- Announced that upon further review of historic data on the Nemaska area, the Company has further refined targets for its upcoming exploration program at its NMX East property in northern Quebec
- Three parallel signatures were found to occur clearly on the Durango property in both the gradiometric and total field magnetic surveys.
Vancouver, BC / June 2, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango“) announces that upon further review of historic data on the Nemaska area, the Company has further refined targets for its upcoming exploration program at its NMX East property in northern Quebec.
Based on observations from gradiometric and total field magnetic surveys conducted on the area in 2011, several geophysical signatures have been found on the property which coincide with mapped pegmatites from the 2011 Tucana Lithium technical report on the Abigail property (1)(2). These geophysical signatures appear to extend eastward from Nemaska Lithium’s Whabouchi property.
Three parallel signatures were found to occur clearly on the Durango property in both the gradiometric and total field magnetic surveys. Two of these signatures were confirmed in Tucana Lithium’s 2011 report to be coincident with pegmatite outcropping at surface, while the third was not mapped (1). Furthermore, one of the signatures appears to lie directly along strike with the Whabouchi deposit.
Marcy Kiesman, CEO of Durango, comments, “There has been extensive staking in the Nemaska area over the past few months, while work programs in the area are beginning to commence. Our approach has been to compile and reinterpret all available materials prior to commencing work in an effort to make Durango’s upcoming exploration program in Nemaska as efficient as possible and to provide the best chance of discovery.”
The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101. The property has not yet been the subject of a National Instrument 43-101 report.
References
- (1)Theberge, D. (2011). NI 43-101 Technical Report Pertaining to the Abigail Property, Nemiscau Area, Northern Quebec, Canada, prepared for Tucana Lithium Corp.
- (2)D’Amours, I., (2011). Leve magnetique aeroporte de la partie sud-est de la Sous-province de Nemiscau et de la partie nord de la Sous-province d’Opatica, Baie-James, Quebec
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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