- Announces further historical information on its 100%-owned NMX East Project, located near Nemaska Lithium Corp.’s (TSX.V-NMX) Whabouchi property in northern Quebec
- Approximately 250 metres north of the eastern claim block of Durango’s NMX East Project, an outcrop was sampled during the sampling program which returned anomalous Ta, Nb, and Sm values
Vancouver, BC / April 7, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces further historical information on its 100%-owned NMX East Project, located near Nemaska Lithium Corp.’s (TSX.V-NMX) Whabouchi property in northern Quebec.
In 2011, Tucana Lithium Corp. (“Tucana”) commissioned an NI 43-101 Technical Report which summarized work completed by Nemaska Exploration Inc. (now Nemaska Lithium Corp.) (“Nemaska”) on behalf of Tucana. (1)
According to the report, in the summer of 2011, mapping was conducted in the northern half of the eastern claim block of Durango’s NMX East property, which identified a pegmatite intrusion situated roughly 2 kilometres northeast along strike from the resource at Nemaska Lithium Corp’s Whabouchi property. The mapped pegmatite strikes northeast across Durango’s entire claim block (~1,200 metres) and may be up to 500 metres wide based on mapping extent. Seven (7) grab samples were taken in and around the pegmatite, however these did not yield anomalous lithogeochemical assay values. (1) *
Approximately 250 metres north of the eastern claim block of Durango’s NMX East Project, an outcrop was sampled during the sampling program which returned anomalous Ta, Nb, and Sm values. This pegmatite is also roughly on strike with the Whabouchi resource. Tucana’s technical report recommends that this target be more thoroughly investigated. (1) *
* The Company cautions that grab samples are selective and may not be representative of the mineralization on the property.
According to the historic report, all samples were grab samples and were analyzed by ALS Minerals, Val-d’Or (Quebec). The analytical methods used correspond to ALS code PGM-ICP23, ME-ICP41, ME-MS81, Li-OG63 and Be-ICP61. The two first codes were only used on three samples to detect precious and base metals; the other three methods were used for the remaining 36 samples. (1)
President Marcy Kiesman stated, “We are pleased that these historically mapped pegmatites may in fact cover up to 1.2km of Durango’s property, providing us with an excellent target area for upcoming surface sampling, VLF survey, and future drilling.”
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 yet been the subject of a National Instrument 43-101 report.
References
- (1)Theberge, D. (2011). NI 43-101 Technical Report Pertaining to the Abigail Property, Nemiscau Area, Northern Quebec, Canada, prepared for Tucana Lithium Corp.
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, 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 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.
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