(TheNewswire)
Vancouver, BC - TheNewswire - April20, 2022 – Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1)(OTC:ATOXF), (the “ Company ” or“ Durango ”) announces that further to the news of April 12, 2022,the exploratory backpack 2.85-meter drill hole on the wholly ownedDiscovery Property has intersected gold throughout the entirehole.
Durango completed a limited reconnaissance program onthe Discovery Property in late March to backpack drill test in thearea which previously returned several anomalous gold grades inchannel samples at surface including 9.25 g/t over one meter(including 14.367 g/t Au over 0.5m), and 2.79 g/t (including 8.332g/tover 0.5m) over three meters(see news release of January 17, 2022).Other surface chosen samples on the property were 41.16 and 46.64 g/t.(see news release dated October 7, 2021). A 2.85-meter test holeundertaken to establish the potential for hosting gold below surface,and to understand the type of rock carrying the gold. The drill corewas divided into 8 sections according to the changes in rockcomposition and submitted for gold assay.
Each of the assays returned anomalous gold averaging 1g/t over 2m and 0.87 g/t Au over the entire 2.85m drilled. The highestgrades (1.492 and 2.245 g/t Au) were found in samples of quartz veinsalthough samples within the basalt also returned anomalously highresults.
Marcy Kiesman, CEO stated, “Intersecting gold at thesurface and within the first few meters in a random test hole is avery good indicator for the potential of the Discovery Property andbodes well for the possibility of this area. The obvious next step isto complete further backpack drilling in the area to define the scaleat surface in combination with diamond drilling at depth on theDiscovery Property.”
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 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 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 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 adequacy or accuracy of thisrelease.
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