Typhoon Initiates Resource Estimation Process and Begins Drilling at Fayolle.LAVAL, Quebec Laval (pronounced  ) is a city and a region in southwestern Quebec, Canada in the Greater Montreal Area. It is located on Île Jésus, across the Rivière des Prairies from Montreal. -- Typhoon typhoon: see hurricane. Exploration inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:TOO) is pleased to announce that the Company has initiated gold resource estimation estimation In mathematics, use of a function or formula to derive a solution or make a prediction. Unlike approximation, it has precise connotations. In statistics, for example, it connotes the careful selection and testing of a function called an estimator. work using National Instrument 43-101 standards at its 100% owned Fayolle Property. The resource estimation process will integrate key features of the Fayolle mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. . The most important is the 50 to 100 meter wide, four mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. corridors.One of these corridors contains the high grade gold lenses or "Sigma-type jewellery boxes" intersected in FA-05-15, which gave 43.5 g/t gold over 25.1 meters.Diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral began anew a·new adv. 1. Once more; again. 2. In a new and different way, form, or manner. [Middle English : a, of (from Old English of; see of) + new this week. The campaign will test the extension of the FA-05-15 lens, as well as for additional high grade lenses in the mineralized corridors. The best assay interval results(i) greater than 3 g/t gold and 3 meters from the drill programs are listed in the following table :
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Drill Hole # From To Weighted Average Weighted Average
(meters)(meters) Grade Grade
(g/t Au / meters) (oz/t Au / feet)
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2004 Drill Holes
(http://www.explorationtyphon.com/Docs/Z_Fayolle_2004.pdf)
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FA-04-01 155.0 169.7 4.26 14.7 0.12 48.2
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FA-04-02 14.9 25.7 4.49 10.8 0.13 35.4
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32.8 61.5 5.01 28.7 0.15 94.2
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FA-04-03 21.0 25.3 9.89 4.3 0.29 14.1
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FA-04-04 138.4 153.3 4.09 14.9 0.12 48.9
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FA-04-05 145.8 150.0 5.99 4.3 0.18 14.1
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158.0 162.2 5.74 4.2 0.17 13.8
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FA-04-09 13.0 22.6 11.74 9.6 0.34 31.5
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Winter 2005
(http://www.explorationtyphon.com/Docs/Z_Fayolle_2004.pdf)
and Summer 2005
(http://www.explorationtyphon.com/Docs/Z_Fayolle_2004.pdf)
Drill Holes
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FA-05-03 182.0 189.0 6.02 7.0 0.18 23.0
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216.0 220.0 4.37 4.0 0.13 13.1
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FA-05-05 89.0 93.3 3.07 4.3 0.09 14.1
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FA-05-07 199.0 204.0 4.94 5.0 0.14 16.4
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FA-05-08 75.4 83.0 6.91 7.6 0.20 24.9
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FA-05-10 140.0 145.0 7.83 5.0 0.23 16.4
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FA-05-11 147.0 152.4 5.45 5.4 0.16 17.7
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FA-05-13 11.0 23.0 5.42 12.0 0.16 39.4
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179.2 182.6 4.53 3.4 0.13 11.2
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FA-05-15 28.0 53.1 43.51 25.1 1.27 82.3
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December 2005 Drill Holes
(http://www.explorationtyphon.com/Docs/Z_Fayolle_2005_3.pdf)
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FA-05-20 24.0 28.3 10.87 4.3 0.32 14.1
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FA-05-22 23.2 28.9 6.17 5.7 0.18 18.9
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FA-05-23 28.3 34.0 11.07 5.7 0.32 18.7
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FA-05-27 5.5 25.0 5.26 19.5 0.15 64.0
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FA-05-28 19.5 31.5 18.60 12.1 0.54 39.7
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(i) A full listing of all the detailed results from the 2004-2005
drill campaigns are available on the Company's website at
www.explorationtyphon.com. Grades are uncut. Lengths are measured
along the core axis and are not true widths.
The resource estimation process will consist of (1) a land survey of the Fayolle Showing sector, that will include a precise positioning Precise Positioning is a term used to describe techniques to obtain the location of an object to better than a few centimeters of accuracy. Historically precise positioning was associated with surveying and geodesy. of the historical and current diamond drill holes, a topographical survey and a claim boundary survey - the land survey has been completed; (2) a thorough review and validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. of the 2004-2005 technical database, that will include a final litho-structural interpretation and 2-D / 3-D modeling on level plans and sections; (3)resource estimation based on statistical parameters A statistical parameter is a parameter that indexes a family of probability distributions. Among parameterized families of distributions are the normal distributions, the Poisson distributions, the binomial distributions, and the exponential distributions. proper to the Fayolle mineralization, that include additional Quality Control work; and (4) a National Instrument 43-101 technical report. Innovexplo inc. of Val-d'Or, Quebec Val-d'Or is a city in Quebec, Canada with a population of 32,288 (2006). It is located in the Abitibi-Témiscamingue region near the Vérendrye provincial nature reserve. Gold was discovered in the area in 1923. The name of the town is French for "Valley of Gold. , will be involved in completing the resource estimation, which will be eventually be summarized in a 43-101 technical report slated for completion early in the second Quarter of 2006. Innovexplo's experience in Abitibi-style lode gold deposits will be a significant contribution to Typhoon's efforts at producing high quality gold resources at Fayolle. Innovexplo has recently completed a 43-101 technical report on Mineral Resources Noun 1. mineral resources - natural resources in the form of minerals natural resource, natural resources - resources (actual and potential) supplied by nature and Reserves for Agnico-Eagle Mines Goldex Extension Zone in Val-d'Or, Quebec. The Company expects to drill 5,000 meters (16,400 feet) over the next several months and results will be released as soon as they become available. The Fayolle project is managed by Jean Lafleur Jean Lafleur is a Canadian businessman famous for his role in the Liberal Party of Canada sponsorship scandal. On April 27, 2007, Lafleur returned to Canada from a two-year stay in Belize, where he was reported to have lived in an exclusive villa and enjoyed fine wines. , P. Geol. (OGQ). Mr. Lafleur, is a Qualified Person as defined by National Instrument 43-101, supervised su·per·vise tr.v. su·per·vised, su·per·vis·ing, su·per·vis·es To have the charge and direction of; superintend. [Middle English *supervisen, from Medieval Latin the preparation of the information in this news release. The common shares of Typhoon Exploration are listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol "TOO". Statements in this release that are not historical facts are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these"forward-looking statements". The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Typhoon Exploration inc. (TSX VENTURE:TOO) |
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