Feature article January 21, 2021:
Typhoon
Highly Prospective for New Gold Discovery, Drilling the Prolific
Porcupine-Destor Break
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Typhoon Exploration
Inc.
(TSX-V:
TYP) (US: TYPFF) (TPH1.BE) |
Share data, Capitalization, & Corporate info
Shares Outstanding:
~62.8 million
Recently Traded:
~CDN$0.08/share (TSX-V:
TYP)
52 Week High/Low:
$0.03/ 0.11
Current Market
Cap.:
~$5.1 million Canadian
Corporate Website:
www.explorationtyphon.com
-
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.
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Valuation Commentary:
Typhoon Exploration Inc. (TSX-V: TYP) (US Listing:
TYPFF) (Berlin: TPH1) 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.
Figure 1. (below) Abitbi Greenstone
Belt

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 (~$4 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 this article, 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.

Figure 2. (above) Location Map
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% interest and 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.

Figure 3. (above) Location of Aiguebelle-Goldfields
property of Typhoon Exploration seen in pink color, located directly adjacent
IAMGOLD's Fayolle gold deposit.
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).
* Cautionary note: Historical drill results do not
meet actual best practice standards acknowledged by the National
Instrument NI 43-101.They are communicated as a possible outcome.
(Source: Exploration Typhon inc. Rapport technique des travaux de
forage 2011 sur la propriété Aiguebelle-Goldfields, canton
Aiguebelle, December 2012. A.J., Beauregard, p.geo., D. Gaudreault,
ing.)
The following image shows where the majority of
past drilling activity on Aiguebelle-Goldfields occurred, focused
principally in one area only, without stepping-out further westward
along the structures:
<== click thumbnail of past drilling to enlarge.
This image was taken from
Typhoon Exploration's corporate website page about the Aiguebelle-Goldfields
Property where a more comprehensive summary of past work can be
found.

Table 1. (above)
Aiguebelle-Goldfields prior results -- All results are
historical, their use should be limited as gold potential
indicators.
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", and October
28, 2020 news release "Typhoon
Starting Exploration Works on Aiguebelle-Goldfields and Syenite
Condor".
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.
EXPLORATION UPDATE
See December 22, 2020 news entitled "Typhoon
resumes drilling on Aiguebelle-Goldfields: Presence of
mineralization indicators";
Typhoon resumes drilling on
Aiguebelle-Goldfields: Presence of
mineralization indicators
PIEDMONT, QC, Dec. 22, 2020 /CNW
Telbec/ - Typhoon
Exploration Inc. (TSXV: TYP) ("Typhoon"
or "the Company") completed the first part
of its new drill program on the Aiguebelle-Goldfields
claims block, located about 35 km north-east
of Rouyn-Noranda,
Abitibi (Québec). The total program includes
20 holes totalling 3,000 metres and is
expected to be completed in early
February 2021.
To this date, 7 holes, from 200 to
300 metre-deep each, and totalling
1928 metres, were completed in the southern
portion of a single mining title of the
project. The holes are distributed in three
sections, spaced out by approximately
100 metres. The program aims at locating new
gold-bearing structures in an area where
sporadic previous drilling has demonstrated
the presence of strong gold anomalies. To
date, geological observations made on the
core of the first three holes (AIG-20-001 to
AIG-20-003) contain the following
elements:
Drill hole |
Section |
Interval of interest |
Geological
description |
AIG-20-001 |
661750 |
25-41 m (16 m) |
Syenite dykes
swarms, strongly
sheared,
pyritization. |
171-191 m (20 m) |
Sheared iron
carbonate alteration
zone with syenite
dykes. |
AIG-20-002 |
661650 |
15m-27 m (12 m) |
Syenite dykes
swarms, hematization
with pyrite. |
162-220 m (58 m) |
Sheared and altered
contact between
ultramafic volcanics
and sediments,
injected by syenite
dykes, variably
pyritized. |
AIG-20-003 |
661550 |
98-114 m (16 m) |
Fault zone injected
with syenite
intrusions. |
114-168 m (54 m) |
Continuous altered
syenite intrusion,
fractured with
pyrite
dissemination. |
Overall, the intersected geological context
follows the contact between the Lanaudière
Group sequence of ultramafic and mafic
volcanic, and the Kewagama sediments Group
extending southward.
The drilling is centred on the Manneville
Nord Fault, where the structure is partly
filled by a suite of alkaline intrusions,
usually showing a red hematite alteration
associated with iron carbonate and
disseminated pyrite, which represents the
main gold target. According to the
preliminary geological description and
interpretation, this structure's estimated
target width of ranges between 12 and
40 metres.
Typhoon controls the exploration ground
called Aiguebelle-Goldfields, eastern
bounded by IAMgold Corporation's Fayolle
project. Aiguebelle-Goldfields' boundary is
approximately 250 metres away from the
Fayolle zone. Historical drilling is located
at approximately 600 metres west of the
Fayolle zone. The drill plan is firstly to
test the possibility to find, inside this
gap, additional mineralization following the
same geological trend. The drill pattern
will cover three stacked gold-bearing
structures previously identified by
historical drilling.
"Our first evaluation of the new drill cores
surprised us in many ways. Firstly, the
geological context observed with hematized
syenite dykes, the associated alteration,
and the disseminated mineralization are all
gold-favourable geological features and are
well known as such in the region. They
remind us of the Bachelor Lake Mine (Bonterra
Resources) and the Douay project (Maple
Gold Mines), where Typhoon
Exploration management and geologist were
respectively involved at some point," says
Ghislain Morin, Typhoon's CEO.
...Click
here for full copy from source |
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The following is some geological imagery
regarding Typhoon's property that will give those with a keen eye
for geology a better appreciation of matters:

Figure 4.(above) Aiguebelle-Goldfields in
relation to fault structures

Figure 5.(above) Aiguebelle-Goldfields (AIG),
Destorbelle Property also owned in-part by TYP, and Syenite-Condor
(recently acquired 100% by TYP).

Figure 5.(above) Aiguebelle-Goldfields

Figure 6.(above) Aiguebelle-Goldfields property
with trends and faults superimposed

Figure 7.(above) Aiguebelle-Goldfields and
neighbours, trends

Figure 8.(above) Aiguebelle-Goldfields

Figure 9.(above) Aiguebelle-Goldfields

Figure 10.(above) Aiguebelle-Goldfields
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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 may be a little late in the season to
trench, but expect early spring-2021 excitement on this front.
A mechanical shovel has been 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.

Figure 11. (above) Location of Syenite Condor
Property of Typhoon Exploration seen in yellow outline, also located directly adjacent IAMGOLD's Fayolle gold deposit.
Excerpt copy from September 17, 2020 news
release entitled "Typhoon
Confirms Interim Board and Acquires the "Syenite Condor" Property";
The Syenite Condor Property was the object of
numerous exploration programs over the last decades in relation with
the presence of a syenite intrusive body. Axe Exploration (defunct)
lead its exploration in a series of low ground valley interpreted at
that time as structural lineaments. An initial prospection program
done in 2017 produced the discovery of the Unique 1 gold surface
showing with 5 samples from outcrops returning values of 5.28 g/t,
3.11 g/t, 2.31 g/t, 2.74 g/t and 0.65 g/t. The mineralization takes
the form of disseminated pyrite1. About 1.3 km east of the Unique 1
showing, an isolated and partially buried block of metric size
returned 0.8 g/t in a similar host rock.
The Syenite-Condor Property is located inside the Destor-Porcupine
Break, a region that extends from Timmins (Ontario) to Destor
(Québec), 500 km eastward. It is evaluated that the whole Abitibi
has produced 170 million ounces since 1901. The Property's location
corresponds to the eastward termination of the Porcupine Break, in
an area characterized by an array of regional faults known to host
gold occurrences. About 30 km west of the Property, the Beattie
Mines produced 1.2 M oz of gold from an underground mine between
1943 and 1950.
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