DGO:CC - Durango Completes Discovery Visit
(TheNewswire)
Vancouver, BC / TheNewswire / June26, 2024 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB-ATOXF), (the “ Company ” or“ Durango ”) has completed a site visit to its wholly owned DiscoveryProperty in the James Bay region of Québec .
Durango sent a small exploration team to the DiscoveryProperty to assess the road access and damage caused by the 2023 fireswhich plagued northern Québec. The fires burned through trees, brushand mossy overburden which enhanced the exposure of outcropping rockson certain areas of the Discovery Property.
Additional pegmatite dykes were noted and mapped on theDiscovery property. A grab sample was taken from each of the dykes tobe assessed analytically by AGAT Laboratories for the potential ofbearing lithium, cesium, tantalum (“LCT”). Due to the fires andthe increased visibility of rocks multiple pegmatite dykes were newlyexposed and visible on the Discovery Property. Figure 1 shows thepegmatite dyke outcrops in red.
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Figure 1. Pegmatite dyke outcrops on a portion of the DiscoveryProject.
One of the dykes located in the south, contains largerquantities of muscovite mica, a hydrous sheet silicate, thereforevolatile and incompatible element enrichment of the pegmatitic melt ishypothesized to have been retained to a greater extent in thesepegmatites. Due to these reasons, it is more likely that thesepegmatites could host rare mineral occurrences at depth thereforedrilling is recommended. Graphic intergrowths are a common featurefound in the wall zones of pegmatites; therefore larger, more evolvedzones in the pegmatites could be found at depth. The pegmatites of theproperty occur in multiple orientations, but several large outcropsare found in a NE/SW orientation and NW/SE orientation.
Melanie Mackay, PGeo (OGQ (Ordre Des Geologues du Québec ) specialauthorization 10317, EGBC (Engineers and Geoscientists BritishColumbia) 35256, APEGA (Association of Professional Engineers andGeoscientists of Alberta) 305012), is a director and qualified personfor Durango and approves the technical content of this newsrelease.
About Discovery
The Discovery Property is locatedon strike to the southwest of the past producing Troilus gold mine andneighbours Troilus Gold Corp. (TSX-TLG). The Discovery Property isover 6,500ha in size and covers an important geological northeast tosouthwest regional structure. The Discovery Property has great roadaccess and is accessible year-round via the Route du Nord.
About Durango
Durango is a natural resources company engaged in theacquisition and exploration of mineral properties. The Company ispositioned for discovery with a 100% interest in a strategicallylocated group of properties in the Troilus gold camp and in theWindfall Lake gold camp in the Abitibi region of Québec ,Canada.
For further information on Durango, please refer to itsSEDAR profile at www.sedar.com .
Marcy Kiesman, CEO
Telephone: 604.428.2900 or 604.339.2243
Email: durangoresourcesinc@gmail.com
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This news release contains “forward?lookinginformation or statements” within the meaning of applicablesecurities laws, which may include, without limitation, statementsthat address the upcoming work programs, and other statements relatingto the business, financial and technical prospects of the Company. Allstatements in this news release, other than statements of historicalfacts, that address events or developments that the Company expects tooccur, are forward-looking statements. Although the Company believesthe expectations expressed in such forward-looking statements arebased on reasonable assumptions, such statements are not guarantees offuture performance and actual results may differ materially from thosein the forward-looking statements.
Such forward-looking information reflects theCompany’s views with respect to future events and is subject torisks, uncertainties and assumptions, including those filed under theCompany’s profile on SEDAR at www.sedar.com . Factors that couldcause actual results to differ materially from those in forwardlooking statements include, but are not limited to, continuedavailability of capital and financing and general economic, market orbusiness conditions. The Company does not undertake to updateforward?looking statements or forward?looking information, exceptas required by law.
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
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