Durango Completes Drilling at Discovery Property, Quebec
Vancouver, BC / TheNewswire / July 6, 2022 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB -ATOXF), (the “Company” or “Durango”) announces that further to the news of June 21, 2022, the Company has completed its exploration drilling program on its wholly owned Discovery Property (the “Property”) in Québec.
The Discovery Property is in the highly prospective James Bay Territory, 100km north of Chibougamau, Québec in the Frotet-Evans greenstone belt.
Durango had planned a 1,500m exploration drill campaign and completed 1,737m in the area where recent rock, channel and backpack drill sampling at surface have returned gold anomalies. Six holes were completed ranging from depths of 150m to 402m and the core is being logged, cut, and sent for assay.
Marcy Kiesman, CEO of Durango stated, “At the time of this news release, only two of the holes have so far been logged and sampled. In these holes we were successful in intersecting quartz veining and chalcopyrite and pyrrhotite mineralization at shallow depths so now we wait for the assays. Several pegmatite dikes have been found at surface and within drillholes and are being investigated.”
Additional updates will be announced on the Discovery Property and the program as they become available.
Melanie Mackay P.Geo, is the qualified person for Durango Resources Inc. and approves the technical content in this news 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 great 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 Troilus gold camp and 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.