DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Brossard, Quebec - TheNewswire - January 7, 2021 – Windfall Geotek Inc. (the “Company”) (TSXV:WIN), (OTC:WINKF) a leader in the application of Artificial Intelligence (“AI”) and advanced knowledge-extraction techniques since 2005 in the mining sector, is pleased to announce that it’s work with Quebec Precious Metals Corporation (“QPM”) (TSX-V: CJC) reported positive results on the identified high priority gold exploration targets on its Sakami gold project (the “Project”) covering an area of 131 km2 and located in the James Bay area of Quebec. « The ground work and ultimately the drilling campaign on the High priority CARDS AI generated targets, has once again proven the value that data mining techniques can add to the exploration companies here in Quebec and globally. »stated Michel Fontaine, President & CEO of the Company.
Please see below link for more information on the validation
The Project lies within the central part of the Superior Geological Province, near the contact between the sediments and volcanic rocks of the La Grande and Opinaca geological sub-provinces. It is important to note that area was first worked in 1950 and is still largely unexplored. The Company relied upon data provided by QPM including: airborne magnetic & radiometric surveys (25 m and 12.5 m resolution); ground magnetic-VLF data (12.5 m resolution); gold assay values from 160 drill holes, as well as from 1,032 grab sample values.
The new area with high level (60,8 g/t Au over 0,3m and 15,01 g/t Au over 1,4m) were intersected in the hole PT-20-173 which is in fact validating the double targets generated by our CARDS AI identified by the Models 1 & 2. See Map showing the high priority targets:
The Company also owns 568,181 shares of QPM where we can benefit from the success of our clients.
To maximize shareholder return, Windfall Geotek participates in projects where its CARDS AI software platform has identified high potential targets. This is in the form revenue from services plus financial assets acquisition. With over 98 projects delivered successfully over the last 15 years, Windfall Geotek is a leader in mineral exploration using AI.
About Quebec Precious Metals Corporation
QPM is a new gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay Territory, Quebec, near Newmont Goldcorp Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore this project to advance it to the mineral resource estimate stage.
About Windfall Geotek
Windfall Geotek is an Exploration and Services company using AI with an extensive portfolio of gold, copper and zinc projects in Quebec. The Company has a multidisciplinary team that includes professionals in geophysics, geology, AI and mathematics. The Company's objective is to develop a royalty stream by significantly enhancing and participating in the exploration success of its clients.
For further information, please contact:
President and CEO
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.