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Manitou Gold $MTU.ca Expands Gold Mineralization by 200 m Down-Plunge and 100 m Along Strike at Stover Zone $AGI.ca $OIII.ca $AR.ca $WDO.ca

Posted by AGORACOM-Eric at 7:57 AM on Thursday, April 15th, 2021

Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) is pleased to announce additional assay results from its ongoing 10,000 metre drill program on its 100% owned Goudreau Project located along the eastern portion of the regional Baltimore Deformation Zone (the “BDZ”) in Northeastern Ontario.

Highlights of drill results are from the Stover Zone, which is within the Company’s Goudreau Project, where the Company is reporting assay results from an additional three drill holes that significantly expand known gold mineralization along strike, to 400 metres, and down-plunge to 500 metres.

Highlights:

  • Step-down and step-out drilling at the Stover Zone expands gold mineralization to 400 metres along strike and to 500 metres down-plunge, the highlights of which include:

    • 5.5 m grading 2.5 g/t Au (starting at 525 m down-hole), including 2 m grading 3.7 g/t Au in hole MTU-21-12, within a wider intersection of 24.5 m grading 1.0 g/t Au, expanding gold mineralization by 200 m down-plunge;
    • 4.7 m grading 1.0 g/t Au (starting at 510 m down-hole) and including 2.3 m grading 1.6 g/t Au, within a wider intersection of 17.7 m at 0.5 g/t Au in hole MTU-21-13; and
    • 7.8 m grading 0.5 g/t Au (starting at 23.0 m down-hole) in hole MTU-21-11expanding the footprint of the mineralization at the Stover zone to 400 m along strike.
  • Follow-up drilling 1.2 kms east of the Stover Zone intercepted approximately 50 m of alteration, veining, and mineralization, similar to that of the Stover Zone, with results expected within two weeks.
  • Gold mineralization along the Stover Zone main shear has now been confirmed by drilling over a strike length of 2.2 kms. Continued drilling will test mineralization further along strike.
  • All gold zones encountered along the BDZ to date remainopen in all directions. Finalization and planning of new high priority drill targets along the 10 km of strike on the western part of the BDZ is scheduled for May 2021, with the drilling of the high priority targets expected to begin in June 2021.
  • Following the recent completion of the Company’s recent $5.0MM flow-through financing, the Company is fully funded for all planned and announced exploration activities.

“The continued intersection of significant gold values over tens of metres of thickness indicate that the regionalBDZ, which hosts our Goudreau Property, is a gold-endowed, crustal scale deformation zone. We are excited that we still have several exploration targets to test on the original Stover grid, which covers the eastern 4.5 km of the BDZ,” stated Richard Murphy, President and CEO of Manitou Gold. “Our geophysical surveys covering the western 10 kilometres of the BDZ are well under way. I expect that we will be ramping up our exploration drilling to test additional new targets in this area in the coming months.”

Read More: https://agoracom.com/ir/ManitouGold/forums/discussion/topics/759102-manitou-gold-expands-gold-mineralization-by-200-m-down-plunge-and-100-m-along-strike-at-stover-zone/messages/2312066#message

Manitou Gold $MTU.ca Announces Closing of $5,031,000 Private Placement, Strategic Investments by Alamos Gold and O3 Mining $AGI.ca $OIII.ca $AR.ca $WDO.ca

Posted by AGORACOM-Eric at 3:28 PM on Friday, April 9th, 2021

Manitou Gold Inc. (TSXV: MTU) (the “Company” or “Manitou”) is pleased to announce that it has closed its previously announced private placement (the “Offering”) pursuant to which it has issued an aggregate of 45,740,909 “flow-through” common shares (“FT Shares”) at a price of $0.11 per FT Share to raise aggregate gross proceeds of $5,031,500.

The Company also issued an aggregate of 1,381,864 broker warrants to certain eligible registrants assisting in the Offering, each entitling the holder to acquire one common share of the Company at a purchase price of $0.11 per share for a period of three years from the closing of the Offering.

An amount equal to the gross proceeds from the sale of the FT Shares will be used for expenditures which qualify as Canadian exploration expenses (“CEE”) and “flow-through mining expenditures” (within the meaning of the Income Tax Act (Canada)). The Company will renounce such CEE with an effective date of no later than December 31, 2021.

In connection with the Offering, Alamos Gold Inc. (TSX: AGI, NYSE: AGI) purchased an aggregate of 15,900,000 FT Shares from a third party to maintain its 19.9% interest in the Company (calculated on a partially diluted basis).  In addition, O3 Mining Inc. (TSX-V: OIII) participated in the Offering, as a result of which, it owns a 9.9% interest in the Company (calculated on a partially diluted basis).

Read More: https://agoracom.com/ir/ManitouGold/forums/discussion/topics/758805-manitou-gold-announces-closing-of-5-031-000-private-placement-strategic-investments-by-alamos-gold-and-o3-mining/messages/2311415#message

Manitou Gold $MTU.ca Intersects Wide Zones of Increasing Gold Mineralization in Stover Zone Step-Down Holes $AGI.ca $OIII.ca $AR.ca $WDO.ca

Posted by AGORACOM-Eric at 8:08 AM on Tuesday, March 9th, 2021
  • Main Shear Confirmed Along 2 km Strike Length
  • Drilling at Stover continues to intersect broad zones of gold mineralization
  • 3.0 m grading 4.0 g/t Au within a broader intersection of 49 m grading 0.7 g/t Au

Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) is pleased to announce additional assay results from its ongoing 10,000 metre drill program along the eastern portion of the Baltimore deformation zone (the “BDZ”) on its 100% owned Goudreau Project in Northeastern Ontario.

Highlights of drill results are from the Stover zone and newly identified extension zones, where the Company is reporting assay results from an additional eight drill holes completed in February of this year. Drilling is ongoing, with two diamond drill rigs currently testing the Stover zone and 28 other high priority targets on the eastern 4 kms of the 18 km length of the BDZ on Manitou property.

Highlights:

  • Drilling at Stover continues to intersect broad zones of gold mineralization down plunge of previously announced, shallow drill hole intersections, with highlights including:
    • 3.0 m grading 4.0 g/t Au within a broader intersection of 49 m grading 0.7 g/t Au (starting at 291 m down hole) in hole MTU-21-10, located approximately 200 metres down-plunge of hole MTU-20-56, which intersected 15 m grading 1.5 g/t Au, including 5.3 m at 2.7 g/t Au; and
    • 36.5 m grading 0.5 g/t Au (starting at 186.9 m down hole), including 4.4 m at 1.8 g/t Au in hole MTU-21-07, located 150 m up plunge of MTU-21-10.
  • Identified significant gold mineralization over widths of up to 12 m in step-out holes located 1.2 kms east and 600 m west of the Stover zone along the “Main shear”;
  • The Main shear has now been drill confirmed along 2 km of strike length.
  • All gold zones encountered along the BDZ to date remain open in all directions; additional drilling to test for higher grade shoots is ongoing. A second diamond drill is completing follow-up hole in the vicinity of the step-out drilling to determine the extent of gold mineralization in these new areas.
  • Aggressive step-down drill-hole underway with hole MTU-21-12, which targets the Stover zone 200 m down-plunge from the deepest intercept to date. Hole MTU-21-12 is an aggressive step-down drill hole which targets the mineralized zone at a vertical depth of approximately 450 metres.

“Our exploration thesis for the BDZ is that the orogenic gold environment proven up by our neighbours to the west is intact, with the main gold bearing sections beginning at depths of several hundred metres below surface. The deeper we have drilled on the Stover zone, the more confirmation we are getting in this regard. I am very optimistic about the ongoing hole MTU-21-12, which is testing 200 metres below our most recent, highest grade intersection to date,” stated Richard Murphy, President and CEO of Manitou Gold. “I am also looking forward to the results of our ongoing geophysical surveys, which are covering the western ten kilometres of the BDZ on Manitou Property. I expect that we will be ramping up our exploration drilling to test new targets in this area.”

Stover Zone

Today’s results from the Stover zone includes two drill holes collared 50 m and 200 m down-plunge of previously released drill holes, (see news release dated December 16, 2020 & news release January dated January 12, 2021) which intersected up to 39.9 m at 0.5 g/t in hole MTU-20-49, 0.8 g/t Au over 18.0 m, including 3.3 g/t Au over 2.1 m in hole MTU-20-52 and 15 m grading 1.5 g/t Au, including 5.3 m at 2.7 g/t Au in hole MTU-20-56.

Hole MTU-21-07 returned 36.5 m at 0.5 g/t Au (starting at 186.9 m down hole), including 4.4 m at 1.8 and Hole MTU-21-10 intersected 49 m at 0.7 g/t Au (starting at 291 m down hole), including 3.0 m at 4.0 g/t Au.

The new results demonstrate the down-plunge continuity of mineralization and validate the interpretation of steeply westerly plunging shoots. Drill results to date demonstrate the continuity of mineralization over a distance of 200 metres along strike and 350 metres down plunge.

The company is now completing an aggressive step-down drill hole which targets the mineralized zone at a vertical depth of approximately 450 metres and 200 metres down plunge of the deepest intercept to date.

Read More: https://agoracom.com/ir/ManitouGold/forums/discussion/topics/756875-manitou-gold-intersects-wide-zones-of-increasing-gold-mineralization-in-stover-zone-step-down-holes-main-shear-confirmed-along-2-km-strike-length/messages/2307185#message

Manitou Gold $MTU Provides Exploration Update on its 100% Owned Goudreau Project $AGI.ca $OIII.ca $AR.ca $WDO.ca

Posted by AGORACOM-Eric at 8:10 AM on Tuesday, February 23rd, 2021
  • Ongoing 10,000 m drill program along the southeastern segment of the Baltimore deformation zone
  • Focus of continued drilling is 10km of strike length along the BDZ
  • BDZ remains largely unexplored with only 4,400 m of historic drilling for gold
  • A 2nd diamond drill is testing new targets along 4km of the BDZ

Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) today provided an update on its ongoing 10,000 m drill program along the southeastern segment of the Baltimore deformation zone (the “BDZ”). Additionally, the Company has commenced a 300 line kilometer ground geophysical survey covering an additional 10 kilometers of strike length along the BDZ, which will be the focus of continued drilling.

The BDZ is an emerging crustal scale structural corridor that is the extension of the prolific Goudreau-Localsh deformation zone (the “GLDZ”), which hosts the majority of gold deposits in the northeastern Michipicoten greenstone belt. The BDZ is centrally located in the eastern half of the Company’s land package, which covers nearly 350 square kilometers.

Highlights:

  • The BDZ represents a crustal-scale fault system that is the key target for orogenic gold mineralization and the extension of the Goudreau-Localsh deformation zone, which hosts two multi-million ounce gold deposits.
  • The GLDZ has been tested with more than 1,000,000 m of diamond drilling for gold, whereas the BDZ remains largely unexplored with only 4,400 m of historic drilling for gold:

○ The cumulative drilling along GLDZ resulted in the discovery of 6 orebodies to date;

○ Recent results with intercepts of up to 15 m grading 1.5 g/t Au, including 5.3 m at 2.7 g/t Au in hole MTU-20-56 demonstrate that the BDZ is a fertile corridor for orogenic gold deposits;

○ The BDZ on Manitou ground covers an equivalent length and area as the GLDZ and provides abundant opportunity for discovery of multiple gold deposits.

  • The “Main Shear”, which dominates the central corridor of the BDZ and hosts the Stover zone, has been confirmed by drilling to be continuous for over 2 km:

○ Two step-out holes located approximately 600 m west and 1,200 m east along strike of hole MTU-20-49 (39.9 m at 0.5 g/t) display zones of deformation, alteration and mineralization similar to that of the Stover zone (assay results pending);

○ The Stover zone remains open in all directions; additional drilling to test for higher grade shoots is ongoing. The target mineralized zone has been intersected in three recent drill holes, for which assays are pending;

○ A second diamond drill is testing new targets along a 4 km portion of the BDZ.

Read More: https://agoracom.com/ir/ManitouGold/forums/discussion/topics/755875-manitou-gold-provides-exploration-update-on-its-100-owned-goudreau-project/messages/2304882

Durango $DGO.ca Begins Drilling at East Barry, Windfall Lake $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 10:45 AM on Wednesday, January 13th, 2021
  • Drilling is underway on its wholly owned East Barry property at Windfall Lake, Québec.

Durango Resources Inc.(TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) is pleased to announce that further to the news release of January 8, 2021, drilling is underway on its wholly owned East Barry property at Windfall Lake, Québec.

The purpose of the East Barry Property drilling is to test high priority exploration targets coincident with elevated till anomalies of up to 2.19 g/t gold and pristine gold grains in till trend.  The drilling commenced on schedule on the East Barry Property and has reached approximately 300m depth on the first hole so far.

Marcy Kiesman, CEO of Durango, stated, “The drill team from Faubert & Fils Inc. are off to a great start on the East Barry Property and are drilling faster than scheduled. We are excited to finally be testing the large target anomaly on the East Barry Property and searching for the source of the gold grains in till to create value for Durango’s shareholders.”

Read More: https://agoracom.com/ir/Durango/forums/discussion/topics/752929-durango-begins-drilling-at-east-barry-windfall-lake/messages/2297591#message

Durango $DGO.ca Drill on Site at East Barry, Windfall Lake $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 9:59 AM on Friday, January 8th, 2021
  • Durango has received drill permits for the East Barry claim block to test high priority targets
  • Drilling is scheduled to begin on January 11th with two exploration holes on the East Barry Property budgeted for depths of approximately 750m each.

Durango Resources Inc.(TSXV-DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) is pleased to announce that further to the news release of December 18, 2020, the drill and team from Faubert & Fils Inc. has arrived on site on its wholly owned East Barry property at Windfall Lake, Québec.

East Barry Property

Further to the news release of November 19, 2020, Durango has received drill permits for the East Barry claim block to test high priority targets coincident with high till anomalies of up to 2.19 g/t gold and pristine gold grains in till trend.  Now that weather conditions are favourable for access, a winter road has recently been built and a drill is on site at the East Barry Property. The drilling is scheduled to begin on January 11th with two exploration holes on the East Barry Property budgeted for depths of approximately 750m each.

Trove Property

To date, 2,100m has been drilled over nine holes on the Trove Property at an average depth of 233m.  Drilling on the Trove Property stopped before Christmas and Durango’s exploration crew has not been back to Windfall Lake yet in 2021 due to the Québec government Covid-19 restrictions. The Association de l’exploration Miniere du Québec (“AEMQ”) announced on January 6, 2021 that the government has made the decision to maintain mining activities, allowing exploration to continue in Québec.

Read More: https://agoracom.com/ir/Durango/forums/discussion/topics/752614-durango-drill-on-site-at-east-barry-windfall-lake/messages/2296658#message

Durango $DGO.ca Engages Additional Drill Company for Windfall Lake $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 9:30 AM on Friday, December 18th, 2020

Vancouver, BC – TheNewswire – December 18, 2020 – Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OT C :ATOXF), (the “ Company ” or “ Durango ”) is pleased to announce it has engaged an additional drill company for its exploration program on its wholly owned properties at Windfall Lake, Québec .

East Barry Property

Further to the news release of November 19, 2020, Durango has received drill permits for the East Barry claim block to test high priority targets coincident with high till anomalies of up to 2.19 g/t gold and pristine gold grains in till trend.  Now that weather conditions are favourable for preparing access, a drill has been commissioned to test a geophysical anomaly which also coincides with an artificial intelligence (“ AI ”) target. The Company has hired Faubert & Fils from Val d’Or, Québec, to complete several initial exploration drill holes on its East Barry Property.

Trove Property

To date, 1,700m has been drilled in eight holes on the Trove Property at an average depth of 213m.  Drilling is still continuing at the Trove Property with the drilling crew working on hole #9. As noted previously, the objective of the drill campaign is to test IP anomalies derived from previous exploration work.

The main lithologies observed in the drill holes are represented by mafic to intermediate volcanics, metasediments and felsic intrusives crosscut by quartz feldspar porphyry (“ QFP ”) and felsic dikes containing disseminated to semi-massive sulphides. Molybdenite, chalcopyrite and silver indicator alterations were also observed. The lithological contacts are marked by chlorite-epidote-carbonate alterations containing centimetric to decimetric mineralized quartz veins. The labs continue to be delayed and backed up due to extremely high quantities of samples they are receiving from multiple exploration companies and a shortage of personnel.

Durango’s high priority targets remain undrilled due the land condition caused by unseasonably warm weather, which has prevented the freezing required for access to the drill hole locations. Durango has 20 high priority holes planned for drilling on the Trove Property, between 200 and 800 meters deep, when the ground is sufficiently frozen to permit drill access.

Marcy Kiesman, CEO of Durango, stated, “The unseasonably warm weather has been challenging for our inaugural drill campaign on the Trove Property. We have completed initial drilling which will help our exploration team understand the local geology and structure in the area. As the weather in the area has recently become seasonably cold, we expect that our high priority targets will be drilled early in January. We are drilling in one of the best regions in Canada to find gold, we are fully financed and will continue to drill into 2021. We anticipate an exciting year ahead for Durango and 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 Trove Property has not yet been subject to an NI-43-101 report.

Trove Property, Québec

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, Québec. 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 currently undertaking its inaugural drill program.

East Barry Property, Québec

Durango owns 100% interest in the East Barry claims which run parallel to Trove claims. The East Barry block is over 7,740 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 Mining. In 2018, a till sampling program was conducted by Durango and one of the till samples returned forty-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 Québec , 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.com

Gold Miners Free Cash Flow Yield Turns Positive SPONSOR: Durango Resources $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 12:07 PM on Tuesday, November 24th, 2020
http://blog.agoracom.com/wp-content/uploads/2020/09/DGO-Small-square.png

sponsor: 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

Crescat November Research Letter:

Gold & Silver Miners Turn Over a New Leaf:

  • Top 50 largest gold and silver miners have had five straight quarters of positive free cash flow for the first time in the last three decades.
  • Gold and silver mining companies are the real beneficiaries of today’s macro environment with strong balance sheets, high growth, and still incredible undervaluation.

One of the few areas of the equity market that is meaningfully improving fundamentally is the precious metals mining industry. With gold and silver prices at their current levels, these companies are set to massively expand their margins. This is indeed a new phenomenon for the miners. After 25 years of constantly losing money and regrettably creating a long-standing reputation of being capital destroyers, this industry is becoming one of the most disciplined and profitable businesses in the global economy today. In fact, the median stock among top 50 largest gold and silver miners has had five straight quarters of positive free cash flow for the first time in the last three decades. We believe this is only the beginning. These stocks are becoming new cash flow machines with the strong support of precious metals prices moving higher. Gold and silver mining companies are the real beneficiaries of today’s macro environment with strong balance sheets, high growth, and still incredible undervaluation.

Risk Parity Exhaustion

Among all the demand drivers for gold, we view the lack of competing cheap assets being a major one. For the first time in history, junk bonds and stocks are record overvalued in tandem. We have only seen the exact opposite of this. That was in the Global Financial Crisis when US equities and corporate bonds both hit rock bottom. This time, we are on the other side of the coin. Both sides of the so-called risk parity strategy, stocks and bonds, are at extreme valuations. In a world of near zero to negative yields and frothy valuations across almost every risky asset, it will become imperative for investors to seek out undervalued assets that are true beneficiaries of the current macro environment. In our view, precious metals are poised to become the new core must-have asset for capital allocators. Gold and silver are risk-off alternatives to bonds in the portfolios of prudently minded investors in today’s market. At the same time, attractively priced, high-growth gold and silver mining companies serve to ignite the animal spirits of traders and investors looking for a risk-on alternative to overvalued, low-growth stocks at large.

source: https://www.crescat.net/crescat-november-research-letter/

Durango $DGO.ca Provides Update on Windfall Lake Drill Campaign $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 9:32 AM on Thursday, November 19th, 2020

Durango Resources Inc.(TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango“) is pleased to provide an update on the exploration program on its wholly owned Trove Property and East Barry Property at Windfall Lake, Quebec.

Trove Property

To date, 1,047m have been drilled in six holes on the Trove Property at an average depth of 174m. The objective of the drill campaign is to test IP anomalies derived from previous exploration work on the Trove Property. The Company is satisfied that the induced polarization (“IP“) target zones have been intersected as planned on the first six holes. Further, approximately 1,000 samples are pending assays at the labs. The samples were submitted to the labs in batches as they were collected, and are expected to be completed soon.

Unseasonably wet and warm weather in the Windfall area has proved challenging for moving the drill between holes at Trove. The weather provided the exploration team an opportunity to take a short break which also helped to reduce the back log with the labs (currently up to 45 day turn around) before the scheduled resumption of drilling expected on Monday, November 23, 2020. Another six high priority holes are planned on the Trove Property to test coincident geophysical and geochemical anomalies beginning on Monday.

East Barry Property

Durango has recently submitted drill permit applications for the East Barry claim block to test a high priority target coincident with high till anomalies of up to 2.19 g/t gold and pristine gold grains in till trend. As soon as the weather conditions are favourable for access, a drill will be commissioned to East Barry to test a geophysical anomaly which aligns with an artificial intelligence (“AI“) target.

Marcy Kiesman, CEO of Durango, stated, “While the warm weather was helpful for Durango’s exploration crew expanding the ground exploration program onto the East Barry Property this past month, it has created challenges for drilling on the Trove Property. Our team has been successful working on three of the four IP grids and drilling six of the high priority holes as planned on the Trove Property thus far. Our team was also effective in completing surface work on the East Barry Property which provided a compelling case for test drilling in an area with a known AI target. We look forward to continued drilling into the winter months and releasing the assay results as they become 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 Trove Property has not yet been subject to an NI-43-101 report.

Trove Property, 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 currently undertaking its inaugural drill program.

East Barry Property, Quebec

Durango owns 100% interest in the East Barry claims which run parallel to Trove claims. The East Barry block is over 7,740 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 Mining. In 2018, a till sampling program was conducted by Durango and one of the till samples returned forty-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.

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.com

AGORACOM Small Cap 60: Durango Resources (DGO:TSXV) Drilling The Trove Property in Windfall Lake Adjoining Osisko $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 9:53 AM on Wednesday, November 18th, 2020
http://blog.agoracom.com/wp-content/uploads/2020/09/DGO-Small-square.png

Highlights:

  • Maiden Drill program underway at Trove
  • Located in Windfall Lake gold District
    • Surrounded by Osisko
  • 100% interest in the Trove and East Barry claims
  • Currently the most active gold exploration camp in Canada
    • 21 drill rigs onsite at Windfall in 2020
  • 40% Inside Ownership
    • Marcy Kiesman, President & CEO owns 16%
  • Positioned for Discovery