January 25, 2011 / 2:03 PM / in 7 years

UPDATE 1-Diamond Frank says starts drilling at Destorbelle

* Owns 50 pct of Destorbelle property in Quebec

* Typhoon Exploration owns other 50 pct

* Says project located west of Typhoon's Fayolle deposit

Jan 25 (Reuters) - Mineral explorer Diamond Frank Exploration Inc DOD.V said it began its 2011 drilling program at the Destorbelle project in Quebec with Typhoon Exploration Inc TYP.V.

The Destorbelle property, which consists of 24 mining claims and is equally owned by Diamond Frank and Typhoon Exploration, is located west of the Fayolle gold deposit.

The drilling program will focus on northwest of the Fayolle deposit, Diamond Frank said in a statement.

Diamond Frank shares closed at 16 Canadian cents on Monday on the Toronto Venture Exchange, while those of Typhoon Exploration closed at 79 Canadian cents. (Reporting by Arnika Thakur in Bangalore; Editing by Anne Pallivathuckal)

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