Durango Resources Inc. Engages Drill Company
Vancouver, July 4, 2018 - Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB-ATOXF), (the "Company" or "Durango") is pleased to report that it has engaged Chibougamau Diamond Drilling to drill the Company's wholly owned Decouverte Gold Property located 120km north of Chibougamau, Quebec. Chibougamau Diamond Drilling is very experienced with drilling in the area, having worked at the nearby Troilus Mine which previously produced 2 million ounces of gold, and contains another 2 million ounces of indicated & inferred gold resources according to the Mineral Resource Estimate reported in November 2017.
Durango's President Marcy Kiesman stated, "We look forward to working with Chibougamau Diamond Drilling as they are experienced and familiar with both the area and geology. Chibougamau Diamond Drilling is working with J. Macleod Exploration from Mistassini which supplies work forces to its contracts. Durango is well positioned for discovery in the Eeyou Istchee James Bay Territory and we are excited to get the drills turning on our grassroots Decouverte Gold Property."
Decouverte is a shear-zone hosted orogenic gold quartz vein project located along the Frotet-Troilus greenstone belt north of Chibougamau. The project area is 60km2, 100%-held by Durango, and has never been drilled before. Drilling is scheduled to commence in early July and the program is for 2,400 meters of diamond core drilling to test the Main Zone Nord, Main Zone Central and Shear Zone 1 at Decouverte. See news release dated January 16, 2018 for details on the proposed drill program.
The Company would also like to announce the issuance of 300,000 consultant and director options exercisable at $0.10 for a period of 3 years. The options are issued in accordance with provisions of the Company's stock option plan and the policies of the TSX Venture Exchange.
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 Windfall 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 Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, the Dianna Lake silver project in northern Saskatchewan, and the Mayner's Fortune limestone property in northwest British Columbia.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
George Aizpurua, VP of Communications
First Canadian Capital Corp.
Telephone: 416.742.5600 or 647.500.2389
Email: gaizpurua@firstcanadiancapital.com
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
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 and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, commencement and completion of exploration, raising additional capital for exploration expenditures, 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 its 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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