Durango Completes Further Exploration On Its Decouverte Gold Property With Sidex
Vancouver, BC / TNW-ACCESSWIRE / October 8, 2014 / Durango Resources Inc. (the "Company" or "Durango") is pleased to report that the follow up exploration, announced on September 16th, 2014, has been completed on its Decouverte (Discovery) property in northern Quebec. The work included prospecting, geological mapping, rock channel sampling by Durango personnel and overburden (till) sampling under contract by Overburden Drilling Management Limited (ODM) of Ottawa. Due to extensive logging on the property over the summer, new roads have exposed outcrops, generally in the ditches, that were not located in earlier surveys. In general, outcrop remains scarce on the property, and are located away from the roads, although overburden thickness is generally in the 2-5 metre range. A total of 41 rock, 30 overburden (till) and 1 soil sample were taken. All results remain pending.
The ground based exploration program focused on:
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1)Strongly mineralized quartz-sericite schists, possibly altered/sheared, banded, sulphide facies iron formations which have known strike lengths of up to 1.5 km, remaining open along strike.
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2)Gold mineralization in quartz veins and shear zones in mafic volcanics located along the contact of a pegmatite body, which gave values of 7.6 and 6.24 g/t (NR July 23, 2014).
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3)Evaluation of newly exposed outcrops in road ditches, mainly along the possible banded iron formation (BIF) zones, by rock channel sampling using a diamond saw.
Results showed significant mineralization consisting of pyrrhotite, pyrite, minor arsenopyrite and chalcopyrite, up to 20% of the rock, with associated fuchsite (green mica) in the possible BIF. Further results showed a number of narrow shear systems up to 1 m wide carrying narrow, boudinaged, quartz veins with associated pyrite and chalcopyrite and iron carbonate alteration in the mafic volcanics in the area of the 6 and 7 g/t Au samples along the contact area.
Durango contracted ODM to undertake an Orientation Till Sampling Program, mainly to evaluate the property for gold, especially in areas with gold in soil values (NR May 6, 2014). Thirty, 12 kg, basal till samples were collected at 400 to 500 m spacing along four east-west traverses utilizing logging roads approximately 1 km apart, perpendicular to the direction of the regional ice flow, which is approximately 200 degrees in this area.
Marcy Kiesman, CEO, states, "I would like to thank the Durango and ODM field crews for their hard work in the field and also the Societe d'investissement dans la diversification de l'exploration (SIDEX) of Quebec for their investment in Durango under its program Field Action 2014 which made this work possible. The Company looks forward to receiving the assay results for the rock channel samples, soil and the overburden (till) values, from the fall program as we continue to expand our exploration efforts on this compelling property."
The technical information in this news release has been reviewed and approved by Peter Dimmell, P.Geo., (NL, ON, QC), a "Qualified Person" as defined in National Instrument 43-101.
About Decouverte
The Decouverte property is in the Frotet-Evans greenstone belt 60 km southwest of the former Troilus Cu-Au mine which produced in excess of 2 million ounces of gold and 50,000 tonnes copper from 1997 to 2010. The property has an area of approximately 5,800 hectares and covers a synclinal fold nose of Archean units transected by a major NE trending shear zone. Durango carried out a helicopter borne DIGHEM EM/magnetic airborne geophysical survey on the property in 2011 (NR Nov 24, 2011) and soil geochemistry and prospecting in 2013 targeting areas identified in the airborne survey. The geological setting is mainly mafic volcanics (basalts/andesites), in places strongly sheared, cut by granitic units with significant sedimentary, possible sulphide facies, iron formation units noted. Strong alteration including silica, sericite and iron carbonate is noted especially in the sedimentary units. Significant soil values included 174 ppb Au, 0.66 ppm Ag, 150 ppm Ni, 200 ppm Cu and 240 ppm Ba. Chip/channel rock samples gave values of 7.6 g/t Au and 6.24 g/t Au hosted in narrow quartz veins mafic volcanics, in the recently discovered contact area. The property is located 100 km north of Chibougamau, Quebec and benefits from favorable infrastructure including road accessibility, being 10 km from Route du Nord, and a power line which bisects the property.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Decouverte and Trove gold properties in the Abitibi Region of Quebec, the McGillivray base metal property in British Columbia, the Albany Spurs graphite property in northeastern Ontario and the Buckshot graphite property near the Miller Graphite mine in Quebec.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900
Facsimile: 888.266.3983
Email: durangoresourcesinc@gmail.com
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs 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, as it relates 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.
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