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July 14, 2020
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July 14, 2020
Brossard, Quebec / The Newswire / December 11, 2019 – Windfall Geotek (TSX-V: AIIM), a Canadian mining technology and services company and a global leader in the use of Artificial Intelligence (AI) for advanced knowledge-extraction techniques since 2005 is pleased to announce that it has entered into an agreement with Evolution Mining Ltd (ASX: EVN) to develop gold exploration targets over its Kintore Project (88 sq/km) located in the in the Kalgoorlie Gold Field in Western Australia. The ground is underlain by Neoarchean Kalgoorlie granite-greenstone Terrane in the Goldfields Province of the Yilgarn Craton.
Windfall Geotek will use data entirely provided by Evolution Mining: magnetic and Digital Elevation Model (15m resolution); gravimetry (30m resolution); structural (lineaments), and 229 314 gold assays collected from 6 440 drill holes. This data will be then merged into a single dataset and gridded to 15m cell size (which corresponds to 389 424 data points) in order to proceed to the gold mineral potential analysis with CARDS.
“With this contract , it clearly confirm that we are the global reference for the use of AI in brownfield exploration”
Michel Fontaine CEO of Windfall Geotek
By using its CARDS technology, Windfall Geotek will assist Evolution Mining in identifying gold exploration targets and possible sites with the same signature as known gold occurrences. Windfall uses its proprietary technology to analyze geophysical, geochemical, and geological data to discover the patterns hidden in the large amount of data that Evolution Mining owns.
“Windfall Geotek CARDS Artificial Intelligence has over 90 successful projects over the past 15 years, with a track record that is unmatched in digital exploration.”
Michel Fontaine CEO of Windfall Geotek
Windfall Geotek is also please to inform that it has filed for Trade marks ™ for its brand name in USA, CANADA and AUSTRALIA, ensuring a long-term value for its shareholders.
Evolution Mining
Evolution Mining is a leading, growth focussed Australian gold company. In FY18 Evolution produced 801,187 ounces of gold at an AISC of A$797 per ounce to reach seven consecutive years of achieving production and cost guidance. Evolution has guided FY19 Group gold production of 720,000 – 770,000 ounces at an All-in sustaining cost of A$850 – A$900 per ounce of gold.
Evolution owns and operates five gold operations. Three of the operations are located in Queensland, Australia, one in New South Wales and one in Western Australia. Evolution Mining’s diversified portfolio combining production and growth has made it become the second largest ASX listed gold miner.
The Mungari operation holds a major footprint in the world class Kalgoorlie district and Kintore is located within this land package and will be the primrary focus for Windfall Geotek. Evolution the has opportunity for high-grade discoveries to increase production, lower costs and extend mine life. It is forecast to produce between 115,000oz and 125,000oz in FY19. Mungari is a key asset in Evolution’s portfolio and consists of underground mining at Frog’s Leg, open pit mining at White Foil and a strategically located 1.6Mtpa process plant.
The 1.6Mtpa processing plant which was completed on-time and on-budget (A$110 million) in June 2014, consists of three stage crushing and ball milling, followed by conventional leaching.White Foil now benefits from lower processing and haulage costs, making a larger portion of the resource economic. Driven by this ability to process the White Foil ore, exploration resumed in late 2012 and resulted in a 4-fold increase to reach an endowment of nearly 2 Moz.
Windfall Geotek
Powered by Artificial Intelligence (AI) since 2005 Windfall Geotek is a services company using Artificial Intelligence (AI) with an extensive portfolio of gold, copper and zinc properties in Quebec. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. The Company’s objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining.
For further information, please contact:
Michel Fontaine
President and CEO of Windfall Geotek
Telephone: 514-994-5843
Email: michel@windfallgeotek.com
Website: www.windfallgeotek.com
You can also visit our landing page on Insidexploration @ insidexploration.com/aiim/
Additional information about the Company is available under Windfall Geotek’s profile on SEDAR at www.sedar.com.
I am a 3rd generation miner who was born and raised in the silver capital of Canada, Cobalt, Ontario. For the last 10 years I have been invested in the mining sector and as a retail investor found it difficult gathering information on companies of interest. For this reason we created Insidexploration.com as a means to share our due diligence with investors all around the world. Disclosure The thoughts and opinions expressed in my articles and research reports are my own and do not represent those of the companies I write about. I often buy and sell the stocks I write about and may do so at any point in time without warning. Disclaimer My articles and research reports should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided is derived from sources believed to be accurate, but cannot be guaranteed. I do not take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. I am not a registered financial advisors and one should always do your own due diligence and consult a licensed investment adviser prior to making any investment decisions. Always reference www.SEDAR.com for important risk disclosures.
In Vancouver? Stop by VRIC at the convention centre, booth #203 $PUMA.v #resourceinvesting #goldexploration #familyoffices
On May 10, we announced a new #nickel discovery at our Reid property. Two drill holes have been completed as part of our regional #exploration program, with the 2nd hole intersecting dunite across the entire core length.
Read more: https://canadanickel.com/wp-content/uploads/2022/05/2022-05-10-CNC_Regional-Drilling-Release-v12.pdf
$CNC #Drilling
Amazing first day of #VRIC2022 with @DraganflyInc in Vancouver. If you're attending tomorrow be sure to stop by booth 829 to check us out and learn more! https://twitter.com/DraganflyInc/status/1526694467532513281
The new @DraganflyInc Heavy Lift Drone made its debut today at The Vancouver Resource Investment Conference with our partners at @WGeotek. Stay tuned for more on this amazing drone! $DPRO
On May 24 at 1pm ET/6pm GMT, Chair & CEO, Mark Selby will be joining Donald Leggatt for a @LondonSouthEast live webinar event. Tune in for a company presentation on our flagship Crawford #Nickel Project and more!
Register here: https://us02web.zoom.us/webinar/register/3816522592690/WN_7FT6Y5oCQoaX_4dU2zazBg
$CNC #Mining
We will be in attendance at the Vancouver Resource Investment Conference today and tomorrow. Drop by booth #1029 and learn more about our 2 exciting projects in Quebec and Ontario, Canada.
EXPLORATION UPDATE:
Red Lake District & Walker Lane Trend
#Newrange #NewrangeGold #Gold #PreciousMetals #Exploration #Prospecting #Mining #JuniorMining
https://newrangegold.com/news/news-releases/2022/newrange-provides-exploration-update/
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