- Announced that it has applied via GESTIM online staking for additional claims in the Nemaska region
- Now bringing its land holdings close to 3,000 hectares in the region, in addition to the 700-hectare land package under the joint venture arrangement announced by Durango on April 28, 2016
Vancouver, BC / May 5, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that it has applied via GESTIM online staking for additional claims in the Nemaska region, bringing its land holdings close to 3,000 hectares in the region, in addition to the 700-hectare land package under the joint venture arrangement announced by Durango on April 28, 2016.
Included in Durango’s land holdings are claims hosting mapped pegmatites as well as lake sediment samples in one claim group assaying 17.7ppm Li (1) Li, 15.4 ppm Li (2) 11.9ppm Li (3), and 10.2ppm Li (4). In comparison, a lake sediment sample taken from the Nemaska Lithium Whabouchi property in the same survey returned 10.9 ppm Li (5).
Marcy Kiesman, CEO of Durango, comments, “Our research and recent site visit have given us evidence to support the potential for lithium-bearing pegmatites on Durango’s land. Durango is expected to complete its NI 43-101 report shortly and will undertake a sampling program on the mapped pegmatites on the balance of the claims. The Company will keep investors updated as the exploration program develops for these claims in due course.”
LCT pegmatites, such as the pegmatite hosting the Whabouchi deposit, typically occur in groups, which consist of tens to hundreds of individuals and cover areas up to a few tens of square kilometres. Highly mobile elements such as lithium, rubidium, and cesium, and volatile components like boron and fluorine tend to alter the adjacent country rocks during LCT pegmatite emplacement. (6)
The technical contents of this release were approved by Case Lewis, P.Geo., a qualified person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report.
References
- (1)SIGEOM Sample 1957080615 – lake sediment sample.
- (2)SIGEOM Sample 1957080610 – lake sediment sample.
- (3)SIGEOM Sample 1957011985 – lake sediment sample.
- (4)SIGEOM Sample 1957011945 – lake sediment sample.
- (5)SIGEOM Sample 1957012628 – lake sediment sample.
- (6)”A preliminary deposit model for lithium-cesium-tantalum (LCT) pegmatites”, USGS Open File Report 2013-1008.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the development, commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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