- Acquired a series of claim cells adjacent to and near TomaGold Corporation’s Obalski project near Chibougamau, Quebec
- Claims are host to a historic outcrop sample which was reported to contain 220,000 ppm (22.0%) silver, 131,130 ppm (13.1%) copper, and 1,866 ppb gold
- Unique sample is one of only nine samples from the entire province of Quebec recorded in the SIGEOM sample database which contain greater than 100,000ppm silver.
Vancouver, BC / July 7, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that is has acquired a series of claim cells adjacent to and near TomaGold Corporation’s Obalski project near Chibougamau, Quebec.
The claims are host to a historic outcrop sample which was reported to contain 220,000 ppm (22.0%) silver, 131,130 ppm (13.1%) copper, and 1,866 ppb gold. The unique sample is one of only nine samples from the entire province of Quebec recorded in the SIGEOM sample database which contain greater than 100,000ppm silver. (1) *
* The reader is cautioned that a Qualified Person has not verified the sample cited in this release, as the sample material no longer exists. The sample is a selected sample that may not be representative of mineralization hosted on the property.
President Marcy Kiesman stated, “We are excited to acquire this new property in Quebec with exceptionally high silver, gold and copper values and in close proximity to our Trove Windfall Lake and Decouverte gold projects. The property’s proximity to Chibougamou is also highly advantageous from a logistical perspective, as our team will be able to access all three properties from the same location. This will allow our team to segue between projects with minimal cost and interruption.”
The technical contents of this release were approved by Mr. Case Lewis, P.Geo., OGQ member #1904, 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)SIGEOM unique sample 2010052478.
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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