DGO:CC - Durango Provides Update on NMX East Property
(TheNewswire)
Vancouver, BC - TheNewswire - October6, 2023 – Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1)(OTCQB:ATOXF), (the “ Company ” or“ Durango ”) provides an exploration update on its wholly owned NMXEast Property located in the Eeyou-Istchee JamesBay region of Québec.
Further to the news dated August 30, 2023, Durango ispleased to announce that it has secured a drill and helicopter for anexploration program on its NMX East lithium property located directlyadjacent to the Whabouchi lithium deposit.
The NMX East property borders the eastern perimeter ofNemaska Lithium’s Whabouchi deposit which is one of the richestspodumene deposits in the world based on its volume and grade. NemaskaLithium reports over 36M tonnes of spodumene is expected to beproduced at the Whabouchi deposit over a period of 33 years ( www.nemaskalithium.com ). Durango’s NMX East property claim border isapproximately 1.5km from the Whabouchi Mine pit and is located 33kmeast of the town of Nemaska in northern Québec.
Marcy Kiesman, CEO of Durango stated, “We are excitedto conduct our inaugural drill campaign on our NMX East Property insearch of lithium after waiting through Covid closures and a summer ofexceptional forest fires. We have already ascertained in previousexploration that Durango holds lithium, cesium and tantalum pegmatitesat surface so we are keen to drill test the pegmatite outcrops atdepth.”
Additional updates will be announced as soon as theybecome available on the upcoming exploration program.
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 Windfall Lake and Troilus goldcamps 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 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.
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