Brossard, Quebec – TheNewswire – November 14th, 2019 – Windfall Geotek (TSXV:AIIM), 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 it has entered into an agreement with Puma Exploration Inc. (TSXV:PUMA) to develop copper exploration targets over its Chester VMS copper project (104.12 km2) located within the Bathurst Mining Camp (BMC) of New Brunswick, a world-class base metal mining district. The value of the services Agreement is $105,000.00.
Puma Exploration (PUMA:TSX-V/PUXPF:OTCBB) is a Canadian-based mineral exploration company located in Rimouski, in the province of Quebec. This junior company, which has been active in the field of mineral exploration since 2003, is distinguished by its dynamism, as evidenced by its projects at different stages of development in precious and base metals. Puma Exploration has become a major player in mineral exploration in New Brunswick through the acquisition of a diversified portfolio of mining properties. In 2014, the Company was honored to receive the Prospector of the Year award from The New Brunswick Prospectors and Developers Association.
Windfall Geotek CARDS AI software application will use data entirely provided by Puma Exploration: magnetic Mag, at 25 m resolution, electromagnetic (EM), Digital Terrain Model (DTM, at 10 m resolution), as well as 12 143 copper assays obtained from 815 drill holes. This data will be using up to 318 937 data points in order to identify new potential copper targets in this 104.12 km2 area.
“We expect to provide high potential targets to Puma that have the same signature as known copper occurrences. By identifying VMS exploration targets and possible sites with the same signature as known copper occurrences. The purpose is to create a new local VMS signature with the specific geological context of the Chester Deposit that cover a regional VMS signature done for Votorantim Canada in 2013.”
Michel Fontaine, CEO of Windfall Geotek
Windfall Geotek will be exploring new business models to advance projects where CARDS Artificial Intelligence software platform has identified a high potential target. Accordingly, to our new business model, Windfall Geotek invested $105,000 in their last private placement of September 27th, 2019.
In addition to Puma Explorations portfolio of mineral properties in New Brunswick, they also also have equity interests listed below.
About Windfall Geotek – Powered by Artificial Intelligence (AI) since 2005
Windfall Geotek (formerly Albert Mining) is a Canadian corporation offering a proven and industry-leading digital platform leveraging Artificial Intelligence (AI) technologies to significantly improve outcomes in the exploration, development, operations and financing of geologically focused projects. Principal markets encompass the global resource mining industry including virtually all forms of mineralization including oil and gas exploration. Recent advances have led to the detection of water sources and aquifers especially in drought regions, and of anti-personnel landmines and related deadly legacy hazards in conflict zones. Our applied machine learning technology offers a revolutionary approach to geologic discovery and a markedly positive economic impact on operational efficiencies.
Since 2004 our Company has added value to over 30 client discoveries and more than 80 target generation projects around the globe.
Windfall’s business model of software licensing and select equity participation ensures excellent return on investment and provides our shareholders commensurate participation on validated exploration projects. Windfall Geotek is listed on the TSX Venture exchange under the symbol AIIM.
For further information, please contact:
President and CEO of Windfall Geotek
For more information on Puma Exploration visit http://explorationpuma.com/en/