Durango Purchases Limestone Near Terrace, BC for a Piece of the $40 Billion LNG Business
Vancouver, BC / TheNewswire / July 30, 2015 - Durango Resources Inc. (the "Company" or "Durango") is pleased to announce that it has entered into an agreement with two arm's length vendors to purchase 100% of the Mayner's Fortune limestone property near Terrace, B.C for 1,400,000 shares, subject to TSX Venture Exchange approval. The Mayner's Fortune limestone property is located in the Skeena Mining Division approximately 7.5 kilometres south west of Terrace, BC and 4 kilometres west of Lakelse Lake on Lakelse River.
Marcy Kiesman, CEO, states, "Our Company is confident that the opportunities for local businesses in the Kitimat area will become significant over the next few years. Mayner's Fortune is strategically located less than 50km away from the proposed Kitimat, BC LNG (liquefied natural gas) site and our limestone occurrence is located on the Canadian National Railway line that runs between Terrace and Kitimat." Mrs. Kiesman possesses the experience necessary to carry the project forward, with 7 years working as a CFO and consultant for British Columbia mining companies specializing in industrial minerals.
In June 2015 the Shell Consortium LNG project partners received full Environmental Approvals for the $40 billion LNG project in Kitimat. Public information on the LNG Canada consortium can be viewed at www.lngcanada.ca. The full news stories can be viewed online when searching "BC LNG news" in Google search.
An information session on the Mayner's Fortune limestone project will be hosted by Durango's management and technical teams in the upcoming weeks. Investors wishing to attend may visit www.durangolng.com to register and also sign up for breaking news on the limestone project.
The technical contents of this release were approved by Mr. Case Lewis, P.Geo., and a Qualified Person as defined by National Instrument 43-101.
An update on the research project with INRS (Institut national de la recherche scientifique) of Quebec under their new grant program for the Decouverte property in Quebec is expected soon.
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.
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, execution of a definitive agreement, raising of funds, obtaining regulatory approvals 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.
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