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Windfall Geotek Inc
Symbol WIN
Shares Issued 89,158,881
Close 2021-01-27 C$ 0.135
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Windfall wins AI contract on Go Metals' Monster project

2021-01-27 10:06 ET - News Release

Also News Release (C-GOCO) Go Metals Corp

Mr. Michel Fontaine of Windfall reports

WINDFALL GEOTEK INITIATES FIRST AI ANALYSIS IN THE YUKON WITH GO METALS CORP'S MONSTER PROJECT

Windfall Geotek Inc. has been commissioned by Go Metals Corp. to deploy the company's proprietary CARDS (computer-aided resources detection system) artificial intelligence (AI) system. The contract will identify prospective copper-silver targets on the IOCG (iron oxide copper gold) system over Go Metals' project located in Yukon and the contract is valued at $60,000.

About Go Metals' Monster project

The Monster project covers 68.5 square kilometres over the Wernecke breccia, a hematitic breccia belt of similar style and age as IOCG deposits on Southern Australia such as Carrapateena and Olympic Dam. Windfall Geotek will use the following data provided from Go Metals:

  • 2018 magnetic-radiometric survey data at 19-metre resolution database;
  • Rock sample database (206);
  • Drill hole database (171 projected drill hole copper and silver assays) and interpreted remote sensing lineaments, faults and contacts data;
  • These data will be then merged into a data set (621 variables and 194,882 data points) to proceed to the copper-silver potential analysis with the CARDS AI system.

Jaap Verbaas, vice-president, exploration, for Go Metals, commented: "Working with Windfall Geotek allows us to accelerate our project while generating high-probability targets during the low season for fieldwork. We are already partnered with Windfall Geotek on the Ashanuipi project, where we have great targets identified by CARDS and we have lots of interest to see what they can do on our Monster project in Yukon. I am a strong believer that AI is a valuable tool for mineral exploration. AI allows for targeting without ground disturbance, mobilization cost or weather requirements. We have collected excellent data and I am convinced our drill targeting will benefit from CARDS. We look forward to working with Windfall and to our follow-up groundwork on Monster."

Windfall Geotek's CARDS analysis identifies areas of high exploration potential using several techniques listed as follows:

  • Algorithms analyze each layer of information for every drill hole/rock/soil sample and data site to create a unique signature for the mineralization that is being sought (gold, copper and kimberlites).
  • The MCubiX data mining engine (with numerous supporting algorithms) analysis recognizes patterns of information among drill holes and other sample media. The system uses these algorithms to find new patterns that are often not recognized by the naked eye.
  • The CARDS analysis identifies locations of the new mineralization signature in the exploration area. Predictions are given a cell rating by percentage.
  • Millions of spatial data points and their relationships are analyzed, which a human brain cannot do as efficiently and quickly as a computer.
  • The CARDS system becomes trained and cross-validates each model that CARDS generates. The cell rating percentage weeds out unwanted (low percentage cells) targets, leaving only the highest-probability areas for the discovery of mineralization. In some regions, this may be as low as 5 per cent of the total original project area.

Michel Fontaine, president and chief executive officer of Windfall Geotek, commented: "We are pleased to have added another contract, this time in Yukon to collaborate with Go Metals. This is our first contract in Yukon, and we are extremely confident, given the high quality of the data, that the results will generate high-probability targets. Our AI tool is exceptionally efficient when it comes to base metals and we expect to see the results reflect that in the context of the Monster project. We are confident Go Metals will benefit from our CARDS AI targeting and this contract will generate a great ROI [return on investment] for both companies' shareholders."

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Dr. Grigor Heba, PhD, PGeo, principal geologist and a qualified person as defined by National Instrument 43-101.

About Windfall Geotek Inc.

Windfall Geotek 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 data sets, 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.

We seek Safe Harbor.

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