- Announced an update on historic research on its 100%-owned Whitney Northwest claims near Timmins, Ontario
- Research into historic drilling on the property has revealed that four of the reverse circulation holes drilled on the property for the purposes of till sampling were reported to intersect possible mafic metavolcanics at their termini
- Marcy Kiesman, CEO of Durango, comments, “…research has indicated promising targets for gold mineralization at Durango’s Whitney NW project were also identified but never drilled….”
Vancouver, BC / May 16, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce an update on historic research on its 100%-owned Whitney Northwest claims near Timmins, Ontario. Based on this new research, Durango has outlined a series of new targets for its upcoming exploration program.
Research into historic drilling on the property has revealed that four of the reverse circulation holes drilled on the property for the purposes of till sampling were reported to intersect possible mafic metavolcanics at their termini (3). Metavolcanics are a known host to mineralization at both the Bell Creek Mine, located 3.5 kilometres to the southeast, and the Whitney property, located 6 kilometres to the southeast. These drill holes were targeting the till layer and only penetrated up to 1-2 metres into the underlying bedrock (3). Therefore, the true thickness of these metavolcanic units is yet unknown.
At the nearby Bell Creek Mine, gold mineralization occurs near or along mafic to ultramafic contact zones, and within the mafic volcanic sequence (1). Similarly, at the Whitney property, the Hallnor and Broulan Reef deposits straddle the unconformity between Timiskaming assemblage metasediments to the south, and Tisdale assemblage metavolcanics to the north. Gold mineralization at the Whitney property is associated with several styles of vein structures and as minute gold inclusions in sulphide minerals at or near the contact between the Timiskaming sediments and mafic to ultramafic volcanic rocks (2).
Furthermore, analysis of the historic till sampling results has shown that 10 out of the 34 holes drilled in the till sampling program returned gold values in till intervals directly overlying the bedrock, including the significant till sample which assayed 15.0 g/t Au over a 2.6 metre interval. (3)(4)
Marcy Kiesman, CEO of Durango, comments, “Durango continues to provide shareholders with opportunities for discovery. Research of past work identified the ground had been held and worked by Moneta Porcupine mines for several decades, and significant gold results in till were returned. Now, research has indicated promising targets for gold mineralization at Durango’s Whitney NW project were also identified but never drilled. It is a high priority for us to determine the true thickness of these potential metavolcanic intervals and to determine their viability as a host to mineralization.”
The technical contents of this release were approved 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.
References
- (1)Kallio, E., Vaz, N. (2015). NI 43-101 Technical Report, Updated Mineral Reserve Estimate for Bell Creek Mine, Hoyle Township, Timmins, Ontario, Canada. March, 2015.
- (2)P & E Mining Consultants Inc. (2014). Technical report and resource estimate on the Upper Hallnor, C-Zone, and Broulan Reef Deposits, Whitney Gold Property, Timmins, Ontario, Canada.
- (3)Yungwirth, F.P. (1989). Moneta Porcupine Mines Inc – Report on reverse circulation overburden drilling – MGM-87 Project – Goose Lake Claims.
- (4)See Durango Resources Inc. news release dated April 15, 2016.
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 certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, 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 the development, commencement and completion of 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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