PIEDMONT, QC, Sept. 13, 2021 /CNW Telbec/ - Typhoon
Exploration Inc. (TSXV: TYP) ("Typhoon" or "the Company")
announces that it has undertaken a compilation of historic works on
the Duplessis-Agar property, located between 60 and 70 kilometres
northeast of the municipality of Lebel-sur-Quévillon, and west of Lake
Pusticamica (Northern Region of Quebec). The property is composed of
10 titles representing 900 hectares, and is easily
accessible by regional roads.
The property is known for a series of gold occurrences named
Agar #1 to Agar #7, which are distributed over an area of
about 1 kilometre along an east-west axis, and 500 metres
in the north-south axis. Gold mineralization may be associated with
northeast regional shear zones known for their gold potential
(source: sigeom.com).
Historical Drilling
The ongoing compilation of historical drilling reveals that
approximately 12,000 metres distributed in 75 boreholes
were drilled inside the property between 1981 and 1990. The
compilation of this historical information is based on reports and
maps digitized by the MERN on the Examine database. At this stage
of work, the Company considers that, to the best of its knowledge,
no drillings have been done since then on the property.
The compilation showed that 55 mineralized intervals of
more than 1 g/t over 1 metre in length were identified in
the historic holes for an average of 2.4 g/t over
3.7 metres. The mineralized intersections are located at a
depth that varies between 20 and 150 metres.
Of these, 10 intervals show a metal factor of more than 10
(grade x width), the equivalent of 1 gram per ton over
10 metres. The average obtained for these results is
4.2 g/t over 5.6 metres (see table below). Gold
mineralization is in the form of networks of quartz veins generally
hosted in silicified and pyritized diorite intrusions.
Although these results must be considered historical and
preliminary, they nevertheless indicate the presence of gold on the
property.
Assessment Plan
The Company is currently developing a gold potential assessment
plan for its Agar property which would go like this:
A first field visit allowed Typhoon's team to acknowledge that
evidence of historical works is still visible, such as drilling
casings and stripped outcrops. Typhoon will undertake further
verification of this data to locate historic drilling sites
accurately. Surface sampling and stripping work could be undertaken
in parallel.
The subsequent interpretation and modelling should help to
establish drilling priorities. The Company is currently assessing
the scope of the work as well as the investment required, after
what il will be able to communicate targets and a work
schedule.
"This acquisition is part of
Typhon's strategy to continue to expand its portfolio of
high-potential properties in order to increase the value of the
Company and, consequently, the value of its shareholders," said
Ghislain Morin, President and Chief
Executive Officer of Typhoon Exploration.
Typhoon acquired 100% of the Agar-Duplessis property for
$125,000 in cash and a 1 % NSR
royalty for Breakwater Resources.
The technical information contained in this press release has
been reviewed by Martin Demers, P.Geo. (ogq No 770),
consultant for Typhoon Exploration and qualified person under
National Instrument 43-101 Respecting Disclosure of Mineral
Projects.
Table
Weighted average of mineralized intervals from
historical drilling.
Intervals noted as partial include unsampled lengths of
0 value.
Historical
Drilling
(number)
|
From
(m)
|
To
(m)
|
AU
(g/t)
|
Length
(m)
|
Comment
|
83-3
|
92.76
|
93.60
|
1.24
|
0.84
|
|
TD-26
|
65.40
|
66.59
|
1.24
|
1.19
|
|
TD-26
|
81.68
|
82.71
|
1.87
|
1.04
|
|
TD-27
|
45.43
|
46.77
|
1.87
|
1.34
|
|
TD-30
|
9.15
|
64.66
|
0.85
|
55.52
|
partial
|
TD-30
|
47.26
|
53.35
|
6.69
|
6.10
|
partial
|
TD-30
|
63.90
|
64.66
|
3.73
|
0.76
|
|
TD-32
|
5.03
|
6.55
|
0.62
|
1.52
|
|
TD-32
|
14.60
|
16.04
|
2.18
|
1.43
|
|
TD-33
|
68.60
|
70.12
|
1.97
|
1.52
|
|
TD-35
|
87.38
|
105.18
|
1.68
|
17.80
|
partial
|
incl.
|
87.38
|
89.39
|
8.85
|
2.01
|
|
TD-35
|
103.66
|
105.18
|
6.22
|
1.52
|
|
TD-35
|
117.38
|
121.95
|
2.07
|
4.57
|
|
TD-37
|
35.37
|
36.40
|
4.04
|
1.04
|
|
TD-39
|
16.98
|
21.34
|
1.13
|
4.36
|
|
TD-39
|
76.22
|
77.74
|
1.24
|
1.52
|
|
TD-39
|
132.90
|
134.15
|
1.24
|
1.25
|
|
AG-88-01
|
20.80
|
23.80
|
1.10
|
3.00
|
|
AG-88-03
|
40.50
|
45.70
|
3.43
|
5.20
|
|
AG-88-04
|
90.80
|
92.30
|
1.65
|
1.50
|
|
AG-88-06
|
65.80
|
74.40
|
0.68
|
8.60
|
partial
|
AG-88-08
|
64.30
|
79.60
|
0.42
|
15.30
|
partial
|
AG-88-13
|
71.00
|
79.60
|
1.32
|
8.60
|
partial
|
incl.
|
78.60
|
79.60
|
3.65
|
1.00
|
|
AG-88-16
|
16.20
|
19.20
|
0.58
|
3.00
|
|
AG-88-16
|
45.10
|
48.20
|
0.52
|
3.10
|
|
AG-88-17
|
61.30
|
63.40
|
4.26
|
2.10
|
|
AG-88-19
|
42.70
|
50.60
|
0.58
|
7.90
|
partial
|
AG-88-23
|
83.30
|
93.00
|
0.82
|
9.70
|
partial
|
AG-88-24
|
121.00
|
130.50
|
2.84
|
9.50
|
|
AG-88-25
|
109.60
|
110.80
|
0.85
|
1.20
|
|
AG-88-26
|
23.80
|
34.50
|
0.59
|
10.70
|
partial
|
AG-88-26
|
153.00
|
154.50
|
1.55
|
1.50
|
|
AG-89-02
|
89.89
|
95.80
|
2.94
|
5.91
|
partial
|
AG-89-03
|
186.93
|
193.55
|
3.74
|
6.62
|
partial
|
AG-89-05
|
41.88
|
43.40
|
2.27
|
1.52
|
|
AG-89-06
|
84.03
|
91.23
|
0.71
|
7.20
|
partial
|
AG-90-01
|
57.30
|
65.35
|
0.40
|
8.05
|
partial
|
AG-90-01
|
176.70
|
177.70
|
6.18
|
1.00
|
|
AG-90-03
|
37.80
|
40.61
|
0.82
|
2.81
|
partial
|
AG-90-03
|
190.89
|
192.10
|
1.40
|
1.21
|
|
Historical
Drilling
(number)
|
From
(m)
|
To
(m)
|
AU
(g/t)
|
Length
(m)
|
Comment
|
AG-90-05
|
30.75
|
31.25
|
5.94
|
0.50
|
|
AG-90-05
|
68.90
|
71.60
|
1.09
|
2.70
|
|
AG-90-06
|
77.49
|
79.70
|
1.16
|
2.21
|
|
AG-90-06
|
111.34
|
112.25
|
1.72
|
0.91
|
|
AG-89-10
|
159.85
|
165.84
|
4.24
|
5.99
|
|
incl.
|
163.20
|
164.84
|
9.19
|
1.64
|
|
AG-90-04
|
229.50
|
230.95
|
1.87
|
1.45
|
|
AG-90-04
|
246.20
|
249.20
|
1.22
|
3.00
|
|
AG-90-09
|
168.66
|
173.50
|
1.09
|
4.84
|
|
AG-90-09
|
206.60
|
207.10
|
2.30
|
0.50
|
|
AG-90-10
|
204.75
|
205.25
|
14.55
|
0.50
|
|
AG-90-11
|
48.00
|
49.00
|
1.15
|
1.00
|
|
AG-90-12
|
39.82
|
40.82
|
1.71
|
1.00
|
|
AG-90-14
|
43.25
|
44.25
|
1.26
|
1.00
|
|
AG-90-17
|
158.25
|
158.75
|
3.67
|
0.50
|
|
AG-90-18
|
132.60
|
133.60
|
1.00
|
1.00
|
|
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responsible for the accuracy or truthfulness of this release.
SOURCE Typhoon Exploration Inc.