Tickers: XTSX:AIIM, PINX:MJXFF
Tags: #Mining
Brossard, Quebec - TheNewswire - November 21st, 2019 - Windfall Geotek (TSXV:AIIM), (Company) a mining and services company and the leader in the use of Artificial Intelligence (AI) and advanced knowledge-extraction techniques since 2005 in the mining sector, is pleased to announce that it has filed a new National Instrument 43-101 (NI 43-101) Technical Report (the "Technical Report") on its Chapais Property located two km west of the town of Chapais in the province of Quebec, Canada. The technical report, which includes new exploration activities, was prepared by Even Stavre (P.Geo), and is available on SEDAR (www.sedar.com).
Highlights of the Technical Report
The Chapais Property lies within Chapais mining district, the Chapais-Chibougamau mining camp, and its mineralization style is Opemiska-type copper-gold vein; it lies in proximity to the Springer and Perry mines optioned by Power Ore Inc.
The property which was drill-tested by various operators sits in a very favorable geological setting. Based on the overall size and characteristics of the mineralized zones known to date, the Chapais Property has demonstrated a potential for prospective copper-gold and VMS-related resources. The southeast portion of the property has received the most drilling, copper-gold anomalies having been intercepted in a number of borings; on the other hand, the northwest sector has seen less drilling.
Michel Fontaine, President and CEO of Windfall Geotek commented: "We are pleased to have completed this important update of the Technical Report for the Chapais Property. This report confirms the strong mineral potential of the Chapais Property and the efficiency of the AI CARDS system to produce verifiable targets. We believe this report will provide the foundation for the Company to pursue the further development potential of the Chapais Property and allow us to begin evaluating financing options, including potential strategic alliances with other mining companies or investors".
About Relations Publiques Paradox Inc.
Paradox is a Montreal based investor relations consultancy firm that has been in business for 20 years. The firm has represented a number of public companies and has an extensive network and experience in the capital markets.
Paradox will increase the Company's visibility in the financial and investment communities through direct introduction, marketing, the use of its large proprietary database and contacts for marketing purposes, the organizing of presentations with interested parties, and the handling of incoming calls from shareholders and potential investors. Paradox's extensive experience and large network provides a full-service approach to investor relations and it will produce a creative, effective, results-driven investor relations programs for Windfall Geotek.
The investor relations agreement with Paradox has a term of 24 months from the date of TSX Venture Exchange ("TSXV") approval and may be terminated at any time without charge by either party by giving 30 days' notice. Paradox will be paid a monthly fee of $7,500 and will be granted stock options to acquire up to 350,000 common shares of Windfall Geotek at a price of $0.07 per share for a period of two years, vesting in stages over a period of 12 months in equal portions every three months starting on the date of grant, in accordance with the Company's stock option plan and the policies of the TSXV. The engagement of Paradox remains subject to the approval of the TSXV.
About Windfall Geotek - Powered by Artificial Intelligence (AI) since 2005
Windfall Geotek is a services company using Artificial Intelligence (AI) and datamining with a track record of more than 30 client's discoveries. 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
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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