(TheNewswire)
Vancouver, BC / TheNewswire / February 27, 2018 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTC Grey-ATOXF), (the “Company” or “Durango”) reports that the renewal for the Trove property in the Windfall Lake area of Quebec is now being processed with the Ministry of Energy & Natural Resources.
The Trove property is currently under an option agreement with BonTerra Resources Inc. (TSX.V-BTR) as announced on March 30, 2017 via www.sedar.com.
Marcy Kiesman, President and CEO of Durango stated, “We are pleased to have last year’s exploration work completed on the Trove property under the direction of renowned geologist Dale McGinn of BonTerra Resources. To date, Mr. McGinn has spearheaded gold exploration in the Windfall Lake area with great success, so we look forward to the next steps on the Trove property.”
Additional exploration work is anticipated on the Trove claims during 2018, and further information will be released as it becomes available.
The Company announces the cancellation of 150,000 consultant options exercisable at an average price of $0.10. Durango also has granted options exercisable for 1,050,000 common shares for a period of two years at an exercise price of $0.10 per share (the “New Options”). The New Options were granted to consultants and directors of the Company and are subject to the terms and conditions of Durango’s stock option plan.
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 Mayner’s Fortune limestone property and the Golden Triangle properties in northwest British Columbia, the Découverte and Trove & Windfall gold properties in Quebec, lithium properties near the Whabouchi Mine, the Buckshot graphite property near the Miller Mine in Québec, the Dianna Lake silver project in northern Saskatchewan and the Whitney Northwest gold property near Timmins, Ontario.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com or contact:
Marcy Kiesman, Chief Executive Officer
Telephone: 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, including commencement and completion of future exploration and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, 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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