(TheNewswire)
Vancouver, BC - TheNewswire -November 22, 2022 – Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1)(OTC:ATOXF), (the “ Company ” or“ Durango ”) announces that further to the news release of November8, 2022, it has reviewed the mineral occurrence data from BC MineralTitles Online for its staking near American Eagle Gold Corp.’s NAKcopper discovery located in the Babine copper-gold porphyry districtof west-central British Columbia. American Eagle recently announced a125-meter discovery from surface of 1.02% copper equivalent on its NAKproperty maiden drill hole.
The NAK property reports older lithological units beingintruded by an Eocene-aged diorite stock which is cut by a youngerseries of north trending biotite-feldspar porphyry rhyodaciticintrusives. According to the American Eagle Gold Corp. website ( American Eagle to Acquire the NAKCopper-Gold Porphyry Project in British Columbia | American EagleGold ) the copper g oldmineralization seems to be associated with biotite-feldspar porphyryand rhyodacitic dykes and can occur along the margins of the dykeswhich also support the historical reports of the Durango claimmineralogy.*
After preliminary review of the BC Mineral Title Online(“MTO”) data, it appears that Durango’s newly staked ground isin the same geological land package as the NAK discovery, located inthe Stikine Island Arc Terrane and underlain by a northwest trendingJurassic aged rock package. MTO reports on the Durango propertiesdescribe granodiorite stocks intruded by highly magnetic feldsparporphyry dikes of an Eocene-aged Plutonic Suite.
Durango has also acquired two additional land packagesnear the NAK copper discovery located in the Babine copper-goldporphyry district of west-central British Columbia. One land packageis just over 2,000 hectares and borders Durango’s newly staked landpackage and American Eagle Gold Corp’s (TSXV-AE) NAK property. Thesecond land package is approximately 500 hectares in size and islocated east of the NAK discovery and covers a BC Mineral Title Onlineoccurrence.
Durango now holds 3,500 hectares in the area and iscontinuing to review the historical reports in conjunction with thereported geology from others working in the area. The Company is inthe process of creating a location map of the new claims and obtainingadditional geological information which it will release as soon as itis available.
Marcy Kiesman of Durango stated, “While researchingthe area and the historical reports we discovered that there arereported copper occurrences over a large area and determined thatacquiring additional claims is a strategic maneuver due to copperbeing a critical metal on both the Canadian and the American criticalmineral list.”
The Company has agreed to pay $10,000 and issue1,500,000 common shares to arm’s length vendors subject to TSXVapproval for one hundred percent ownership of the claims.
*The historical reports have not been verified by theCompany and therefore should not be relied upon. The technical contents of this press release were approved byMelanie Mackay, P.Geo., professional geologist, an independentqualified person as defined by National Instrument 43-101.
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 applicable securities laws, which may include, withoutlimitation, statements that address the upcoming work programs, andother statements relating to the business, financial and technicalprospects of the Company. All statements in this news release, otherthan statements of historical facts, that address events ordevelopments that the Company expects to occur, are forward-lookingstatements. Although the Company believes the expectations expressedin such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performanceand actual results may differ materially from those in theforward-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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