Windfall Geotek (AIIM) has enjoyed great success within the mining sector for the last 15 years in helping juniors achieve their goals with more efficiency. Using their CARDS technology, they compile existing data and “Use the past to predict the future” as they say. This process is of great benefit to explorers around the world as the CARDS system can narrow down the search area and provide quality drill targets, thus saving companies considerable amounts of money in exploration efforts. Considering their successful track record of discoveries it’s easy to see why they are an emerging AI company within this sector.
This year,
discoveries on both the Noble Minerals
(NOB) project 81 in Timmins, Ontario and the Playfair mining (PLY), RKV Project in Norway, have highlighted the
value in using AI in conjunction with other geophysical tools available today.
Playfair
Mining
Playfair
mining recently announced that they had collected 1,050 samples in 24
grids which were selected by the CARDS data mining and pattern recognition
process. Each sample was analyzed for 53 elements and background values were
calculated for MMI Cu, Co and Ni. Mobile Metal Ion
(MMI) geochemistry is a proven advanced geochemical exploration technique known
to find mineral deposits. It is especially well suited for deeply buried
mineral deposits.
“Saying we are pleased with the
results so far is an understatement. The combination of the Windfall Geotek
CARDS system to identify targets and MMI to evaluate the targets has been
efficient and cost effective. The number of CARDS targets that produced
outstanding results in the MMI evaluation process exceeded our expectations.
Playfair’s innovative approach has certainly optimized our ability to move the
project forward with a sharp focus in a short timeframe. We are aiming to have
the most obvious of the significant CARDS/MMI confirmed targets drill tested in
the next few months. And to top it off, we still have many other excellent
targets for follow-up.”
Don Moore, CEO of Playfair Mining
For some perspective on MMI analysis here is a rough guide
to gauge results followed by the Table of contents released by Playfair Mining on
November 7th, 2019.
Values of less than 25 times background are considerednot significant.
Values between 25 – 50 times background are considered
possibly significant.
Values between 50 – 100 times background are considered
significant,
Values between 100 – 200 times background are considered
very significant
Values more than 200 times background are considered
highly significant.
RKV 2019 MMI RESULTS
Playfair plans to follow up all 15 grids over the CARDS AI
Targets where sample values are greater than 50 times background in one or more
of copper, nickel or cobalt obtained during the first phase of MMI sampling.
Four grids, VMS-18, VMS-19, VMS-08 and
VMS-01 are rated higher priority
and will be followed up first by the company. Furthermore, the areas of focus
have been narrowed down quite successfully as highlighted by Michel Fontaine in
their latest news release.
“CARDS focused exploration down to 2.5 km2 from
the original 295.96 km2. This is a great example of how Windfall Geotek can
reduce the cost of exploration. In this case the prospect territory was reduced
by 99%. The fact that we were able to produce verifiable targets in weeks
creates great value for Playfair investors and at a fraction of the cost of
other exploration methods.”
Michel Fontaine, President and CEO
Noble Minerals
On the Noble Minerals project 81, the CARDS technology helped in defining a very large nickel sulphide deposit on the Crawford Township which has become the company’s current focus of exploration. Not only did Windfall narrow in on the nickel deposit but their role this may have sparked some interest from other experts in the field.
“The potential is huge! CARDS has
proven once again that AI can drastically reduce the cost of exploration. In this
case CARDS predicted 12 potential targets, and Noble Minerals was able to
validate the best target quickly and cost effectively.”
Michel Fontaine, President and CEO
The 2018/19 drilling program and metallurgical studies performed by Spruce Ridge and its Joint Venture partners on the Crawford Ultramafic Complex proved to be very successful. The 4-hole drill program resulted in wide intersections of up to 558 m of serpentinized dunite and peridotite with consistent concentrations of nickel, cobalt, palladium and platinum. The study was successful in determining whether nickel and other elements occur in the sulphide state, which could be economically extracted from the ultramafic host rocks identified by Windfall Geotek’s CARDS system.
Former CEO
of RNC Minerals, Mark Selby became interested in this project given the
similarities to the Dumont deposit. He
spent many years developing the Dumont Nickel-Cobalt project
through to a fully permitted, construction ready project and it was a great
opportunity for him to get involved after resigning from RNC. On October 1st,
2019, Mark Selby was appointed Chairman and
CEO of Canada Nickel Corp, a newly formed subsidiary of Noble. Canada Nickel
will hold a 100% interest in the Crawford Nickel asset and will continue to
drill on the property and continue to develop on this discovery in the Timmins
mining camp.
Building on the foundation
Michel has been working on expanding the footprint within the mining sector and traveling to show people the benefits of the technology. Last week, he was in Peru marketing his product at the Latin American Mining Show and with any luck he can continue to lock down leads for future endeavors. Michel is very confident in his technology and is eager to find new projects to work on and invest in for future growth.
Cards has proven to be
an exceptional tool for explorers and no doubt holds value in this sector no
doubt! However, there are other areas which CARDS can be applied to… Earlier
this year, Dinesh Kandanchatha joined Albert Mining as Chairman of the Board,
his experience in the technology sector and track record of success made him an
ideal candidate to help guide this company into the next phase of its evolution.
He remained
fairly quiet after taking the role, until more recently when he agreed to do an
interview with us in September. In the interview, Dinesh portrayed confidence
in the technology and his ability to execute while offering some insight to
where he wanted to take this company.
Michel and
Dinesh recognized a need to re-brand the company to reflect their changing
business model. They promptly changed the name to Windfall Geotek and revamped
their website. They also arranged a meet and greet with Dinesh for shareholders
to offer some guidance about the company’s focus and direction moving forward. I
believe we are soon going to see what Michel and Dinesh have been up to as they
have been setting themselves up for many months now.
“Our CARDS software platform has
applications beyond mining, and the board picked Windfall Geotek to reflect
that opportunity. We have proven ourselves in the mining industry for the past
15 years, and are now exploring applications in defense, construction, and
other sectors. It is our goal to make Windfall Geotek the premier AI based
technology company for geotechnical work globally.”
Dinesh Kandanchatha, Chairman of Windfall Geotek
Michel
spoke with us back in April about how the CARDS system could be utilized in
finding landmines and has since been exploring this as a major opportunity for
the company moving forward. For some perspective on the significance of land
mine detection here are a few interesting stats.
First
off, there are an estimated 60 – 100 million anti personnel mines left behind
worldwide dating as far back as the First World War.
Did
you know that approximately 10 people that fall victim to landmines every day? That’s
4,000 people every year and In total over 1 million people have been killed or
mamed by landmines worldwide.
Landmines
are depriving some of the poorest people in the world access to arable land,
water sources.
Places
hardships on local communities when someone is injured by a land mine due to
the lack of medical supplies and resources in remote areas.
Approximately
60 countries around the world are affected by APM’s
The
average cost to locate and clear landmines is an estimated $2.25 USD per 8.75
m2 or $5625 USD/$7,500 CAD per mine found. That’s 750 billion dollars!
Even a
fraction of this market could produce some lucrative contracts… Michel
believes that his technology can change the way landmines are identified and
recovered through the use of their technology. So while the bread and butter of
Windfall Geotek may be in the mining sector, they are actively looking to
expand their operations with a focus on the technological ability of the CARDS
system.
Dinesh was
brought on board because of his experience and his connections to the
securities sector, this will bode well for the company as they transition their
focus to the technological side of the company. With the upcoming road show they
will get to showcase their vision at various conferences and meetings which
will bring new opportunities for the company to expand on their success. I
think it’s safe to say that the benefits of this technology have been realized by
the market and we are ready for the next phase of development at Windfall
Geotek.
For more information on Windfall Geotek please visit their landing page on
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