Vancouver, BC / March 13, 2017 - Durango Resources Inc. (TSX.V-DGO) (OTC-ATOXF), (the "Company" or "Durango") announces technical specifications on its Trove Property that is currently under negotiation (the "Trove Property") as well as the additional property in the area that was recently acquired by Durango (the "New Windfall Property").
Previous exploration work conducted by Durango on the Trove Property included a VLF-EM survey and a detailed humus grid sampling of 1046 samples. NE-SW trending conductors were identified and a strong anomalous gold signal was defined from the humus survey in the SW portion of the property, about 160 m from an NE-SW regional fault crossing the Trove Property. This anomalous gold signal consists of three contiguous anomalous gold values, including 171 ppb Au, which is the highest assayed gold value that was returned from the humus sampling1.
The Trove Property lies in a highly favorable area of the Windfall Lake Gold camp and is almost entirely enclosed by Osisko Mining's (TSX-OSK) ground. Per Durango's map, several Osisko till anomalies are adjacent to Trove Property, three of which are located down-ice, indicating a possible source inside the limits of the Trove Property. A multi-element statistical approach is needed to enhance the interpretation of the humus soil sampling survey.
Durango's recent acquisition of the New Windfall Property announced on March 6th, 2017 is located 2.5 km east of the Trove Property and adjoins the southern limit of Osisko's ground. A limited amount of exploration work has been conducted over this ground which totals an area of over 2,000 hectares. The New Windfall Property is located within 1.5 km of the regional NE-SW faults extending from the Gladiator project of Bonterra Resources. A Power line is crossing the central portion of the claim block and several lakes and rivers are present, which may facilitate the access for future exploration works. Topography indicates that the area could be suitable for a till survey, as a first step to outline future targets. An additional 600 hectares is located to the west of the Trove Property and to the south.
Marcy Kiesman, CEO of Durango stated, "Durango has been positioned for discovery in the Windfall Lake area since 2010 with positive indicators on the Trove Property and our recently-acquired New Windfall Property in the area. Durango looks forward to an exciting year ahead and is working diligently to bring additional value to our shareholders."
The technical contents of this release were approved by Mrs. Isabelle Robillard, M.Sc., P.Geo., an associate of Inlandsis Consultants s.e.n.c who is a Qualified Person as defined by National Instrument 43-101.
(1) Bedard, E. 2011, Technical Report on the Geological mapping, soil sampling and the geophysical survey of the Trove Property. 161 p.
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 Property or any other properties held by Durango, the entering into of any transaction with any third parties, exploration results on the Trove Property or the New Windfall Property 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.