Typhoon Exploration Inc. and its partner, Aurizon Mines Ltd., will also
begin a new geological survey with detailed mapping, trenching with new
rock and channel sampling.
The company continues its 50 000 meter drilling campaign using
3 drills. Two of these drills are used to better define and
expand at depth already identified mineralization zones on the Fayolle
Deposit. The other drill is used for the systematic exploration program
undertaken in late 2010 and covering a wide favorable corridor of more
than 2.5 km long by 1 km wide.
Typhoon Exploration Inc. will shortly be announcing the first
results of this drilling campaign.
ABOUT TYPHOON EXPLORATION INC.
Typhoon Exploration Inc. is a Canadian mineral exploration company
whose objective is to develop its portfolio of gold projects near the Val
d'Or, Malartic and Rouyn-Noranda mining camps, in the Abitibi region,
Quebec. The projects are located in one of the world's most prolific gold
mining camps, within the Abitibi Greenstone Belt, along the
Destor-Porcupine Fault. Its portfolio of gold projects include: The
Fayolle Property (100%-owned by Typhoon) Aurizon Mines Ltd has the option
to acquire 65% of the Fayolle Project by investing $25,000,000 in
exploration work and an additional $2,000,000 in capital stock of Typhoon
Exploration Inc., the Faille 1 Property (100%-owned by Typhoon), the
Monexco-McCorkill Property (100%-owned by Typhoon), the
Aiguebelle-Goldfields Property (Typhoon has an option agreement with
Agnico-Eagle Mines Limited in order to acquire 51% of the property) and
the Destorbelle Property (owned at 50% by Typhoon and at 50% by Diamond
Frank Exploration Inc.). All these projects are located in close proximity
to infrastructures and producing mines.
QUALIFIED PERSONS
Mr. Robert Gagnon, P. Geo. (OGQ) of Typhoon Exploration Inc., and Mr.
Daniel Gaudreault Eng., Geo (OIQ) of Geologica Groupe-Conseil Inc., are
the Qualified Persons 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".
Financial
Profile:
19,905,657 Shares outstanding
Highlights:
Agreement of $27 million dollars with Aurizon Mines Ltd. for the
development of the Fayolle gold Project located in the heart of Abitibi's
developing mining projects
A 50,000 metre 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)
All work is carried out by Ressources Lutsvisky Inc., under the
supervision of Typhoon Exploration Inc. acting as operator.
Forward-Looking
Statements
