Typhoon Exploration Inc.

Published : April 15th, 2014

Typhoon Exploration Receives its First Drilling Assay Results on the Cinco Showing Located Approximately 2.7 Kilometers East of the Fayolle Deposit

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Typhoon Exploration Receives its First Drilling Assay Results on the Cinco Showing Located Approximately 2.7 Kilometers East of the Fayolle Deposit

LAVAL, CANADA--(Marketwired - Apr 15, 2014) - TYPHOON EXPLORATION INC. ("Typhoon") (TSX VENTURE:TYP) announces that it has received a first series of assay results from the drilling program on the Cinco Showing area, on the Fayolle Project, 100%-owned by Typhoon.

Highlights of exploration drilling results (see table of best results below):

The first drillhole from the Cinco Showing, FAX-14-71, intersected a mineralized structure corresponding to a komatiite sediments contact injected by altered, pyritized and deformed dykes. This geology coincides with the one observed at surface on the stripping site. Several gold values were intersected by this first hole, such as 7.83 g/t Au over 0.9 m and 5.0 g/t Au over 1.0 m with a weighted average of 3.85 g/t Au over 4.4 m (see table below). This gold mineralisation coincides with the values obtained from the previous outcrop stripping (see press release dated December 18, 2013). Results for the second drillhole, FAX-14-72, where visible gold was observed, are pending.

DETAILED TABLE

DDH From
(m)
To
(m)
Sample
#
length
(m)
Au-AA24
(ppm)
FAX-14-71 82.50 83.50 Q596046 1.00 0.01
FAX-14-71 83.50 84.80 Q596047 1.30 2.43 3.85 ppm
over 4.40 m
FAX-14-71 84.80 86.00 Q596048 1.20 1.46
FAX-14-71 86.00 87.00 Q596049 1.00 5.00
FAX-14-71 87.00 87.90 Q596051 0.90 7.83
FAX-14-71 87.90 88.70 Q596052 0.80 0.52
FAX-14-71 88.70 89.10 Q596054 0.40 0.01
FAX-14-71 89.10 90.40 Q596055 1.30 0.97
FAX-14-71 90.40 91.70 Q596056 1.30 1.74
FAX-14-71 91.70 93.00 Q596057 1.30 0.02
FAX-14-71 248.30 249.60 Q596191 1.30 1.55
FAX-14-71 255.95 257.10 Q596197 1.15 0.61
FAX-14-71 257.10 258.30 Q596198 1.20 0.35
FAX-14-71 258.30 259.50 Q596199 1.20 0.17
FAX-14-71 259.50 260.70 Q596201 1.20 0.48
FAX-14-71 260.70 262.10 Q596203 1.40 0.46
FAX-14-71 262.10 263.60 Q596204 1.50 0.08
FAX-14-71 263.60 264.00 Q596205 0.40 0.27
FAX-14-71 264.00 265.10 Q596206 1.10 2.29 2.4 ppm
over 6.2 m
FAX-14-71 265.10 265.50 Q596207 0.40 0.19
FAX-14-71 265.50 265.90 Q596208 0.40 6.18
FAX-14-71 265.90 266.40 Q596209 0.50 0.02
FAX-14-71 266.40 267.20 Q596210 0.80 4.26
FAX-14-71 267.20 268.00 Q596211 0.80 0.23
FAX-14-71 268.00 269.00 Q596212 1.00 1.29
FAX-14-71 269.00 270.20 Q596213 1.20 4.35
FAX-14-71 270.20 271.60 Q596214 1.40 0.21
FAX-14-71 271.60 272.85 Q596215 1.25 0.14
FAX-14-71 272.85 273.70 Q596216 0.85 0.64
FAX-14-71 290.50 291.00 Q596232 0.50 1.29

These results reinforce the potential to find additional mineralization up to 2.7 kilometres farther east of the Fayolle deposit, following structures and geological contexts which can differ from the deposit in itself. It demonstrates also an efficient exploration approach based on systematic sampling of rocks and soil, even though if the property underwent several phases of works during the last years.

QUALITY CONTROL

Cores are sawn in half, with one part kept as a control and the other being analysed. Assays are performed with standard fire assay procedures and atomic absorption finish. Certified reference material, duplicates and blanks are inserted in the sample sequence for quality control. Primary assaying is performed by ALS Chemex of Val d'Or. The rejects for all samples returning more than 10 grams of gold per tonne are completely pulverized and re-assayed.

ABOUT TYPHOON EXPLORATION INC.

- Typhoon Exploration Inc. only has 29,706,791 shares outstanding.

HIGHLIGHTS

- A Positive Preliminary Economic Assessment Study (PEA) was completed on the Fayolle Deposit in 2013. (see press release dated April 9th, 2013)

Mr. Daniel Gaudreault, ing., (OIQ), Géologica Groupe-Conseil Inc., is the Qualified Person as defined by National Instrument 43-101, to supervise the preparation of this press release.

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.

Read the rest of the article at finance.yahoo.com

Typhoon Exploration Inc.

EXPLORATION STAGE
CODE : TYP.V
ISIN : CA9023976033
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Typhoon Expl. is a gold exploration company based in Canada.

Typhoon Expl. holds various exploration projects in Canada.

Its main exploration properties are MONEXCO / MCCORKILL, AIGUEBELLE - GOLDFIELDS, U3O8, FAILLE 1, DESTORBELLE and FAYOLLE in Canada.

Typhoon Expl. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 1.6 millions as of today (US$ 1.3 millions, € 1.1 millions).

Its stock quote reached its lowest recent point on February 20, 2009 at CA$ 0.01, and its highest recent level on September 24, 2010 at CA$ 1.71.

Typhoon Expl. has 36 180 000 shares outstanding.

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Annual reports of Typhoon Exploration Inc.
2008 Annual Report
Financings of Typhoon Exploration Inc.
12/11/2012Preparing for a $150,000 Private Placement
Option Grants of Typhoon Exploration Inc.
4/15/2013Grants Options
2/14/2011Grant of 570,000 stock options
Project news of Typhoon Exploration Inc.
9/25/2013(Fayolle)Exploration Program Underway on the Fayolle Project
5/8/2013(Fayolle)Update on the Fayolle Project
6/28/2011(Fayolle)Undertakes Airborne Magnetic Geophysical and Electromagnetic...
5/18/2011(Destorbelle)and its Partner Are Analyzing Results From the Drilling Camp...
3/17/2011(Fayolle)Announces an Average of 22.2 g/t Gold for Drilling in 2010
2/23/2011(Fayolle)New Discovery of Gold and Silver at More Than 750 Meters of ...
2/16/2011(Fayolle)Hits 7.14 g/t Gold Over 10.00 Metres, 318 g/t Silver and Con...
2/15/2011(Aiguebelle - Goldfields)Has Begun a Drilling Campaign on the Aiguebelle-Goldfields P...
2/14/2011(Destorbelle)The Drilling Campaign on the Destorbelle Project Is on Sched...
2/28/2008(Fayolle)Moves In Another Drill and Identifies New Targets at Fayolle
5/24/2007(Aiguebelle - Goldfields) Updates Property Explorations
2/21/2007(Fayolle)Resource Grades at Fayolle showing similar to other Gold min...
Corporate news of Typhoon Exploration Inc.
7/13/2015Typhoon Exploration Announces the Publication of the NI 43-1...
3/31/2015Typhoon Acquires Two New Properties
3/31/2015Acquires Two New Properties
2/27/2015Typhoon Grants Options
12/30/2014Typhoon Exploration Inc. Closes a Second Tranche of a Privat...
12/17/2014Typhoon Exploration Inc. Closes a $171,500 Private Placement
10/21/2014Typhoon and Hecla Will Initiate an Exploration Campaign on t...
7/31/2014Update on the Joint Venture Between Typhoon and Hecla
6/26/2014Typhoon Shareholders Approved Resolutions at the 2014 Annual...
5/21/2014Typhoon Exploration Carried Out Soil and Magnetic Ground Sur...
5/9/2014Typhoon Exploration: Amendment to Stock Option Plan
4/29/2014Typhoon Exploration: Second Drillhole Results from the Cinco...
4/17/2014Typhoon Exploration Announces the Acquisition of a Building ...
4/15/2014Typhoon Exploration Receives its First Drilling Assay Result...
10/29/2013(Fayolle)Visible Gold at Fayolle
10/23/2013Very Active with 3 Exploration Programs Underway
10/1/2013Adopts Advance Notice By-Law
8/8/2013Shareholders Unequivocally Approved Resolutions at the 2013 ...
7/30/2013Annual General Assembly is Scheduled for August 8th, 2013
7/30/2013Annual General Assembly is Scheduled for August 8th, 2013
6/10/2013Amends Option Agreement
5/2/2013(Fayolle)Aurizon Continues Its Work on Fayolle
4/9/2013(Fayolle)Positive Preliminary Economic Assessment Options for the Fay...
3/15/2013Announcement
10/30/2012(Fayolle)The Fayolle Deposit is at an Advanced Stage and Hosts Signif...
10/9/2012Announces Results of Reconnaissance Work on the Nordair Prop...
7/13/2011(Fayolle)and Aurizon Mines Ltd. Intersects 1,480 g/t Au at More Than ...
6/13/2011Completes a Second Placement With Aurizon Mines Ltd
3/8/2011Welcomes Jean-Pierre Thomassin in its Management Team
1/25/2011Has Begun its Drilling Campaign at Destorbelle
4/16/2008ACQUISITION OF A PROPERTY WITH URANIFEROUS POTENTIAL
12/28/2007 Obtains Receipt For Final Prospectus
8/3/2007Shareholders Approve Resolutions at Annual Meeting
6/19/2007Acquires Key Ground near Goldcorp
6/12/2007Obtains 125 G/T Gold on Monexco
2/6/2007Nouvelles Exploration typhon - News
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