Typhoon Exploration Inc.: Work on Monexco
LAVAL, CANADA -- (Marketwired) -- 08/12/13 -- TYPHOON EXPLORATION
INC. ("Typhoon") (TSX VENTURE:TYP) announces that mapping, sampling
and various structural measurements are currently underway on
stripping #1, #2 and VG of its Monexco Property.
Located NE of Chibougamau, in the heart of the Plan Nord territory,
this property has returned several significant results, associated
with quartz-carbonate-tourmaline veins and veinlets most often hosted
in quartz-feldspar porphyry dykes (QFP).
-- In 2007,at the eastern extremity of the #1 stripped outcrop area, the
bulk sample carried a grade of 125g/ t gold or 3.07 oz / ton gold (see
press release dated June 12, 2007).In addition, the channel sampling of
the VG gold zone had reported coarse and angular fragments of native
gold with a grade of 40.0 g/t Au over 1.0 metre. Other sampled areas
returned values of 12.49 g/t Au over 1.0 metre and 8.47 g/t Au over 1.0
m. (see press release dated March 11, 2008)
-- In 2008, a prospecting and mapping campaign had revealed the possibility
of extending the gold corridor with several significant gold values in
selected samples. The best analysis were 29.9 g/t, 13.8 g/t, 12.1 g/t,
38.2 g/t and 32.7 g/t, of gold. (see press release dated December 3,
-- In 2011, a drilling campaign was completed on the main showing and VG
showing and the results obtained in the area had indicated that the
gold-bearing mineralization was concentrated almost exclusively in and
around the quartz veins. The best sample for the entire campaign
returned a value 4.55 g/t Au over 1 m in drill hole MO-11-05. (see press
release dated March 27, 2012)
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 COMPANY OWNS THE FOLLOWING PROJECTS:
-- Fayolle Project, 100%-owned by Typhoon Exploration Inc. / Rouyn-Noranda
region (See agreement with Aurizon Mines Ltd. in press release dated May
-- Faille 1 Project, 100%-owned by Typhoon Exploration Inc. / Rouyn-Noranda
-- Monexco Project, 100%-owned by Typhoon Exploration Inc. / Chibougamau
-- Nordair Project, 100%-owned by Typhoon Exploration Inc. / James Bay
-- 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
Mr. Daniel Gaudreault, P. Eng., Geol. (OIQ), of Geologica
Groupe-Conseil, is the Qualified Person as defined by National
Instrument 43-101, to supervise the preparation of this press
The common shares of Typhoon Exploration Inc. are listed on the TSX
Venture Exchange under the symbol "TYP".
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.
A map is available at the following address:
David Mc Donald
President and CEO
450.622.4066 or Toll free: 1.877.622.4004
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