- Company providing update in relation to its grant from the Institut National de la Recherche Scientifique of Quebec for the deep geophysical surveys on Durango’s wholly owned Decouverte property
- The INRS grant on the Decouverte property was used to focus on defining the electromagnetic (EM) anomalies from Durango’s Dighem airborne survey, which may be indicative of massive sulphide mineralization
Vancouver, BC / November 30, 2015 – Durango Resources Inc. (the “Company” or “Durango“) is pleased to provide an update in relation to its grant from the Institut National de la Recherche Scientifique (“INRS”) of Quebec for the deep geophysical surveys on Durango’s wholly owned Decouverte (Discovery) property.
The Decouverte property is located in the Frotet-Evans greenstone belt in northern Quebec approximately 100 km to the northwest of the town of Chibougamau, neighbouring on the east side of Osisko Gold’s Assinica property (TSX-OR), 10km southwest of Beaufield Resources Inc.’s Troilus-Tortigny Property (TSX.V-BFD) and 60 km to the southwest of the former-producing Troilus mine.
The INRS grant on the Decouverte property was used to focus on defining the electromagnetic (EM) anomalies from Durango’s Dighem airborne survey, which may be indicative of massive sulphide mineralization. The field exploration program conducted in November 2015 included magnetometric, gravimetric and audiomagnetotellurics surveys along kilometer long sections which intersected different geological structures of interest for mineral exploration.
One section examined, crosses a magnetic high and a strong conductor hosted in a basaltic unit which is probably hosting an iron formation or possibly volcanogenic mineralization. Preliminary interpretation of the audiomagnetotellurics data shows distinct geolectric features up to 2,000m (depth).
Rock sampling was conducted to allow for petrophysics laboratory study on the Decouverte rocks. All geophysical, petrophysical and geological data will be examined over the next few months and will be used to develop a model of the deep geology of the property. Additional information will be released as it becomes available.
Marcy Kiesman, CEO, states, “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. It is noteworthy that there are three important massive sulphide showings to the west (Fallara, Rapides Assinica and Lucky Strike) and to the East there are VMS deposits with proven resources (Tortigny, Lessard, De Maures, Moleon). Osisko neighbours to the west of Decouverte and is also exploring mindful that VMS deposits often occur in clusters which means the discovery of one may indicated 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.
PHASE I travaux geophysiques au PROPRIETE DECOUVERTE REMPLI
Vancouver, Colombie-Britannique / TheNewswire / Novembre 30, ici a 2015 – Ressources Durango Inc. (la “Societe” ou “Durango”) est heureuse de fournir une mise a jour par rapport a sa subvention de l’Institut national de la recherche scientifique (<<INRS>>) de Quebec pour les leves geophysiques profondes sur Decouverte (Discovery) la propriete a part entiere de Durango.
La propriete Decouverte est situe dans la ceinture de roches vertes de Frotet-Evans dans le nord du Quebec a environ 100 km au nord-ouest de la ville de Chibougamau, voisin sur le cote est de la propriete Assinica d’Osisko Gold (TSX-OR), 10 km sud-ouest de Beaufield Resources Inc. Troilus-Tortigny propriete (TSX.V-BFD) s >>et a 60 km au sud-ouest de l’ancienne mine Troilus-production.
La subvention de l’INRS sur la propriete Decouverte a ete utilise pour se concentrer sur la definition des electromagnetique (EM) des anomalies de l’enquete Dighem aeroportee de Durango, qui peut etre indicatif de mineralisation de sulfures massifs. Le programme d’exploration sur le terrain menee en Novembre 2015 inscrits, les etudes gravimetriques et magnetometriques audiomagnetotellurics long kilometre de long qui a recoupe sections differentes structures geologiques d’interet pour l’exploration miniere.
Une section a examine, traverse une haute magnetique et un conducteur forte heberge dans une unite basaltique qui est sans doute l’hote d’une formation de fer ou la mineralisation volcanogene eventuellement. L’interpretation preliminaire des donnees montre geolectric audiomagnetotellurics distincte offre jusqu’a 2000 m (profondeur).
Echantillonnage de roches a ete realisee pour permettre l’etude de laboratoire petrophysique sur les rochers Decouverte. Toutes les donnees geophysiques, petrophysiques et geologiques seront examinees au cours des prochains mois et seront utilises pour developper un modele de la geologie profonde de la propriete. Des informations supplementaires seront rendues publiques des qu’elles seront disponibles.
Marcy Kiesman, chef de la direction, les etats, “La propriete decouverte reste un projet convaincant pour Durango en raison de son environnement volcano-sedimentaire et la geologie structurale qui augmente le potentiel pour une medaille d’or significative et / ou gisement de SMV. Il est a noter qu’il ya trois importante massif occurrences de sulfures a l’ouest (Fallara, Rapides Assinica et Lucky Strike) et a l’Est il ya des gisements de SMV avec des ressources prouvees (Tortigny, Lessard, de Maures, Moleon). Voisins Osisko a l’ouest de decouverte et explore egalement conscient que VMS depots se produisent souvent en grappes qui signifie que la decouverte de l’un peut a indique qu’il y en a d’autres a proximite.”
L’information technique contenue dans ce communique de nouvelles a ete examine et approuve par Marc Richer-Lafleche, geologue QC, une personne qualifiee tel que defini dans la Norme canadienne 43-101.
A propos Decouverte
La propriete est decouverte dans la ceinture de roches vertes de Frotet-Evans environ 60 kilometres au sud-ouest de l’ancienne mine Troilus de cuivre-or, qui a produit plus de deux millions onces d’or et 50.000 tonnes Cu de 1997 a 2010. La propriete couvre environ 5900 hectares couvrant un pli synclinal nez d’unites archeennes sectionnes par une zone de cisaillement majeure direction nord-est. Durango a effectue une heliporte Dighem EM / magnetique du leve geophysique aeroporte sur la propriete en 2011 (NR 24 novembre 2011) et de la geochimie des sols et de prospection en 2013 et 2014 domaines ciblant identifie dans le leve aeroporte. Le contexte geologique est principalement volcanites mafiques (basaltes / andesites), dans des endroits fortement cisaillees, coupees par des unites pegmatitiques granitiques et sedimentaires significative, l’oxyde et le sulfure de fer au facies des unites de formation. Alteration y compris la silice, sericite et de carbonate de fer est note. Les valeurs du sol importantes comprises 174 ppb d’or, 0,66 ppm d’argent, 150 ppm de nickel, de 200 ppm de cuivre et 240 ppm de baryum. Chip echantillons / canal de rock ont donne des valeurs de 7,6 g / t d’or et 6,24 g / t d’or heberge dans des veines de quartz etroites dans volcanites mafiques, dans la zone de contact avec le granite pegmatitiques. La propriete est situee a 100 kilometres au nord de Chibougamau, Quebec et les avantages d’une infrastructure favorable, y compris l’accessibilite routiere, etant de 10 kilometres de la route du Nord, et une ligne electrique qui traverse la propriete.
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 in Quebec, 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
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 timing of mineral resource estimates, future exploration or project development programs, execution of a definitive agreement, raising of funds, obtaining regulatory approvals 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.