Typhoon Exploration Inc.: Geophysical Survey and MMI Work on the Fayolle Property
(firmenpresse) - LAVAL, CANADA -- (Marketwired) -- 11/13/13 -- TYPHOON EXPLORATION INC. ("Typhoon") (TSX VENTURE: TYP) is completing Geophysical Surveys and several MMI samples on a target located approximately 1 km south of the Fayolle Deposit, in an area that has never been subject to exploration work due to the coverage of surficial deposits.
A 140 km magnetometer survey using differential GPS and 28 km OreVision-IP survey will complete in the south part and two isolated mining claims of the Fayolle Project in order to characterize the geological unit and their mineralization.
In addition, MMI geochemical surveys are in progress. These basic exploration efforts have as objective to provide critical information leading to future drill targets where outcrop areas are virtually absent.
ABOUT TYPHOON EXPLORATION INC.
- Typhoon Exploration Inc. only has 29,656,791 shares outstanding.
- The Fayolle Property offers the potential to host important gold resources.
- Typhoon Exploration Inc. is in an excellent financial position and carries no debts.
For more information, visit the company's website at or SEDAR's website at .
OUTLOOK
- A Mineral Resource Estimate was completed in 2012 for the Fayolle Deposit and its resources transferred from the inferred category to the indicated category. (see press release dated September 6th, 2012)
- A Preliminary Metallurgical Study of the gold recovery rate was completed in 2012 on the Fayolle Deposit and indicated an average gold recovery rate of more than 94%. (see press release dated October 30th, 2012)
- A Positive Preliminary Economic Assessment Study (PEA) was completed on the Fayolle Deposit in 2013. (see press release dated April 9th, 2013)
THE COMPANY OWNS THE FOLLOWING PROJECTS:
- Fayolle Project, 100%-owned by Typhoon Exploration Inc. / Rouyn-Noranda region
(See agreement with Hecla Quebec Inc. in press release dated May 18, 2010)
- Faille 1 Project, 100%-owned by Typhoon Exploration Inc. / Rouyn-Noranda region
- Monexco Project, 100%-owned by Typhoon Exploration Inc. / Chibougamau region
- Nordair Project, 100%-owned by Typhoon Exploration Inc. / James Bay region
- Aiguebelle-Goldfields Project, 51%-owned by Typhoon and 49%-owned by Agnico-Eagle Mines Limited / Rouyn-Noranda region
- Destorbelle Project, 50%-owned by Typhoon and 50%-owned by Axe Exploration Inc. / Rouyn-Noranda region
QUALIFIED PERSON
Mr. Daniel Gaudreault, ing., Geo. (OIQ), of Geologica Groupe-Conseil, is the Qualified Person as defined by National Instrument 43-101, to supervise the preparation of this press release.
The common shares of Typhoon Exploration Inc. are listed on the TSX Venture Exchange
under the symbol "TYP".
Forward-Looking Statements
This news release contains statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Typhoon. Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Typhoon will derive therefrom. Forward-looking information is based on the estimates and opinions of Typhoon at the time the information is released and Typhoon does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
David Mc Donald
President and CEO
450.622.4066
Toll free: 1.877.622.4004
450.622.4337 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 13.11.2013 - 15:04 Uhr
Sprache: Deutsch
News-ID 316054
Anzahl Zeichen: 0
contact information:
Town:
LAVAL, CANADA
Kategorie:
Mining & Metals
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"Typhoon Exploration Inc.: Geophysical Survey and MMI Work on the Fayolle Property"
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