Agoracom Blog

Durango Provides Visits Limestone Projects Near Potential Petronas LNG Project $DGO.ca

Posted by AGORACOM-JC at 9:23 AM on Tuesday, October 25th, 2016

Logo

  • Exploration team is now in northern British Columbia at its Smith Island and Mayner’s Fortune limestone projects
  • Currently holds the past producing Smith Island limestone project located 6km southwest of Lelu Island which is where Petronas’ $36B proposed LNG facility is expected to be built

Vancouver, BC / October 25, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news of October 17th, 2016, the exploration team is now in northern British Columbia at its Smith Island and Mayner’s Fortune limestone projects.

Durango currently holds the past producing Smith Island limestone project located 6km southwest of Lelu Island which is where Petronas’ $36B proposed LNG facility is expected to be built. Durango also holds a 320-hectare property called the Mayner’s Fortune located 7.5km southwest of Terrace, B.C. which hosts six mapped sub parallel limestone units.

The Company is conducting its first phase exploration program on its limestone properties which is expected to include sampling to test for limestone quality, and mapping to confirm the historical reports. The Company is also investigating British Columbia minfile #103H 073 in the region for limestone potential. Further updates will be provided as they become available.

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 project, 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 commencement and completion of future exploration, final approval from governmental entities on the LNG project, Petronas determining whether to proceed with the LNG project and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, 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 its 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.

Tags: , , , , ,

Comments are closed.