- Offered additional ground for purchase in the Windfall Lake Gold Camp area
- Certain of such properties adjoin property held by Osisko Mining who just announced on completion of an $82M equity financing while other properties offered adjoin property held by Beaufield Resources
Vancouver, BC / March 1, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that it has been offered additional ground for purchase in the Windfall Lake Gold Camp area. Certain of such properties adjoin property held by Osisko Mining who just announced on February 28, 2017 the completion of an $82M equity financing while other properties offered adjoin property held by Beaufield Resources.
Marcy Kiesman CEO of Durango stated, “This past February over $100M dollars in financings have been announced by four major companies in the Windfall Lake area. This activity has increased the attention of the discussions regarding our Trove Property, and management is continuing discussions with third parties in respect of a potential transaction; however, we would like to emphasize that Durango has not reached any agreements at this point in time. Management will advise when and if any agreement is reached. We look forward to what appears to be an exciting year ahead and will continue to work diligently to bring value to our shareholders.”
Further to the news of February 13th, 2017, Durango has agreed to pay a finder’s fee to an arm’s length party of 100,000 common shares in relation to the Industrial Mineral transaction in accordance with and subject to the policies and approval of the TSX Venture Exchange.
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 sale of the Trove or any other properties held by Durango, the entering into of any transaction 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.