Durango Applies for Additional Ground Adjacent to NMX and Will Not Proceed with PE Claims
Vancouver, BC / TheNewswire / December 15, 2015 - Durango Resources Inc. (the "Company" or "Durango") announces that management has acquired additional applications on ground adjacent to Nemaska Lithium (TSX.V-NMX). Durango currently owns 100% of 23 claim cells covering over 1,240 hectares of ground adjacent to Nemaska Lithium's proposed Whabouchi mine as posted on the map on the Durango corporate website.
Further to the news releases of November 23rd and December 9th, 2015, Durango will not be proceeding with the lithium brine claims adjacent to Pure Energy in Nevada. After discussions with several possible joint venture partners, Durango was unable to negotiate favourable terms; therefore it will not proceed with the right of first refusal on the East Fault acquisition in Nevada.
The Company will continue to explore in Quebec on the Decouverte and NMX East property due to their close proximity to each other, easy winter road access and the availability of experienced exploration crews.
Durango has applied for ground a few kilometers southeast of Canada Carbon Inc.'s (TSX.V-CCB) Miller property in southern Quebec which has the following historical reference from GM report 01579 in 1951, "...Le gisement consiste en un affleurement plat de calcaire cristallin de 200 pieds de longeur et d'une centaine de pieds de largeur..." which translates "...the deposit consists of a flat outcrop of crystalline limestone 200 feet in length and a hundred feet wide".
Additionally, Durango looks to explore its northwestern BC LNG related limestone claims in the New Year and will release additional updates as they become available.
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 Mayner's Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine in Quebec, as well as three sets of claims in the Labrador nickel corridor.
DURANGO APPLIQUE AU SOL supplementaire adjacent A NMX et ne passeront pas aux revendications PE
Vancouver, Colombie-Britannique / TheNewswire 15 / Decembre 2015 - Ressources Durango Inc. (la <<Societe>> ou <<Durango>>) annonce qu'elle a acquis la gestion des applications supplementaires sur un terrain adjacent a Nemaska Lithium (TSX.V-NMX). Durango possede actuellement 100% de 23 cellules d'une superficie de plus de 1240 hectares de terrain adjacent a la mine Whabouchi propose de Nemaska Lithium telle que publiee sur la carte sur le site Web d'entreprise de Durango.
Suite aux communiques de presse du 23 Novembre et le 9 Decembre, 2015, Durango ne donnera pas suite aux revendications de lithium de la saumure adjacentes a Pure Energy dans le Nevada. Apres des discussions avec plusieurs partenaires possibles de la coentreprise, Durango a ete incapable de negocier des conditions favorables; par consequent, il ne poursuivra pas le droit de premier refus sur l'acquisition Fault-Orient, dans le Nevada.
La Societe continuera a explorer au Quebec sur la propriete Decouverte et NMX-Orient en raison de leur proximite les uns aux autres, l'acces routier facile en hiver et de la disponibilite des equipes d'exploration experimentee.
Durango a demande sol a quelques kilometres au sud-est de la propriete (TSX.V-CCB) Miller du Canada Carbon Inc. dans le sud du Quebec qui a la reference historique suivant de GM rapport 01579 en 1951, "... Le gisement Consiste en affleurement de l'ONU plat de calcaire cristallin de 200 pieds de longeur et d'Une Centaine de pieds de largeur ... "
En outre, Durango cherche a explorer ses nord-ouest BC LNG revendications calcaires liees a la nouvelle annee et publiera des mises a jour supplementaires qu'ils deviennent disponibles.
A propos de Durango
Durango est une societe des ressources naturelles engagee dans l'acquisition et l'exploration de proprietes minieres. La Societe a un interet de 100% dans la fortune et Smith Island proprietes de calcaire de la Mayner du nord-ouest Colombie-Britannique, la decouverte et de proprietes auriferes Trove dans la region de l'Abitibi au Quebec, et la propriete de lithium NMX Est, pres de la mine Whabouchi au Quebec, ainsi que trois jeux de revendications dans le couloir de nickel du Labrador.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
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 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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