(TheNewswire)
Vancouver, BC - TheNewswire - August2, 2022 – Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1)(OTC:ATOXF), (the “ Company ” or“ Durango ”) announces that further to the news of July 6, 2022, theCompany has intersected gold in a grab sample while setting up thedrill on its wholly owned Discovery Property (the “ Property ”) inQuébec.
The grab sample was taken by (chip, channel, saw) andis described as a quartz vein cross cutting the basalt (host rock). A4.3kg rock sample was sent for gold assay returned 13.5g/t Au fromgravimetric gold analysis.* A photo of the rock can be seen below andat http://www.durangoresourcesinc.com/_resources/images/Melanie-grab-sample.jpeg .
Marcy Kiesman, CEO of Durango stated, “At the time ofthis news release, Durango is still processing the recently completeddrill core. Our geologist on site had taken a sample of an outcropnear the drill target area and we had sent it in for a rush assay totry to help determine which rocks are carrying gold. We are pleasantlysurprised to continue to discover additional outcrops carrying gold inwhat appears to be the quartz veining. While waiting for drill coreprocessing and assays Durango plans to send a small crew back to siteto continue with mapping and sampling at surface.”
The Discovery Property is in the highly prospectiveJames Bay Territory, 100km north of Chibougamau, Québec in theFrotet-Evans greenstone belt. On July 6, 2022, Durango announced the completion of a 1,737m explorationdrill campaign in an area with known gold anomalies on the DiscoveryProperty. Six holes have been completed ranging from depths of 150m to402m and the drill core is still undergoing logging, cutting, andpreparation for assaying.
Additional updates will be announced on the DiscoveryProperty program as they become available.
Melanie Mackay P.Geo, is the qualified person forDurango Resources Inc. and approves the technical content in this newsrelease.
*Grab samples are selective by nature and may not beindicative of the mineralization on the entirety of theProperty.
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 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 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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