Windfall Geotek (WIN.V) has been tapped by Go Metals to help find prospective copper-silver targets on the IOCG over Go Metals project in the Yukon using their CARDS artificial intelligence (AI) program, according to a press release.
The Go Metals Monster Project coves 68.5 km over the Wernecke Breccia, a hematitic breccia belt similar to the IOCG deposits on Southern Australia, like the Carrapateena and Olympic Dam. The contract is valued at CAD$60,000.
“Working with Windfall Geotek allows us to accelerate our project while generating high-probability targets during the low season for field work. We are already partnered with Windfall Geotek on the Ashanuipi project where we have great targets identified by CARDS and we have lots of interest to see what they can do on our Monster project in Yukon. I am a strong believer that AI is a valuable tool for mineral exploration. AI allows for targeting without ground disturbance, mobilization cost, or weather requirements. We have collected excellent data and I am convinced our drill targeting will benefit from CARDS. We look forward to working with Windfall and to our follow-up groundwork on Monster,” said Jaap Verbaas, vice president of exploration for Go Metals.
Windfall is essentially an artificial intelligence company that’s been busy developing its CARDS analysis artificial intelligence platform and data mining techniques throughout their 15 year lifespan. They can call upon a team of professionals in geophysics, geology, AI, and mathematics. The program combines public and private datasets including geophysical, drill hole and surface data into algorithms. These are then used to calculate the probability that any given area will have the potential to be geologically similar to other gold deposits and mineralization.
Windfall Geotek will use the following data provided from Go Metals:
- 2018 Magnetic-Radiometric survey data at 19m resolution database.
- Rock samples database.
- Drillhole database (171 projected drillhole Cu & Ag assays ) and interpreted remote sensing lineaments, faults, and contacts data.
- This data will be then merged into a dataset ( 621 variables & 194 882 datapoints) to proceed to the copper-silver potential analysis with CARDS AI system.
Trading was flat today on the news, even as the past two months have spelled a considerable updraft in Windfall’s fortunes. They closed today at $0.135 and a $12 million market cap.
—Joseph Morton