Durango Resources Inc. Working to Secure Key Partnerships
27.02.2015 | The Newswire
Vancouver, BC / TheNewswire / February 27, 2015 - Durango Resources Inc. (the "Company" or "Durango") reports that the Company has been quietly and diligently working to secure key exploration partnerships which it hopes to announce in detail in the upcoming weeks.On March 5, 2014 (www.sedar.com) Durango announced a streamlining of its properties and on May 6, 2014 (www.sedar.com) the focus on its Decouverte (Discovery) property in northern Quebec which neighbours Virginia Mines Inc. Assinica Property (TSX.V-VGQ), and is located approximately 10km southwest of Beaufield Resources Inc. Troilus-Tortigny Property (TSX.V-BFD) and 60 km to the southwest of the former producing Troilus mine in the Frotet-Evans greenstone belt in northern Quebec.
Exploration to date has allowed the Company to meet many of its key exploration milestones on the Decouverte project. The first milestone was the Dighem electromagnetic / magnetic survey which defined targets indicative of massive sulphides (electromagnetic anomalies) and iron formations (magnetic anomalies). Follow up ground surveys and data compilation have defined a major fold with cross cutting structures, an excellent target in greenstone belts. The second milestone was proving that gold existed on the property by locating rock samples grading 7.6 and 6.24 g/t gold (NR July 23, 2014), a till sample giving a calculated value of 1,020 ppb gold and soil sample values up to 174 ppb gold (NR's Nov.7, 2014 and May 6, 2014 respectively) via www.sedar.com. All technical information has previously been reviewed and approved by Peter Dimmell, P.Geo., a "Qualified Person" as defined in National Instrument 43-101.
Marcy Kiesman, CEO, states, "We are continuing to evaluate all information on Durango's properties and the surrounding areas and have set further milestones for the next six to eighteen months which will be announced as they progress. This past year has been tough on venture listed companies; however Durango has managed to conduct 2 successful work programs in northern Quebec on a meagre budget of approximately $140,000 while maintaining the corporate structure which proves our determination to succeed."
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 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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