LAVAL, QUEBEC -- (Marketwire) -- 04/24/12 -- Typhoon Exploration Inc. (TSX VENTURE: TYP) 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 with regard to the gold recovery and will allow us to confirm if the mineralization is amenable to recovery by conventional processing methods.
The methods used to evaluate the gold recovery rate include:
-- Composite assaying -- Grindability evaluation -- Recovery by gravity -- Recovery by leaching -- Recovery by flotation
The work will be supervised by the technical committee of the Typhoon-Aurizon Tandem.
This stage of evaluation will be spread over a 12 to 16 week period and results from this study will be announced as soon as available.
The Typhoon-Aurizon Tandem is confident that the results obtained should propel the Fayolle Project towards another important phase of development.
ABOUT TYPHOON EXPLORATION INC.
The Company holds only 19,918,157 shares outstanding, carries no debt, maintains a strong financial position, is awaiting a new resource calculation on the Fayolle Deposit (under the partnership with Aurizon Mines Ltd.) and owns the following projects:
-- Fayolle Project,100%-owned by Typhoon Exploration Inc.
(See agreement with Aurizon Mines Ltd. in press release dated May 18,
2010)
-- Faille 1 Project, 100%-owned by Typhoon Exploration Inc.
-- Monexco Project, 100%-owned by Typhoon Exploration Inc.
-- Aiguebelle-Goldfields Project, 51%-owned by Typhoon and 49%-owned by
Agnico-Eagle Mines Limited
-- Destorbelle Project, 50%-owned by Typhoon and 50%-owned by Diamond Frank
Exploration Inc.
Visit our company website at http://www.typhoonexploration.com
QUALIFIED PERSON
Mr. Robert Gagnon, P. Geo. (OGQ) of Typhoon Exploration Inc., is the Qualified Person as defined by National Instrument 43-101, to supervise the preparation of this press release.
The common shares of Typhoon Exploration Inc. are listed on the TSX Venture Exchange under the symbol "TYP".
Forward-Looking Statements
This news release contains statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities legislation. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of Typhoon. Actual results or achievements may differ materially from those expressed in, or implied by, this forward-looking information. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits that Typhoon will derive therefrom. Forward-looking information is based on the estimates and opinions of Typhoon at the time the information is released and Typhoon does not undertake any obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. Neither 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.
Contacts:
David Mc Donald
President and CEO
450.622.4066
Toll free: 1.877.622.4004
450.622.4337 (FAX)
info@typhoonexploration.com
www.typhoonexploration.com
