Vancouver, BC / TheNewswire / December 6, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news of December 1st, 2016, Durango’s geological team has completed a limited mapping and sampling survey at its 100%-owned Mayner’s Fortune limestone project located in British Columbia.
The 320-hectare Mayner’s Fortune property is located 7.5km southwest of Terrace, B.C. and hosts five historically mapped sub-parallel limestone units. Mapping of the eastern portion of the claim block during this most recent survey confirmed the presence of broad limestone beds on the property.
Limestone Unit #5 was chosen to be the focus of the mapping survey, based on its historically reported thickness and quality as well as accessibility, considering limitations introduced by recent snowfall in the area. The limestone unit was mapped for an extent of 650 metres along strike and up to 140 metres apparent thickness along surface near the centre of the claim. The unit strikes approximately north-south and dips to the east at 55-60 degrees. Porphyry intrusions and narrow mafic dikes were found to cross-cut the unit in a few locations and are estimated to comprise approximately 10-15% of the total strike-length mapped. The unit remains open towards both the north and south, and average/maximum thickness has yet to be confirmed.
The results from this survey compare well with historical mapping which estimated the limestone units to measure at least 1,600 metres along strike, while remaining open at both ends (spanning the entire length of the claim block), and up to 180 metres apparent thickness at the southern end of the claim block.
26 outcrop samples were taken from the limestone unit and are being submitted to Bureau Veritas located in Vancouver, British Columbia for analysis. Results from the analyses will be reported as they become available.
Updated maps will be available shortly on the Durango Resources website at the following link:
In addition, Marcy Kiesman, CEO of Durango, met with representatives of Kitselas and Kitsumkalum First Nations community in effort to maintain open communication and dialogue and to form potential partnerships. Discussions will remain ongoing as the property development progresses.
The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101. The property has not yet been the subject of a National Instrument 43-101 report.
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 Découverte 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 Québec, 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.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of future exploration, final approval from governmental entities on the LNG project, Petronas determining whether to proceed with the LNG project and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, 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.