- Entered into joint venture discussions on the Clayton Valley South lithium property
- Adjacent to Pure Energy Minerals (TSX.V-PE) and 1.5km away from Albemarle (NYSE-ALB) in the Esmeralda County area of Nevada, USA
Vancouver, BC / December 9, 2015 – Durango Resources Inc. (the “Company” or “Durango”) announces that further to the news release issued on November 23, 2015, the Company has entered into joint venture discussions on the Clayton Valley South lithium property which is located adjacent to Pure Energy Minerals (TSX.V-PE) and 1.5km away from Albemarle (NYSE-ALB) in the Esmeralda County area of Nevada, USA.
The East Fault Property is a 2,460 acre property which adjoins Pure Energy’s eastern border of their Clayton Valley property which has an inferred resource of 816,000 metric tonnes of lithium carbonate equivalent. The East Fault Property includes eleven kilometers (7 miles) of the East Fault, 3.5 kilometers (2.2 miles) of the E-2 Fault, and eight
+6kilometers (5 miles) of the (projected) 1,000 meter bedrock depth gravity contour (See Pure Energy NI 43-101 Technical Report, July 17, 2015).
According to the 1986 paper titled “Origin of the Lithium-Rich Brine, Clayton Valley, Nevada” by Joseph R. Davis, et al, the “highest lithium concentrations are found in brines produced from the tuff where it abuts the faults and forms a structural trap for the dense brines.” The report goes on to state that the most lithium-enriched brines lie near the bounding fault on the eastern side of the basin.
Although gravity surveys have not yet been performed over most of the property area, projection from an available gravity survey covering the adjacent Pure Energy property and part of the East Fault Property indicate that the lithium beds may extend to the East Fault. The East Fault claims comprise over 5 miles (8 km) of the (projected) 1,000 meter gravity contour line which can be viewed here:
http://www.durangoresourcesinc.com/wp-content/uploads/2015/12/DGO-gravity-sketch.jpg
The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a qualified person as defined by National Instrument 43-101.
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 ENTRE LES DISCUSSIONS JV sur le lithium ADJACENTS A L’ENERGIE PURE
Vancouver, Colombie-Britannique / TheNewswire 9 / Decembre 2015 – Ressources Durango Inc. ( la “Societe” ou ” Durango “) annonce que suite a la publication de nouvelles publie le 23 Novembre 2015 , la Societe a engage des discussions de coentreprise sur le Clayton propriete specifique au lithium sud de la vallee qui se trouve adjacente a Pure Energy Minerals ( TSX.V – PE) et 1,5 km de Albemarle ( NYSE – ALB ) dans la zone Esmeralda comte de Nevada, USA .
La faille de propriete East est une propriete de 2460 acres qui jouxte la frontiere orientale de Pure Energy de leur propriete Clayton Valley qui a des ressources inferees de 816,000 tonnes metriques de carbonate de lithium equivalent. La faille de propriete East inclut onze kilometres (7 miles) de la faille Sud, a 3,5 kilometres (2,2 miles) de la faille de E – 2, et huit 6 km (5 miles) de la (projetee) de 1000 metres de profondeur du substratum rocheux gravite contour (Voir Ni pur de l’energie Rapport technique 43-101, le 17 Juillet, 2015).
Selon l’article de 1986 intitule “l’Origine du lithium saumure riche, Clayton Valley, Nevada” par Joseph R. Davis, et al, les ” concentrations de lithium plus eleves se trouvent dans les saumures produites a partir du tuf ou il bute contre les defauts et forme une piege structurel pour les saumures denses. >> le rapport poursuit en indiquant que la plupart des saumures de lithium enrichi se trouvent pres de la faille de delimitation sur la cote orientale du bassin.
Bien que les enquetes de gravite n’a pas encore ete effectue sur la plupart de la region de la propriete, la projection d’un leve gravimetrique disponibles couvrant la propriete de Pure Energie adjacente et une partie de la faille de propriete East indiquent que les lits de lithium peuvent etendre a la faille de l’Est. Les revendications Fault -Orient representent plus de 5 miles ( 8 km) de la ( projetee ) 1000 ligne de contour compteur de gravite qui peut etre consulte ici:
http://www.durangoresourcesinc.com/wp-content/uploads/2015/12/DGO-gravity-sketch.jpg
Le contenu technique de ce communique de presse ont ete approuvees par M. Case Lewis, P.Geo., Une personne qualifiee tel que defini par 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.
