Risk and valuation analysis of the Fayolle Project |
Status Risk : Advanced discovery |
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Title(s) of the Fayolle Project |
| Aurizon Mines Ltd Option on interest: 50% |
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Title | Company Profile | All Projects | Company website | Company project page |
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The Fayolle property is 100% owned by Typhoon Exploration Inc. (“Typhoon”) and Aurizon can earn a 50% interest, subject to an underlying 2% net smelter royalty, by incurring expenditures of $10 million, and subscribing for $2 million in common shares more... |
| Typhoon Exploration Inc. Owner: 50% |
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Title | Company Profile | All Projects | Company website | Company project page |
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Location of the Fayolle Project |
Located to the Northeast of Rouyn-Noranda, the Fayolle property contains the Fayolle zone and the Vang, Québelle and Destorbelle gold showings.
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History of the Fayolle Project |
Since 2004, Typhoon completed many drilling campaigns with a total of 18, 000 meters in 76 drill holes. The 2004 and 2005 drilling campaigns delimited 4 mineralized zones that extends over an area of 400 meters by 300 meters and at a depth of up to 2 more...
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Geology of the Fayolle Project |
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Fayolle (23,14 km2) is located along the Porcupine-Destor fault. The mineralization is
hosted in intrusives injected into ultramafic rocks. These rocks show moderate to high
alteration in the mineralized zones. Iron carbonisation can be used as an exploration
tool.
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