This is Why Miners are Investing in Artificial Intelligence

June 23, 2021 -

Mining has become essential. With a growing population, urbanization, demand for green energy, buildings, cars, and even more electronic gadgets, we’ll see an increased need for metals. What makes mining even more valuable is the fact we’re already coming up short on necessary metals, like copper, silver, platinum, palladium, nickel, cobalt, and rhodium to name a few. That’s just part of the reason investors may be pouring money into the red hot mining sector, fueling potential upside for companies such as Windfall Geotek Inc. (TSXV:WIN) (OTC:WINKF)(FSE:L7C2), Emerita Resources Corp. (CVE:EMO)(OTC:EMOTF), Labrador Gold Corp. (TSXV:LAB)(OTC:NKOSF), Eskay Mining Corp. (TSXV:ESK)(OTC:ESKYF), and Goldshore Resources Inc. (TSXV:GSHR)(OTC:SMDXD).

In addition, “The mining industry is seeing an increase in artificial intelligence (AI) investment across several key metrics, according to an analysis of GlobalData data,” as noted by Mining Technology. Plus, according to PreScouter, “McKinsey estimates that by 2035, the age of smart mining achieved through autonomous mining using data analysis and digital technologies like artificial intelligence (AI) will save between $290 billion and $390 billion annually for mineral raw materials producers.” That’s beneficial for companies like Windfall Geotek, which is providing artificial intelligence (AI) to unearth minerals with a higher likelihood of success.

Windfall Geotek Provided AI Gold Target to Dios Exploration on K2 Project in Quebec

Windfall Geotek (TSXV:WIN; OTCQB:WINKF), a leader in the use of Artificial Intelligence (AI) with advanced knowledge-extraction techniques since 2005 in the mining sector is pleased to announce that it will provide and AI Gold target on Dios Exploration K2 project located in the Eeyou Istchee James Bay region of the province of Quebec.

Dinesh Kandanchatha, Chairman of Windfall Geotek commented: “We are pleased to announce this agreement with Dios Exploration where we are able to take advantage of our history of work in that region having done the Elmer project in the past which has had positive results. We are excited to be working with Dios Exploration in a Win-Win scenario at a strategic time with the upcoming field work Dios is undertaking over summer 2021.”

Marie- Josee Girard, President & Geologist of Dios Exploration Inc commented: We are thrilled to have acquire this high probability target ahead of our Summer 2021 campaign in the area, we have seen positive results with our neighbour in the same geological context and we feel this target as good potential.

Other related developments from around the markets include:

Emerita Resources Corp. announced that it has received a resolution from the Mining Department in Huelva approving the proposed work program for the entire Iberia Belt West project, subject to the Company receiving final approval from the Environmental Department for the El Cura and La Romanera targets. Emerita has engaged FRASA Ingenieros Consultores, a highly reputable engineering firm with offices in Spain and internationally, to prepare the environmental documentation for the west side of the IBW project, including the El Cur and La Romanera targets, in order to obtain the“ Autorizacion Ambiental Unificada (AAU)”. FRASA are the environmental consultants used by major companies in the area for permitting and are well versed in the requirements to obtain work permits.

Labrador Gold Corp. announced another high-grade intercept of near surface gold mineralization from its Kingsway project near Gander, Newfoundland. The Kingsway project is located in the highly prospective central Newfoundland gold belt. The high-grade intersection is from hole K-21-17 that contains fine particles of visible gold in quartz vein. The hole intersected 50.38 g/t Au over 1.85 metres including 160.42 g/t over 0.55 metres. The quartz vein containing the visible gold is typically vuggy and locally contains stylolites and is similar to quartz veins containing high grade gold intersections of 20.6 g/t Au over 3.6 metres including 103.36 g/t over 0.3 metres and 10.48 g/t Au over 2.4 metres reported previously.

Eskay Mining Corp. announced that it has commenced its 2021 exploration program with a property wide SkyTEM Survey across its 100% owned Consolidated Eskay precious metal-rich volcanogenic massive sulphide project in the Golden Triangle, British Columbia. SkyTEM is a powerful helicopter supported electromagnetic technique that differentiates electrically resistive and conductive rocks in the subsurface. It is particularly helpful in recognizing areas of relatively conductive altered and sulphide-bearing rocks associated with stockwork VMS mineralization.

Goldshore Resources Inc. announced that it has received its exploration permit from the Ministry of Energy, Northern Development and Mines, allowing the Company to commence its drilling activities at the Moss Lake Gold Project. Brett Richards, President and Chief Executive Officer commented: "I am pleased to have received our exploration permit as it is one of the first milestones we have set for the Company, and allows us to commence our planned 100,000 m drill program as part of a larger exploration strategy that will last close to 24 months." 

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Windfall Geotek by Windfall Geotek We own ZERO shares of Windfall Geotek. Please click here for full disclaimer.

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