(TheNewswire)
Vancouver, BC - TheNewswire - May 10,2023 – Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1) (OTC:ATOXF), (the“ Company ” or “ Durango ”) congratulates American Eagle GoldCorp. (TSXV:AE) for the recent announcement of C$2.96M investment withTeck Resources Limited to fund their NAK copper-gold porphyry propertylocated near Smithers, BC.
In 2022, American Eagle announced a 125-meter discoveryfrom surface of 1.02% copper equivalent on its NAK property maidendrill hole. In 2022, on November 8 and 22 Durango announced that ithad purchased property adjacent to American Eagle and stakedadditional prospective properties in the region.
One of the newly staked properties is east of the NAKdiscovery and covers a BC Mineral Title Online occurrence whichreports a few veins of chalcopyrite 5-7.6 cm in width with selectedportions of the chalcopyrite assaying 5.49 g/t silver and 10.6% copperwith trace gold (Minister of Mines Annual Report 1930, pg. 149).*
Durango holds 3,500 hectares in the Babine area and iscontinuing to review all the historical reports in conjunction withthe reported geology from others working in the area. The area hasmany forestry roads and is located near past producing mines such asBell and Granisle, so infrastructure is readily available.
Marcy Kiesman of Durango stated, “While researchingthe area through historical reports our team has determined that thereare reported copper occurrences over a large area in the region whichgenerates great upside potential for Durango. Our geological team isplanning its initial visit to the property to try to locate thehistorical occurrences on our 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 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 or business conditions. The Company doesnot undertake to update forward?looking statements orforward?looking information, except as 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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