Typhoon Found Up to 81,8 g/t Gold on Monexco, Chibougamau
(firmenpresse) - LAVAL, CANADA -- (Marketwired) -- 07/18/17 -- Exploration Typhon Inc. (TSX VENTURE: TYP) (the "Company") has finalized his compilation and interpretation works on the Monexco property (100% interest), located about 30 kilometres North-East from the town of Chibougamau, inside the North Plan Territory.
The 2016 works covered existing trenches which possess historical gold results with a tight composite sampling. The objective was to outline gold enrichment halos surrounding quartz veins systems. This approach was set up to be able to define best drilling orientation for future works.
SAMPLING
Total of 165 samples were taken on 4 trenches and mechanically stripped outcrops distant from each other from 50 to 100 metres. Spacing between samples varies between 2 and 5 metres. In the Monexco context, gold mineralization takes the form of quartz-tourmaline and quartz-carbonate veins networks following respectively North-East and East-West orientation. Gold bearing structures are identified by strong iron carbonate alteration developed along quartz-feldspath porphyry dykes contacts (see sketch appended).
VG trench
MONEXCO trench
MONEXCO EAST trench
MONEXCO WEST trench area
GOLD POTENTIAL
SAMPLING RESULTS
QAQC
Samples are positioned using a handheld Garmin GPS, recorded as referenced points (waypoints). The accuracy of measurement can vary significantly inside a range of 2 to 15 metres. Depending of the quality of the measurement, sampling stations have been moved according to outcrop mapping to respect the relative position of samples position.
Samples were assays by fire assay on 30 grams cut with an ICP-MS finish. Results above 10 g/t gold are re assayed with a gravimetric finish. ALS Chemex assaying services are used for this program.
CORPORATE UPDATE
Typhoon focuses on the top of the class mineral potential of Quebec for exploring and developing the next generation of world class deposits. The unfailing support of our shareholders (detaining 36,177,791 outstanding shares) and business partners contribute to the success of the Company.
Typhoon common shares are listed on the TSX Ventures Exchange under the stock symbol TYP.
QUALIFIED PERSON
Information of technical nature which appears in this press release was revised by M. Martin Demers, P.Geo. (OGQ), Technical Advisor for Typhoon Exploration. M. Demers is a Qualified Person (QP) as defined by the National Instrument 43-101.
Neither the 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:
Contacts:
David Mc Donald
450.622.4066
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Datum: 18.07.2017 - 12:15 Uhr
Sprache: Deutsch
News-ID 1513958
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LAVAL, CANADA
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Mining & Metals
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