LAVAL, CANADA--(Marketwired - Dec 8, 2015) - Typhoon Exploration Inc. (TSX VENTURE:TYP) («Typhoon») is pleased to announce that exploration works have begun on the Aiguebelle-Goldfields Property, located on the prolific Porcupine-Destor Fault.
Line cutting trending N-S with 100 meter line spacing totaling 6.4 km as well as an IP-OreVision survey of 6.4 km will be completed on the property, covering the Aiguebelle-Goldfields showing and the southeastern portion of the property. This survey will allow to better characterize known gold-bearing zones.
These exploration works will help define future drilling targets.
Extension of Warrants expiry date
The company announces that subject to obtaining all required regulatory approvals, it will extend until December 28, 2017 the expiry date of 1,410,000 Warrants, issued pursuant to a private placement completed on December 28, 2012.
The Warrants were expiring on December 28, 2015, but this date could be extended for an additional 24 months. Each Warrant will entitle its holder to purchase one (1) common share of Typhoon at a price of 0.12$.
ABOUT TYPHOON EXPLORATION INC.
- Typhoon Exploration Inc. only has 32,506,791 shares outstanding.
- Association on the Fayolle Project (Abitibi, Rouyn-Noranda): Hecla Quebec Inc. owns 50% / Typhoon owns 50%
- Monexco Project (Chibougamau, Plan Nord territory): 100%-owned by Typhoon
QUALIFIED PERSON
Mr. Daniel Gaudreault, ing., (OIQ), of Géologica Groupe-Conseil Inc., is the Qualified Person as defined by NI 43-101, to supervise the preparation of the technical aspect of this press release.
The common shares of Typhoon Exploration Inc. are listed on the TSX Venture Exchange under the symbol "TYP".
Neither the 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.