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Durango Resources $DGO.ca Begins Exploration at Windfall Lake $BTR.ca $OSK.ca $SII.ca $TLG.ca

Posted by AGORACOM at 10:01 AM on Thursday, July 2nd, 2020
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  • Durango Resources Inc.’s exploration team has arrived on site at Windfall Lake, Quebec.
  • Preparing drill pads for upcoming summer drill program

The work crew has been tasked with preparing the site for the upcoming summer drill program by way of creating drill pads and clearing access to the areas of interest. As previously announced on April 4, 2019, Durango has identified 15 drill targets for the Trove Property to test favourable IP signatures that coincide with geochemistry anomalies including gold found in till samples.

The exploration team will also be mapping and collecting additional till and rock samples on the East Barry Block in an area of interest along the contact of instrusives and volcanics. Till sampling conducted in 2018 and 2019, identified a 5km trend which we are eager to investigate and identify the source for future drill targets.

Marcy Kiesman, chief executive officer of Durango, stated: “I am excited to finally get our exploration team moving at Windfall Lake. I want to thank our shareholders for their patience this year as we navigated the challenges of closures and increased regulations due to COVID19. We look forward to a busy summer exploring and drilling in the Windfall gold camp adjacent to Osisko with great hopes for success for our shareholders.”

The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101. The property has not yet been subject to an NI-43-101 report.

Trove, Quebec

Durango owns 100% interest in the Trove claims, which are surrounded by Osisko Mining Inc., in the Windfall Lake area between Val d’Or and Chibougamau, Quebec. The 1,185 hectare property is compelling due to the coincidence of gold found in tills coinciding with magnetic highs, several Induced Polarization (“IP”) anomalies and two faults crosscutting the property. The fault systems north and south of the Trove, control gold mineralization elsewhere, indicating the Trove has excellent exploration potential. Durango received all the final drill permits for the Trove property in September 2019 and is undergoing its final reviewing process for the proposed 3,000m drill program.

East Barry, Quebec

Durango owns 100% interest in the East Barry claims which run parallel to Trove claims. The East Barry block is over 6,100 hectares in size and borders the eastern perimeter of Osisko’s holdings and the southern perimeter of Bonterra’s holdings and is less than 4km south of the Gladiator deposit. The East Barry claims host a gold trend which covers approximately 10km in length and is subparallel to the main Barry Fault held by Osisko. In 2018 a till sampling program was conducted and one of the till samples returned fourty-two (42) pristine gold grains with reported gold values of 2.184 g/t Au. A high count of pristine gold grains indicates that the gold has travelled a very short distance from its source. The East Barry block underwent an Induced Polarization (“IP”) survey in 2018 which identified a high priority target coincident with the high count of pristine gold grains.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.

Durango Resources $DGO.ca Welcomes Julie Lemieux to its Board of Directors $BTR.ca $OSK.ca $SII.ca $TLG.ca

Posted by AGORACOM at 10:03 AM on Monday, June 29th, 2020

Vancouver, BC – TheNewswire – June 29, 2020 – Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango“) is pleased to announce the appointment of Ms. Julie Lemieux to its board of directors.

Ms. Lemieux has over 25 years of experience in team leadership, project management, business development and continuous improvement strategy implementation. A graduate from Laval University, Julie holds a Bachelor of Science in Geomatics.

Most recently, Ms. Lemieux has worked as a senior consultant for Planifika Inc., a consulting firm specializing in helping companies develop an asset management mindset based on the Institute of Asset Management principles and ISO 55001 standards. She is also the Vice President of North American Operations for EXMceuticals Inc., an emerging player in the international medical cannabis industry in Europe. Previously Ms. Lemieux managed strategic projects, including working with the Metis Nation of Alberta and its regions through Indigenous consultation, support, and advice on environmental services aligned with community concerns and values.

Marcy Kiesman, Durango CEO stated, “We very excited to have Julie join our team as she brings a wealth of experience to our Board. As a French Canadian, she is familiar with many aspects of mining as she has worked in industry, for government and with First Nation groups. We are particularly impressed with Julie’s extensive financial network in eastern Canada, especially given our plans for an exploration program in Quebec this year. We are confident that having Julie on our team will enhance the sophistication of our Board and shareholder base and will also help us strengthen shareholder communication during this exciting time for our company.”

Durango has granted 1,100,000 options to purchase common shares of the Company at an exercise price of $0.10 per share for a period of five years to its directors and officers and consultants as per its 10% TSX rolling plan. Of this amount, Ms. Lemieux was granted an option to purchase 250,000 common shares.

ABOUT DURANGO RESOURCES

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.

FORWARD-LOOKING STATEMENT

This press release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the Company’s limited operating history and history of losses, the inability to successfully obtain funding, general market conditions and such other risks that could cause the actual results to differ materially from those contained in the Company’s projections or forward-looking statements. All forward looking statements in this press release are based on information available to the Company as of the date hereof, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Marcy Kiesman, CEO

Telephone: 604.428.2900 or 604.339.2243

Email: [email protected]

Website: www.durangoresourcesinc.com