- Initiated contact with the Cree Nation of Nemaska to gain access to its group of properties in the Nemaska region
- Company has requested access in order to sample the mapped pegmatites which were not previously sampled by Nemaska Lithium in 2011 as discussed in the news dated, April 7, 2016 and April 20, 2016
Vancouver, BC / May 20, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that it has initiated contact with the Cree Nation of Nemaska to gain access to its group of properties in the Nemaska region. The Company has requested access in order to sample the mapped pegmatites which were not previously sampled by Nemaska Lithium in 2011 as discussed in the news dated, April 7, 2016 and April 20, 2016.
Nemaska Lithium Inc. (TSX.V-NMX) announced on May 11, 2016 via stockwatch that it signed a “definitive agreement for the $12M up-front payment for the phase 1 plant and signs commercial offtake agreement for lithium salts” with Johnson Matthey Battery. The closing of the agreement completes the financing of the budgeted $38M phase 1 plant and represents the first commercial offtake agreement.
Marcy Kiesman, CEO of Durango, comments, “Durango looks forward to working with the Cree Nation of Nemaska to undertake a sampling program on the known pegmatites on its claims and will continue to keep investors updated as the exploration program progresses.”
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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