Durango Intersects Gold at Surface on its Discovery Gold Property
Vancouver, BC / TheNewswire / April 20, 2022 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB -ATOXF), (the “Company” or “Durango”) announces that further to the news of April 12, 2022, the exploratory backpack 2.85-meter drill hole on the wholly owned Discovery Property has intersected gold throughout the entire hole.
Durango completed a limited reconnaissance program on the Discovery Property in late March to backpack drill test in the area which previously returned several anomalous gold grades in channel samples at surface including 9.25 g/t over one meter (including 14.367 g/t Au over 0.5m), and 2.79 g/t (including 8.332g/t over 0.5m) over three meters(see news release of January 17, 2022). Other surface chosen samples on the property were 41.16 and 46.64 g/t. (see news release dated October 7, 2021). A 2.85-meter test hole undertaken to establish the potential for hosting gold below surface, and to understand the type of rock carrying the gold. The drill core was divided into 8 sections according to the changes in rock composition and submitted for gold assay.
Each of the assays returned anomalous gold averaging 1 g/t over 2m and 0.87 g/t Au over the entire 2.85m drilled. The highest grades (1.492 and 2.245 g/t Au) were found in samples of quartz veins although samples within the basalt also returned anomalously high results.
Marcy Kiesman, CEO stated, “Intersecting gold at the surface and within the first few meters in a random test hole is a very good indicator for the potential of the Discovery Property and bodes well for the possibility of this area. The obvious next step is to complete further backpack drilling in the area to define the scale at surface in combination with diamond drilling at depth on the Discovery Property.”
The technical contents of this press release were approved by Jean Bernard, B.Sc. Geo., is a Qualified Person as defined by National Instrument 43-101 who has reviewed and approved the technical information presented in this release.
The Discovery Property is located on strike to the southwest of the past-producing Troilus gold mine and neighbours Troilus Gold Corp. (TSX-TLG). The Discovery Property is over 6,500ha in size and covers an important geological northeast to southwest regional structure. The Discovery Property has excellent road access and is accessible year-round via the Route du Nord.
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Québec, Canada.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements that address the upcoming work programs, and other statements relating to the business, financial and technical prospects of the Company. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of minerals, the ability to achieve its goals, the COVID-19 pandemic, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
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.