(TheNewswire)
DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Brossard, Quebec - TheNewswire - October 5th, 2021 – Windfall Geotek Inc. (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 report Playfair mining (TSXV: PLY) has begun drilling 7 AI targets that were generated by Windfall Geotek on the RKV Copper project in South Central Norway (Figure 1-2) ) ( Press release of December 6th, 2019 and July 21st, 2020)
News Highlights
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- Drilling in progress at the Rødalen high copper MMI anomaly, the first of seven drill targets delineated by Windfall Geotek CARDS AI in five areas.
- Drill Notifications have been made and approved for 38 initial drill holes and up to 122 additional holes dependent on results
- Windfall Geotek provided Playfair Mining with 24 targets in October 2019
- Drill Targets were followed up with MMI sampling returning high copper values confirming AI targets
- Drill Target Locations to be tested
|
Name
|
Easting
|
Northing
|
|
Sæterfjellet
|
573865
|
6940050
|
|
Kletten 1
|
573070
|
6930545
|
|
Kletten 2
|
572835
|
6930290
|
|
Røstvangen 1
|
571755
|
6917715
|
|
Røstvangen 2
|
571580
|
6917650
|
|
Storboren
|
569610
|
6911352
|
|
Rødalen
|
568465
|
6906585
|
Geological Context
The Norwegian Geological Survey (NGU) reports: “The Rødalen deposit was mined in the period between 1750 to 1810, with further exploration until 1918. About 40,000 tonnes of copper-rich ore was produced. The deposit is hosted by quartzite and thin horizons of amphibolite in generally calcareous biotite mica schist of the Gula group. The mineralization is totally covered by waste, but old reports describe the ore as 1-2 m wide ore zones rich in chalcopyrite and zones of massive pyrite and pyrrhotite.” NGU further reports that samples taken from the dump by NGU geologists contained up to 1.81% copper and 0.96 gpt gold
Simran Kamboj, President and CTO of Windfall Geotek commented: “It is fantastic to see our client Playfair Mining making progress following a methodical work flow on our priority targets. This is an important milestone to further follow up on key areas on the project. Identifying drill targets is always a collaborative effort; we’re happy to have played a key role in this process. We wish the Playfair Mining team best of luck and we can’t wait to hear about the outcome of this drilling program.”
Don Moore, CEO of Playfair Mining added: “It’s a long and winding road to discovery. After over two years of methodical exploration using modern methods such as Windfall Geotek AI in an almost 400-year-old under-explored mining district Playfair has defined seven high priority drill targets in five areas. We have now started our drill program to test these compelling targets from Windfall Geotek Inc.”
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Figure 1: Planned AI Drill Targets
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Figure 2: Rødalen Drill Target
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Figure 3: Rødalen AI Target MMI Results
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
Email: simran@windfallgeotek.com
Website: www.windfallgeotek.com
Phone: 1-855-946-5145
Additional information about the Company is available under Windfall Geotek’s profile on SEDAR atwww.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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