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 considered not 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.
Crawford Nickel Project – 2018 Diamond Drilling Results
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!
For more information on landmines click here
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.
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We are a multimedia marketing platform geared towards the investing community however we are not financial advisors! This article is not intended to be investment advice.We highly recommend you consult a financial advisor before making any investing decisions. This article may contain forward looking statements and are the opinion of the author. Please do your own due diligence.
Disclosure:
Windfall Geotek is a sponsor of Insidexploration
Insidexploration currently holds a small position in AIIM.
