TYPHOON EXPLORATION
INC. ("Typhoon") is pleased to announce that
following the resources estimate and the PEA report, Aurizon Mines
Ltd. AZK is currently pursuing basic work on the Fayolle Property,
comprised of 39 mining claims which are owned exclusively by Typhoon
and cover 1,373 hectares straddling the major Porcupine-Destor Fault,
one of the most productive gold structures of the Abitibi belt. It is
to be noted that the mineralized zones of the Fayolle Deposit are
distributed along a major shear corridor of approximately 2.5 km long
by 1 km wide.
Aurizon is currently conducting the revision of drill cores
(pre-Typhoon and recent 2010-2012) including lithogeochemical
sampling of the main units, alterations and mineralized envelopes; a
more detailed description of lithology at the end of drillholes and
structures along drillholes as well as economic sampling at the end of drillholes.
UPDATED MINERAL RESOURCE ESTIMATE SUMMARY
The updated mineral resource estimate integrates the results of all
the drill programs on the Fayolle Deposit since the mineral resource
estimate prepared for Typhoon Exploration Inc. in 2007. (See press
release dated January 19, 2007)
The updated mineral resources are estimated at 1,814,800 tonnes at
2.7 grams of gold per tonne, or 156,000 ounces of gold at a minimum
cut-off grade of 0.8 grams of gold per tonne. All of the updated
mineral resources are in the indicated mineral resource category.
(See press release dated September 6, 2012)
Preliminary metallurgical testwork indicates a process recovery
between 94% and 97% with straight cyanidation. On the environmental
side, testing done on two composites samples suggests that acid generation is highly unlikely to occur from these samples considering
the high carbonate/low sulphur content profile of both types of
mineralized rocks.
The following table represents results at additional cut-off grades
for comparison purposes (cut-off grades are based on the market
conditions: gold price, exchange rates and mining costs).
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