Typhoon Exploration has Begun a Drilling Campaign in Chibougamau, in the Heart of Plan Nord Territory
(firmenpresse) - LAVAL, QUEBEC -- (Marketwire) -- 11/23/11 -- Typhoon Exploration Inc. (TSX VENTURE: TYP) announces that it has begun a drilling campaign on the Monexco-McCorkill Property located in Chibougamau and is pursuing its drilling campaign on the Fayolle Property.
MONEXCO-McCORKILL PROPERTY
Located NE of Chibougamau, in the heart of the Plan Nord territory, this property has returned several significant results, associated with quartz-carbonate-tourmaline veins and veinlets most often hosted in quartz-feldspar porphyry dykes (QFP).
The current drilling campaign is the first to be carried out on the main showing and on the new VG showing. It will target among others, an EW direction shear corridor containing gold quartz-veins, more or less secant to the shear direction. The gold enriched quartz-veins (more than 125 g/t Au, composite bulk sample of veins totalling 25 kg, carried out in 2008) are contained in an intrusive mass of granophyric nature often anomalous in gold. The porphyric granophyre is located at the interface of a chloritic mafic flow (basalt-andesite) and a block tuffaceous unit of felsic affinity. The drill holes will be oriented in such a way to intersect the quartz-veins and verify their distribution. Furthermore, the drillings will attempt to confirm gold values inside the granophyric intrusive. The goal being to evaluate the possibility of combining the high grades obtained in the quartz-veins with the low grades possibly present in the intrusive.
QUALIFIED PERSON
Mr. Robert Gagnon, P. Geo. (OGQ) of Typhoon Exploration Inc., 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".
Symbol:
TYP.V (Venture Exchange)
Financial Profile:
19,905,657 Shares outstanding
Highlights:
A 50,000 meter drill program is currently underway on the Fayolle Project, with a budget of $6.5 million invested by Aurizon Mines Ltd.
Winner of the 2010 Entrepreneur of the Year Award (granted by the AEMQ)
Winner of the 2010 e3 Plus Award for Responsible Exploration (granted by the AEMQ)
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:
Head Office
450-622-4066
Toll free: 1-877-622-4004
450-622-4337 (FAX)
Vice-President,
Corporate Development
Jean-Pierre Thomassin
819-763-5951
Geology
Robert Gagnon
819-860-2621
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 23.11.2011 - 13:30 Uhr
Sprache: Deutsch
News-ID 90592
Anzahl Zeichen: 0
contact information:
Town:
LAVAL, QUEBEC
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 196 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Typhoon Exploration has Begun a Drilling Campaign in Chibougamau, in the Heart of Plan Nord Territory"
steht unter der journalistisch-redaktionellen Verantwortung von
Typhoon Exploration Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
