Geotek’s profile on SEDAR at www.sedar.com. Neither the TSX Venture Exchange nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and using information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and they are subject to risks and uncertainties that may 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, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).
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