Fayolle its a boomerTyphoon Exploration Inc.: Drilling on the Fayolle Deposit Revealed Impressive Gold Grades, Including 14.9 g/t Over 30 Metres
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Aurizon Mines hits boomer - 1,480 g/t gold - in Quebec
As it expands the extent of known gold mineralization near the Fayolle gold deposit, Aurizon Mines reports a bonanza grade gold intercept.
HALIFAX, NS -
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Mid-tier gold miner Aurizon Mines (TSX: ARZ) cut a bonanza-grade intercept as part of an extensive drill program at the Fayolle gold project near Rouyn Noranda, Quebec, under option from Typhoon Exploration.
Hole 15 returned 1 metre @ 1,480 g/t gold starting 51 metres downhole.
Other intercepts reported by Aurizon included 1.3 g/t Au over 36 metres and 2.7 g/t Au over 8 metres.
The drilling results are from widely spaced drillhole collars in which Aurizon targeted several distinct mineralized zones within a 500-metre-wide, 2-kilometre-long corridor. Aurizon's aim is to flesh out mineralization within a couple kilometres of the better known Fayolle deposit.
That deposit, which has a 113,000-ounce-gold inferred resource estimate @ 1.6 g/t Au, sits at the northwest corner of prospective rock where Aurizon has been drilling in a stretch of what is known as the Manneville Break.
Martin Demers, Aurizon's exploration manager, noted that a quarter of the intercepts bore mineralization at "a Fayolle deposit target size."
Aurizon also drew attention to the fact that the bonanza gold intercept in hole 15 came in quartz veins associated with a 1-kilometre long intrusive bearing "a polymetallic signature."
The Fayolle project is one of Aurizon's more active exploration programs beyond its Casa Berardi gold mine and Joanna development project, which is on its way to feasibility.
Typhoon Exploration owns Fayolle but Aurizon has an option to earn a 50 percent interest after C$10 million in exploration expenditures over four years, along with a subscription to C$2 million worth of Typhoon shares. Aurizon can bump its interest up to 65 percent if it completes a feasibility study of the Fayolle project or spends C$15 million more.