Typhoon Exploration Inc.: Visible Gold at Fayolle
LAVAL, QUEBEC -- (Marketwired) -- 10/29/13 -- TYPHOON EXPLORATION
INC. ("Typhoon") (TSX VENTURE:TYP:) and its Joint Venture partner
Hecla Quebec Inc. began in July an exploration program on the Fayolle
Project, consisting of a combination of different exploration works.
TRENCHING ON THE FAYOLLE DEPOSIT
Trenching on the sub-outcropping area of the Fayolle Deposit has
allowed us to observe visible gold in two different locations. The
new trench has given visual access to a mineralized zone defined in
the latest resource model.
TRENCHING ON THE PARE TREND
A trench has been completed at more than 5 km East of the Fayolle
Deposit and should be analyzed shortly.
The realization of these surface exploration efforts will provide the
necessary information for the next drilling campaign, in order to
increase the property resources basis.
ABOUT TYPHOON EXPLORATION INC.
-- Typhoon Exploration Inc. only has 29,656,791 shares outstanding.
-- The Fayolle Property offers the potential to host important gold
-- Typhoon Exploration Inc. is in an excellent financial position and
carries no debts.
For more information, visit the company's website at
www.typhoonexploration.com or SEDAR's website at www.sedar.com.
-- A Mineral Resource Estimate was completed in 2012 for the Fayolle
Deposit and its resources transferred from the inferred category to the
indicated category. (see press release dated September 6th, 2012)
-- A Preliminary Metallurgical Study of the gold recovery rate was
completed in 2012 on the Fayolle Deposit and indicated
an average gold recovery rate of more than 94%. (see press release
dated October 30th, 2012)
-- A Positive Preliminary Economic Assessment Study (PEA) was completed on
the Fayolle Deposit in 2013.
(see press release dated April 9th, 2013)
THE COMPANY OWNS THE FOLLOWING PROJECTS:
-- Fayolle Project, 100%-owned by Typhoon Exploration Inc. / Rouyn-Noranda
(See agreement with Hecla Quebec Inc. in press release dated May 18,
-- 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, ing., Geo. (OIQ), of Geologica Groupe-Conseil,
is the Qualified Person as defined by National Instrument 43-101, to
supervise the preparation of this press release.
The common shares of Typhoon Exploration Inc. are listed on the TSX
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
Toll free: 1.877.622.4004
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