LAVAL, QUEBEC -- (Marketwire) -- 07/24/12 -- Typhoon Exploration Inc. (TSX VENTURE: TYP) publishes an update of the activities on the Fayolle Property.
FAYOLLE PROPERTY:
(100%-owned by Typhoon)
The Fayolle Property straddles a section of approximately 15 km on the Porcupine-Destor Fault (80 million ounces of gold produced). This major structure of east-west orientation has generated several deposits in Quebec [...]
LAVAL, QUEBEC -- (Marketwire) -- 07/18/12 -- Institutional Shareholder Services Inc. (ISS), a leading independent proxy advisory firm, has recommended that shareholders of Typhoon Exploration Inc. - (TSX VENTURE: TYP) vote in favour of the management slate of board nominees at the upcoming annual general meeting.
For more information and assistance in voting their BLUE proxy in favour of the management nominees [...]
LAVAL, QUEBEC -- (Marketwire) -- 07/17/12 -- Typhoon Exploration Inc. - (TSX VENTURE: TYP) publishes a review of some of the best drilling results on the Fayolle Property from 2004 to 2012. This review aims to provide shareholders with a better understanding of the Fayolle Project and its gold potential.
The key points are as follow:
-- The Fayolle Property is 100%-owned by Typhoon and covers 23.23 km2 [...]
LAVAL, QUEBEC -- (Marketwire) -- 07/10/12 -- Typhoon Exploration Inc. - (TSX VENTURE: TYP) announces that it is in the final phase in order to obtain a new resource calculation of the Fayolle Deposit, as per National Instrument 43-101 standards, as well as a metallurgical study of the gold recovery rate.
When both studies are completed and announced by a press release, Typhoon Exploration Inc. will then initiate a [...]
Typhoon Explorationis pleased to announce that the third subscription was completed by Aurizon Mines on June 11, 2012, for aggregate proceeds of $500,000. In total, Typhon issued 1,923,077 common shares at a price of $0.26 per share. The securities issued under the offering will be subject to a four-month-and-one-day hold period ending on October 12, 2012.
Aurizon Mines announces that pursuant to the terms of the Fayolle Property option agreement, it has acquired an additional 1,923,077 common shares of Typhoon Exploration at a cost of $500,000. The Shares represent approximately 8.8% of the issued and outstanding common shares of TYP. As a result of the acquisition of the Shares, Aurizon now owns 3,166,738 common shares, representing approximately 14.5% of the issued and [...]
Typhoon announces the results of its winter drilling campaign on the Fayolle Project, 100%-owned by Typhoon. This Project is comprised of 39 mining claims and covers a surface of approximately 1475.12 hectares. It is located within the Aiguebelle and Cléricy townships, at approximately 25 kilometers north-east of the town of Rouyn-Noranda. Typhoon Exploration Inc. acts as manager on this project, under an option agreement [...]
Typhoon is pleased to announce that the aggressive systematic exploration drilling campaign has generated several discoveries, stretching over 2.5 km, in the northern part of the Fayolle Property. The year 2012 will be under the sign of the interpretation and analysis of all results obtained with the drilling campaigns since 2010. In the first quarter of 2012, definition drillings were carried out in order to validate [...]
Typhoon is pleased to announce the appointment of Mr. Michel Basque as a new member of the Company's Board of Directors. Over the past 34 years, Mr. Basque has held various positions related to public safety at both the federal and provincial levels of government in the province of Quebec (as well as in its Far North region) and in Europe.
Typhoon is pleased to announce that following the recommendation of the technical committee, comprised of Typhoon-Aurizon Tandem members, Typhoon has granted SGS Canada Inc. a contract in order to proceed with a metallurgical study of the gold resources of the Fayolle Deposit. Considering the results obtained to date on the Fayolle Project, Typhoon and Aurizon agree on the fact that this study will provide new information [...]
Typhoon Exploration announces a new series of results under a drilling program currently underway on its 100%-owned Fayolle Deposit, in which Aurizon Mines Ltd. may acquire a 65% interest, subject to a 2% royalty, by conducting $25 million dollars` worth of exploration work and a $2 million dollar private placement, for a total of $27 million dollars.
Typhoon Exploration announces that it has received all the results from its drilling campaign carried out on the Monexco Property, in the heart of Plan Nord, where a total of seven holes were drilled. The drilling campaign aimed to understanding the mineralized system at depth below showings of the stripping #1 (5 drillholes) and the stripping VG (2 drillholes). Note that the mineralization follows an east-west oriented [...]