Brossard, Quebec – TheNewswire – October 8, 2020 – Windfall Geotek (TSXV:WIN) (OTC:WINKF) a mining and technology services company and leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 in the mining sector, is pleased to report highlights for the 2nd quarter of its fiscal year in 2020 and its outlook for the remaining of the year into 2021.
Michel Fontaine President & CEO of Windfall Geotek states: “It is with great pleasure that we wish to recap the sales progress Windfall Geotek has made during our very busy Q2 period, which has generated a lot of internal excitement during a bullish market in the mining sector. Indeed, it has never been a better time for digital exploration and, as such, we have been engaging with exploration companies globally.”
Highlights of 2nd quarter (Signed contract for total value of $354,250 an increase of more than 250% over the same period last year)
In addition to our significant market traction for the CARDS AI-based digital exploration system, we were able to make significant progress regarding our land mine detection application as we received our first data set from testing in the desert of Arizona. The analysis of the first data set which was provided by drone-supported magnetic surveying resulted in highly-promising advancement of the projects. We have also added some new team members to our highly skilled team to help with the development of our land mine detection application as it is advancing rapidly. The addition of the new members will allow Windfall to dedicate a full-time person to this project without it affecting the workflow for our mining clients. Windfall is now on a path that will allow us to market this application that could lead to a major new revenue stream and an increase in returns for Windfall Geotek shareholders.
I wish to thank our existing shareholders for their support and confidence as we pivot the business to our new operating model and markets. Currently Windfall owns shares of multiple companies through business deals that has a total value of $1,350,000. It is clear that we are gaining momentum and are rapidly establishing ourselves as a leader in digital exploration.
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 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 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. 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/.