Durango Update on Athabasca Uranium Property Adjacent to Nexgen
15.01.2015 | The Newswire
Vancouver, BC / TNW-ACCESSWIRE / January 15, 2015 / Durango Resources Inc. (the "Company" or "Durango") reports historical results for lake sediment samples taken by the Geological Survey of Canada (GSC) on the newly acquired Robert Creek Property (the "Property") in north western Saskatchewan. On November 13, 2014 Durango reported that it had acquired a 100% interest in a property in the emerging, southwest portion, of the Athabasca Basin in Saskatchewan adjacent to NexGen Energy Ltd. (TSX.V-NXE). The Athabasca Basin is proving to the world to be a premier uranium district with average grades that are ten times greater than elsewhere in the world, highly skilled labour and infrastructure in place for milling and transport.
The Robert Creek Property of 1,222 hectares is located near the Alberta / Saskatchewan border directly north of NexGen Energy. Historical GSC lake sediment values of 1.6 ppm, 1.2 ppm and 0.8 ppm uranium were reported with two samples only one kilometre apart. To put these values in perspective, the lake sediment value in the Patterson Lake area, where Fission Uranium Corp. (TSX-FCU) is developing a major uranium deposit, was 3.5 ppm uranium as reported in the news release on April 12, 2010. Fission Uranium Corp. announced on www.sedar.com on January 9, 2015 its initial 43-101 resource estimate for the Patterson Lake South Property of 79.6 million pounds indicated uranium at 1.58% and 25.9 million pounds inferred uranium at 1.3%.
Below are the GSC lake sediment values of uranium, thorium and other common uranium indicator elements for the Athabasca basin area on the Robert Creek Property, reported in parts per million (ppm).
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| |DGO GSC 1|DGO GSC 2|DGO GSC 3|
|----------------------------------------|
|Uranium |1.6 |1.2 |0.8 |
|----------------------------------------|
|Thorium |3.9 |3.8 |2.4 |
|----------------------------------------|
|Arsenic |3.2 |2.6 |1.9 |
|----------------------------------------|
|Cerium |42 |41 |18 |
|----------------------------------------|
|Cobalt |4 |2 |5 |
|----------------------------------------|
|Molybdenum|2 |2 |2 |
|----------------------------------------|
|Zinc |30 |34 |92 |
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Marcy Kiesman, CEO, states, "We are continuing to evaluate all available information on the Robert Creek Property in efforts to create a detailed exploration plan. Given that the property is located in the Athabasca Basin, the highest-grade uranium district in the world, and in the province of Saskatchewan, one of the world's best mining jurisdictions, the Robert Creek property is worth exploring when conditions permit in the spring of 2015."
The technical information in this news release has been reviewed and approved by Peter Dimmell, P.Geo., (NL, ON, SK), 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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