(via TheNewswire)
DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN
Deal Term Highlights:
- Upon closing issuance of 3 million shares,
$250,000 cash and a 2 % NSR to Windfall Geotek- Windfall provides
Goldeneye Resources a 4 year option to agreement earn 95% of the project- Multi year AI digital exploration services contract for undisclosed cash considerations
-
Golden Eye to assign a board seat to Windfall Geotek upon approval from the board of directors- Windfall Geotek commits to investing
$120,000 intoGoldeneye Resources Corp
Corallen Lake Property Highlights:
- Road/trail accessible and close to major infrastructure
-
The Corallen Lake property lies less than 9 km northwest of the Red Lake Main Gold Trend- Hosts favorable geological units within the property boundary that have been proven in the
Red Lake mining camp- Potential for brittle-ductile structures, which host gold deposits in the region
- Multiple high probability AI targets generated by Windfall Geotek within the property boundary
- Current Gold operators in the
Red Lake camp include Pure Gold Mining (Madsen Mine ) and Evolution Mining (Red Lake , Campbell andCochenour Mines )
Dinesh Kandanchatha, Chairman of Windfall Geotek commented:“We are excited to partner with the team at
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Figure 1- Map of Corallen Lake Property Claims with AI Targets in
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Figure 2- Windfall Geotek AI Targeting Process
About
Goldeneye is a mineral exploration company engaged in exploration of precious metal and base metal projects in
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
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 underGoldeneye’sprofile 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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