(TheNewswire)
Vancouver, BC / TheNewswire / October 10, 2018 - Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB-ATOXF), (the "Company" or "Durango") announces that further to the news release of September 27, 2018 the property purchase agreement to acquire an additional 2,358 hectares in Windfall Lake, Québec (the “Property”) is complete.
The Property is in a key position of the Urban-Barry Greenstone belt of Québec and is located approximately 5.5km south of Osisko Mining Inc.’s (“Osisko Mining”) Black Dog Project, and approximately 10km south of the Barry Gold Deposit, now owned by BonTerra Resources Inc. The Property was acquired for its strategic location, being adjacent to both Durango’s East Block and Osisko Mining.
Durango is positioned for discovery in the Windfall Lake Gold Camp and upon looking closer at the historical work reports in the East Block a few reports include anomalous gold and copper rock samples near the Property boundary. Durango plans to investigate these showings further to determine if the historic mineralized trend extends onto the East Block claims. Further updates will be released as they become available.
As consideration for a 100% interest in the Property, Durango has issued 500,000 common shares to Goldrea Resources Corp., which are subject to a hold period ending February 5, 2019.
Marcy Kiesman, CEO of Durango comments: “Durango is pleased to have completed the acquisition of additional property in the compelling Windfall Lake area. We are looking forward to exploring our properties to bring value to our shareholders.”
The technical contents of this news release were approved by Mr. Yordanov, a qualified person as defined by National Instrument 43-101.
About Durango
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 situated group of properties totaling over 11,000 hectares in size in the Windfall Lake Gold Camp in the Abitibi Region of Québec.
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, commencement and completion of exploration, positive exploration results, and 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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