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Gold Bullion Heads Toward All Time Highs, Shatters $1,900 Ceiling: SPONSOR Durango Resources $DGO.ca $BTR.ca $OSK.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 1:45 PM on Friday, July 24th, 2020
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Durango owns 100% interest in the Trove claims, in the Windfall Lake area between Val d’Or and Chibougamau, Quebec., which are surrounded by Osisko Mining Inc. The property is compelling due to the coincidence of gold found in tills, coinciding with magnetic highs, several Induced Polarization anomalies and two faults crosscutting the property. Durango is undergoing a final review process for the proposed 3,000m drill program in 2020. Click Here For More Info

July 24, 2020

The record high for gold bullion stands at $1,920.70 USD, reached approximately nine years ago in 2011. The price stunned traders and investors in the precious metals markets at the time, after it peaked and ended there following a spectacular bull run.

Now we are closing in on that price again, and the precious metals bull market of 2020 has only just begun in earnest.

Strap yourselves in and get ready for some phenomenal gains.

(Chart source, goldprice.org)

As it stands at the time of writing, gold bullion has shattered through the $1900 ceiling in rapid succession. This comes after only recently breaking through the $1800 mark—a level that was previously acting as resistance— and as predicted, once this level was solidly broken through, rapidly increasing gains resulted.

Silver bullion has followed in gold’s footsteps, also experiencing an impressive and rapid acceleration higher in prices, resting at $22.85 per ounce at the time of writing, with a strong potential of breaking above $23.00 per ounce.

These strong moves higher in both gold and silver bullion come as investors begin to realize just how precarious a situation the world now finds itself in. A prolonged coronavirus pandemic seems more and more likely, with health officials saying that not only is a vaccine NOT in the foreseeable future, it’s also not even a likely “fix-all” solution, given the nature of the virus.

This comes as the United States officially surpasses 4 million confirmed COVID-19 cases, with Florida being one of the most heavily hit states in recent days and experiencing a record number of deaths.

This means further strains on our already crippled economy, more money printing and bailouts, and more stress and uncertainty as we head into the future.

In addition, interest rates around the world have plummeted, as Central Banksters ratchet rates to all-time lows, some even dipping into negative interest rate territory, doing everything they can to help artificially prop up this flailing economy.

Russia’s central bank was the most recent one to take action, lowering its main interest rate by 0.25%, to 4.25%. Which may seem high when compared to some Western nations, but is in fact a record post-Soviet low for the country.

Mark Mobius, co-founder of Mobius Capital Partners, had the following to say in a recent Bloomberg interview about investing in gold at this time:

“When interest rates are zero or near zero, then gold is an attractive medium to have because you don’t have to worry about not getting interest on your gold and you see the gold price will rise as uncertainty in the markets are rising.”

Wall Street is finally taking the blinders off, which is why we have seen the recent pull back in stock prices coinciding with this sharp increase in safe haven assets such as precious metals.

(Chart source, google charts)

Throwing gasoline on an already blazing fire, China and the United States have once again renewed their spat, going tit for tat in their most recent hostile exchange.

This renewal in tensions comes after the United States government decided to close a Chinese consulate in Houston Texas, citing “spying” concerns.

This of course infuriated the Chinese government, which has denied the accusation and shut down a U.S. consulate in kind, the Guardian reports:

“Beijing has ordered the closure of a US consulate in south-western China, in a move that escalates tensions between the two countries to a new level.

On Friday, China’s ministry of foreign affairs said it had ordered the US consulate in Chengdu, in Sichuan province, to cease all operations. Authorities notified the US of China’s decision to revoke its consent for the consulate to operate, according to a notice on the ministry’s website.”

The question now remains: how much further are these two countries willing to take this spat? Will it spill over and escalate even further than it already has, ending the hard strides that both parties have made toward improving trade relations? We shall just have to wait and see.

Regardless, the prospects for both gold and silver bullion have never looked better, with the world facing crisis after crisis on a seemingly daily basis.

In such a climate, precious metals should continue to increase in demand for the foreseeable future and thus will offer some of the only true financial protection you will find moving forward throughout the remainder of 2020 and well into 2021.

As always, stay safe and keep stacking.

About Sprott Money

Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.

Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.

Source:https://www.sprottmoney.com/Blog/gold-bullion-heads-toward-all-time-highs-shatters-1900-ceiling-nathan-mcdonald-july-24-2020.html

Gold Prices Supported by Negative and Near-Zero Bond Yields SPONSOR Durango Resources $DGO.ca $BTR.ca $OSK.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 4:44 PM on Tuesday, July 21st, 2020
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Durango owns 100% interest in the Trove claims, in the Windfall Lake area between Val d’Or and Chibougamau, Quebec., which are surrounded by Osisko Mining Inc. The property is compelling due to the coincidence of gold found in tills, coinciding with magnetic highs, several Induced Polarization anomalies and two faults crosscutting the property. Durango is undergoing a final review process for the proposed 3,000m drill program in 2020. Click Here For More Info

Global investors seeking a perceived safe haven piled into gold-backed ETFs in 2019, making it the best year on record for gold holdings. Assets under management (AUM) in gold bullion ETFs expanded 37 percent from the previous year, adding $19.2 billion, or 400 tonnes, according to the World Gold Council (WGC). During the fourth quarter, total holdings hit a jaw-dropping 2,900 tonnes, the equivalent of 102 million ounces, which is the most on record.

Physical gold, meanwhile, had its best year since 2010, climbing as much as 18.31 percent. The yellow metal’s role as an exceptional store of value shined brightly in the second half of 2019 when the pool of negative-yielding debt around the world began to skyrocket, eventually topping out at around $17 trillion in August.

As of January 2020, it’s estimated that about 30 percent of all investment-grade sovereign government bonds and 15 percent of corporate bonds traded with a negative yield. This means that investors who buy and hold them until maturity are guaranteed to make a loss.

The 30 percent referenced above only includes nominal rates. When adjusted for inflation, some 90 percent of government debt has a negative yield right now, according to WGC estimates.

“And the low rate environment is unlikely to change any time soon,” writes WGC analysts in their “Outlook 2020” report, released January 15. “Many central banks—the highest number since the global financial crisis—are cutting rates, expanding or implementing quantitative (or quasi-quantitative) easing and, in some instances, doing both.”

Lower for Longer

Some economists use the term “Japanification” to describe the process of being permanently stuck in an environment of low inflation and even lower rates, which leaves policymakers with few options to jolt the economy.

Last year, the Federal Reserve, European Central Bank (ECB) and Bank of Japan (BoJ)—which represent a collective 45 percent of world gross domestic product (GDP)—all either cut lending rates or kept them steady at below 0 percent. Japanese officials hinted that they might trim rates further, while President Donald Trump publically pressured Fed Chair Jerome Powell to implement a low-interest policy that’s more in line with other economies.

The U.S. is “one recession away from joining Europe and Japan in the monetary black hole of zero rates and no prospect of escape,” comments Larry Summers, former director of the National Economic Council (NEC).

This isn’t a phenomenon seen just in developed economies. Emerging markets are in rate-cutting mode as well. In November, there were as many as eight net rate cuts among a group of 37 developing economies, according to Refinitiv. November, in fact, marked the 10th straight month of net cuts, the longest easing cycle for emerging market central banks since 2013.

Turkey’s is the most recent central bank to lower rates, from 12 percent to 11.25 percent on January 15, pushing its benchmark rate below 0 percent for the first time, when adjusted for inflation.

Interest in Gold as an Investment Has Increased

For these reasons and more, interest in gold as an investment has surged, if internet search results are any indication. According to Google Trends data, search queries for the key phrase “gold investment” reached their most extreme level in the past five years. In the chart below, the left axis represents search interest relative to the highest point for the given time period. On January 12, the “gold investment” search term had a reading of 100, indicating that interest in the topic was very recently at its highest point for the five-year timeframe. 

So How Can You Participate?

Besides buying physical gold—in bars, coins or jewelry—investors can get exposure through futures contracts or by buying individual gold mining stocks, mutual funds or ETFs. Our favorite strategy to use is the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU). The ETF, which launched in June 2017, ended the year up a phenomenal 54.2 percent, beating the price of gold bullion (up 18.3 percent) as well as gold mining companies (up 41.6 percent).

GOAU managed to deliver such impressive results because, number one, it’s quant-based and highly selective of the companies it invests in. Unlike many other gold ETFs, which are market cap-weighted, GOAU aims to select only the most profitable, undervalued and high-momentum mining stocks. It’s also rebalanced and reconstituted at the start of every quarter.

What really makes all the difference is that approximately 30 percent of the ETF is invested in the top three royalty and streaming companies—Franco-Nevada, Wheaton Precious Metals and Royal Gold. Fellow streamers Osisko Gold Royalties and Sandstorm Gold represent a further 8 percent of GOAU, as of January.

We believe these firms are the “smart money” of the metals and mining industry. Royalty and streaming companies can help investors manage many common risks associated with traditional producers. Because they’re not directly responsible for building and maintaining mines and other costly infrastructure, huge operating expenses can be avoided. They also hold highly diversified portfolios of mines and other assets, which helps mitigate concentration risk in the event that one of the properties stops producing. As a result, royalty companies have enjoyed a much lower breakeven cost than traditional miners.

SOURCE: https://www.usglobaletfs.com/insights/gold-prices-supported-by-negative-and-near-zero-bond-yields/

Durango $DGO.ca Completes Site Preparation at Windfall Lake $BTR.ca $OSK.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 9:54 AM on Wednesday, July 15th, 2020
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  • Identified 15 drill targets for the Trove Property to test favourable IP signatures

July 15, 2020 – Durango Resources Inc. (TSXV-DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango“) is pleased to report that its exploration team has completed the initial 2020 reconaissance program on its Windfall Lake, Quebec land package.

As announced on July 2, 2020, Durango deployed its exploration crew to the Trove Property to prepare the site for the 2020 summer drill program. Durango has identified 15 drill targets for the Trove Property to test favourable IP signatures which coincide with geochemistry anomalies including gold found in till samples. Drill access was created on the Trove Property as necessary for the upcoming summer drill program.

Additional mapping and sampling were completed on the Trove Property due to the additional road access recently built by forest companies. Fifty nine (59) grab and channel samples were also collected on the Trove Property. The accessibility of the new outcrops permitted Durango to take additional structural measurements for the upcoming summer drill campaign.

Mineralized zones, hematite quartz veins and lithological contacts including felsic dykes and mafic volcanics were mapped and sampled on the Trove Property. Some mineralized zones with pyrrhotite, traces of chalcopyrite and hematite alteration associated with quartz veins were observed in the sampled areas on the Trove Property. Several gold deposits in the Urban Barry belt have been associated with a set of northeast (NE) shear zones accompanied with deformation by a magmatic event represented by quartz feldspar porphyry (QFP) dykes which are now identified on the Trove Property.

It is recommended that mechanical stripping and sampling be completed immediately on the northeast extremity of the Trove Property near one the previously defined drill targets which may be controlled by the NE-SW Barry fault and associated shear zones.

Nine (9) till samples were also collected on Durango’s East Barry Property along the projected contact of the intrusives and the volcanics. Till sampling conducted in 2018 and 2019 identified a 5km trend but no new outcrops were discovered during the short campaign.

Marcy Kiesman, CEO of Durango, stated, “I am very enthusiastic that many of our first stage observations at the Trove Property correspond to the mineralization reported by Osisko Mining on their neighbouring properties, specifically, in Osisko’s 2018 drilling campaign that returned results of up to 5g/t gold. The potential for the Trove and East Barry properties are high which is great news for our shareholders and further presses the importance of our exceptional properties at Windfall.”

Additional information on the exploration program, including financing, will be released as it becomes available.

The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101. The property has not yet been subject to an NI-43-101 report.

Trove, Quebec

Durango owns 100% interest in the Trove claims, which are surrounded by Osisko Mining Inc. (TSX: OSK) , in the Windfall Lake area between Val d’Or and Chibougamau, Quebec. The 1,185 hectare property is compelling due to the coincidence of gold found in tills coinciding with magnetic highs, several Induced Polarization anomalies and two faults crosscutting the property. The fault systems north and south of the Trove, control gold mineralization elsewhere, indicating the Trove has excellent exploration potential. Durango received all the final drill permits for the Trove property in September 2019 and is undergoing its final reviewing process for the proposed 3,000m drill program.

East Barry, Quebec

Durango owns 100% interest in the East Barry claims which run parallel to Trove claims. The East Barry block is over 6,100 hectares in size and borders the eastern perimeter of Osisko’s holdings and the southern perimeter of Bonterra’s holdings and is less than 4km south of the Gladiator deposit. The East Barry claims host a gold trend which covers approximately 10km in length and is subparallel to the main Barry Fault held by Osisko. In 2018 a till sampling program was conducted and one of the till samples returned fourty-two (42) pristine gold grains with reported gold values of 2.184 g/t Au. A high count of pristine gold grains indicates that the gold has travelled a very short distance from its source. The East Barry block underwent an Induced Polarization survey in 2018 which identified a high priority target coincident with the high count of pristine gold grains.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, CEO

Telephone: 604.428.2900 or 604.339.2243

Email: [email protected]

Website: www.durangoresourcesinc.comUnfollowRecommend

Durango Resources $DGO.ca Begins Exploration at Windfall Lake $BTR.ca $OSK.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 10:01 AM on Thursday, July 2nd, 2020
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  • Durango Resources Inc.’s exploration team has arrived on site at Windfall Lake, Quebec.
  • Preparing drill pads for upcoming summer drill program

The work crew has been tasked with preparing the site for the upcoming summer drill program by way of creating drill pads and clearing access to the areas of interest. As previously announced on April 4, 2019, Durango has identified 15 drill targets for the Trove Property to test favourable IP signatures that coincide with geochemistry anomalies including gold found in till samples.

The exploration team will also be mapping and collecting additional till and rock samples on the East Barry Block in an area of interest along the contact of instrusives and volcanics. Till sampling conducted in 2018 and 2019, identified a 5km trend which we are eager to investigate and identify the source for future drill targets.

Marcy Kiesman, chief executive officer of Durango, stated: “I am excited to finally get our exploration team moving at Windfall Lake. I want to thank our shareholders for their patience this year as we navigated the challenges of closures and increased regulations due to COVID19. We look forward to a busy summer exploring and drilling in the Windfall gold camp adjacent to Osisko with great hopes for success for our shareholders.”

The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101. The property has not yet been subject to an NI-43-101 report.

Trove, Quebec

Durango owns 100% interest in the Trove claims, which are surrounded by Osisko Mining Inc., in the Windfall Lake area between Val d’Or and Chibougamau, Quebec. The 1,185 hectare property is compelling due to the coincidence of gold found in tills coinciding with magnetic highs, several Induced Polarization (“IP”) anomalies and two faults crosscutting the property. The fault systems north and south of the Trove, control gold mineralization elsewhere, indicating the Trove has excellent exploration potential. Durango received all the final drill permits for the Trove property in September 2019 and is undergoing its final reviewing process for the proposed 3,000m drill program.

East Barry, Quebec

Durango owns 100% interest in the East Barry claims which run parallel to Trove claims. The East Barry block is over 6,100 hectares in size and borders the eastern perimeter of Osisko’s holdings and the southern perimeter of Bonterra’s holdings and is less than 4km south of the Gladiator deposit. The East Barry claims host a gold trend which covers approximately 10km in length and is subparallel to the main Barry Fault held by Osisko. In 2018 a till sampling program was conducted and one of the till samples returned fourty-two (42) pristine gold grains with reported gold values of 2.184 g/t Au. A high count of pristine gold grains indicates that the gold has travelled a very short distance from its source. The East Barry block underwent an Induced Polarization (“IP”) survey in 2018 which identified a high priority target coincident with the high count of pristine gold grains.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.

Durango Resources $DGO.ca Welcomes Julie Lemieux to its Board of Directors $BTR.ca $OSK.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 10:03 AM on Monday, June 29th, 2020

Vancouver, BC – TheNewswire – June 29, 2020 – Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango“) is pleased to announce the appointment of Ms. Julie Lemieux to its board of directors.

Ms. Lemieux has over 25 years of experience in team leadership, project management, business development and continuous improvement strategy implementation. A graduate from Laval University, Julie holds a Bachelor of Science in Geomatics.

Most recently, Ms. Lemieux has worked as a senior consultant for Planifika Inc., a consulting firm specializing in helping companies develop an asset management mindset based on the Institute of Asset Management principles and ISO 55001 standards. She is also the Vice President of North American Operations for EXMceuticals Inc., an emerging player in the international medical cannabis industry in Europe. Previously Ms. Lemieux managed strategic projects, including working with the Metis Nation of Alberta and its regions through Indigenous consultation, support, and advice on environmental services aligned with community concerns and values.

Marcy Kiesman, Durango CEO stated, “We very excited to have Julie join our team as she brings a wealth of experience to our Board. As a French Canadian, she is familiar with many aspects of mining as she has worked in industry, for government and with First Nation groups. We are particularly impressed with Julie’s extensive financial network in eastern Canada, especially given our plans for an exploration program in Quebec this year. We are confident that having Julie on our team will enhance the sophistication of our Board and shareholder base and will also help us strengthen shareholder communication during this exciting time for our company.”

Durango has granted 1,100,000 options to purchase common shares of the Company at an exercise price of $0.10 per share for a period of five years to its directors and officers and consultants as per its 10% TSX rolling plan. Of this amount, Ms. Lemieux was granted an option to purchase 250,000 common shares.

ABOUT DURANGO RESOURCES

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.

FORWARD-LOOKING STATEMENT

This press release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the Company’s limited operating history and history of losses, the inability to successfully obtain funding, general market conditions and such other risks that could cause the actual results to differ materially from those contained in the Company’s projections or forward-looking statements. All forward looking statements in this press release are based on information available to the Company as of the date hereof, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Marcy Kiesman, CEO

Telephone: 604.428.2900 or 604.339.2243

Email: [email protected]

Website: www.durangoresourcesinc.com

Durango Reviews Rare Earth Potential $DGO.ca

Posted by AGORACOM-JC at 9:06 AM on Tuesday, June 20th, 2017

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  • Has been offered to purchase certain prospective rare earth projects
  • consisting of cerium, hafnium, lanthanum, scandium, yttrium and zirconium

Vancouver, BC / June 20, 2017 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTC-ATOXF), (the “Company” or “Durango”) announces that it has been offered to purchase certain prospective rare earth projects consisting of cerium, hafnium, lanthanum, scandium, yttrium and zirconium.

On June 17th, 2017, Fox News published an article titled “Trump Energy Dept. Seeks to Mine Elements Monopolized By China” http://insider.foxnews.com/2017/06/17/donald-trump-coal-mining-rare-earth-elements-comes-china-appalachia. The article states how rare earth elements are “crucial for production of electronics, military equipment and some medications” and how the “Energy Department says it will invest nearly $7 million into researching ways to mine and produce these elements”.

Additionally, on June 18th, 2017, The Wall Street Journal published an article called “Commerce Secretary Wilbur Ross Talks Trade” https://www.wsj.com/articles/commerce-secretary-wilbur-ross-talks-trade-1497838380 which stated, “China is a very big supplier of rare earths, which are quite essential to many electronic products. They drove everybody in this country out of business by dumping, dumping, dumping, dumping. And guess what happened once they did? Prices suddenly went way up.”

Marcy Kiesman stated, “To remain relevant and positioned for discovery, management has forwarded the prospective properties to Durango’s Board of Directors and geological team for review and will provide an update as soon as it becomes 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 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

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 purchase and exploration of its properties 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.

 

Durango Initiates Geophysical Exploration on Decouverte (Discovery), QC $DGO.ca

Posted by AGORACOM-JC at 8:29 AM on Tuesday, May 30th, 2017

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  • Planning further exploration for the Decouverte Property in relation to its grant from the Institut National de la Recherche Scientifique
  • Neighbours on the west side of the project is Osisko Mining Inc.’s (TSX-OSK) Assinica property and to the northwest is Beaufield Resources Inc.’s Troilus-Tortigny Property (TSX.V-BFD)

Vancouver, BC / May 30, 2017 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTC-ATOXF), (the “Company” or “Durango”) announces that it is planning further exploration for the Decouverte Property in relation to its grant from the Institut National de la Recherche Scientifique (“INRS”) as announced June 1, 2015, September 18, 2015, November 5, 2015 and November 30, 2015.

Durango’s wholly owned Decouverte (Discovery) property is in the Frotet-Evans greenstone belt in northern Quebec approximately 100km to the northwest of the town of Chibougamau. Neighbours on the west side of the project is Osisko Mining Inc.’s (TSX-OSK) Assinica property and to the northwest is Beaufield Resources Inc.’s Troilus-Tortigny Property (TSX.V-BFD). The former-producing Troilus mine is approximately 60km northeast along the same fault. It is noteworthy to mention that there are three important massive sulphide showings to the west (Fallara, Rapides Assinica and Lucky Strike) and to the East are VMS deposits with proven resources (Tortigny, Lessard, De Maures, Moleon).

The INRS grant (FQRNT-MERN-MINES) on the Decouverte property is being used to focus on defining the electromagnetic (EM) anomalies from Durango’s Dighem airborne survey, which may be indicative of massive sulphide mineralization.

The research grant is being used on the site of the Decouverte property to test the utility of deep penetration geophysical methods (audiomagnetotelleluric: AMT, Controlled Source ElectroMagnetics; CSEM) to document the VMS mineralization potential of the lake Pasquale area.

At the end of 2015, 9.9 km of magnetometric, gravimetric and electromagnetic (FDEM) surveys were carried out along 3 sections intersecting different lithological units and structures of the Decouverte property. These sections also intersect magnetic and EM anomalies detected by the DIGHEM heliborne survey. An audiomagnetotelluric survey was also realized to document the deep geophysics (0-1500m) under line 3 which intersects a large conductive magnetic anomaly.

Given the presence of formational conductors on the Decouverte property, gravimetry and sub-surface electrical resistivity work will be carried out to characterize the main anomalies detected by the DIGHEM survey. A follow-up exploration program (outcrops, erratic blocks) will be carried out in 9 sectors previously identified as priority. Finally, a lithogeochemical study will be carried out to document the geochemical signature of felsic volcanics in the southern part of the property. This sector includes base metal showings associated with felsic and intermediate volcanics. According to the report of Falconbridge Ni, these showings had been discovered by ground FDEM and magnetic surveys.

The work is planned to occur in late June and additional details will be announced as they become available.

Rock sampling has been conducted by INRS and is undergoing petrophysics laboratory studies on the Decouverte rocks. The geophysical, petrophysical and geological data of the Decouverte is being developed into a model of the deep geology on the property. Once the report is completed it will be announced and published on the corporate website of Durango.

Marcy Kiesman, CEO of Durango, stated, “The Decouverte property remains a compelling project for Durango due to its volcano-sedimentary environment and structural geology which increases the potential for a significant gold and /or VMS deposit. Durango is positioned for discovery as VMS deposits often occur in clusters which mean that the discovery of one may indicate that there are others nearby.”

The technical information in this news release has been reviewed and approved by Marc Richer-LaFleche, P.Geo QC, a qualified person as defined in National Instrument 43-101.

About Decouverte

The Decouverte property is in the Frotet-Evans greenstone belt approximately 60 kilometres southwest of the former Troilus copper-gold mine, which produced over two million ounces Au and 50,000 tonnes Cu from 1997 to 2010. The property covers approximately 5,900 hectares covering a synclinal fold nose of Archean units transected by a major northeast-trending shear zone. Durango carried out a helicopter-borne DIGHEM EM/magnetic airborne geophysical survey on the property in 2011 (NR Nov. 24, 2011) and soil geochemistry and prospecting in 2013 and 2014 targeting areas identified in the airborne survey. The geological setting is mainly mafic volcanics (basalts/andesites), in places strongly sheared, cut by pegmatitic granitic units, and significant sedimentary, oxide and sulphide facies iron formation units. Alteration including silica, sericite and iron carbonate is noted. Significant soil values included 174 ppb gold, 0.66 ppm silver, 150 ppm nickel, 200 ppm copper and 240 ppm barium. Chip/channel rock samples gave values of 7.6 g/t gold and 6.24 g/t gold hosted in narrow quartz veins in mafic volcanics, in the contact area with the pegmatitic granite. The property is located 100 kilometres north of Chibougamau, Quebec and benefits from favourable infrastructure, including road accessibility, being 10 kilometres from Route du Nord, and a power line that bisects the property.

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 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

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 exploration of its properties 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.

Durango Updates Map of Windfall Lake Properties $DGO.ca

Posted by AGORACOM-JC at 9:16 AM on Wednesday, May 17th, 2017

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  • New map has been created outlining the recent acquisition of properties in the Windfall Lake Gold Camp area
  • New Windfall Properties are comprised of approximately 2,700 hectares and adjoin the limit of Osisko Mining Inc.’s (TSX-OSK) property

Vancouver, BC / May 17, 2017 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTC-ATOXF), (the “Company” or “Durango”) announces that further to its news release dated April 18, 2017, a new map has been created outlining the recent acquisition of properties in the Windfall Lake Gold Camp area (the “Windfall East Property” and “Windfall West Property”, and collectively the “New Windfall Properties”).

The New Windfall Properties are comprised of approximately 2,700 hectares and adjoin the limit of Osisko Mining Inc.’s (TSX-OSK) property as seen below.


Click Image To View Full Size

The Windfall East Property is approximately five kilometres southeast of Osisko Mining Corporation’s (TSX-OSK) Black Dog Au-Ag-Cu discovery and several kilometres south of BonTerra Resources Inc.’s (TSX.V-BTR) Gladiator Project. Limited exploration has been conducted over the Windfall East Property which totals an area of over 2,000 hectares. A power line is crossing the central portion of the east claim block, and several lakes and rivers are present, which may facilitate access for 2017 exploration work.

The Windfall West Property is an additional block of approximately 675 hectares and is located to the west of Durango’s Trove property and adjoins Beaufield Resources Inc.’s (TSX.V-BFD) western perimeter and is accessible for exploration work via a main logging road from the town of Lebel-sur-Quevillon.

Marcy Kiesman CEO of Durango stated, “Durango is in discussions with consultants and geologists and is reviewing several exploration program options which may be initiated to advance the Windfall Properties. Durango is confident in the prospective gold acquisitions in the Windfall area which are positioned for discovery and looks forward to the exploration year ahead on the Trove and the New Windfall Properties.”

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 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

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 exploration of the Trove and the New Windfall Properties, the entering into of any transaction and/or financing with any third parties 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.

Durango Receives OK to Dewater at Dianna Lake Silver, Sask. $DGO.ca

Posted by AGORACOM-JC at 8:56 AM on Thursday, May 11th, 2017

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  • Water Security Agency of Saskatchewan has granted permission for Durango to dewater Pit#1 on its wholly owned Dianna Lake Silver Project in northern Saskatchewan

Vancouver, BC / May 11, 2017 – Durango Resources Inc. (TSX.V-DGO) (OTC- ATOXF) (Frankfurt-86A1), (the “Company” or “Durango”) announces that further to the news release dated May 2, 2017, the Water Security Agency of Saskatchewan has granted permission for Durango to dewater Pit#1 on its wholly owned Dianna Lake Silver Project in northern Saskatchewan.

As previously announced on September 6, 2016, Durango’s team was successful in locating and mapping nearly all historical drill holes, pits, and trenches. In addition, several new silver, copper, and gold-bearing showings were discovered during the 2016 reconnaissance program. The program encountered high-grade silver and copper anomalies which were taken in channel samples from the main zone of historic workings and grab samples from the surrounding areas.

Durango management is preparing a follow-up program for the Dianna Lake property in 2017 which will entail further investigation of the anomalies discovered in 2016 and will also include work on historical Pit#1 (see news releases of July 13, 2016 and September 6, 2016). In 2016, Pit #1 was flooded with water, however, based on historical documentation, the highest-grade silver material was recovered from this historic pit. Now that Durango has the go ahead to dewater Pit#1, the Company plans to fully sample the pit in the upcoming 2017 exploration campaign.

Durango is currently in discussions with its exploration team and more definitive timing on the 2017 summer exploration program at Dianna Lake will be announced as soon as it is available

Figure 1: Sampling Locations Within Historical Pit Area (Highlights)


Click Image To View Full Size

Full-size image at: http://www.durangoresourcesinc.com/dianna-lake-silver-saskatchewan/

Marcy Kiesman, CEO of Durango, comments, “Durango is very pleased with the expediency and the positive response by the Water Security Agency of Saskatchewan. We look forward to sampling the historical pit and verifying the historically documented silver results of Dianna Lake this summer. Durango remains positioned for discovery at the Dianna Lake Silver prospect in Saskatchewan.”

About Dianna Lake Silver, Saskatchewan

Durango’s Dianna Lake silver prospect covers an historical area in which, from 1968 to 1969, two-high grade, primarily native silver-bearing exploration targets of between 30,000 tonnes and 50,000 tonnes grading five to ten ounces per ton silver, approximately 600 meters apart, were determined by trench grab sample assays, according to an historical evaluation report composed for Comaplex Resources in 1980 (1)*.

* Potential quantities and grades are conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

References

  1. (1)”Evaluation report of the Dianna Lake silver-copper property, CBS 3141, S-97735 and S-97736, Uranium City area, Saskatchewan, Canada, for Comaplex Resources International Ltd.,” E.G. Kennedy, P.Eng., 1980.

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, and 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

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 Durango achieving permits, engaging in future drilling or work programs, raising additional funds, exploration results on any of its properties or the 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.

Durango Completes Acquisition of Windfall Lake $DGO.ca

Posted by AGORACOM-JC at 8:25 AM on Tuesday, April 18th, 2017

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  • Windfall Lake Gold Camp area (the “Windfall East Property” and “Windfall West Property”, and collectively the “New Windfall Properties”) has been approved by the TSX Venture Exchange.
  • Durango closed the acquisition on April 11, 2017

Vancouver, BC / April 18, 2017 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTC-ATOXF), (the “Company” or “Durango”) announces that further to its news release dated March 6, 2017, its recent acquisition of properties in the Windfall Lake Gold Camp area (the “Windfall East Property” and “Windfall West Property”, and collectively the “New Windfall Properties”) has been approved by the TSX Venture Exchange. Durango closed the acquisition on April 11, 2017.

The New Windfall Properties are comprised of approximately 2,700 hectares and adjoin the limit of Osisko Mining Inc.’s (TSX-OSK) property. The Windfall East Property is approximately five kilometres southeast of the Black Dog Au-Ag-Cu discovery. Osisko is currently drilling the extent of this new mineralization which appears as distinct subvertical zones dipping to the southeast and distributed along a NE-trending linear magnetic structure (Osisko’s Press release of January 18, 2017 and conceptual model on Osisko’s website).

The Windfall East Property runs along the southern perimeter of a projected large fault/lineament, a favorable environment for Archean lode gold deposit. Although the Windfall East Property is located outside the mapped Urban Barry greenstone belt, it remains prospective as many gold occurrences are found outside greenstone belts (eg. Cheechoo Project of Sirios Resources) and are rather driven by structural controls.

A limited amount of exploration work has been conducted over the Windfall East Property which totals an area of over 2,000 hectares. It is located within 1.5 km of the regional northeast-southwest faults extending from the Gladiator project of Bonterra Resources. A power line is crossing the central portion of the east claim block, and several lakes and rivers are present, which may facilitate access for future exploration work. Topography indicates that the area could be suitable for a till survey, as a first step to outline future targets.

The Windfall West Property is an additional block of approximately 675 hectares and is located to the west of Durango’s Trove property and adjoins Beaufield Resources Inc.’s (TSX.V-BFD) western perimeter and is accessible for exploration work via a main logging road from the town of Lebel-sur-Quevillon.

Marcy Kiesman CEO of Durango stated, “Durango is reviewing several exploration programs which could be initiated to advance the New Windfall Properties. Durango is confident in the prospective gold acquisitions in the Windfall area and looks forward to the exploration year ahead.”

The technical contents of this release were approved by Mrs. Isabelle Robillard, M.Sc., P.Geo., an associate of Inlandsis Consultants s.e.n.c who is a Qualified Person as defined by National Instrument 43-101.

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 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

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 exploration of the New Windfall Properties, the entering into of any transaction and/or financing with any third parties 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.