Windfall Geotek Uses CARDS AI to Identify High Priority Gold Targets on Quebec Precious Metals' Sakami Project, James Bay Area, Quebec

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(TheNewswire)



Brossard, Quebec - TheNewswire - February 27, 2020 – Windfall Geotek Inc. (the “Company”) (TSXV:WIN)  a leader in the application of Artificial Intelligence (“AI”) and advanced knowledge-extraction techniques since 2005 in the mining sector, is pleased to announce that it is working with Quebec Precious Metals Corporation (“QPM”) (TSX-V: CJC) and has identified high priority gold exploration targets on its Sakami gold project (the “Project”) covering an area of 131 km2 and located in the James Bay area of Quebec. The contract is worth CAD $125,000. “The AI approach combines geological expertise, all available terrane and geophysical data and uses proven algorithms to predict the location of highly ranked exploration targets. It validates the target areas where QPM is currently performing a 25,000 m drilling campaign”, stated Michel Fontaine, President & CEO of the Company.

 

The Project lies within the central part of the Superior Geological Province, near the contact between the sediments and volcanic rocks of the La Grande and Opinaca geological sub-provinces. It is important to note that area was first worked in 1950 and is still largely unexplored. The Company relied upon data provided by QPM including: airborne magnetic & radiometric surveys (25 m and 12.5 m resolution); ground magnetic-VLF data (12.5 m resolution); gold assay values from 160 drill holes, as well as from 1,032 grab sample values. The Company also owns 568,181 shares of QPM.

 

To maximize shareholder return, Windfall Geotek participates in projects where its CARDS AI software platform has identified high potential targets. This is in the form revenue from services plus financial assets acquisition.  With over 86 projects delivered successfully over the last 15 years, Windfall Geotek is a leader in mineral exploration using AI.

 

About Quebec Precious Metals Corporation

 

QPM is a new gold explorer with a large land position in the highly-prospective Eeyou Istchee James Bay territory, Quebec, near Newmont Corporation’s Éléonore gold mine. QPM’s flagship project is the Sakami project with significant grades and well-defined drill-ready targets. QPM’s goal is to rapidly explore this project to advance it to the mineral resource estimate stage.

 

About Windfall Geotek

 

Windfall Geotek is an Exploration and Services company using AI with an extensive portfolio of gold, copper and zinc projects in Quebec. The Company has a multidisciplinary team that includes professionals in geophysics, geology, AI and mathematics. The Company's objective is to develop a royalty stream by significantly enhancing and participating in the exploration success of its clients.

 

For further information, please contact:

 

Michel Fontaine

President and CEO

Telephone: 514-994-5843

Email: [email protected]

Website: www.windfallgeotek.com


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.

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