PIEDMONT, QC, March 16, 2021 /CNW Telbec/ - Typhoon
Exploration Inc. (TSXV: TYP) ("Typhoon" or "the
Company") sets things up to resume drilling on the
Aiguebelle-Goldfields property, located about 35 km north-east
of Rouyn-Noranda, Abitibi
(Québec).
Typhoon controls the exploration ground called
Aiguebelle-Goldfields, which is eastern bounded with IAMgold
Corporation's Fayolle project. The property's boundary is
approximately 250 metres away from the Fayolle zone. And
historical high-grade drill results on
Aiguebelle-Goldfields (such as 3.1 grams per tonne
(gpt) over 10.2 metres in hole 83–01 and
4.4 gpt over 4 metres in
hole 85–151) are located approximately
600 metres west of the Fayolle zone.
Drilling equipment was mobilized on site to test the eastern
extension of the Aiguebelle-Goldfields gold trend, going toward the
Fayolle deposit. The target will be covered in the next few weeks
using 50-meter-spaced holes collared from three permitted drill
sites.
To date, 1,928 metres were drilled in 7 holes (see
Typhoon's December 22, 2020, press
release). The targeted area for this first phase was located 400 to
700 metres farther to the south from the actual planning.
Syenite Condor
During 2020, Typhoon has extended its influence in this part of
the Abitibi Belt (corresponding to the eastern extension of the
Porcupine-Destor Fault), mainly with the acquisition of the
Syenite Condor claims block covering 653 ha where
previous owners have identified gold-bearing glacial boulders
composed of intrusive rocks.
Three trenches totalling about 200 metres were performed to
intercept the eastern contact zone of the Clericy syenite.
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1 Technical report on the 2011 drillings on the
Aiguebelle-Goldfields property, Aiguebelle Township, Rouyn-Noranda
region, 2012, Alain-Jean Beauregard, geo., Daniel Gaudreault, ing.
(available in French only).
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A magnetic survey by drone covering 5.5 km2 was
executed to help interpreting structural details and elements of
the geological map at the scale of the intrusion. Two orthogonal
flight paths were used at 40-metre spacing. Results of
interpretation will help to plan the next exploration phases.
"The Company is at a crossroads, with many samples at the labs
and ongoing data analysis programs. Positive results on the Syenite
Condor program would open new perspectives on a large target
accessible at surface. On the Aiguebelle-Goldfields side,
systematic drilling should eventually lead to discoveries," says
Ghislain Morin, Typhoon's CEO.
The technical information presented in this Press Release was
revised by Martin Demers, P.Geo. (ogq #770), consultant
for Typhoon Exploration, and Qualified Person under National
Instrument 43–101 Standards of Disclosure for Mineral
Projects.
SOURCE Typhoon Exploration Inc.