Typhoon Exploration has declared a new chain of results from a drilling campaign, which is being conducted on its Fayolle Deposit. Aurizon Mines may earn a 65% interest in the Fayolle Deposit by spending $25 million dollars for reconnaissance work and an additional $2 million dollars as private placement.
A verification program on the continuity of Fayolle Deposit provided results that comprise 15.5 g/t gold over 3 m in the FA12-88 drill hole and 10.2 g/t gold over 5.0 m, including 31.8 g/t gold over 1.0 m and 12.1 g/t gold over 3 m in the FA-12-87 drill hole. Several assay results will be released shortly.
In February and March 2012, drilling operations were primarily carried out on the Mc Donald Showing, which lies about 400 m towards the east of the Fayolle Deposit. The goal of the drilling program is to confirm whether the gold mineralization present in both the regions can be linked. Drilling was done to examine the continuity on the Fayolle Deposit and fill the information gap in the mineralized structure so as to complete a preliminary resource evaluation under the partnership. This estimation is expected to be available in 2012.
CorientR tool was used to orient the entire drill cores so as to determine their geological structures. A FLEXIT device was used to perform a deviation analysis. Drill cores were cut in half, wherein one part is being tested, while the other part is being kept as a control.
Source: http://www.typhoonexploration.com/