- Announced that on November 28, 2016 its neighbor to the west, Nemaska Lithium Inc. (T-NMX) provided details on its newly discovered Doris zone on its Whabouchi lithium project
- Doris zone contains 5 interconnected dykes and has now been confirmed on 420m of lateral extension and up to a maximum depth of 440m where it joins the main dyke
Vancouver, BC / November 30, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that on November 28, 2016 its neighbor to the west, Nemaska Lithium Inc. (T-NMX) provided details on its newly discovered Doris zone on its Whabouchi lithium project.
As stated in Nemaska Lithium’s news release dated November 28, “…the Doris zone contains 5 interconnected dykes and has now been confirmed on 420m of lateral extension and up to a maximum depth of 440m where it joins the main dyke. The Doris zone starts in the southwest and is open along strike to the northeast. Doris appears to run parallel to main zone which extends for 1.2km to the northeast.” (1)
Durango’s 100%-owned NMX East ground adjoins the eastern boundary of the Whabouchi property, where the Doris zone remains open, and lies less than 1.5km from the proposed Whabouchi pit. Durango’s geological team identified a pegmatite intrusion at NMX East running parallel to Nemaska Lithium’s main zone which returned anomalous lithium and rubidium values. (2)
The Company has renewed the strategically located NMX East claims for an additional two years and intends to begin stripping and/or drilling of the pegmatite targets in the new year to determine the full extent of the intrusive bodies. Durango met with drilling contractors at the Quebec Mines convention in Quebec City last week, as announced on November 21, 2016, and will announce further details as they become available.
A map of Durango’s NMX East property in relation to the Whabouchi lithium deposit is available on the Durango Resources website:
http://www.durangoresourcesinc.com/projects/nmx-east-quebec/
Marcy Kiesman, CEO of Durango stated, “LCT pegmatite intrusions are known to occur in groups spanning tens of square kilometres. Considering the proximity of the NMX East lithium-bearing pegmatite intrusions to the Whabouchi deposit, we see a great amount of potential for discovery on our ground.”
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.
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.
References
- (1)Nemaska Lithium Inc. news release dated November 28, 2016.
- (2)Durango Resources Inc. news release dated September 21, 2016
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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