Vancouver, BC / TheNewswire / June 20, 2017 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTC-ATOXF), (the “Company” or “Durango”) announces that it has been offered to purchase certain prospective rare earth projects consisting of cerium, hafnium, lanthanum, scandium, yttrium and zirconium.
On June 17th, 2017, Fox News published an article titled “Trump Energy Dept. Seeks to Mine Elements Monopolized By China” http://insider.foxnews.com/2017/06/17/donald-trump-coal-mining-rare-earth-elements-comes-china-appalachia. The article states how rare earth elements are “crucial for production of electronics, military equipment and some medications” and how the “Energy Department says it will invest nearly $7 million into researching ways to mine and produce these elements”.
Additionally, on June 18th, 2017, The Wall Street Journal published an article called “Commerce Secretary Wilbur Ross Talks Trade” https://www.wsj.com/articles/commerce-secretary-wilbur-ross-talks-trade-1497838380 which stated, “China is a very big supplier of rare earths, which are quite essential to many electronic products. They drove everybody in this country out of business by dumping, dumping, dumping, dumping. And guess what happened once they did? Prices suddenly went way up.”
Marcy Kiesman stated, “To remain relevant and positioned for discovery, management has forwarded the prospective properties to Durango’s Board of Directors and geological team for review and will provide an update as soon as it becomes available.”
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 Québec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Québec, 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 the purchase and exploration of its properties 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.