Typhoon Exploration Inc.

Typhoon Exploration Inc.

February 11, 2010 09:51 ET

Typhoon Announces the Conclusion of a 2D Study With DIAGNOS

LAVAL, CANADA--(Marketwire - Feb. 11, 2010) - Typhoon Exploration Inc (TSX VENTURE:TYP)announces the results from a study carried out by the DIAGNOS INC. team, which utilized CARDS prediction system.

On a regional scale (figure 1: http://media3.marketwire.com/docs/Typhoon_en_0211.jpg) CARDS new prediction methods - "C-Cluster" and "Ageo" - developed by the DIAGNOS team, revealed the presence of a major anomaly located 700 meters east of the Mc Donald showing which potentially corresponds to a porphyry-type gold mineralization. This anomaly lies north of a high-probability GOCAD zone. Drillings were completed by Minerai Lac in 1997 (AIG-97-08, AIG-97-14 and AIG-97-15) south of the DIAGNOS anomaly. These auriferous drillings obtained values of 441 ppb on 8.63 meters (AIG-97-08) and 1698 ppb on 3.25 meters (AIG-97-15). The core of the AIG-97-14 drill hole has been re-verified and re-analysed by Typhoon Exploration's team. The principal lithology towards the end of the survey is that of a hematized, albitized porphyric intrusion containing a stockwerk network of quartz veins. The intrusion is mineralized by fine cubic pyrite with traces of chalcopyrite. A large section of 33 meters which had not yet been analyzed was sawed out and sent for assay. The results obtained were clearly anomalous with gold values ranging from 100 to 300 ppb.

Due to its proximity to a Gocad target, the DIAGNOS anomaly opens a new potential exploration area at more than 700 meters east of the Mc Donald Showing and 1000 meters east of the Fayolle Deposit. Drillings carried out in proximity to this anomaly confirm the presence of gold and the pertinence of the technical approach developed by Typhoon Exploration's team.

Mr. Robert Gagnon, P. Geo., Technical Advisor, a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the information in this news release.

The common shares of Typhoon Exploration are listed on the Venture Stock Exchange under the symbol "TYP".

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act 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 does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Typhoon Exploration Inc.
    Robert Gagnon
    P.Geo. Director
    Typhoon Exploration Inc.
    David Mc Donald
    President and CEO
    450-622-4066 or Toll-free 1-877-622-4004
    450-622-4337 (FAX)