Durango Acquires Athabasca Uranium Property Adjacent to Nexgen
13.11.2014 | The Newswire
Vancouver, BC / TNW-ACCESSWIRE / November 13, 2014 / Durango Resources Inc. (the "Company" or "Durango") reports that it has acquired a 100% interest in a land position (the "Property") in the emerging southwest portion of the Athabasca Basin in Saskatchewan adjacent to NexGen Energy Ltd. (TSX.V-NXE).The Property was staked by Marcy Kiesman, the President of Durango in 2013. The property has been transferred to Durango at nil cost and the Company now owns it 100% with no royalty burden. Further details on the Property and the exploration plans for it will be released by the Company in the near future.
Marcy Kiesman, CEO, states, "The Athabasca Basin is the highest-grade uranium district in the world and the province of Saskatchewan is one of the world's best mining jurisdictions so I am pleased that we were able to acquire a property in this area. We believe that the uranium sector is on the verge of breaking out and we want our shareholders to benefit. Additionally, Durango will continue to explore its Decouverte gold / volcanic massive sulphide (VMS) property in Quebec to locate the source of the anomalous gold in till and soil values defined in the past few years. The Decouverte property covers approximately 5,900 hectares covering a 15km strike length and exploration in 2014 has narrowed the search to a more manageable area in the northern part of the 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 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.
Durango Resources Inc.
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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