Brossard, Quebec / The Newswire / August 19, 2020 – Windfall Geotek (TSX-V: WIN) or (“The Company”) is a mining services company and a leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 in the mining sector is pleased to announce that they have signed a contract with Flow Metals Corp. (TSX.V: FWM) to use its CARDS AI technology on the New Brenda gold project in British Columbia.
Earlier this year, The Company entered an agreement with Flow Metals Corp. (see news release dated February 25th https://windfallgeotek.com/windfall-geotek-inc-option-its-ashuanipi-gold-project-to-flow-metals-corp/)to option out the Ashuanipi Gold Property located 30-90 kilometers west and north-west of Schefferville, Quebec. The Ashuanipi project is the direct result of CARDS Artificial intelligence modeling of 330,900 sq kilometers in the northern part of the Superior Province of Quebec.
Michel Fontaine, President and CEO of Windfall Geotek commented: “We are pleased to have completed this 3rd milestone of our agreement with Flow Metal Corp, A young and dynamic team that views our association as a strategic one. Flow Metals now has two projects that will benefit from our CARDS AI targeting is very exciting as it will double the ROI for our shareholders.”
As per the agreement, Windfall Geotek will be applying the CARDS AI modeling system on the 100 sqr kilometer Brenda Gold Project, which lies in southern British Columbia, within the Quesnel Terrane and on strike with the neighboring high grade, gold producing Elk Gold Mine that has a measured and indicated resource of 400,000 Oz Au. Historical Trenching on the property has already identified narrow quartz veins grading up to 15.4 g/t Au and rock samples grading up to 265 g/t Au and yet, relatively no exploration work has been done on the property since the 1990’s.
Scott Sheldon CEO of Flow Metals commented: “We are looking to generate new gold targets at New Brenda using the CARDS AI approach. We are very confident that it can help us in a prospective but challenging area with very little surface exposure. This agreement furthers our strategic partnership with Windfall and we are excited to generate high probability targets with this collaboration.”
About Flow Metals Inc.
Flow Metals is a Canadian gold exploration company based in Vancouver. The Company seeks exciting data rich gold projects with low capital requirements. The Company holds a 100% interest in three Canadian gold projects. Please see the company presentation for more detail: flowmetals.com/slidedeck
About Windfall Geotek – Powered by Artificial Intelligence (AI) since 2005
Windfall Geotek is a services company using Artificial Intelligence (AI) with an extensive portfolio of gold, copper and zinc properties in Quebec. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence (AI), and mathematics. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
For further information, please contact:
President and CEO 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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