Vancouver, BC / TheNewswire / August 31, 2017 – “ Durango Resources Inc. (TSX.V-DGO) (OTC- ATOXF) (Frankfurt-86A1), (the “Company” or “Durango”) announces that further to the news releases dated August 8 and August 22, 2017, the dewatering and sampling of Pit#1 on its Dianna Lake Silver Project in northern Saskatchewan is complete.
Durango’s exploration crew has finished the follow-up program for the wholly owned Dianna Lake property which began August 18th and consisted of further investigation of the anomalies discovered in 2016. The work also included sampling historical Pit#1 which was flooded with water in 2016 and systematic sampling of historic trenches.
Durango’s team was successful in dewatering historical Pit #1 which hosted high grade silver grab samples of up to 2,458 oz/t (76,452.34 g/t) Ag in the past. The crew also completed systematic sampling of historical trenches in the area which hosted copper with historical results of to 1.6% Cu.
52 channel samples from the various zones of historic workings and 63 grab samples from the surrounding areas were taken for assay. All 115 samples have been sent to Activation Laboratories for assay.
In addition to sampling, the crew completed approximately 7 km of mag/gradient and 1 km of VLF in the immediate area of the historical workings to help compare with historical reports in the area to produce an updated geological map.
Marcy Kiesman, CEO of Durango, comments, “Based on the historic information, the highest-grade silver samples were recovered from Pit #1 so we are excited that our crew was able to successfully dewater and sample the area. We hope to be able to verify the historically documented silver results of Dianna Lake property during the August 2017 program and further details on the exploration program will be released as assay results become available and interpreted.
Figure 1: Sampling Locations Within Historical Pit Area (Highlights) Full size image at: http://www.durangoresourcesinc.com/dianna-lake-silver-saskatchewan/
The technical contents of this release were approved by George Yordanov, 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.
About Dianna Lake Silver, Saskatchewan
Durango’s Dianna Lake silver prospect covers an historical area in which, from 1968 to 1969, two-high grade, primarily native silver-bearing exploration targets of between 30,000 tonnes and 50,000 tonnes grading five to ten ounces (155 to 311 g/t) per ton silver, approximately 600 meters apart, were determined by trench grab sample assays, according to an historical evaluation report composed for Comaplex Resources in 1980(1)*.
* Potential quantities and grades are conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
- “Evaluation report of the Dianna Lake silver-copper property, CBS 3141, S-97735 and S-97736, Uranium City area, Saskatchewan, Canada, for Comaplex Resources International Ltd.,” E.G. Kennedy, P.Eng., 1980.
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 Golden Triangle Properties in northern 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
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to Durango achieving permits, engaging in future drilling or work programs, raising additional funds, exploration results on any of its properties or the 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.