Lithium Exploration Adjacent to Nemaska Lithium's Whabouchi property in Quebec
Message: Durango to Attend Meetings at PDAC & Windfall Lake Aquisition
Vancouver, BC / TheNewswire / March 6, 2017 - Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTC-ATOXF), (the "Company" or "Durango") announces that Company representatives are attending the Prospectors & Developers Association of Canada (PDAC) convention this week to meet with potential financiers, parties interested in the Trove project, and with a professional geologist executive who has been involved with several successful exploration companies.
The Company would also like to announce the acquisition of additional ground in the Windfall Lake gold area. The property is in the Windfall Lake Gold Camp area and is over 2,600 hectares and adjoins property held by Osisko Mining, who just announced on February 28, 2017, the completion of an $82M equity financing. The terms of the 100% purchase agreement are $10,000 cash on signing, and 1,000,000 common shares to be issued upon TSX Venture Exchange approval. Finder's fees of up to 100,000 common shares may be payable subject to TSX Venture Exchange approval. There is no NSR on this property.
Marcy Kiesman CEO of Durango stated, "The recent news by other juniors charging into the area suggested that Durango should act on acquiring the strategically located ground offered to the company. This past February over $100M dollars in financings have been announced by four major companies in the Windfall Lake area. We look forward to what appears to be an exciting year ahead and will continue to work diligently to bring value to our shareholders."
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner's Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Email: [email protected]
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the acquisition of additional ground, the sale of the Trove or any other properties held by Durango, the entering into of any transaction and/or financing with any third parties and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company's prospectus filed on its SEDAR profile at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Please login to post a reply