Windfall Geotek to develop Chester for Puma Exploration

Nov 14, 2019

2019-11-14 12:52 ET – News Release

See News Release (C-AIIM) Windfall Geotek Inc

Mr. Michel Fontaine reports

PUMA SELECTS WINDFALL GEOTEK CARDS AI TO TARGET COPPER AT THE CHESTER VMS PROJECT OF NEW BRUNSWICK

Windfall Geotek Inc. has entered into an agreement with Puma Exploration Inc. to develop copper exploration targets over its Chester volcanic massive sulphide (VMS) copper project (104.12 square kilometres), located within the Bathurst mining camp (BMC) of New Brunswick, a world-class base metal mining district. The value of the services agreement is $105,000.

Windfall Geotek CARDS AI software application will use data entirely provided by Puma Exploration: magnetic mag (at 25-metre resolution), electromagnetic (EM) and digital terrain model (DTM, at 10-metre resolution), as well as 12,143 copper assays obtained from 815 drill holes. These data will be using up to 318,937 data points in order to identify new potential copper targets in this 104.12-square-kilometre area.

“We expect to provide high-potential targets to Puma that have the same signature as known copper occurrences by identifying VMS exploration targets and possible sites with the same signature as known copper occurrences. The purpose is to create a new local VMS signature with the specific geological context of the Chester deposit that cover a regional VMS signature done for Votorantim Canada in 2013,” said Michel Fontaine, chief executive officer of Windfall Geotek.

Windfall Geotek will be exploring new business models to advance projects where CARDS AI software platform has identified a high-potential target. Accordingly, to its new business model, Windfall Geotek invested $105,000 in its last private placement of Sept. 27, 2019.

About Windfall Geotek Inc.

Windfall Geotek is a services company using artificial intelligence with an extensive portfolio of gold, copper and zinc properties in Quebec.

http://explorationpuma.com/en/