(TheNewswire)
Vancouver, BC - TheNewswire -November 8, 2022 – Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1)(OTC:ATOXF), (the “ Company ” or“ Durango ”) announces that it has staked property near the recentNAK copper discovery located in the Babine copper-gold porphyrydistrict of west-central British Columbia.
On November 7, 2022, American Eagle Gold Corp.(TSXV-AE) announced a 125-meter discovery from surface of 1.02% copperequivalent on its NAK property maiden drill hole. It is reported thatthe NAK is a near or at surface classic porphyry copper-gold systemwith road access.
Marcy Kiesman of Durango stated, “American Eagledetailed in their press release that they ‘have encounteredmineralization in every hole’ and that ‘the bounds of the systemare entirely unknown’ which is very encouraging. Historical copperoccurrences in the immediate area were available for staking resultingin Durango acquiring two separate copper occurrences totaling over1,000 hectares.”
The Company will begin reviewing the historical reportsin conjunction with the reported geology from American Eagle GoldCorp. to determine the next steps for the new Durango property.
Durango is still waiting for assay results on itssummer drill program at Discovery, Québec which were initially delayeddue to a fire at the core processing facility and are still under thesecondary delay due to the assay lab backlog. Results will be reportedas soon as they are available.
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 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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