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home / news releases / DGO:CC - Durango Intersects 93m of Pegmatite at NMX East Lithium Property


DGO:CC - Durango Intersects 93m of Pegmatite at NMX East Lithium Property

(TheNewswire)

Vancouver, BC - TheNewswire -November 15, 2023 - DurangoResources Inc. (TSX.V:DGO)(Frankfurt:86A1) (OTC:ATOXF), (the“ Company ” or “ Durango ”) is pleased to announce thatfurther to the news of October 23, 2023, the planned 800m inauguraldrill program on the NMX East lithium property is complete.

The drilling was completed on one of the dykes on itswholly owned NMX East Property located in theEeyou-Istchee James Bay region of Québec adjacent to the Whabouchi lithium deposit. The program wasdesigned to test for LCT pegmatites and was concentrated to a smallarea to test the extent of pegmatite below surface in one suspecteddyke to try to determine the size and composition below surface. Four drill holes were conducted on the initialtest dyke totaling 810m of drilling and pegmatite was encountered ineach of the holes.

Hole 1 was drilled to 207m drill depth and intersectedpegmatite at drill depths of 34m-34.5m, and again at 84m-94m,98m-117.5m, 139m-139.5m, and 143m-144m.

Hole 2 was drilled to a depth of 300m and intersectedpegmatite at a depth of 216m-217m, and 227m-235m, 261m-283.5m,293m-296.5m returned intermittent pegmatite with country rock.

A 1cm sized pale-green crystal ofberyl, Be 3 Al 2 (Si 6 O 18 ), at a depth of 231m downhole from Hole#2 can be seen in the photo below. Beryl is a gemstone with severalindustrial applications and is a commercial source of beryllium. https://www.durangoresourcesinc.com/_resources/news/nr-20231115-fig1.jpg


Click Image To View Full Size

Hole 3 encountered pegmatite beginning at 10m downholeand continued through to a downhole drill depth of 103m totaling 93m(305 feet) of consecutive pegmatite. At 106.5m to 150.5m (in the samehole) the pegmatite returned and was interbedded with country rock fora consecutive 44m (144 feet). The hole finished at a drill depth of201m.

Hole 4 intersected pegmatite at downhole depth of 7mfrom surface and continued to 26.5m for a consecutive 19.5m (~64feet). The hole was stopped at 102m which marked the completion of theplanned drill test program on the selected portion of one of the dykesrunning parallel to the Whabouchi deposit.

Marcy Kiesman, CEO of Durango stated, “We arethrilled to have met our objectives of proving pegmatite exists on theproperty, and that it continues below surface with significant size.Given our proximity to the Whabouchi deposit andour previous grab sampling at surface assaying 320ppm lithium, we lookforward to the results of our newly discovered 305 feet near surfaceintersection.”

Durango would like to thank Chibougamau DiamondDrilling and Innukopteres for providing us with a quick andprofessional drill program which allowed our exploration crew on siteto conduct further geological mapping of the NMX East while drillingwas underway.

Additional updates will be announced as soon as theybecome available on the exploration program. The drill core has beenlogged and processed and 242 drill core samples are enroute toActivation Laboratories Ltd. in Ancaster, Ontario to undergo assayanalysis 8REE + 8 peroxide ICP-Li.

Melanie Mackay P.Geo is the Qualified Person forDurango and approves the technical content of this newsrelease.

About Durango

Durango is a natural resources company engaged in theacquisition and exploration of mineral properties. The Company is alsopositioned for discovery with a 100% interest in a strategicallylocated group of properties in the Windfall Lake and Troilus goldcamps in the Abitibi region of Québec ,Canada.

For further information on Durango, please refer to itsSEDAR profile at www.sedarplus.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 statements and information are based on numerousassumptions regarding present and future business strategies and theenvironment in which the Company will operate in the future, includingthe price of minerals, the ability to achieve its goals, the COVID-19pandemic, that general business and economic conditions will notchange in a material adverse manner, that financing will be availableif and when needed and on reasonable terms. Such forward-lookinginformation reflects the Company’s views with respect to futureevents and is subject to risks, uncertainties and assumptions,including those filed under the Company’s profile on SEDARat 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.

Copyright (c) 2023 TheNewswire - All rights reserved.

Stock Information

Company Name: Durango Resources Inc.
Stock Symbol: DGO:CC
Market: TSXVC
Website: durangoresourcesinc.com

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