- 100%-Owned Aiguebelle - Goldfields Property: Confidence for a high gold hit ratio on this fall-2020 drill program is strong; targets on ground only a few 100 m westward from the Fayolle Property, for which Monarch Gold recently drilled 3.33 g/t over 109 m and sold to IAMGOLD.
- 100%-Owned Syenite-Condor Property: Blocks found at surface are understood to be frozen clay pushed up, grading 5.28 g/t, 3.11 g/t, 2.31 g/t, 2.74 g/t gold.
Typhoon Exploration Inc. (TSX-V: TYP) (US Listing: TYPFF) (Berlin: TPH1)is the subject of a Mining MarketWatch Journal review, the full review with complete graphics may be seen at https://miningmarketwatch.net/typ.htmonline.
Typhoon Exploration is a Canadian-based mineral exploration company focused on advancing its now 100%-owned Aiguebelle-Goldfields Property and Syenite-Condor Property, both located along the eastern extension of the Porcupine-Destor Fault (Quebec-side), part of Canada's prolific Abitibi Greenstone Belt. The belt is a hot bed of past, current and developing producers; this world-class belt has produced ~200 million ounces of gold since the first mines were developed in the early 1900s.
The Abitibi is the world’s largest mineral-rich greenstone geological belt, hosting many major gold and base metal deposits. It is a ~450 km long by 150 km wide geological structure that runs through the Canadian Shield, from west of Timmins, Ontario, then eastward to Chibougamau, Quebec.
All of Typhoon Exploration's properties are strategically located at the eastern limit of the Porcupine-Destor fault and highly prospective for gold discovery of significance. With only ~57 million shares outstanding (~$3.42 million Canadian market cap.), shares of TYP.V are poised for upside revaluation, especially as results from current and near-term upcoming exploration efforts materialise.
Quality people are behind the management, governance, and technical guidance, we urge readers to view the CV's of key people at the bottom of the above article URL link, it is an impressive assemblage of talent.
Exploring for Elephants: Typhoon Exploration Inc. is highly prospective for major gold discovery, the eastern extension of the Porcupine-Destor Fault has Timmins-like gold potential;it is the same belt, same type of rock and gold mineralization.
1) Aiguebelle-Goldfields (A.K.A 'Fay West') Property, Quebec -- 100% Owned (2% NSR)
Located ~35 km north-east of the town of Rouyn-Noranda (Quebec), the Aiguebelle-Goldfields Property covers the Porcupine-Destor Break extension. The property has good road access and is close to modern infrastructure and mining-friendly/savvy workforce.
Prior to August 24, 2020 Typhoon's now 100%-owned Aiguebelle-Goldfields property was jointly owned and advanced by Typhoon and Agnico-Eagle Mines. Typhoon has since acquired 100% interestand is now keen to advance its improved understanding of the property. The decision by Typhoon to acquire the other half ownership of the Aiguebelle-Goldfields property from Agnico-Eagles was strategic, in that the new neighbour, IAMGOLD, is likely headed into production on its Fayolle ground and will obviously come knocking on Typhoon's door (a junior mining explorer with two properties adjacent Fayolle) as positive results roll in from Typhoon's Fall 2020 drill program. IAMGOLD has a mill it needs to keep feeding only 35 km away.
Typhoon's Aiguebelle-Goldfields Property is Neighbour to a Significant Gold Deposit
The next-door Fayolle gold deposit was actually brought to PEA stage at one time under the supervision of Typhoon via a 50/50 joint venture with Aurizon Mines, prior to Aurizon's acquisition by Hecla Quebec. The Typhoon-Aurizon Mines joint venture was operated under the supervision of Martin Demers, P.Geo., now a consultant for Typhoon. Monarch Gold got involved on Fayolle and Typhoon's interest in it was bought out a while back, NOTE: Typhoon as of Q3-2020 still owns 2,266,000 shares of Monarch Gold Corporation (MQR.TO); worth well over C$1 million.
The main drilled gold occurrence on Typhoon's ground is located approximately 200 metres westward from the Fayolle Property, for which Monarch Gold Corporation recently released preliminary drill results of 3.33 grams per tonne over 109 metres (see Monarch Gold Corporation's April 30, 2020, press release). Subsequently, this June-2020, Monarch sold Fayolle to IAMGOLD Corporation for a total of $11.5M. The neighbouring Fayolle gold deposit of now IAMGOLD has a tubular shape, like a vertical cigar that keeps going -- interestingly enough, West Timmins has the same geometry and mining is now down over 1 km and going strong. It is not uncommon for miners with Abitibi Greenstone deposits to prove up just enough to be mining economically for a few years, but they stay mining strong for many decades, adding as they go. The grades and characteristics of mineralized zones at Timmins and neighbouring Fayolle deposit offer quality economics -- they are characterized by volume (e.g. not uncommon to find 10 m to 30+ m widths), instead of narrow higher-grade veins.
Past Exploration on Typhoon's Aiguebelle-Goldfields Property
Over the last 6 decades the Aiguebelle-Goldfields property has received ~140 historical drill holes from a myriad of past operators, totalling ~28,570 metres. Much of the past drill holes are pre NI-43-101 rules, thus discussion of historic values by the Company is for the most-part verboten ( reliance on historic numbers for investment purposes by investors), unless brought current.
Historic numbers do however provide guidance;Typhoon is obviously in the right area to encounter quality gold values: Sixteen (16) historical drill holes on Typhoon's ground containing at least one mineralized interval with a grade above 1 g/t over more than two (2) metres were drilled mainly about 600 metres west of the Fayolle zone. Best historical results* are the following: 3.10 g/t gold over 10.2 m(hole 83-01), 2.70 g/t gold over 10.9 m(hole PA-99-01). 4.44 g/t gold over 4.0 m(hole 85-15).
Typhoon has since undertook a thorough revision of all existing data, integrating them into a digital platform, which allowed their reinterpretation based on, among other things, magnetic data processing by 3D inversion. This first phase provided Typhoon a top-down understanding of the Property's gold potential and revealed a gold distribution in three sub-parallel structures, inside a one-kilometre-wide corridor.
High Quality/Probability Drill Targets Lined Up Along Structures Heading Westward
The past magnetic surveys performed by Typhoon were only recently processed using new technology that provides additional insight, and by combining this magnetic data with the past drill data, exceptional targets are now lined up where there are changes in magnetic intensity of host rock occur (ideal for creating a trap for gold). Typhoon's technical team, having been involved on this property in the past, and other properties in the region for decades, and having been involved with the neighbouring Fayolle gold deposit (and related PEA), they have an improved understanding now of the timing of gold in the rocks of Aiguebelle-Goldfields and in secondary structures affecting them -- when they start to drill, confidence is high their gold hit ratio will be good.It is known now that the gold structures from Fayolle extends westward onto Typhoon's ground, and the technical team knows where these structures pass, the drill program will try to intersect this extension.Also, there are two other gold trends on the property, so Typhoon will be able to chase more than one rabbit at a time if the opportunity presents.
New Drill Program
Typhoon Exploration Inc. has announced a new Fall-2020 drill program for the Aiguebelle-Goldfields Property, see related September 2, 2020 news release "New Drilling Campaign on Aiguebelle-Goldfields".
Drilling targets have been identified in the westward extension of mineralized structures of the Fayolle Property. The primary objective of the proposed work is to explore the lateral continuity of known mineralized zones, including that of the Fayolle deposit, and to identify possible extensions of the gold structures associated with the deposit. A first phase of 1,000 metres will aim at locating gold-bearing structures mostly above 200 metres. A second phase of 3,000 to 4,000 metres will follow. Different targets are currently evaluated inside a one-kilometre wide favourable corridor. Typhoon is currently in the process of assessing environmental conditions and planning surface access for a 5,000-meter drill program. The permit application and consultation process will continue in the coming weeks. Drilling is scheduled to begin in September.
2) Syenite Condor Property, Quebec -- 100% Owned, 623 hectares
The Syenite-Condor Property is located in the Clericy Township, at about 30 km north-east of the town of Rouyn-Noranda, Québec.
Blocks found at surface on the property are understood to be frozen clay pushed up, samples graded 5.28 g/t, 3.11 g/t, 2.31 g/t, & 2.74 g/t gold.Typhoon's technical team has a good understanding of the geological occurrence, other significant gold mines which operated for decades in the area had similar occurrences, and with only 2 to 3 m of overburden on the Syenite-Condor Property the technical team believes it can readily locate the source.Typhoon just recently announced 100% ownership of the property this September-2020. It is a little late in the season to trench, but expect early spring-2021 excitement on this front.
The following URL have been identified for additional insight on Typhoon Exploration Inc.:
Company website: http://explorationtyphon.com/en/
Recent Mining Journal article: https://miningmarketwatch.net/typ.htm
James is a freelance information services professional for various media relation firms and financial publications. He monitors and invests in the resource, technology, consumer staples, healthcare, agriculture, financial, energy, utilities, and biotechnology/pharmaceutical sectors.
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