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Highlights of the Chapais Property:
- Large property consisting of 36 claims and 1,560 hectares
- From 1953-1991 the
Chapais region produced over 1 billion pounds of copper and 1 million ounces of gold- Windfall Geotek AI system has generated significant targets for gold, copper and zinc across the entire land package that are road accessible and have grid power access (Figures 3 to 8)
Location, Access and Infrastructure of the Chapais Property:
- The Windfall Geotek’s Chapais Property is located 490 km northwest of
Montreal , 2 km west of the town ofChapais and 40 km southwest ofChibougamau in northernQuebec (NTS map sheet 32G/15).- Property is comprised of 36 claims, covers 1,560 hectares of surface area and is located 490 km’s NW of
Montreal, Quebec, Canada (Figure 2).- Road accessible & grid power access. Direct road access to the Chapais Property is via route 113 to provide access to the deposits.
Route 113 is a paved regional highway that is part of theTrans-Canada Highway . The road begins 2.5 km south of the community of the town ofChapais . The access road is currently used for diamond drill and personnel access to the site all year around. A series of ATV trails provide access to the property. Close access to the provincial electrical transmission grid is available alongRoute 113 near the town ofChapais that runs through the Chapais Property Land Claims. (Figure 2 -Quebec Route 113 & Electric Transmission Grid Wires )- Coordinates for the center of the Project site are latitude 49˚ 48’ 16’’ N and longitude -74˚ 54’ 37’’ W (506480mE, 5516890mN) at an elevation of 332 m.
Dinesh Kandanchatha, Chairman & Interim CEO commented: “As we engage with our strategic review, the management team of Windfall is looking to maximize the value of the company’s resource assets. With the demand for Copper and other base metals, Windfall is looking to develop this asset with the right operational partner. This property and AI targets reflect our commitment to our business plan of focusing on battery metal opportunities that can drive long term royalties for shareholders.”
Geological & Historical context
- The
Chapais area is host to four past producing mines which from 1953 to 1991 producing well over 1 billion pounds of copper and 1 million ounces of gold (Sigeom, MRNand Figure 1)- The
Chapais property is located in the upper part of the stratigraphic volcanic sequences of northeastern Abitibi volcanic belt, where the ultramaficCumming Complex intrudes mafic and felsic rocks of the Waconichi Formation and mafic rocks of the upperRoy Group .- Mineralization on the
Chapais property may be of Opémiska style copper-gold vein type, particularly given its proximity to the Springer and Perry mines. The mineralized veins of the Springer mine are restricted to fracture networks contained in the ophitic parts of the gabbroic Venture sill, which continues into theChapais property.
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Figure 1. Historial Producing Mines in the
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Figure 2. Satellite Imagery of Chapais Land Claims
CARDS Target Maps - Gold, Copper, Zinc
Copper Targets
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Figure 3.Plan View of CARDS AI Copper Targets with Satellite Imagery background
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Figure 4.Plan View of CARDS AI Copper Targets with Regional Geology
Gold Targets
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Figure 5.Plan View of CARDS AI Gold Targets with Satellite Imagery background
Figure 6. Plan View of CARDS AI Gold Targets with Regional Geology
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Zinc Targets
Figure 7.Plan View of CARDS AI Zinc Targets with Satellite Imagery background
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Figure 8.Plan View of CARDS AI Zinc Targets with Regional Geology
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The scientific and technical data contained in this press release was reviewed and prepared under the supervision of
About
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.
For further information, please contact:
President & CTO
Email: info@windfallgeotek.com
Website: www.windfallgeotek.com
Additional information about the Company is available under Windfall Geotek’s profile on SEDAR atwww.sedar.com. Neither the
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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