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Durango Provides Update On Properties in Windfall Lake Area $DGO.ca

Posted by AGORACOM-JC at 7:01 AM on Monday, March 13th, 2017

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  • Announces technical specifications on its Trove Property that is currently under negotiation as well as the additional property in the area that was recently acquired by Durango

Vancouver, BC / March 13, 2017 – Durango Resources Inc. (TSX.V-DGO) (OTC-ATOXF), (the “Company” or “Durango”) announces technical specifications on its Trove Property that is currently under negotiation (the “Trove Property”) as well as the additional property in the area that was recently acquired by Durango (the “New Windfall Property”).

Previous exploration work conducted by Durango on the Trove Property included a VLF-EM survey and a detailed humus grid sampling of 1046 samples. NE-SW trending conductors were identified and a strong anomalous gold signal was defined from the humus survey in the SW portion of the property, about 160 m from an NE-SW regional fault crossing the Trove Property. This anomalous gold signal consists of three contiguous anomalous gold values, including 171 ppb Au, which is the highest assayed gold value that was returned from the humus sampling1.

The Trove Property lies in a highly favorable area of the Windfall Lake Gold camp and is almost entirely enclosed by Osisko Mining’s (TSX-OSK) ground. Per Durango’s map, several Osisko till anomalies are adjacent to Trove Property, three of which are located down-ice, indicating a possible source inside the limits of the Trove Property. A multi-element statistical approach is needed to enhance the interpretation of the humus soil sampling survey.

Durango’s recent acquisition of the New Windfall Property announced on March 6th, 2017 is located 2.5 km east of the Trove Property and adjoins the southern limit of Osisko’s ground. A limited amount of exploration work has been conducted over this ground which totals an area of over 2,000 hectares. The New Windfall Property is located within 1.5 km of the regional NE-SW faults extending from the Gladiator project of Bonterra Resources. A Power line is crossing the central portion of the claim block and several lakes and rivers are present, which may facilitate the access for future exploration works. Topography indicates that the area could be suitable for a till survey, as a first step to outline future targets. An additional 600 hectares is located to the west of the Trove Property and to the south.

Marcy Kiesman, CEO of Durango stated, “Durango has been positioned for discovery in the Windfall Lake area since 2010 with positive indicators on the Trove Property and our recently-acquired New Windfall Property in the area. Durango looks forward to an exciting year ahead and is working diligently to bring additional value to our shareholders.”

The technical contents of this release were approved by Mrs. Isabelle Robillard, M.Sc., P.Geo., an associate of Inlandsis Consultants s.e.n.c who is a Qualified Person as defined by National Instrument 43-101.

Reference
(1) Bedard, E. 2011, Technical Report on the Geological mapping, soil sampling and the geophysical survey of the Trove Property. 161 p.

About 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.

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 acquisition of additional ground, the sale of the Trove Property or any other properties held by Durango, the entering into of any transaction with any third parties, exploration results on the Trove Property or the New Windfall Property 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.

Vancouver, BC / March 13, 2017 – Durango Resources Inc. (TSX.V-DGO) (OTC-ATOXF), (the “Company” or “Durango”) announces technical specifications on its Trove Property that is currently under negotiation (the “Trove Property”) as well as the additional property in the area that was recently acquired by Durango (the “New Windfall Property”).

Previous exploration work conducted by Durango on the Trove Property included a VLF-EM survey and a detailed humus grid sampling of 1046 samples. NE-SW trending conductors were identified and a strong anomalous gold signal was defined from the humus survey in the SW portion of the property, about 160 m from an NE-SW regional fault crossing the Trove Property. This anomalous gold signal consists of three contiguous anomalous gold values, including 171 ppb Au, which is the highest assayed gold value that was returned from the humus sampling1.

The Trove Property lies in a highly favorable area of the Windfall Lake Gold camp and is almost entirely enclosed by Osisko Mining’s (TSX-OSK) ground. Per Durango’s map, several Osisko till anomalies are adjacent to Trove Property, three of which are located down-ice, indicating a possible source inside the limits of the Trove Property. A multi-element statistical approach is needed to enhance the interpretation of the humus soil sampling survey.

Durango’s recent acquisition of the New Windfall Property announced on March 6th, 2017 is located 2.5 km east of the Trove Property and adjoins the southern limit of Osisko’s ground. A limited amount of exploration work has been conducted over this ground which totals an area of over 2,000 hectares. The New Windfall Property is located within 1.5 km of the regional NE-SW faults extending from the Gladiator project of Bonterra Resources. A Power line is crossing the central portion of the claim block and several lakes and rivers are present, which may facilitate the access for future exploration works. Topography indicates that the area could be suitable for a till survey, as a first step to outline future targets. An additional 600 hectares is located to the west of the Trove Property and to the south.

Marcy Kiesman, CEO of Durango stated, “Durango has been positioned for discovery in the Windfall Lake area since 2010 with positive indicators on the Trove Property and our recently-acquired New Windfall Property in the area. Durango looks forward to an exciting year ahead and is working diligently to bring additional value to our shareholders.”

The technical contents of this release were approved by Mrs. Isabelle Robillard, M.Sc., P.Geo., an associate of Inlandsis Consultants s.e.n.c who is a Qualified Person as defined by National Instrument 43-101.

Reference
(1) Bedard, E. 2011, Technical Report on the Geological mapping, soil sampling and the geophysical survey of the Trove Property. 161 p.

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.

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 acquisition of additional ground, the sale of the Trove Property or any other properties held by Durango, the entering into of any transaction with any third parties, exploration results on the Trove Property or the New Windfall Property 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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Durango Attends Meetings at PDAC & Windfall Lake Aquisition $DGO.ca

Posted by AGORACOM-JC at 8:00 AM on Monday, March 6th, 2017

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  • Announced that Company representatives are attending the Prospectors & Developers Association of Canada (PDAC) convention this week to meet with potential financiers, parties interested in the Trove project, and with a professional geologist executive who has been involved with several successful exploration companies

Vancouver, BC / March 6, 2017 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTC-ATOXF), (the “Company” or “Durango”) announces that Company representatives are attending the Prospectors & Developers Association of Canada (PDAC) convention this week to meet with potential financiers, parties interested in the Trove project, and with a professional geologist executive who has been involved with several successful exploration companies.

The Company would also like to announce the acquisition of additional ground in the Windfall Lake gold area. The property is in the Windfall Lake Gold Camp area and is over 2,600 hectares and adjoins property held by Osisko Mining, who just announced on February 28, 2017, the completion of an $82M equity financing. The terms of the 100% purchase agreement are $10,000 cash on signing, and 1,000,000 common shares to be issued upon TSX Venture Exchange approval. Finder’s fees of up to 100,000 common shares may be payable subject to TSX Venture Exchange approval. There is no NSR on this property.

Marcy Kiesman CEO of Durango stated, “The recent news by other juniors charging into the area suggested that Durango should act on acquiring the strategically located ground offered to the company. This past February over $100M dollars in financings have been announced by four major companies in the Windfall Lake area. We look forward to what appears to be an exciting year ahead and will continue to work diligently to bring value to our shareholders.”

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.

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 acquisition of additional ground, the sale of the Trove or any other properties held by Durango, the entering into of any transaction and/or financing with any third parties 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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Durango Offered Additional Ground In Windfall Lake Area $DGO.ca

Posted by AGORACOM-JC at 9:19 AM on Wednesday, March 1st, 2017

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  • Offered additional ground for purchase in the Windfall Lake Gold Camp area
  • Certain of such properties adjoin property held by Osisko Mining who just announced on completion of an $82M equity financing while other properties offered adjoin property held by Beaufield Resources

Vancouver, BC / March 1, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that it has been offered additional ground for purchase in the Windfall Lake Gold Camp area. Certain of such properties adjoin property held by Osisko Mining who just announced on February 28, 2017 the completion of an $82M equity financing while other properties offered adjoin property held by Beaufield Resources.

Marcy Kiesman CEO of Durango stated, “This past February over $100M dollars in financings have been announced by four major companies in the Windfall Lake area. This activity has increased the attention of the discussions regarding our Trove Property, and management is continuing discussions with third parties in respect of a potential transaction; however, we would like to emphasize that Durango has not reached any agreements at this point in time. Management will advise when and if any agreement is reached. We look forward to what appears to be an exciting year ahead and will continue to work diligently to bring value to our shareholders.”

Further to the news of February 13th, 2017, Durango has agreed to pay a finder’s fee to an arm’s length party of 100,000 common shares in relation to the Industrial Mineral transaction in accordance with and subject to the policies and approval of the TSX Venture Exchange.

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.

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 acquisition of additional ground, the sale of the Trove or any other properties held by Durango, the entering into of any transaction with any third parties 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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Durango Announces Adoption Of Advance Notice Policy $DGO.ca

Posted by AGORACOM-JC at 4:57 AM on Tuesday, February 28th, 2017

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  • Board of directors has adopted an advance notice policy regarding director elections. The purpose of the Advance Notice Policy is to provide a clear process for the shareholders, directors and management to follow when nominating directors of the Company

Vancouver, BC / February 28, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that the Company’s board of directors has adopted an advance notice policy (the “Advance Notice Policy”) regarding director elections. The purpose of the Advance Notice Policy is to provide a clear process for the shareholders, directors and management to follow when nominating directors of the Company. Such a policy will ensure that shareholders receive adequate notice of director nominations and sufficient information regarding all director nominees and to allow shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.

The Advance Notice Policy, among other things, includes a provision that requires advance notice to the Company in certain circumstances where nominations of persons for election to the board of directors are made by shareholders of the Company. This Advance Notice Policy also sets a deadline by which director nominations must be submitted to the Company prior to any annual general or special meeting of the shareholders and also sets out the required information that must be included in the notice to the Company. No person will be eligible for election as a director of the Company unless nominated in accordance with the Advance Notice Policy.

In the case of an annual meeting of shareholders (including an annual and special meeting), not later than the close of business on the thirtieth 30th day; provided, however, if the date (the “Notice Date”) on which the first public announcement made by the Corporation of the date of the annual meeting is less than 50 days prior to the meeting date, not later than the close of business on the 10th day following the Notice Date.

In the case of a special meeting (which is not also an annual meeting) of shareholders called for any purpose which includes the election of directors to the board, not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting is made by the Corporation; Notwithstanding the foregoing, the board of directors may, in its sole discretion, waive any requirement of the Advance Notice Policy.

The Advance Notice Policy is in effect as at the date of this news release, and the Company intends to seek shareholder approval to amend the Company’s articles to incorporate the provisions of the Advance Notice Policy at the Company’s next annual general meeting of shareholders (the “2017 AGM”).

A full description of the Advance Notice Policy will be contained in the information circular to be prepared for the 2017 AGM and mailed to the Company’s shareholders. A copy of the Advance Notice Policy is available on SEDAR under the Company’s profile www.sedar.com.

Further to the news of February 13th, 2017, Durango has agreed to pay a finder’s fee to an arm’s length party on the Industrial Mineral transaction in accordance with TSX Venture Exchange policy and subject to TSX Venture Exchange approval.

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.

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 adoption by the shareholders of the Advance Notice Policy at the AGM 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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Durango Receives Additional Offer On Windfall Gold Camp Property $DGO.ca

Posted by AGORACOM-JC at 8:40 AM on Monday, February 27th, 2017

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  • Additional unsolicited offer was received on its Trove Property located in the Windfall-Urban gold camp district of northern Quebec

Vancouver, BC / February 27, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to the news of February 24, 2017, an additional unsolicited offer was received on its Trove Property located in the Windfall-Urban gold camp district of northern Quebec.

Durango’s 100% wholly owned Trove Property adjoins Osisko Mining (TSX-OSK) and Beaufield Resources (TSX.V-BFD) who both hold large land packages in the area and currently have drill programs underway.

Marcy Kiesman, CEO of Durango stated “Three companies in the Windfall Lake area have raised over $70 million dollars this month for exploration. As two of Durango’s immediate neighbours are drilling over 400,000 metres at Windfall, the Trove Property remains positioned for discovery. Durango’s Board of Directors is reviewing the offers for the Trove Property, however no agreements have been reached, and the Company will provide further details as they become available.”


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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 completion of any transaction involving the Trove Property with any third party 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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Durango Receives Offers On Windfall Gold Camp Property $DGO.ca

Posted by AGORACOM-JC at 8:59 AM on Friday, February 24th, 2017

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  • Company receives two offers this week on its Trove Property located in the Windfall Lake (Urban Barry) district of northern Quebec
  • 100% wholly owned Trove Property adjoins Osisko Mining (TSX-OSK) in the Windfall-Urban gold camp where Osisko is drilling a 400,000 metre program
  • The Trove also adjoins Beaufield Resources (TSX.V-BFD) which holds multiple projects in the area and currently have drill programs underway.

Vancouver, BC / February 24, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces for disclosure purposes that it has received two offers this week on its Trove Property located in the Windfall Lake (Urban Barry) district of northern Quebec.

Durango’s 100% wholly owned Trove Property adjoins Osisko Mining (TSX-OSK) in the Windfall-Urban gold camp where Osisko is drilling a 400,000 metre program. The Trove also adjoins Beaufield Resources (TSX.V-BFD) which holds multiple projects in the area and currently have drill programs underway.

Marcy Kiesman, CEO of Durango stated “Durango has held the Trove Project for years, and was initially interested in the area due to the favourable geology and the possibility of the regional gold discoveries being pervasive throughout the region. The Trove claims are strategically positioned along the faults and the recent interest of third parties confirms their increasing value. The Trove Property remains poised for discovery as the Windfall area has raised over $70 million this month for three companies in the area. The Board of Directors is reviewing the offers and will provide further details as they become available.”


Click Image To View Full Size

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 completion of a transaction involving the Trove Property with any third party 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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Chile’s SQM sees 8-10% growth in lithium demand this year $NAM.ca $DGO.ca $BFF.ca $SX.ca $FMR.ca

Posted by AGORACOM-JC at 11:22 AM on Wednesday, February 22nd, 2017
  • “The prices in the lithium market and the growth in demand have been quite relevant in recent years. We expect growth in demand for this product of between 8 and 10 percent,” Illanes said.

Feb 19 Chile’s SQM expects demand for lithium to grow between 8 percent and 10 percent this year and is working to improve financial performance by 2020, an executive told local paper El Mercurio on Sunday.

SQM, one of the world’s biggest producers of lithium and iodine, has been trying to consolidate its position with investments abroad.

In 2020 SQM expects annual earnings before interest, taxes, depreciation and amortization (EBITDA) of $1 billion. Currently quarterly EBITDA is less than $200 million, Gerardo Illanes, vice president of finances, told the newspaper.

“The prices in the lithium market and the growth in demand have been quite relevant in recent years. We expect growth in demand for this product of between 8 and 10 percent,” Illanes said.

SQM plans to invest $100 million to increase its production capacity this year, which combined with its capital injection in Argentina would lead to a total investment of around $300 million, he said.

Illanes said SQM would not have a problem financing its projects although he did not rule out tapping debt markets. (Reporting by Fabián Andrés Cambero; Writing by Caroline Stauffer; Editing by Jeffrey Benkoe)

Source: http://www.reuters.com/article/sqm-demand-idUSL1N1G407H

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Durango Announces Acquisition of Bentonite, Perlite and Zeolite Projects in BC $DGO.ca

Posted by AGORACOM-JC at 5:12 PM on Thursday, February 16th, 2017

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  • Acquired a 100% interest in British Columbia industrial mineral claims covering five projects which include bentonite, perlite, and zeolite BC MINFILE occurrences

Vancouver, BC / February 16, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that it has acquired a 100% interest in British Columbia industrial mineral claims covering five projects which include bentonite, perlite, and zeolite BC MINFILE occurrences.

One zeolite project is located adjacent to the recently announced acquisition by Ashburton Ventures (TSX.V-ABR), as outlined in the Ashburton news release dated January 30, 2017. The Durango acquisition overstakes the irregular-shaped mining lease of the Z-1 zeolite quarry/mine near Cache Creek, British Columbia, being acquired by Ashburton and is within approximately 800 metres of the centre of the mining lease.

The second zeolite project is also located in the Cache Creek area, along Hwy 1/Hwy 97. Durango is acquiring 100% of an occurrence of zeolite, known as Perry Ranch, reported in 2011. The acquisition covers an area that is reported as “…approximately 300 metres long and contains several layers to 10 metres depth.” (1)

The third claim block covers the Uncha Lake perlite occurrence (2), and is located near Burns Lake, British Columbia. Past work discusses the occurrences as a perlite unit interbedded within porphyritic rhyolite layers which are reported to be 2.0 – 9.0 metres thick. The perlite is light grey to pale greenish-grey with some perlitic glass occurrences. The perlite generally dips shallowly to the south and is 7.6 to 23.9 metres thick. The report goes on to state that historical reports indicate that in 1955, nineteen trenches were exposed at approximately 45 metre intervals, exposing 2,400 metres of bedrock. Six perlite layers along a zone 850 metres long and 500 metres wide were exposed. (2) (3)

Durango is also acquiring the past-producing Princeton Bentonite occurrence, near Princeton, British Columbia, which was historically reported to have produced 771 tonnes of bentonite between 1926 and 1944. (4)

Three additional titles adjacent to the Dot Mordenite BC MINFILE occurrence near Merritt, British Columbia, which has been reported as a potential zeolite prospect, area also part of this land package. (5) (6)

Further details on these acquisitions will be provided as they become available.

About Zeolite, Perlite, and Bentonite

Zeolites are microporous aluminosilicate minerals commonly used as commercial absorbents and catalysts in the petrochemical industry as well as detergents. They are also widely used as ion-exchange beds in domestic and commercial water purification, softening, and aquaculture applications. Zeolite is also used in growing media, animal feed supplements, composting, and alternative medicine.

Perlite is an amorphous volcanic glass, typically formed by the hydration of obsidian. It has the unusual property of greatly expanding when heated sufficiently. Perlite is primarily used in construction in the production of lightweight plasters, mortars and cement formulations, and in well cements for oil and gas drilling. In horticulture, perlite can be used as a soil amendment or alone as a medium for hydroponics or for starting cuttings.

Bentonite is an absorbent aluminum phyllosilicate clay consisting mostly of montmorillonite. The main uses of bentonite are for drilling mud, binder (e.g. foundry-sand bond, iron ore pelletizer), purifier, absorbent, and as a groundwater barrier. Bentonite is also used in some forms of alternative medicine.

Durango has agreed to pay 1,000,000 common shares to an arm’s length vendor for the 100% acquisition of all projects subject to TSX Venture Exchange approval.

The technical contents of this release were approved by 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. (1)ARIS (BC Assessment Report Database) Report 33072
  2. (2)ARIS (BC Assessment Report Database) Report 20026
  3. (3)BC MINFILE 093F 026: “UNCHA LAKE”
  4. (4)BC MINFILE 092HSE151: “PRINCETON BENTONITE”
  5. (5)BC MINFILE 092ISW108: “DOT MORDENITE”
  6. (6)ARIS (BC Assessment Report Database) Report 30607

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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Lithium: The Fuel of the Green Revolution $DGO.ca $FMR.ca $SX.ca $BFF.ca $NAM.ca

Posted by AGORACOM-JC at 4:26 PM on Wednesday, February 15th, 2017

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Posted in Durango Resources, Fairmont Resources, Featured, Nevada Energy Metals, New Age Metals, Small Cap Lithium Stocks | Comments Off on Lithium: The Fuel of the Green Revolution $DGO.ca $FMR.ca $SX.ca $BFF.ca $NAM.ca

Durango to Drill Test NMX East Lithium Project $DGO.ca

Posted by AGORACOM-JC at 10:30 AM on Wednesday, January 18th, 2017

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  • Planning is underway to drill test its lithium bearing pegmatite zone discovered in the summer 2016 exploration program on ground adjacent to Nemaska Lithium’s (T-NMX) Whabouchi Deposit and the newly discovered Doris zone

Vancouver, BC / January 18, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that planning is underway to drill test its lithium bearing pegmatite zone discovered in the summer 2016 exploration program on ground adjacent to Nemaska Lithium’s (T-NMX) Whabouchi Deposit and the newly discovered Doris zone.

On January 17th, 2017 Nemaska Lithium announced “With the Doris zone discovery in late fall it is prudent to consider the possible impact of its eastward continuance…” In the news release of November 28th, 2016, Nemaska Lithium stated, “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.” “Doris appears to run parallel to main zone which extends for 1.2km to the northeast.”

Durango’s 100% wholly owned NMX East ground adjoins Nemaska Lithium on the eastern perimeter where Nemaska Lithium’s Doris zone remains open, less than 1.5km from the proposed mining pit. Durango’s geological team confirmed a pegmatitic intrusion running parallel to Nemaska Lithium’s main zone where it tested positive for anomalous Lithium and rubidium as per the news release on September 21, 2016. A map of the zones comparative with Nemaska Lithium Inc. may be viewed on the Durango website.

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.

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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