(via TheNewswire)
DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Property Details
- The
GRUBE Project is contiguous to the eastern side of New Found Gold’s (TSX.V:NFG)Queensway Project , straddling the Gander River Ultramafic Belt (GRUB), which has the potential to be one of the main corridors for the transport of gold mineralization in the area. The project covers geological terrain that has the potential to host mineralization in secondary and tertiary structures following the presumed epizonal geological model at the Keats, Knob and Lotto Zones located 20 km to the North.-The
Roberts Arm Project is host to a past producing Cu mine. Historical production data undocumented however ore dumps at the Project were estimated to contain ~4,430 tons at a grade of 0.92% Cu and 0.35 oz/t/Ag. The Project also has multiple historical grab samples with up to 2.27 g/t Au and 4.56% Cu. The Project is contiguous and surrounded by Leocor Gold’s (CSE:LECR)Western Exploit District Project .- The
Grand Lake Gold Project hosts a historical high grade grab sample that assayed 1,234 g/t Au. It is also 7 km southwest of theGlover Island Project which is the host to a historical resource estimate of 4.5 million tonnes grading 1.7 g/t Au.
Deal Terms:
- 3 year service agreement for Windfall Geotek AI & Consulting services for a yearly cash payment
- Windfall Geotek will retain the right to purchase a 0.5% NSR for
$500,000 on theGRUBE Project - Additional 0.5% NSR for
$1,000,000 within a 10 year window from the date of drilling the first AI target on theGRUBE Project
Dinesh Kandanchatha, Chairman of Windfall Geotek commented:“We are excited to partner with the team at
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Figure 1: Satellite Imagery of
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Figure 2:
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Figure 3: Windfall Geotek AI Target Generation Process
About
Goldeneye is a mineral exploration company engaged in exploration of precious metal and base metal projects in
The Goldeneye has signed a definitive Agreement with Windfall Geotek for the
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 to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining and to continue the
For further information, please contact:
CEO of
Email:jackbalyvr@gmail.com
Website: www.goldeneyeresources.ca
Phone: 604-306-5285
President and CTO of Windfall Geotek
Email: simran@windfallgeotek.com
Website:www.windfallgeotek.com
Phone: 1-855-946-5145
Additional information about the Company is available under
FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and using information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and they are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in
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