(TheNewswire)
Vancouver, BC - TheNewswire - March17, 2022 - Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1)(OTC:ATOXF), (the “ Company ” or“ Durango ”) announces that further to the news of February 2, 2022,the Company has dispatched a crew for a site visit on its wholly ownedNMX East Property in Québec .
The Company’s NMX East lithium property neighboursNemaska Lithium’s Whabouchi Deposit located approximately 33km eastof the town of Nemaska in northern Québec . Durango’s NMX East propertyadjoins Nemaska Lithium’s eastern property perimeter, and theDurango claim border is less than 1.5km away from the Whabouchi miningpit.
Durango intends to launch a limited reconnaissanceprogram to prepare for drill testing the lithium bearing pegmatiteoccurrences below the surface in late spring or early summer. Thesmall crew has been commissioned with determining access and obtainingadditional surface samples as the weather conditions permit.
In 2016, Nemaska Lithium reported a newly discoveredDoris zone extension located to the east (towards Durango’s propertyboundary) of the Whabouchi deposit. According to Nemaska Lithium,“the Doris zone contains 5 interconnected dykes and has now beenconfirmed on 420m of lateral extension and up to a maximum depth of440m where it joins the main dyke.” Nemaska Lithium also stated thatit was “prudent to consider the possible impact of its eastwardcontinuance…” (see news release dated November 28, 2016).
To date, Durango has confirmed pegmatitic intrusionsrunning parallel to Nemaska Lithium’s main zone and Doris discoveryand Durango’s’ intrusion tested positive for lithium, cesium andrubidium as reported on September 21, 2016. The Company has engageda crew to conduct backpack drilling to assess the pegmatite outcropsbelow the surface for lithium, cesium, tantalum and rubidium.
Marcy Kiesman, CEO stated, “Lithium-Cesium-Tantalumpegmatite intrusions are known to occur in dyke swarms which can go onfor kilometres which is consistent with what has been seen to date inthis region. We have easy, priority, at-surface targets to initiatethe exploration program this spring/summer which will hopefullycontinue at depth.”
The technical contents of this press release wereapproved by George Yordanov MSc., professional geologist, anindependent qualified person as defined by National Instrument43-101.
About NMX East
The NMX East Property is located adjacent to theNemaska Lithium’s Whabouchi deposit which hosts the largestspodumene deposit in North America. The NMX East Property is less than1.5km away from the pit of the Whabouchi deposit and has lithium,tantalum and cesium bearing pegmatites identified at surface. TheNMX East Property has great road access and is accessible year-roundvia 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 to occur, are forward-looking statements. Althoughthe Company believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsmay differ materially from those in 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 adequacyor accuracy of this release.
Copyright (c) 2022 TheNewswire - All rights reserved.