Channel Sampling Weighted Average of 29.30 g/t Gold Over 8.0 Meters at Fayolle
LAVAL, CANADA--(Marketwired - Mar 26, 2014) - Typhoon Exploration Inc. ("Typhoon") (TSX VENTURE:TYP) is pleased to announce positive results of the channel sampling, from the Fayolle Deposit outcrop.
Channel sampling north of the Fayolle Deposit allowed access to some high grade gold zones to confirm grade consistency and continuity of the mineralization.
The main gold intersection is centered on a 5 meters thick strongly albitized and hematized dyke of intermediate composition. Best results include 156.50 grams per ton gold over 0.8 meters and 40.80 grams per ton of gold over 1 meter. (see table of channel sampling results)
It should be noted that a drilling program is currently underway on the Fayolle Project in order to highlight the potential of gold enrichment zones obtained in previous exploration campaigns.
See map at the following link: http://img15.hostingpics.net/pics/283192MapChannelSamplingFayolleEN.jpg
Results from channel sampling campaign
Channel sampling | Length (m) | Au (ppm) | |
Channel 1 | |||
M705117 | 0.8 | 9.44 | |
M705118 | 1.0 | 9.57 | |
Weighted average | 1.8 | 9.51 | |
Channel 2 | |||
P222965 | 0.9 | 16.55 | |
P222966 | 1.0 | 40.80 | |
P222967 | 1.0 | 8.45 | |
P222968 | 0.9 | 8.12 | |
P222969 | 1.0 | 6.45 | |
P222970 | 0.8 | 156.50 | |
P222971 | 1.1 | 10.70 | |
P222972 | 0.9 | 19.35 | |
P222973 | 0.5 | 9.49 | |
Weighted average | 8.0 | 29.30 | |
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.
TSX-V: 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.
Contact
David McDonald
450.622.4066
dmcdonald@explorationtyphon.com
www.typhoonexploration.com
Investor Relations
Patrick Wood
(416) 473-9133
pat.wood@tormontgroup.com
www.tormontgroup.com