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Windfall Geotek Partners with Goldeneye Resources on a Multi Year, Multi Property Artificial Intelligence Agreement in Newfoundland
(TheNewswire) DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN...
About this update from Windfall Geotek Inc.
[{"type":"text","content":"Windfall Geotek Partners with Goldeneye Resources on a Multi Year, Multi Property Artificial Intelligence Agreement in Newfoundland \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 -\nAugust\n \n \n 20\n \n \n , 2021\n \n \n – Windfall\nGeotek\n \n \n (TSXV:WIN\n \n \n )\n \n \n (\n \n \n OTC:WINKF\n \n \n )\n \n \n (\n \n \n FSE:L7C2)\n \n \n a leader in the use of Artificial Intelligence (AI) with\nadvanced knowledge-extraction techniques since 2005 in the mining\nsector is pleased to announce it will be providing it’s Artificial\nIntelligence Targeting Technology partnering with\n \n \n Goldeneye Resources Corp\n(TSXV:GOE)\n \n \n for three project’s it has acquired\nin Newfoundland. The GRUBE East (Gander River Ultramafic Belt East) is\nimmediately to the East of and borders the Claims of New Found Gold\nCorp (TSXV:NFG) located approximately 20km south-east of the Keats\nZone. Windfall Geotek will also work with Goldeneye Resources Corp on\ntheir prospective Roberts Arm & Grand River Properties. The\nProjects are located in the province of Newfoundland and cumulatively\nencompass a land area of approximately 148 Km² (~14,800 Ha).\n \n \n \n \n Deal Terms:\n \n \n \n \n \n \n - 3 year service agreement for Windfall Geotek AI &\nConsulting services for a yearly cash payment\n \n \n \n \n - Windfall Geotek will retain the right to purchase a\n0.5% NSR for $500,000 on the GRUBE Project\n \n \n \n \n - Additional 0.5% NSR for $1,000,000 within a 10 year\nwindow from the date of drilling the first AI target on the GRUBE\nProject\n \n \n \n \n \n \n Property Details\n \n \n \n \n \n \n - The\n \n \n GRUBE\nProject\n \n \n is contiguous to the eastern side of New\nFound Gold’s Queensway Project, straddling the Gander River\nUltramafic Belt (GRUB), which has the potential to be one of the main\ncorridors for the transport of gold mineralization in the area. The\nproject covers geological terrain that has the potential to host\nmineralization in secondary and tertiary structures following the\npresumed epizonal geological model at the Keats, Knob and Lotto Zones\nlocated 20 km to the North.\n \n \n \n \n - The\n \n \n Roberts\nArm Project\n \n \n is host to a past producing Cu mine.\nHi...