Durango Granted Drill Permit Extension at Windfall, Quebec
Vancouver, BC / TheNewswire / April 22, 2020 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB -ATOXF), (the “Company” or “Durango”) has received an extension on its drill permit from the the Ministry of Forests, Wildlife and Parks on its Trove Property at Windfall Lake, Québec.
Currently all exploration activities near Durango’s Windfall Lake Québec properties remain closed, making them inaccessible. The AEMQ (Association de l’exploration Miniere du Quebec) recently stated that although “exploration is not allowed at the moment, we are discussing with the MERN mine sector (and also the public health) in order to decide on a return date and the sectors in which it can be carried out.” Before the closure commenced, Durango applied to the Ministry of Forests, Wildlife and Parks to obtain an extension on the drill permit for its Trove Property. Durango has been granted a drill permit extension for the Trove Property until March 31, 2021.
Durango’s 1,188 hectare Trove Property is located in the Windfall Lake area and surrounded by Osisko Mining Inc. (TSX-OSK) who has recently disseminated very encouraging results from their drill programs. The Trove Property is drill-ready and has 15 high priority planned drill holes to complete once the area opens up to exploration. The Province of Quebec recently deemed mining production as essential service in light of the COVID-19 pandemic but the region has not yet permitted explorers to initiate exploration programs.
Marcy Kiesman, CEO of Durango stated, “We are pleased that we have been granted an extension for the drill permit for our Trove Property which will enable us to begin our exploration in the Windfall area of Québec as soon as the area opens up and we have secured funding for our drill program.”
Further details on Durango’s planned financing for exploration activities on the Trove Property will be released as they become available.
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, 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.
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