(TheNewswire)
Vancouver, BC - TheNewswire -December 15, 2022 – Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1)(OTC:ATOXF), (the “ Company ” or“ Durango ”) announces that further to the news of December12 th , 2022, the Company has added Dr. Lee Groat to its TechnicalCommittee to help advise on its wholly owned Discovery and NMX EastProperties in Québec.
Lee Groat graduated from Queen's University with aB.Sc. (Honours, Geology) in 1982 and from the University of Manitobawith a Ph.D. in 1988. From 1988 to 1989 he was a NATO PostdoctoralFellow at Cambridge University.
Professor Groat has been a faculty member at theUniversity of British Columbia since 1989. In 2002 he was awardedthe Killam Prize for Excellence in Teaching, and since 2007 he hasbeen Director of the Integrated Sciences specialization, which enablesstudents to create custom degree programs.
Professor Groat’s main research interests are thegeology of critical elements, gem deposits, and the crystal chemistryof minerals. He has published more than 150 papers in peer-reviewedscientific journals. From 2001 to 2006 Prof. Groat was Editor of AmericanMineralogist . From 2012 to 2022 he was Editorof The Canadian Mineralogist. From 2007 until 2021 Prof. Groat was Chair ofthe Commission on Gem Materials of the International MineralogicalAssociation.
In 2003 Prof. Groat was elected a Fellow of theMineralogical Society of America, and in 2009 the new mineralgroatite, NaCaMn 2+ 2 (PO 4 )[PO 3 (OH)] 2 , was named in his honor. In 2019 hewas awarded the Leonard G. Berry medal for distinguished service tothe Mineralogical Association of Canada. Professor Groat is anIndependent Director of multiple companies in the exploration andtechnology spheres and a partner in a private consultingcompany.
The Discovery Property is located in the highlyprospective James Bay Territory, 100km north of Chibougamau, Québecin the Frotet-Evans greenstone belt. In July of 2022, Durango completed an exploration drill campaign in an areawith known gold anomalies at surface. To date, partial results havecome in for holes 1, 2, and 4. Lithium-bearing pegmatite pods wereintersected in each of the drill holes which led to the corporatedecision to invite additional expertise to the technicalcommittee.
Marcy Kiesman, CEO of Durango stated, “We areextremely excited to have someone of Dr. Groat’s caliber join ourtechnical advisory committee at Durango. Between our recent finding oflithium-bearing pegmatites at our Discovery Property and our NMX EastProperty adjacent to Nemaska Lithium we will be able to keep Dr. Groatbusy for the next while.”
Melanie Mackay P.Geo, is the qualified person forDurango Resources Inc. and approves the technical content in this newsrelease.
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 NMX East
The NMX East Property is located on northern Québec along the RouteNord and situated beside Nemaska Lithium’s Whabouchi Deposit whichis considered to be the world’s second richest and biggest depositwith 27.Mt of proven and probable reserves.
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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