DGO:CC - Durango Reviewing Historic Technical Data at NMX East
(TheNewswire)
Vancouver, BC - TheNewswire - May 14,2024 – Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1) (OTCQB:ATOXF), (the “ Company ” or “ Durango ”) is reviewing historic technicalinformation in relation to its proximate location to the new copperdiscovery (Lion occurrence) of Power Nickel’s Nisk property in theJames Bay region of Québec.
Durango, like many other mineral title owners, has beenin the area of Power Nickel (TSXV-PNPN) since the Nemaska LithiumWhabouchi lithium mine exploration stage in 2014-2015. Durango’s NMXEast property is located on the east side of the Whabouchi LithiumMine and also near to Power Nickel’s Nisk property (TSXV-PNPN) whorecently announced a delineation of a new polymetallic discovery. Theclaim boundaries of Power Nickel are less than 8km from Durango’sNMX East property as can be seen on the map below. https://www.bmcms1.com/staging/durangoresourcesinc.com/_resources/news/nr-20240514-figure1.jpg?v=0.1
Durango is in the process of planning a drilling andmapping program to submit for permitting based on the informationgathered from its inaugural program which was undertaken in the fallof 2023. Several lithium bearing pegmatite dykes were encountered inaddition to a molybdenite-bearing pegmatite. Molybdenite is a softmetallic mineral that is a source for molybdenum which is used insteel alloys to increase strength. (See news release dated March1 st ,2024, for further information.)
Melanie Mackay, PGeo (OGQ (Ordre Des Geologues duQuebec) special authorization 10317, EGBC (Engineers and GeoscientistsBritish Columbia) 35256, APEGA (Association of Professional Engineersand Geoscientists of Alberta) 305012), is a director and qualifiedperson for Durango and approves the technical content of this newsrelease.
About NMX East
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 is approximately1.5km from the Whabouchi Mine pit and is located 33km east of the townof Nemaska in northern Quebec.
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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