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Typhoon Exploration Inc.(TSX VENTURE:TYP - News) announced today it has commenced
its 2011 drilling campaign on the Destorbelle Project with Exploration
Diamond Frank Inc. (TSX-V: DOD
- News).
The drilling program will focus on
north-west of the Fayolle Deposit to confirm the geological model defined
during the geoscientific compilation conducted in 2009-2010 by Typhoon
Exploration Inc.
The drilling strategy is oriented to
intersect N-NW structural features that were developed by Typhoon Exploration
Inc. (50%) and Diamond Frank Exploration Inc. (50%) This new drill pattern
permits a better understanding of the relationship between intrusive dykes
and mineralized zones, which are distributed within an E-W striking deformation
corridor.
The Destorbelle Property is located less
than 8 kilometres west of the Fayolle Deposit, where Typhoon Exploration is
currently conducting a 50,000 meter drilling campaign. It is also located in
the heart of Abitibi's developing mining projects.
See location map below:
http://media3.marketwire.com/docs/typhonENG.pdf
Due to its strategic location, this
property allows Typhoon Exploration and its partner Exploration Diamond Frank
to control over 35 km of favourable ground along the Destor-Porcupine Fault,
which has already produced over 80 million ounces of gold.
Mr. David Mc Donald, President and Chief
Executive Officer of Typhoon Exploration Inc., stated: "The mineralized
auriferous zone located northwest of the Fayolle Deposit represents a
priority target that will be systematically explored. As demonstrated in the
nearby mining camp, several economic deposits were found to extend as deep as
1,000 metres."
All exploration work is being carried
out under the supervision of Ressources Lutsvisky Inc. acting as project
manager.
NOTE
During the first trimester, Typhoon
Exploration and its partners will begin three (3) drilling campaigns along
the 35 km of the Porcupine-Destor Fault under its control.
The work will be carried out on:
-- The Fayolle Project with Aurizon Mines Ltd
-- The Destorbelle Project with Exploration Diamond Frank Inc.
-- The Aiguebelle-Goldfields Project with Agnico-Eagle Mines Ltd
QUALITY CONTROL
All drill cores are oriented using
Fordia's "Corientr" tool in order to measure their geological
structures. 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 are performed by ALS Chemex of Val d'Or. The
rejects for all samples returning greater than 10 g/t Au are completely
pulverized and re-assayed.
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 the information in
this news release.
ABOUT TYPHOON EXPLORATION INC.
Typhoon is a Canadian mineral
exploration company focused on developing its portfolio of gold projects near
the Val d'Or, Malartic and Rouyn-Noranda gold mining camps in Abitibi,
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), the Faille 1 Property (100%-owned by Typhoon), the
Aiguebelle-Goldfields Property (51% owned by Typhoon and 49% owned by
Agnico-Eagle Mines) and the Destorbelle Property (50% owned by Typhoon and
50% owned by Diamond Frank Exploration Inc.). All of these projects have
historic mining infrastructure and producing mines located in close proximity
to the property. The development of the company's properties situated along the
profilic Porcupine-Destor Fault will be the primary focus of exploration work
for 2011.
The common shares of Typhoon Exploration
are listed on the TSX Venture Exchange under the symbol "TYP".
19,031,753 Shares outstanding
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's management 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
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