- Company provides update on its NMX East property, located adjacent to Nemaska Lithium Inc.’s rapidly advancing project located in the Eeyou Istchee / James Bay area of Quebec
- Completed an evaluation of historical data available on its NMX East claims and has defined a series of priority targets, which it believes may be prospective for lithium mineralization
- Intends to launch a limited reconnaissance program in the coming months to test for the potential for lithium-bearing pegmatite occurrences at these new targets
Vancouver, BC / February 10, 2016 – Durango Resources Inc. (the “Company” or “Durango”) is pleased to report an update on its NMX East property, located adjacent to Nemaska Lithium Inc.’s rapidly advancing project located in the Eeyou Istchee / James Bay area of Quebec.
The Company has completed an evaluation of historical data available on its NMX East claims and has defined a series of priority targets, which it believes may be prospective for lithium mineralization. These targets are located primarily on its eastern claim block, located 1,200 metres east of Nemaska’s Whabouchi Lithium Deposit. Durango intends to launch a limited reconnaissance program in the coming months to test for the potential for lithium-bearing pegmatite occurrences at these new targets.
Durango’s NMX East property encompasses areas of topographic highs which may correlate with similar areas of high relief associated with nearby pegmatite intrusions, most notably at the Whabouchi Lithium Deposit, 1,200 metres to the west of Durango’s claim, as well as various other historically mapped pegmatite intrusions in the area (SIGEOM, Quebec Geologic Map, 2012 ed). LCT pegmatite intrusions, such as the Whabouchi pegmatite dike swarm, are known to occur in groups consisting of tens to hundreds of individuals and cover areas up to a few tens of square kilometres (USGS open file 2013-1008).
The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report.
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.
DURANGO commentaires donnees sur NMX est la propriete, definit des cibles d’EXPLORATION
Vancouver, CB / TheNewswire / 10 fevrier 2016 – Durango Resources Inc. (le “Company”ou “Durango”) est heureux d’annoncer une mise a jour sur sa propriete de NMX East, situe a cote de projet essor rapide de Nemaska Lithium Inc., situe dans l’Eeyou Istchee / region de la baie James du Quebec.
La societe a termine l’evaluation de donnees historiques disponibles sur ses demandes de NMX East et a defini une serie de cibles prioritaires, dont il croit peut etre prospective pour la mineralisation de lithium. Ces cibles sont situees principalement sur son bloc de reclamation orientale, situe a 1 200 metres a l’est du gisement de Lithium Whabouchi de Nemaska. Durango a l’intention de lancer un programme de reconnaissance limitee dans les prochains mois pour tester le potentiel d’occurrences de pegmatite lithium-palier a ces nouveaux objectifs.
NMX est propriete de Durango englobe les zones des hauts topographiques qui peuvent etre correles avec des domaines similaires de haut-relief associee est proche des intrusions de pegmatite, plus particulierement au gisement de Lithium Whabouchi, 1 200 metres a l’ouest de la reclamation de Durango, ainsi que divers autres mappe historiquement des intrusions de pegmatite dans le domaine (SIGEOM, Quebec carte geologique, ed 2012). Les intrusions de pegmatite LCT, tels que le Whabouchi pegmatite essaim de dykes, sont connus pour se produire dans des groupes composes de dizaines a des centaines de personnes et couvrent des domaines jusqu’a quelques dizaines de km2 (USGS ouvrir fichier 2013-1008).
Le contenu technique de cette version ont ete approuve par M. Case Lewis, geo., un technicien qualifie tel que defini par la norme canadienne 43-101. La propriete n’a pas fait l’objet d’un rapport de la norme canadienne 43-101.
A propos de Durango
Durango est une societe des ressources naturelles engagee dans l’acquisition et l’exploration de proprietes minieres. La Societe a un interet de 100% dans la fortune et Smith Island proprietes de calcaire de la Mayner du nord-ouest Colombie-Britannique, la decouverte et de proprietes auriferes Trove dans la region de l’Abitibi au Quebec, et la propriete de lithium NMX Est, pres de la mine Whabouchi au Quebec, ainsi que trois jeux de revendications dans le couloir de nickel du Labrador.
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 timing of mineral resource estimates, future exploration or project development programs 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.
Tags: #mining, #smallcapstocks, $TSXV, lithium