For thousands of other reports visit RSC's Mineral Intellingence Map
Typhoon Exploration Inc.
Summary
| Project: | Monexco | |
|---|---|---|
| Deposit: | Monexco | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 4/5/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-4-2018: Typhoon Exploration Inc. announces an Exploration/Drilling Update report for its Monexco deposit at the Monexco project. Technical report summarizing exploration completed on property and recommendations for further work. Following report presen | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Martin Demers (Independent) | |
| ABSTRACT: | Following report presents prospecting and sampling works done on the Monexco property by Typhoon Exploration Inc. during 2015 and 2016. The single block of 42 contiguous designated claims, covering 2,324.02 hectares is 100 % owned by Typhoon Exploration Inc., the “Issuer”. The property is free of any encumbrance and subject to 1.5% Net Smelting Return. The Monexco property is located about 30 km north-east of the town of Chibougamau in the Nord du Quebec region and on the Eeyou Istchee territory. The property is enclosed inside the Albanel – Mistassini – Waconichi Lakes Wildlife Reserve, a management unit included inside of Category 3 Mistassini Community Territory under the James Bay Agreement. More accurately, the claims block is centered on coordinates 573,000E, 5,539,500N in the UTM NAD83 Zone 18 projection system. The area is reached using the forestry road No A-11, about 35km east of the intersection with Road 167 connecting Chibougamau with the Cree community of Mistassini. The property geological map touches two main regional structural features: the Rivière France corridor and Faribault Fault zone. This favorability zone for gold was recently defined by the MERN (“Énergie et Ressources Naturelles Québec”) as a new high potential gold target located at the upper contact of the Gilman Formation. In this context, quartzo-feldspathic porphyry dykes intersect the Rivière France lineament in association with high levels of deformation and iron carbonate alteration (Houle P., 2003). North-east minor faults, fractures and occasional ductile to brittle shears have created an enrichment factors in the deformation system. Other mineralization styles found on the property reflect the Chibougamau Camp metallogeny with early sulfides rich veins overprinted by late tectonic orogenic veins type deposit (Pilote et al., 1998). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report