(TheNewswire)
Vancouver, BC - TheNewswire - January17, 2022 – Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1)(OTC:ATOXF), (the “ Company ” or“ Durango ”) announces that further to the news release of November22, 2021, the Company has received its gold assay results for thechannel sampling program conducted in early November on its whollyowned Discovery Property in Québec .
The channel sampling program was completed as a followup program to site visit conducted in September 2021 which identifiedgold at surface of 41.16 and 46.64 g/t (see news release dated October7, 2021, for full details). Durango set out to complete additionalsurface analysis on the area of interest before the snow arrived whichincluded stripping and channel sampling near the geological contacts.A total of 50 fifty channel samples (50 cm each) were collected fromfive channels representing twenty-five linear meters in the vicinityof the previously announced gold assay results of 41.16 and 46.64 g/t. DGO-Discovery-Property-20220112.png(1082×689) (bmcms1.com) A detailed table ofNovember gold assay channel results may be viewed here:
http://bmcms1.com/staging/durangoresourcesinc.com/projects/discovery-quebec/
Gold Channel Highlights include:
Channel 1: 0.5m at 1.969 g/t Au
Channel 2: 0.5m at 2.171 g/t Au
Channel 3: 1.0m at 9.25 g/t including 0.5m at 14.367 g/t Au
3m at 2.79 g/t Including 0.5m at8.332 g/t Au
Channels 4 and 5 were collected along and inside acontact zone between mafic and pegmatitic rock and all samples weresent for complete rock and base metal analysis. The pegmatitic rockswere sent for lithium analysis as the Discovery property is inproximity to, and has similar geological continuity of, theneighbouring Moblan Lithium Project held by Sayona. All materialresults will be published as they become available.
Marcy Kiesman, CEO of Durango, stated, “We areextremely excited that the Discovery Property carries gold withsignificant grade in surface samples that are thirty-five metersapart. The next step is to test the rock structure at a deeper leveland over a wider area to confirm the continuity and extent of the goldmineralization. As you can imagine, our exploration team is veryenthusiastic about testing the surface targets at depth to uncover thepotential of the Discovery Property. Gold assays of this grade atsurface bode well for future drilling which Durango plans to undertakeas soon as the snow melts.”
The technical contents of this press release wereapproved by George Yordanov, professional geologist, an independentqualified person as defined by National Instrument 43-101.
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 great road access andis 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 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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