Durango Resources Assesses Mayner's Fortune Limestone Property In BC
Vancouver, November 2, 2017 - Durango Resources Inc. (TSX.V-DGO), (the "Company" or "Durango") recently completed a site visit to its wholly owned Mayner's Fortune Limestone project in northern British Columbia to prepare for an expected drill campaign. The property is located approximately 7.5km southwest of Terrace, BC along the Canadian National Railway route between Terrace and Kitimat and hosts six historically mapped sub parallel limestone units. The crew visited limestone units #1, 4, 5 and 6 during its recent visit to the 375-hectare property. The purpose of the visit was to take structural measurements and evaluate targets for a potential drill program.
Durango has now received a preliminary report which includes a recommended drill program for limestone unit #5 based on the lithological defined contacts between the limestone, the intrusive units and dikes to prove up limestone tonnage and consistency. A program of approximately 1,100 meters has been recommended for the #5 limestone unit.
Historical reports state limestone unit #5 is expected to host the lowest purity of calcium carbonate due to the nearby dikes and intrusive units, however recent visits show that 62% of the samples taken are composed by high purity limestone superior to 96.3%. Unit #5 measures 1.6km long and Durango is interested in determining the calcium carbonate levels at depth to gain an understanding of the potential size of unit #5. Once the drilling is completed a tonnage can be estimated for unit #5 and then Durango plans to drill limestone units #1 and #3 which are known to be high quality and a generous size.
Historical reports of the Mayner's occurrence (unit #1 in the series of limestone beds), stated the size measurements at surface of "108m x 30m" and while visiting the property recently the Durango geological team assessed and measured two separate sections observed along the railway being:
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- Section 1 - 120m long and 12-17m thick striking 325/45 with gabbro at the base; and
- Section 2 - 192m long and 20-25m thick striking 324/47 with gabbro at the base.
Historical "inferred reserves for the 10 mile zone measured 454,000 tonnes grading 96.3% limestone" * which seems probable based on the observations from the recent site visit. Representative samples taken from outcrop sections of the Mayner's Fortune occurrence from the recent visit assayed calcium carbonate levels at 97.6%.
The technical contents of this release were approved by George Yordanov, P.Geo, an independent qualified person as defined by National Instrument 43-101. The property has not yet been the subject of a National Instrument 43-101 report.
*Property File - K.P. Bottoms, 1967, page 10.
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 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 mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, and the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.
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 the development, commencement and completion of 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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