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Deal Terms:
Multi year service agreement for Windfall Geotek’s AI Consulting services
Windfall Geotek will retain the right to purchase 1% NSR Royalty for
$500,000 for any land claims Windfall Geotek finds AI targets on
East Georgie:
100% purchase option
69 mineral claims totaling 10,840 hectares
lying within an area extending north and northwest from a southern apex at the old mining camp of Anyox which hosts more than 1,000 mineral occurrences of dominantly precious metal vein type, with related skarn, porphyry and massive sulphide
Potential for Au, Ag, Cu, Mo, Pb, Zn mineralization
A series of geophyscial surveys on the property have been conducted and interpretation reports received
Over 85 individual targets selected from 7 measured or derived parameters based on statistical anomalism
Potential for
Eskay Creek , Anyox and Granduc styles of mineralizationHistoric Mineralization exists with ten Minfile Showings occurring on the Property
Click Image To View Full Size
Figure 1: Windfall Geotek AI Target Generation Process
For further information regarding the
About
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 todevelop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining and to continue the
Qualified Person
For further information, interested parties are encouraged to visit the Company’s websitewww.guyanagoldstrike.comand the Company’s profile on SEDAR (www.sedar.com) or contact the Company by telephone at 1.877.844.4661 or emailinfo@guyanagoldstrike.com.
On behalf of the Board of Directors of
President and Chief Executive Officer
Neither the
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third-party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.
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Copyright (c) 2021 TheNewswire - All rights reserved., source