- Management confirms its limestone is suitable for fertilizer use
- Limestone is extremely beneficial for the agricultural industry including its use as a soil conditioner
Vancouver, BC / April 12, 2017 – Durango Resources Inc. (TSX.V-DGO) (OTC-ATOXF), (the “Company” or “Durango”) announces that further to the news of April 5, 2017 management confirms its limestone is suitable for fertilizer use.
Upon review, it was determined that Durango’s limestone is exempt from the registration process of the Canadian Food Inspection Agency (CFIA). The limestone is still subject to regulations and required to meet all the standards and requirements set forth in the Fertilizers Act and Regulations. Fertilizer and supplement products are regulated under the authority of the Fertilizers Act, which is administered by the CFIA.
Limestone is extremely beneficial for the agricultural industry including its use as a soil conditioner. The limestone is activated when it meets with water and dissolves into the soil, which lowers the acidity and raises the pH, which is essential for crop yields. The lime also adds desirable nutrients to the soils such as calcium, magnesium and phosphorus, which can improve soil structure, increase rates of air and water filtration, improve plant cell wall formation, and help regulate the nutrient uptake through the roots of the plant. Hydroponic-type systems are more prone to incur a calcium deficiency and require the use of limestone.
Marcy Kiesman, CEO of Durango stated, “Durango is fortunate to have highly favourable grades of limestone on the Mayner’s Fortune property. This creates additional opportunities for potential end-users which Durango will now actively investigate commercial-use mediums for its limestone due to the recent CFIA discussions.”
About Mayner’s Fortune
The Mayner’s Fortune property is located 7.5 kilometres southwest of Terrace, B.C., along the CN rail route between Terrace and Kitimat and hosts six historically mapped subparallel limestone units. Durango completed two exploration visits on the Mayner’s Fortune project in the late fall of 2016, which included sampling to test limestone quality and mapping substantiate historic reports. Assays of results of February 8, 2017 and December 14, 2016 achieved CaCO3* (calcium carbonate) (56.00 per cent CaCO (calcium oxide)).
*Theoretical value of CaCO3 is calculated based on the assay value of CaO at 1.78476 per cent and is used to estimate limestone (CaCO3) composition. This calculation assumes all CaO analyzed is present at CaCO3.
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 the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.
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
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the acquisition of additional ground, the entering into of any transaction with any third parties, exploration results on the Mayner’s Fortune Property 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.