PIEDMONT, QC, Oct. 28, 2020 /CNW Telbec/ - Typhoon
Exploration Inc. (TSX-V: TYP) ("Typhoon" or "the Company")
received an intervention permit to prepare drill emplacements and
accesses on the Aiguebelle-Goldfields claims block, located about
35 km northeast of Rouyn-Noranda, Abitibi (Québec). This start-up
of field works is the result of the completion of all the required
consultation steps in the area, and the securing of a right of
access with IAMgold Corporation for the duration of the
program.
In parallel, the Company has reached an agreement with a local
landowner to run a stripping program on the recently acquired
Syenite Condor claims block located about 2,5 km westward
of Aiguebelle-Goldfields.
Aiguebelle-Goldfields
Typhoon controls the exploration ground called
Aiguebelle-Goldfields, eastern bounded with IAMgold Corporation's
Fayolle project. The property's boundary is approximately
250 metres away from the Fayolle zone. Historical drill
results on Aiguebelle-Goldfields, such as 3,1 g/t over
10.2 m in hole 83–01 and 4.4 g over 4 m in
hole 85–15*, are located approximately 600 metres west of
the Fayolle zone. The drill plan is firstly to test the possibility
to find additional mineralization inside this gap which follows the
same geological trend. The drill pattern will cover three
sub-parallel gold-bearing structures previously identified by
historical drilling.
The drill program totals around 3,000 metres, distributed
in 12 holes, and should spread over a two-month period.
Syenite Condor
The gold potential of the recently acquired Syenite Condor
claims block will be tested by trenching. This property is located
between two and four kilometres westward from the
Aiguebelle-Goldfield Property and is centred on a major syenite
intrusion that has never been the object of systematic exploration
works, including drilling. Recent field observations of altered and
pyritized syenite floating blocks in the overburden in proximity of
a geophysics lineament sparked the interest for additional tests
and investigation.
A mechanical shovel is mobilized to clean to bedrock
50-metre-long trenches for channel sampling, over an area extending
for about 500 metres along a strong magnetic contrast.
Depending on the results, drill tests could be considered further
afield.
"It took a lot of hard work and patience to build our
collection of promising mining claims, but we're very proud of the
result. We've done our homework and we've worked very hard to build
strong relationships with all stakeholders, with whom we have
respectful and efficient communications. We are now ready to launch
a significant new exploration program on our Aiguebelle-Goldfields
and Syenite Condor Properties. This program marks an important
milestone for us, and the whole team is very enthusiastic" explains
Ghislain Morin, CEO, Typhoon
Exploration.
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.