(TheNewswire)
Vancouver, BC / TheNewswire / July 10, 2018 - Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB-ATOXF), (the "Company" or "Durango") is pleased to report that further to the news release of July 9, 2018, the Company has appointed Ms. Danae Voormeij, P.Geo as Chief Geologist for Durango’s drill program at its Découverte Gold Property located 120km north of Chibougamau, Québec.
“I’m extremely excited to be part of the team to put the first holes into Découverte,” says Ms. Voormeij. “Découverte is a grassroots gold project that has all the classic signs of a major gold deposit. Located along a major shear zone, where it takes a sharp bend, the project is hosted within a fold nose of metavolcanic and metasedimentary rocks that has been transected by northwest and northeast trending structures. Of interest is the discovery of polymict conglomerates exposed along the Main Zone, which look like Timiskaming-style, fault-bounded rocks, and indicate the presence of a major structure. Strong conductors and magnetic lows with coincident geochemical soil anomalies identify six major targets on the property.”
Durango’s CEO, Marcy Kiesman, states: “We are delighted to have Danae on board as Chief Geologist to oversee our maiden drill campaign at Découverte. She has a proven track record of gold discovery and we are confident in the geological model she has proposed for our wholly owned Découverte property.”
Additional information on Ms. Voormeij and a general overview of the Découverte project can be read here: https://equity.guru/2018/07/04/good-people-go-gold-hunting-drills-turn-durango-dgo-v/
Découverte is an orogenic gold quartz vein project located along the main shear trend of the Frotet-Troilus greenstone belt, north of Chibougamau in the emerging gold district of James Bay. The project area is 60km2, is 100%-held by Durango, and has never been drilled before. Durango has been preparing for this drill program for several years, having completed a Fugro DIGHEM heli-borne survey, soil & rock sampling, and ground geophysical magnetic & AMT surveys. Based on positive results, a geological model was created that includes a gold-mineralized trend for the Main Zone that has a 1.6 km strike length.
Drilling remains scheduled to commence this week for the 2,400-meter program of diamond core drilling to test the Main Zone Nord, Main Zone Central and Shear Zone 1 at Découverte. See news release dated January 16, 2018 for details on the proposed drill program.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Découverte and Windfall gold properties in the Abitibi Region of Québec, and certain lithium properties near the Whabouchi mine, 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, the Dianna Lake silver project in northern Saskatchewan, and the Mayner’s Fortune limestone property in northwest British Columbia.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
George Aizpurua, VP of Communications
First Canadian Capital Corp.
Telephone: 416.742.5600 or 647.500.2389
Email: gaizpurua@firstcanadiancapital.com
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Email: durangoresourcesinc@gmail.com
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, forest fires and other extreme weather events, commencement and completion of exploration, raising additional capital for exploration expenditures, 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 its 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.
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