Brossard, Quebec – May 11, 2021 – Windfall Geotek (TSXV:WIN), (OTC:WINKF), (FSE:L7C2) (“Windfall” of the “Company”) a mining technology company and a leader in the use of Artificial Intelligence (AI) with advanced knowledge-extraction techniques since 2005 announces it has signed a binding letter of intent to enter into an agreement to develop the Chapais property (See Windfall News Release dated April 8th, 2021). Terms of the definitive agreement are to be finalized no later than July 19, 2021 and will include:
Dinesh Kandanchatha, Chairman commented: “We had a lot of interest in this property, and are pleased to announce that we have selected a partner with whom we envision having a relationship with over the long run. Our intent is to work with partners who understand the value our technology can unlock throughout the various stages of the project.”
About the Chapais Property
About Windfall Geotek – Powered by Artificial Intelligence (AI) since 2005
Windfall is an Artificial Intelligence company that has been in business for over 15 years developing its proprietary Windfall AI analysis and data processing 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 datasets 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. Windfall Geotek AI increases shareholder value by reducing both time & exploration costs while reducing the environmental impact from mineral exploration. Windfall Geotek looks forward to leveraging it’s AI technology to find both precious and base metals which will play a critical part in the future of electrification & reducing the world’s carbon footprint. 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. Windfall has played a part in numerous past discoveries utilizing its methodology as described at: https://windfallgeotek.com/
For further information, please contact:
President & CTO
Tel : 1 (450) 678-8882
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.
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and using information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and they are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).