Durango Resources Inc. Targets Agricultural & Marijuana Markets
10.11.2016 | The Newswire
Vancouver, November 10, 2016 - Durango Resources Inc. (TSX.V-DGO), (the "Company" or "Durango") reports that further to its news release of November 1, 2016, it is looking at potential agricultural uses for its limestone located on the northwest coast of British Columbia.The Mayner's Fortune property is located approximately 7.5km southwest of Terrace, B.C. and recent logging in the area has benefitted Durango by providing road access to the project. The construction of the logging roads exposed additional limestone at surface over a large area which was not previously mapped in historical reports. The new limestone outcrops were sampled and sent for assay as announced previously on November 1, 2016.
When recently speaking with an individual in the agricultural industry, the synergy of agricultural limestone and its use as a soil conditioner was discussed. The limestone is activated when it meets with water and dissolves into the soil which lowers the acidity and raises the pH which is essential for crop yields. The lime also adds desirable nutrients to the soils such as calcium, magnesium and phosphorus which improves soil structure, increases rates of air and water infiltration, improves plant cell wall formation and can help to regulate the nutrient uptake through the roots of the plant. Hydroponic systems are more prone to incur a calcium deficiency and require the use of limestone.
Limestone is extremely beneficial for the agricultural industry including the commercial growth marijuana industry. As such, the Company is actively investigating marketing its limestone to these mediums. Commercial marijuana operations are now North America wide, as several states in the USA voted for recreational and medicinal marijuana legislation. (https://www.theguardian.com/us-news/2016/nov/08/state-ballot-initiative-election-results-live-marijuana-death-penalty-healthcare)
Marcy Kiesman, CEO comments: "Durango's management team is pleased with its decision to diversify its holdings by acquiring alternative green projects which are versatile enough to be used for construction, agricultural use and for additional green-tech solutions. The beneficial chemical properties of agricultural lime can significantly boost the profit potential of farms and can increase fertilizer efficiency up to fifty per cent which is important for crop yield and profitability."
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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 certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.
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 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 commencement and completion of the limestone projects, obtaining final government, industry and other approvals of mining such projects, 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.