Mining Market Watch Journal


Sector Insight & Corporate Overviews


of Quality Mining Companies

O Free Newsletter/Membership






 O Home Page   O About Us   O Stock Quotes & Research   O Upcoming Sector Events   O Mining Organizations & Schools   O Mining Terms - Glossary  O What is NI-43-101?

Feature article October 28, 2020:


Typhoon Highly Prospective for New Gold Discovery, Drilling the Prolific Porcupine-Destor Break


Typhoon Exploration Inc.



Share data, Capitalization, & Corporate info


 Shares Outstanding:  ~57 million

 Recently Traded: ~CDN$0.06/share (TSX-V: TYP)

 52 Week High/Low: $0.03/ 0.11

 Current Market Cap.: ~$3.5 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.



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.


------ ------ ------


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


------ ------ ------      ------ ------ ------       ------ ------ ------

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.


------ ------ ------      ------ ------ ------      ------ ------ ------



Below is additional insight on Typhoon Exploration Inc.


     Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer



Regional Geology


The region is located within the Abitibi geological sub-province. These rocks are mainly Archean and slightly metamorphosed. They were divided into three groups of volcanic origin and two groups of sedimentary origin.



Figure 12. (above) Regional Geology


The Kinojévis group volcanic rocks are mainly composed of ferriferous and magnesian tholeiites, komatiites and rhyolitic horizons. As for those of the Blake River group, they are characterized by basic andesites intercalated with pyroclastic rocks topped by more felsic rocks with a transitional to calc-alkaline affinity. These rocks are host to many massive sulphide deposits in the Rouyn-Noranda region. The Hébécourt Formation is composed of ferriferous and magnesian tholeiites extending from the Ontario border up to the Bousquet-Laronde mining camp.
Kewagama sedimentary rocks, younger than the volcanics consist of turbidites deposited in basins adjacent to both volcanic edifices. As for Témiscaming rocks, they are younger and are composed of coarse polygenetic sediments deposited in alluvial and fluvial environments.

Several intrusions cut across these rocks. In the vicinity of fault zones, there are a multitude of dykes of different compositions (syenite, tonalite, albitite, lamprophyre). One of these intrusions, composed of syenite and pyroxenite ultrapotassic units, is located south of the property (Cléricy syenite).

The volcano-sedimentary units are separated by long deformation zones such as the Porcupine-Destor, Aiguebelle, Parfouru, Manneville, Manneville North and South faults. These large structures cut across the region on EW to ESE directions. In the property sector, the fault zone results from a triangular collision zone overlapping with different attitudes and directions. Many gold deposits are associated with this structure zone, particularly west of the region and the Ontario side.

As for the Cadillac-Larder Lake Fault, it is located further south. It is a worldwide recognized gold structure that gave birth to several of the largest gold deposits in Canada.

Besides the volcanogenic sulphide mineralization found south of the property, we find in the immediate area gold mineralization associated with either shear zones, or fracture zones (Yvan-Vézina Mine). In a report published by the Quebec Ministry of Natural Resources and Wildlife (RG 96-13), Goutier identifies an area of highly prospective gold zones between the La Pause and Aiguebelle faults. This area is shown on the map below. The property is located in the heart of this prospective area.


Figure 13. (above) Favourable zones with noteworthy gold and polymetallic finds in neighbourhood.

------ ------ ------      ------ ------ ------      ------ ------ ------


Recent news releases regarding Company accomplishments and operational developments:


October 28, 2020: Typhoon Starting Exploration Works on Aiguebelle-Goldfields and Syenite Condor


September 17, 2020: Typhoon Confirms Interim Board and Acquires the "Syenite Condor" Property


September 2, 2020: New Drilling Campaign on Aiguebelle-Goldfields


August 28, 2020: Typhoon Changes Its Information Circular


August 24, 2020: Typhoon to Acquire Remainder of Fay West Property


August 4, 2020: Financial Update - Typhoon Exploration Inc.



Typhoon Exploration's Technical Leadership, Management, and Governance  Skip to top

The current management team and board of directors has a well rounded combination of people that each contribute expertise in disciplines necessary for a successful mining entity:


Martin Demers, P.Geo. – Exploration Consultant / Advisor

Mr. Demers is a professional Geologist with over two decades of experience with much of it focused on the Abitibi Gold Region of Quebec, Canada. Mr. Demers' deep regional experience ranges from field operations up to the commencement of mining operations. Mr. Demers was part of the initial on-the-ground team that oversaw core logging, geological interpretation, drilling program planning, and evaluation of the Aurizon's, Casa Berardi Mine. He was an integral member of the management team and contributed extensively to the company's evolution from an early stage exploration to the commencement of mining operations. His vertically integrated skill set led Mr. Demers to become the primary point of contact with senior mining analysts and investment bankers. In 2013 Hecla Mines (USA) acquired


 Aurizon for $796 million. In addition to the development and successful $796 million exit of Hecla Mines, Mr. Demers is also credited for the discovery of the Wemindji Kimberlite formation (micro diamonds) that was acquired by Honey Badger Exploration. Mr. Demers is a member of the Ordre des Géologues du Québec (ogq #770) and Licensed professional geoscientist, Province of New-Brunswick (L5980).


Serge Roy – Chairman of the Board, Director

Mr. Roy is a respected businessman in the mining industry for the last 25 years and has a vast experience of strategic acquisitions and financial aspects relating to the mining industry. In 1999, he founded Metanor Resources, a company which he eventually listed on the Stock Exchange with a first public offering in December 2003. Initially, Metanor Resources was an exploration company until 2006 and became a commercial producer in 2008, with the acquisition of the Bachelor and Barry’s open-pit project. Mr. Roy was Chairman and CEO of the company from 2003 to 2014, and President of his Board of Directors from 2003 until 2017.


Ghislain Morin – President and CEO, Secretary

Mr. Morin has extensive mining experience, having been involved in mining at Metanor Resources Inc. from 2002 to 2017 as Chief Executive Officer (CEO), and at Allican Resources Inc. from 1997 to 2004.


Yves Dufour – Secretary-treasurer

Mr. Dufour is a graduate specializing in hunting and fishing fauna, and worked for 35 years as a wildlife officer for Environment Canada. Mr. Dufour is also a seasoned investor in the field of mining exploration.


André Gauthier – Independent Director

Mr. Gauthier has been a member of Typhoon Exploration’s Board of Directors since April 2020. Having been involved in the development of the James Bay project, one of Quebec’s largest construction projects, and having worked as a Project Manager and Logistics Specialist for different construction companies, Mr. Gauthier has extensive experience in management.


Michel Lemay – Chief Financial Officer

A well-known mining businessman who has managed several public companies.


------ ------ ------      ------ ------ ------      ------ ------ ------


Note: This article is not intended to be a complete overview of Typhoon Exploration Inc. or a complete listing of Typhoon Exploration's projects. Mining MarketWatch urges the reader to contact the subject company and has identified the following sources for information:


For more information contact Typhoon Exploration's head office at: PH (450) 622.4066


Company's web site: www.explorationtyphon.com   SEDAR Filings: URL



----- ----- -----      ----- ----- -----     ----- ----- -----



Welcome to Mining MarketWatch


We provide insight into resource companies, many which are so often overlooked gems and can provide exceptional potential to richly reward investors.  The companies we select offer outstanding properties, management and experience in the mining/exploration industry.

O Free Newsletter/Membership





 Sector NewswireTM

[Most Recent Quotes from www.kitco.com]


[Most Recent Quotes from www.kitco.com]


[Most Recent Quotes from www.kitco.com]


[Most Recent Quotes from www.kitco.com]


[Most Recent Exchange Rate from www.kitco.com]


  [Most Recent Exchange Rate from www.kitco.com]





*Content found herein is not investment advice see Terms of Use, Disclosure & Disclaimer. This is a journalistic article and the author is not a registered securities advisor, and opinions expressed should not be considered as investment advice to buy or sell securities, but rather journalistic opinion only. Technical mining terms used by the writer may be used/expressed in simplified layman terms and should not be relied upon as appropriate for making investment decisions unless the reader contacts the company directly for independent verification. *Estimates of potential made by the mining analyst and journal(s) are non 43-101 and not from the Company.




© Mining MarketWatch - MiningMarketWatch Home Page - About Mining MarketWatch - Terms of Use, Disclosure & Disclaimer