Brossard, Quebec - TheNewswire - July 23, 2020 - Windfall Geotek (TSXV:WIN) is a leader in the use of Artificial Intelligence (AI) in the mining sector for digital exploration and is pleased to announce that it has signed an agreement with BTU Metals Corp to provide new high probability gold targets develop during an internal project on the Red Lake Mining Camp.
As reported by BTU Metals Corp earlier this week, the exploration team has confirmed positive results received from ongoing work using Windfall's proprietary 'CARDS' Artificial Intelligence ("AI") system on the identified high-grade gold targets. BTU is pursuing both high-grade gold targets and copper-dominant massive sulfide targets on its 200 square kilometer property, that shares a 35 kilometer border with Great Bear Resources Ltd ("Great Bear"). One-third of the property area has been analyzed, from which 35 high priority targets have been identified at a high correlation rate with known gold mineralization within the Red Lake camp. More validation and follow-up investigation of the CARDS AI generated gold targets are being conducted by BTU geologists and the highest priority targets are expected to be drill-ready later this summer.
Windfall Geotek used two distinct models in the initial investigation for BTU (Figure 1):
- Madsen Mine style gold mineralization (16 targets)
- Great Bear's Dixie style gold mineralization (19 targets)
Learn more about the geologic context of these gold target areas at www.btumetals.com/aitargets
Paul Wood, BTU CEO, said, "The early identification of so many high priority targets using Windfall's proprietary AI is very encouraging. Our property position is one of the largest in Red Lake and covers nearly 200 square kilometres. Most of the potentially gold bearing rock units are covered with overburden so additional tools and techniques can be particularly effective. This new layer of AI targeting is now being incorporated into the mix as we attempt to vector in on the areas with the highest gold potential.
Michel Fontaine President & CEO of Windfall Geotek states: "Rarely have we seen such enthusiasm in one of our completed projects. We are proud to see our talented team and methodology validated at such a quick pace. This is a great sign that our new business model and final deliverables are of high value to our clients and we look forward to adding more as we progress".
Windfall Identifies High-Grade Gold Targets on BTU Metals Corp. Ground
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. It combines available public and private datasets including geophysical, drill hole and surface data. The algorithms designed and employed by Windfall are designed to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization in the Red Lake region. Windfall has played a part in numerous past discoveries utilizing its methodology as described at: https://windfallgeotek.com/.
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 shares of its clients. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, 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 and to continue the Land Mine detection application as a high priority.
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 may contain forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release
Copyright (c) 2020 TheNewswire - All rights reserved.