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Typhoon: Exploration Program Underway on the Fayolle Project
Published : September 25, 2013
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LAVAL, CANADA--(Marketwired - Sept. 25, 2013) - TYPHOON EXPLORATION INC. ("Typhoon") (News - Market indicators) and Joint Venture Partner Hecla Quebec Inc. began Field Exploration Program in July, on the Fayolle Project. A combination of different exploration works will permit the next drilling programs on new prioritized surface targets showing similar characteristics as the Fayolle Deposit.

TRENCHING ON THE FAYOLLE DEPOSIT

Trenching on the subcroping area of the Fayolle Deposit will enhance geological and geometrical comprehension of the near surface, high-grade mineralization present at Fayolle. The new trench should provide visual access to a mineralized zone defined in the latest resource model. Mapping and systematic channel-sampling will provide unrivalled information on Fayolle's high-grade mineralization consistency and confirm its orientation.

PROSPECTION AT THE PROPERTY SCALE

An 80 km ground magnetometer survey will extend the 2004 ground survey towards the east in order to identify other magnetic patterns similar to the ones already known to characterize the Fayolle and McDonald mineralization. The identification of new outcrop areas showing favourable magnetic signatures will support a subsequent prospection program.

TRENCHING ON THE PARÉ TREND

Trenching is planned on the Paré Trend, located 500 m south of the Fayolle Deposit. The Paré Trend returned a drillhole intersection of 1.3 g/t Au over 36 meters. No outcrops featuring the geology of the Paré Trend are known. Mapping and channel-sampling will follow.

OUTLOOK

The realization of the surface exploration efforts will provide critical basic information and drill targets leading to increase the property resources basis.

ABOUT TYPHOON EXPLORATION INC.

- Typhoon Exploration Inc. has a cash position of $3,579,654, representing $0.12 per share.
- Typhoon Exploration Inc. only has 29,656,791 shares outstanding.
- The Fayolle Property offers the potential to host important gold resources.  

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) 

For more information, visit the company's website at www.typhoonexploration.com or SEDAR's website at www.sedar.com.

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, P. Eng., Geol. (OIQ), of Géologica 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.  

Map and figures are available at the following address: http://media3.marketwire.com/docs/Typhoon_Fayolle_ENG.pdf.



Typhoon Exploration Inc.
David Mc Donald
President and CEO
450.622.4066 / Toll free: 1.877.622.4004
450.622.4337 (FAX)
info@typhoonexploration.com
www.explorationtyphon.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Typhoon Exploration Inc.

EXPLORATEUR
CODE : TYP.V
ISIN : CA9023976033
Suivi et investissement
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Typhoon Expl. est une société d’exploration minière d'or basée au Canada.

Typhoon Expl. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont MONEXCO / MCCORKILL, AIGUEBELLE - GOLDFIELDS, U3O8, FAILLE 1, DESTORBELLE et FAYOLLE au Canada.

Typhoon Expl. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,6 millions CA$ (1,3 millions US$, 1,1 millions €).

La valeur de son action a atteint son plus bas niveau récent le 20 février 2009 à 0,01 CA$, et son plus haut niveau récent le 24 septembre 2010 à 1,71 CA$.

Typhoon Expl. possède 36 180 000 actions en circulation.

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Rapports annuels de Typhoon Exploration Inc.
2008 Annual Report
Financements de Typhoon Exploration Inc.
11/12/2012Preparing for a $150,000 Private Placement
Attributions d'options de Typhoon Exploration Inc.
15/04/2013Grants Options
14/02/2011Grant of 570,000 stock options
Projets de Typhoon Exploration Inc.
25/09/2013(Fayolle)Exploration Program Underway on the Fayolle Project
08/05/2013(Fayolle)Update on the Fayolle Project
28/06/2011(Fayolle)Undertakes Airborne Magnetic Geophysical and Electromagnetic...
18/05/2011(Destorbelle)and its Partner Are Analyzing Results From the Drilling Camp...
17/03/2011(Fayolle)Announces an Average of 22.2 g/t Gold for Drilling in 2010
23/02/2011(Fayolle)New Discovery of Gold and Silver at More Than 750 Meters of ...
16/02/2011(Fayolle)Hits 7.14 g/t Gold Over 10.00 Metres, 318 g/t Silver and Con...
15/02/2011(Aiguebelle - Goldfields)Has Begun a Drilling Campaign on the Aiguebelle-Goldfields P...
14/02/2011(Destorbelle)The Drilling Campaign on the Destorbelle Project Is on Sched...
28/02/2008(Fayolle)Moves In Another Drill and Identifies New Targets at Fayolle
03/07/2007(Opinaca)Amorce les travaux du Projet Opinaca, Baie James, Quebec
24/05/2007(Aiguebelle - Goldfields)Nouvelles Exploration Typhon - News
24/05/2007(Aiguebelle - Goldfields) Updates Property Explorations
21/02/2007(Fayolle)Resource Grades at Fayolle showing similar to other Gold min...
Communiqués de Presse de Typhoon Exploration Inc.
13/07/2015Typhoon Exploration Announces the Publication of the NI 43-1...
31/03/2015Typhoon Acquires Two New Properties
31/03/2015Acquires Two New Properties
27/02/2015Typhoon Grants Options
30/12/2014Typhoon Exploration Inc. Closes a Second Tranche of a Privat...
17/12/2014Typhoon Exploration Inc. Closes a $171,500 Private Placement
21/10/2014Typhoon and Hecla Will Initiate an Exploration Campaign on t...
31/07/2014Update on the Joint Venture Between Typhoon and Hecla
26/06/2014Typhoon Shareholders Approved Resolutions at the 2014 Annual...
21/05/2014Typhoon Exploration Carried Out Soil and Magnetic Ground Sur...
09/05/2014Typhoon Exploration: Amendment to Stock Option Plan
29/04/2014Typhoon Exploration: Second Drillhole Results from the Cinco...
17/04/2014Typhoon Exploration Announces the Acquisition of a Building ...
15/04/2014Typhoon Exploration Receives its First Drilling Assay Result...
29/10/2013(Fayolle)Visible Gold at Fayolle
23/10/2013Very Active with 3 Exploration Programs Underway
01/10/2013Adopts Advance Notice By-Law
08/08/2013Shareholders Unequivocally Approved Resolutions at the 2013 ...
30/07/2013Annual General Assembly is Scheduled for August 8th, 2013
30/07/2013Annual General Assembly is Scheduled for August 8th, 2013
10/06/2013Amends Option Agreement
02/05/2013(Fayolle)Aurizon Continues Its Work on Fayolle
09/04/2013(Fayolle)Positive Preliminary Economic Assessment Options for the Fay...
15/03/2013Announcement
30/10/2012(Fayolle)The Fayolle Deposit is at an Advanced Stage and Hosts Signif...
09/10/2012Announces Results of Reconnaissance Work on the Nordair Prop...
13/07/2011(Fayolle)and Aurizon Mines Ltd. Intersects 1,480 g/t Au at More Than ...
13/06/2011Completes a Second Placement With Aurizon Mines Ltd
08/03/2011Welcomes Jean-Pierre Thomassin in its Management Team
25/01/2011Has Begun its Drilling Campaign at Destorbelle
16/04/2008ACQUISITION OF A PROPERTY WITH URANIFEROUS POTENTIAL
28/12/2007 Obtains Receipt For Final Prospectus
08/11/2007(fr) PRÉVOIT DISTRIBUER DES ACTIONS DE DIAMOND FRANK
03/08/2007Shareholders Approve Resolutions at Annual Meeting
19/06/2007Acquires Key Ground near Goldcorp
19/06/2007Prend Position près de Goldcorp
12/06/2007Obtains 125 G/T Gold on Monexco
29/05/2007Début des Travaux sur la Propriété Monexco
24/04/2007Nouvelles Exploration typhon
14/03/2007Cloture un financement de 1,000,000 $ avec Mineralfields po...
08/03/2007acquiert une propriété uranifère dans le secteur cote nord, ...
06/02/2007Nouvelles Exploration typhon - News
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