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Brossard, QC - TheNewswire - June 28, 2023 - Windfall Geotek Inc. (TSX-V:WIN) (OTC:WINKF) (FSE:L7C2) a leader in the use of Artificial Intelligence (AI) with advanced knowledge-extraction techniques since 2005 in the mining sector and is pleased to announce it has provided and completed its AI Mineral Exploration targeting services for Exploits Discovery (TSX-V:NFLD) for its Exploits South District Property Package consisting of the True Grit, Great Bend & Middle Ridge Properties located in Central Newfoundland.

Windfall Geotek generated 12 AI Targets over the project area covering 1,208.75 km2 utilizing 4,942 gold assays. The AI target analysis provides significant upside for new discoveries beyond the scope of known gold mineralization on the project.

Jeff Swinoga, President and CEO, comments, As we advance our new Horseshoe gold discovery and target development further to the north at our Gazeebow claims, we are pleased that this new technology was able to assist us with identifying numerous gold targets within our relatively unexplored southern claims. We were very impressed with Windfalls predictive AI technology and its ability to highlight the potential for significant upside for new discoveries beyond the scope of known gold mineralization on these properties.

Dinesh Kandanchatha, Interim CEO and Chairman, We are excited about the opportunity to continue our exploration activities in Newfoundland. Mr. Swinoga has been a strong partner as we continue to expand our data set and validate our models for gold.

Geological Context (https://exploitsdiscovery.com)

The Great Bend-Middle Ridge Project area (Figure 2) located in the Gander River Ultramafic Belt (GRUB) regional structure is thought to be very important in the mobilization and concentration of gold mineralization in the province of Newfoundland, Canada.

The Great Bend property is situated within the Dunnage Zone and encompasses (from west to east), the Newfoundland Geological Survey mapped Coy Pond Complex (CPC), Baie dEspoir Group (BDG), and the Davidsville Group. Lithological units are diverse across the property and consist of Cambrian to Ordovician ophiolitic ultramafics (CPC), Ordovician felsic to intermediate island-arc volcanics and siliciclastic sediments (BDG), as well as Davidsville Group Ordovician marine siliciclastic sediments. The southwest property margin contains the northeast edge of the Early Ordovician Partridgeberry Hills granite which truncates the ophiolite and siliciclastic packages.

The Middle Ridge property straddles a significant regional structure of the Dunnage Zone called the Gander River Ultramafic Belt, (GRUB), a regional scale trans-compressional thrust fault marked by a discontinuous belt of ophiolitic rock that forms the south easternmost boundary of the Exploits Subzone. The GRUB Line is believed to be a potential conduit for deep seated fluid flow and a pathway for the transportation of gold bearing fluids. This structure is spatially associated with significant gold deposition across the belt focused in secondary and tertiary structural splays from the GRUB Line, which is hosted in the Silurian siliciclastic sediments of the Exploits Subzone.

Windfall Geotek AI Gold Target List

Nr

Target ID

X (Center) Nad83 UTM21

Y (Center) Nad83 UTM21

Area (km2)

Perimt. (km)

NTS Sheet

Lithology (NFLD)

1

AI_Exploit_GB_MR_Au_01

598912

5362870

1.129

4.533

002D05

Plutonic ultramafic / Plutonic mafic (Coy Pond Complex)

2

AI_Exploit_GB_MR_Au_02

598246

5362260

0.114

1.371

002D05

Plutonic ultramafic / Plutonic mafic (Coy Pond Complex)

3

AI_Exploit_GB_MR_Au_03

598121

5361870

0.132

1.455

002D05

Plutonic ultramafic / Plutonic mafic (Coy Pond Complex)

4

AI_Exploit_GB_MR_Au_04

598133

5360910

0.434

2.790

002D05

Plutonic mafic (Coy Pond Complex)

5

AI_Exploit_GB_MR_Au_05

599620

5359430

0.473

2.773

002D05

Plutonic felsic (Partridgeberry Hills Granite) / Plutonic mafic (Coy Pond Complex)

6

AI_Exploit_GB_MR_Au_06

602085

5359150

0.145

1.523

002D05

Volcanic mafic marine (Coy Pond Complex)

7

AI_Exploit_GB_MR_Au_07

601318

5365620

0.215

1.873

002D05

Plutonic ultramafic (Coy Pond Complex)

8

AI_Exploit_GB_MR_Au_08

606342

5361360

0.367

2.463

002D05

Siliciclastic marine (Baie d'Espoir Group)

9

AI_Exploit_GB_MR_Au_09

608805

5368860

0.383

2.528

002D05

Siliciclastic marine (Baie d'Espoir Group)

10

AI_Exploit_GB_MR_Au_10

609007

5367950

0.415

2.579

002D05

Siliciclastic marine (Baie d'Espoir Group)

11

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Windfall Geotek Generates AI Exploration Targets for Exploits ... - TheNewswire.ca