Durango Provides Background On Mayner's Fortune Limestone Property
Vancouver, BC / TheNewswire / August 10, 2015 - Durango Resources Inc. (the "Company" or "Durango") announces a brief historical background on its Mayner's Fortune limestone property near Terrace, B.C., Canada, initially announced by Durango on July 30, 2015.
The area of interest at Mayner's Fortune consists of a two kilometre thick metasedimentary sequence hosting six sub-parallel N to NE-striking limestone units of variable thickness. The limestone units lie within a sequence of thinly bedded quartzites, graphitic argillites, and argillaceous limestones intruded by Jurassic to Tertiary granites and granodiorites of the Coast Plutonic Complex (Haman, 1966).
Durango's primary focus is the westernmost limestone unit in the sequence, known as the Mayner's Fortune occurrence (MINFILE: 103I 113). The occurrence is 30 metres thick lying adjacent to the CNR railway line, striking 040 degrees and dipping 25 degrees southeast. The unit has been mapped along strike for 108 metres with an average height of 30 metres measured from the level of the CNR tracks, and is suspected to continue beneath this level as well (Haman, 1966). Limestone from this block was deemed to have a better quality than other, geologically similar deposits, with a sample from the block assaying 96.3 percent calcium carbonate and 1.59 percent magnesium carbonate (Haman, 1966; K.P. Bottoms, 1967).
Marcy Kiesman, CEO, states, "High quality limestone commands higher prices and we are positioning Durango to benefit from the increased demand for materials in the development of infrastructure necessary for the advancement of the LNG industry in the area. Historical reports affirm the quality and extent of the limestone at Mayner's Fortune and convenient railway access ensures efficient transport of this product to end users. We are eagerly advancing this project and updates will be provided as we progress."
About Limestone
Limestone is a crucial and versatile industrial mineral commodity. One of the most important uses of the mineral is in making Portland cement and mortar, while limestone of lower purity is crushed for use as aggregate in concrete or asphalt. Other uses include the production of quicklime (calcium oxide), slaked lime (calcium hydroxide), and use as a soil conditioner to amend acidic soils.
About the Mayner's Fortune Prospect
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. The property is located adjacent to the CNR railway line running between Terrace and Kitimat, less than 50 kilometres away from the proposed LNG (liquefied natural gas) site at Kitimat, BC.
The Shell Consortium LNG project partners received full Environmental Approvals in June, 2015, for the proposed $40 billion LNG project in Kitimat. Public information on the LNG Canada consortium can be viewed at www.lngcanada.ca.
Durango's management and technical team will host an information session on the Mayner's Fortune limestone project in the upcoming weeks once it has reviewed all the historical geological data. Investors wishing to attend may visit www.durangolng.com to register and sign up for periodic updates.
The technical content of this release was approved by Mr. Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101.
About Durango Resources Inc.
Durango is a natural resource company engaged in the acquisition and exploration of mineral properties. In addition to the Mayner's Fortune limestone project, the Company holds 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 SEDAR 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
References
Cree Lake Mining Ltd., Bottoms, K.P. "Report on the Lady Luck, Mayners Fortune, Gabe and Lucky Fortune Mineral Claim Groups." EMPR PF (1967).
Cree Lake Mining Ltd., Haman, P.J. "Geology of the Terrace Area, BC, Lady Luck and Mayners Fortune Mineral Claim Groups." EMPR PF Placer Dome (1966).
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.
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