Duran Reports Up to 7.8 g Gold/t, 191.0 g Silver/t, and 9.1% Copper From Prioritizing Precious Mineral Exploration in Peru
TORONTO, ONTARIO - (Feb. 23, 2009) - Duran Ventures Inc. (TSX VENTURE:DRV) is pleased to report that preliminary regional sampling and assessment work carried out in various areas of Duran's 11,000 hectares of exploration properties over the past few months has been successful in locating several Gold, Silver, and Copper showings. Anomalous samples with values as high as 7.8 g gold/t, 191.0 g silver/t, and 9.1% copper were collected in separate samples from various areas of Duran's exploration properties (see attached Figure 1). Seventeen samples returned gold values of over 1.0 g gold/t, and 12 samples returned silver values of over 31.1 g silver/t (1.0 troy ounce).
Historic small-scale mining in the area produced gold, copper, and silver from vein and manto systems in the San Juan, Santa Rosa, and Pucapampa mines, all of which fall within Duran's exploration properties. Previously unknown to the Company, chalcopyrite-bearing porphyritic intrusive bodies have been found both in the north-west and south-east ends of Duran's exploration properties. One sample from these returned 0.65% copper and 1.9 g gold/t. We will be continuing to assess these new areas in more detail during 2009 as we continue the regional assessment of our properties. Management is very encouraged by these early stage results indicating the potential for numerous additional precious mineral targets within our large exploration properties.
Duran Ventures plans further development work this year in the Aguila and Pasacancha areas to define future drill targets. The work program includes an induced polarization (IP) and magnetic (Mag) geophysical surveys, detailed geological mapping and sampling, and assessment of the mineral potential of the area between Aguila and Pasacancha ('Area of Interest' in attached Figure 2). Several mineralized intrusive bodies have been found in this area and are in process of being sampled and mapped in detail. Continued diamond drilling is planned in 2009 for the Pasacancha Ag-Pb-Zn Target as well as for new prospects to be identified in the area of the IP and Mag surveys.
Duran geologists began a surface channel sampling program over the Aguila East porphyry body in January of this year. The program consists of 4 parallel samples lines separated by 50 metres distance between lines (see attached Figure 3). To date, only Line A (LINEA A) has been completed since fieldwork was temporarily suspended due to extremely heavy rains this year. This work is expected to resume in March when weather permits. Samples are being collected by cutting a continuous 20 centimetre wide channel to a depth of 5 centimetres with a diamond saw, chiseling out the rock in the channel, and quartering the material down to an adequate size for laboratory samples. Most samples were 3 metres in length. Results will be released after completion of the channel sampling program. Management believes that the Aguila East will develop into a significant secondary target which will expand upon the currently known Aguila Main Target with 14 successful drill holes (January 5, 2009 news release) and which will merit further development to the drill testing stage.
Duran management remains very optimistic for the potential to locate and define new and significant porphyry and vein or manto type copper and precious metal targets in what is emerging as a very important mineralized district. We remain committed to developing what we see as tremendous mineral potential in the Aguila area.
Cary Pothorin, P.Geo. ,President, of Duran Ventures Inc., is a Qualified Person as defined in National Policy 43-101, and is responsible for all technical information contained in this news release.
Investors are invited to visit the Duran Ventures IR Hub at www.agoracom.com/ir/duran where they can post questions and receive answers or review existing questions and answers. Investors may also ask questions or request to be added to the investor email list at DRV@agoracom.com
Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange: Symbol "DRV".
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CONTACT INFORMATION:
Duran Ventures Inc.
George A Brown
CEO
(416) 867-1101
Fax: (416) 867-1222
Email: duranventures@ca.inter.net
Website: www.duranventuresinc.com
