Business
Windfall Geotek Announces Deal to Sell 880 Claims in Northern Ontario, South of the Ring of Fire
(TheNewswire) DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN...
About this update from Windfall Geotek Inc.
[{"type":"text","content":"Windfall Geotek Announces Deal to Sell 880 Claims in Northern Ontario, South of the Ring of Fire\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n DOES NOT CONSTITUTE AN OFFER OF THE\nSECURITIES DESCRIBED HEREIN\n \n \n \n \n Brossard, Quebec - TheNewswire - June\n13th, 2022\n \n \n – Windfall Geotek\n \n \n (TSXV:WIN\n \n \n )\n \n \n ,\n \n \n (\n \n \n OTC:WINKF\n \n \n )\n \n \n ,\n \n \n (\n \n \n FSE:L7C2)\n \n \n a leader in\nthe use of Artificial Intelligence (AI) with advanced\nknowledge-extraction techniques since 2005 in the mining sector is\npleased to announce the strategic sale of claims in northern Ontario\n160km south of the Ring of Fire. The deal consists of undisclosed\ncash, 2% NSR with a right to buy back 1%, in addition to other future\nconsiderations subject to deal conditions over the next 12\nmonths.\n \n \n \n \n Additionally, Windfall Geotek has released its new\nwebsite. Partnering with the design agency who previously worked with\nthe Prospectors & Developers Association of Canada (PDAC) the web\nplatform will highlight the assets and royalty model of using AI for\nmineral discovery.\n \n \n \n \n Dinesh Kandanchatha, Chairman of\nWindfall Geotek commented:\n \n \n “I am very excited to engage with yet another accomplished team\nwho have a track record in resource development. Our business model of\nanalyzing public data and augmenting it with capabilities from\npartners such as Draganfly to uncover hidden value continues to\nattract investors and partners from the global mining community.\n”\n \n \n \n \n \n \n About Windfall Geotek\n \n \n –\n \n \n Powered by Artificial Intelligence (AI)\nsince 2005\n \n \n \n \n Windfall is an Artificial Intelligence company that has\nbeen in business for over 15 years developing its proprietary CARDS\nanalysis (AI) and data mining techniques.\n \n \n Windfall Geotek can count on a multidisciplinary team that\nincludes professionals in geophysics, geology, Artificial\nIntelligence, and mathematics.\n \n \n It combines\navailable public and private datasets including geophysical, drill\nhole and surface data. The algorithms designed and employed by\nWindfall are calculated to highlight areas of interest that have the\npotential to be geologically similar to other gold deposits and\nmineralization.\n \n \n The Company's objective is to\...