(TheNewswire)
Vancouver, BC - TheNewswire - April12, 2022 - Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1)(OTC:ATOXF), (the “ Company ” or“ Durango ”) announces that further to the news of March 17, 2022,the Company has completed a site visit to its wholly owned NMX EastProperty and Discovery Property in Québec .
The Company’s NMX East lithium property neighboursNemaska Lithium’s Whabouchi Deposit located approximately 33km eastof the town of Nemaska in northern Québec . Durango’s NMX East propertyadjoins Nemaska Lithium’s eastern property perimeter, and theDurango claim border is less than 1.5km away from the Whabouchi miningpit which is cited to be the world’s second richest spodumenedeposit hosting over 27Mt of proven and probable reserves.
Durango completed a limited reconnaissance program onthe NMX East property in late March in preparation for drill testingthe lithium bearing pegmatite occurrences below the surface which isplanned to take place in the summer of 2022. The small crew wascommissioned with determining access and obtaining surface samples asthe weather permitted. Despite the deep snow cover, the crew was ableto complete an exploratory backpack drill hole of approximately onemeter of the surface pegmatite which has been sent for analysis toLoring Laboratories in Calgary, Alberta.
Marcy Kiesman, CEO stated, “Durango is pleased thatour exploration crew was able to obtain rock samples from both the NMXEast Property and the Discovery Property which will enable us to catcha glimpse of what is transpiring in the rocks below surface which iskey for follow up exploration. We wanted to test fresh rock on the NMXEast project to get an idea of the lithium-cesium-tantalum (“LCT”)potential of the untested outcrops at surface. The Discovery Propertyrecently returned significant gold grades at surface in our channelsampling, so we are excited to test the rocks immediately belowsurface.”
Durango’s exploration crew was able to complete abrief site visit to the Discovery Property on the way back fromvisiting the NMX East project. Durango’s exploration crew was ableto complete a 2.8m backpack drill hole near the area where the recentchannel sampling returned grades of 9.25 g/t gold over one meter (seenews release January 17, 2022). The samples have been sent for assayfor analysis and additional information will be reported as it becomesavailable.
The technical contents of this press release wereapproved by Jean Bernard, B.Sc. Geo., is a Qualified Person as definedby National Instrument 43-101 who has reviewed and approved thetechnical information presented in this release.
About NMX East
The NMX East Property is located adjacent to theNemaska Lithium’s Whabouchi deposit which hosts the largestspodumene deposit in North America. The NMX East Property is less than1.5km away from the pit of the Whabouchi deposit and has lithium,tantalum and cesium bearing pegmatites identified at surface. TheNMX East Property has great road access and is accessible year-roundvia the Route du Nord.
About Discovery
The Discovery Property is located on strike to thesouthwest of the past-producing Troilus gold mine and neighboursTroilus Gold Corp. (TSX-TLG). The Discovery Property is over 6,500hain size and covers an important geological northeast to southwestregional structure. The Discovery Property has excellent road accessand 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 Windfall Lake gold camp in theAbitibi 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 differmaterially from those in 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 could causeactual results to differ materially from those in forward lookingstatements include, but are not limited to, continued availability ofcapital and financing and general economic, market or businessconditions. The Company does not undertake to update forward?lookingstatements or forward?looking information, except as required bylaw.
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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