Windfall Geotek Provides New AI Targets to Dios Exploration on the K2 Project Located in James Bay, Quebec
23 June 2021 - 10:18PM
Windfall Geotek
(TSX-V: WIN, OTCQB: WINKF, FSE:
L7C2) a leader in the use of Artificial Intelligence (AI)
with advanced knowledge-extraction techniques since 2005 in the
mining sector is pleased to announce that it will provide AI Gold
targets on Dios Exploration’s K2 project located in the Eeyou
Istchee James Bay region, Quebec (Figures 1-3).
News Highlights
- The largest Windfall Geotek AI
target covers an area of 0.87 km2 on the DIOS K2 Property
- The AI analysis area of 148, 969
km2 in the James Bay Region includes four geological sub provinces
the Minto, La Grande, Opinaca-Opatica subprovince, and Ashuanipi
complex (from north to south), consisting of volcano-plutonic and
sedimentary assemblages
- Geology indicates a contact between
basalts & felsic tuffs, highlighted also by DIOS’s VLF
anomalies within the AI target
- The area is well known for its
emerging potential for gold and base metal mineralization
Dinesh Kandanchatha, Chairman of
Windfall Geotek commented: “We are
pleased to announce this agreement with Dios Exploration where we
are able to take advantage of our history of work in that region
having done the Elmer project in the past which has had positive
results. We are excited to be working with Dios Exploration in a
Win-Win scenario at a strategic time with the upcoming field work
Dios is undertaking over summer 2021.”
Marie- Jose Girard, President &
Geologist of Dios Exploration Inc commented: “We are
thrilled to have acquired this high probability target ahead of our
Summer 2021 campaign in the same region. We have seen positive
results with our neighbour (Elmer project) in the same geological
context and we feel this target has good potential to be
incorporated into our drilling program.”
The scientific and technical data contained in
this press release was reviewed and prepared under the supervision
of Grigor Heba, Ph.D., P.Geo., Principal Geologist and a
Qualified Person as defined by National Instrument
43-101.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/.
For further information, please contact:
Simran Kamboj
President and CTO of Windfall Geotek
Email: simran@windfallgeotek.com
Website: www.windfallgeotek.comPhone:
1-855-946-5145
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).
Figures accompanying this
announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c024b479-13a2-46ca-8a40-e1ab03e77748
https://www.globenewswire.com/NewsRoom/AttachmentNg/76b02947-e4f5-4c99-9e28-d963cd499190
https://www.globenewswire.com/NewsRoom/AttachmentNg/3ddef79a-882e-4b18-9a6c-996bd2c9ba83
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