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Tajiri Resources $TAJ.ca Updates K4-K5 Prospect, Reo Project, Burkina Faso $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Posted by AGORACOM at 3:00 PM on Tuesday, January 26th, 2021
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  • Commenced an infill auger drilling program at K4-K5 to tighten the historic auger sampling pattern
  • Grid decreased to 200 x 50m in order to better constrain individual gold zones

Tajiri Resources Corp. (the “Company”) (TSXV: TAJ) is pleased to provide an update to the ongoing exploration work at the Company’s 100% owned Reo Gold Property, Burkina Faso, West Africa.

After completing initial drilling of the Morley prospect where numerous hits were reported including hole MRTC0022’s 11 metres of  8.6 g/t Au including 3 metres at 30.9 g/t Au from 20 metres; the Company began power auger drilling and trenching at the K4-K5 Prospect, where historic wide spaced drill lines returned significant mineralised intersections including: 18m @ 2.5g/t;  44m @ 1.5g/t, 12m @ 5.0g/t, 4m @ 16.2g/t;  36m @ 1.3g/t, 16m @ 2.7g/t, 20m @ 1.7g/t 18m @ 2.5g/t,  20m @ 1.7g/t, 18m @ 1.6g/t 12m @ 4.1g/t.  RC: 13m @ 2.2g/t, 6m @ 2.7g/t, 16m @ 2.0g/t, 10m @ 3.5g/t; 3m @ 11.5g/t, 2m @ 16.8g/t, over an area of 3 x 4km from within a larger area of gold in saprolite anomalism of approximately 9 x 4 km (see Figure 1).

Due to the massive scale of the prospect and previous wide spaced sampling programmes Tajiri commenced an infill auger drilling program at K4-K5 to tighten the historic auger sampling pattern from a 400 x 100m grid to a 200 x 50m grid in order to better constrain individual gold zones within the broad gold in saprolite anomaly and to also investigate individual larger areas of artisanal workings on 100 x 25m to 25 x 25m grid spacings on an east west grid. Because artisanal workings have largely not been sampled or drilled to date and because they potentially overly areas of significant gold mineralisation it was considered important to sample these areas and determine orientation of mineralisation prior to commencing more expensive RC / diamond drilling programs. 

Read More: https://agoracom.com/ir/TajiriResources/forums/discussion/topics/753983-tajiri-resorces-updates-k4-k5-prospect-reo-project-burkina-faso/messages/2300356#message

AGORACOM Small Cap 60: Durango Resources $DGO.ca Drilling The Trove Property in Windfall Lake Adjoining Osisko $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM at 2:45 PM on Thursday, January 14th, 2021

Highlights:

  • Maiden Drill program underway at Trove
  • Located in Windfall Lake gold District
    • Surrounded by Osisko
  • 100% interest in the Trove and East Barry claims
  • Currently the most active gold exploration camp in Canada
    • 21 drill rigs at Windfall in 2020
  • 40% Inside Ownership
    • Marcy Kiesman, President & CEO owns 16%
  • Positioned for Discovery in Windfall Lake

American Creek Resources $AMK.ca: New Treaty Creek Report $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 9:04 AM on Thursday, January 14th, 2021
American Creek Provides Update on Its First Quarter Filings

Treaty Creek resource could represent one of the largest gold deposit discoveries found in North America in the past 10 years!”

“If Tudor Gold lives up to the high expectations of market participants and has a powerful gold resource of 15-30 million ounces of gold on Treaty Creek, we believe that an unprecedented takeover battle for one of the most attractive gold projects in Canada will ensue”

These statements are taken from JS Research’s latest report (found below) on Treaty Creek and our JV partner Tudor Gold.  The report highlights this year’s 45,600m program at Treaty Creek as we look forward to the initial resource calculation on the property. 

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.
 
American Creek has not independently confirmed the technical information in the JS Research report. 

READ MORE: https://agoracom.com/ir/AmericanCreek/forums/discussion/topics/753006-american-creek-resources-new-treaty-creek-report/messages/2297840#message

Durango $DGO.ca Begins Drilling at East Barry, Windfall Lake $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM at 10:45 AM on Wednesday, January 13th, 2021
  • Drilling is underway on its wholly owned East Barry property at Windfall Lake, Québec.

Durango Resources Inc.(TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) is pleased to announce that further to the news release of January 8, 2021, drilling is underway on its wholly owned East Barry property at Windfall Lake, Québec.

The purpose of the East Barry Property drilling is to test high priority exploration targets coincident with elevated till anomalies of up to 2.19 g/t gold and pristine gold grains in till trend.  The drilling commenced on schedule on the East Barry Property and has reached approximately 300m depth on the first hole so far.

Marcy Kiesman, CEO of Durango, stated, “The drill team from Faubert & Fils Inc. are off to a great start on the East Barry Property and are drilling faster than scheduled. We are excited to finally be testing the large target anomaly on the East Barry Property and searching for the source of the gold grains in till to create value for Durango’s shareholders.”

Read More: https://agoracom.com/ir/Durango/forums/discussion/topics/752929-durango-begins-drilling-at-east-barry-windfall-lake/messages/2297591#message

VIDEO – American Creek $AMK.ca Investor Eric #Sprott Says “It certainly looks like they have 20 million ounces and they could easily get to 30 or 40 or 50 million ounces (of gold)” $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM-JC at 8:27 PM on Sunday, January 10th, 2021
American Creek Provides Update on Its First Quarter Filings

There is a lot we could say about American Creek Resources (AMK:TSXV) Treaty Creek Project but you might accuse of us of making it up, so we’ll let the words of 4 much smarter and wealthier people do all the talking:

Eric Sprott, Billionaire Investor and 2X Investor In American Creek Resources

“It certainly looks like they have 20 million ounces and they could easily get to 30 or 40 or 50 million ounces (of gold)” – July 24, 2020

Darren Blaney, President & CEO American Creek Resources

“Clearly, we have a massive, world-class gold system that still shows no signs of weakening to the northeast nor at depth.”

Walter Storm, CEO Tudor Gold (JV Partner) And Financier Of Osisko Gold Reaching $4.5 Billion Market Cap

“These results have proven that we have an excellent understanding of the structure, geology and mineralogy of this massive gold system.”

Ken Konkin , Tudor Gold Exploration Manager (Credited With Discovering Brucejack Mine Just South Of Treaty Creek) 

“Given the success of the two deep drill holes GS19-47 and GS19-48, the Goldstorm System shows no signs of weakening to the northeast and several more drill holes will be needed to find the length and depth of this huge gold system.

With a maiden resource estimate now expected over the next few months and the last set of drill results now announced, including 3.286 gpt AuEq over 82.5 Meters, Within 531.0 Meters of 0.999 gpt AuEq investors should grab their favourite beverage and watch this interview with American Creek Resources.

Durango $DGO.ca Drill on Site at East Barry, Windfall Lake $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM at 9:59 AM on Friday, January 8th, 2021
  • Durango has received drill permits for the East Barry claim block to test high priority targets
  • Drilling is scheduled to begin on January 11th with two exploration holes on the East Barry Property budgeted for depths of approximately 750m each.

Durango Resources Inc.(TSXV-DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) is pleased to announce that further to the news release of December 18, 2020, the drill and team from Faubert & Fils Inc. has arrived on site on its wholly owned East Barry property at Windfall Lake, Québec.

East Barry Property

Further to the news release of November 19, 2020, Durango has received drill permits for the East Barry claim block to test high priority targets coincident with high till anomalies of up to 2.19 g/t gold and pristine gold grains in till trend.  Now that weather conditions are favourable for access, a winter road has recently been built and a drill is on site at the East Barry Property. The drilling is scheduled to begin on January 11th with two exploration holes on the East Barry Property budgeted for depths of approximately 750m each.

Trove Property

To date, 2,100m has been drilled over nine holes on the Trove Property at an average depth of 233m.  Drilling on the Trove Property stopped before Christmas and Durango’s exploration crew has not been back to Windfall Lake yet in 2021 due to the Québec government Covid-19 restrictions. The Association de l’exploration Miniere du Québec (“AEMQ”) announced on January 6, 2021 that the government has made the decision to maintain mining activities, allowing exploration to continue in Québec.

Read More: https://agoracom.com/ir/Durango/forums/discussion/topics/752614-durango-drill-on-site-at-east-barry-windfall-lake/messages/2296658#message

American Creek’s JV Partner Tudor Gold Intersects 3.286 gpt AuEq over 82.5 Meters Within 531.0 Meters of 0.999 gpt AuEq at Treaty Creek $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM at 8:23 AM on Thursday, January 7th, 2021
American Creek Provides Update on Its First Quarter Filings
  • Best near-surface intercept was from the 300 Horizon in GS-20-91 on Section 112+50 NE that averaged 0.856 gpt AuEq over 1033.5 meters containing an enriched portion of 532.5 meters (60.0-592.5 m) that averaged 1.112 gpt AuEq.
  • GS-20-92 also had a remarkable 82.5 meter intercept (213.0-295.5 m) of 3.286 gpt AuEq within the 300 Horizon, which is the highest grade gold composite interval drilled to date on the project. This lies within a longer intercept of 531.0 meters (90.0-621.0 m) averaging 0.999 gpt AuEq.

Cardston, Alberta–(Newsfile Corp. – January 7, 2021) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is very pleased to present results for the last set of 2020 diamond drill holes for the Goldstorm Zone at their JV flagship property, Treaty Creek. The project is located within the heart of the Golden Triangle of Northwestern British Columbia which is on-trend from Seabridge’s KSM Project located five kilometers southwest of the Goldstorm Zone. Results from sampling of 9,621.7 meters of HQ and NQ2 core, from 11 diamond drill holes, have recently been received from MSA Labs. American Creek’s JV partner, Tudor Gold has completed 50 diamond drill holes at the Goldstorm System (GS) and three diamond drill holes at the Perfect Storm Zone (PSZ), for respective totals of approximately 44,000 meters (GS) and 1,600 meters (PSZ) during the 2020 exploration season. It was necessary to abandon two of the final drill holes as ground conditions prevented the safe completion of GS-20-99 and GS-20-101 late in the season, however, significant gold and silver mineralization was encountered in GS-20-99 (0.647 gpt AuEq over 109.5 meters) and this hole ended in strong stockwork within the DS5 System. Unfortunately drill hole GS-20-101 was abandoned before intersecting the area of the intended target and this hole will be re-drilled in 2021. From the remaining 51 drill holes, all but one were successful in intersecting the intended targets.

Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., stated: “We are very pleased with the results obtained from our 2020 exploration program and we anticipate the completion of an initial resource estimate over the next few months. We are also determined to continue the exploration efforts in 2021 to better define and potentially expand the Goldstorm and Perfect Storm Systems. It was not possible to attempt drilling at some of our high priority exploration targets due to the rapid accumulation of snow in late November and December that caused avalanche hazards, therefore, these sites remain as excellent drill targets. We have since received our explosives permit and have purchased an explosives magazine so our avalanche teams can now safely remove snow build-up for the up-coming exploration season. Our goal is to again have a late spring start-up so that we can effectively prepare the slopes to allow drilling in the northeast area of the Goldstorm System that was not completed in 2020. The Au-Ag-Cu mineralization remains open to the northeast and to the southeast, with the possible exception of section 114+00 NE, where the easternmost drill hole (GS-20-102) may have defined the southeast limit in that area.”

Goldstorm Highlights include:

  • Eleven diamond drill holes in this news release totaling 9,621.7 meters; the favorable composite results are listed in Table 1 below.
  • Best near-surface intercept was from the 300 Horizon in GS-20-91 on Section 112+50 NE that averaged 0.856 gpt AuEq over 1033.5 meters (60.0-1093.5 m) containing an enriched portion of 532.5 meters (60.0-592.5 m) that averaged 1.112 gpt AuEq.
  • GS-20-92 also had a remarkable 82.5 meter intercept (213.0-295.5 m) of 3.286 gpt AuEq within the 300 Horizon, which is the highest grade gold composite interval drilled to date on the project. This lies within a longer intercept of 531.0 meters (90.0-621.0 m) averaging 0.999 gpt AuEq.
  • An aggressive 150 meter step-out drill hole (GS-20-99) extended the DS-5 Zone further to southeast on section 115+50 NE. The intercept averaged 0.647 gpt AuEq over 109.5 meters (855.5-965.0 m). The hole was lost at 965.0 meters in strong stockwork and DS5-type mineralization. The system remains open to the northeast and southeast along Section 115+50 NE.

Read More: https://agoracom.com/ir/AmericanCreek/forums/discussion/topics/752523-american-creek-s-jv-partner-tudor-gold-intersects-3-286-gpt-aueq-over-82-5-meters-within-531-0-meters-of-0-999-gpt-aueq-at-treaty-creek/messages/2296444#message

AGORACOM Small Cap 60: Candente Copper $DNT.ca Has A Goldman Sachs Ranking And One Of The World’s Largest Iron Ore Producers Behind It $CN.ca $FCX.ca $TECK.ca $FSUGY $PER.ca

Posted by AGORACOM at 3:32 PM on Friday, December 18th, 2020
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Candente Copper (DNT:TSX) is currently focused on its 100% owned Cañariaco project, which includes the feasibility stage Cañariaco Norte deposit, a large, economic, copper deposit in Peru waiting to be mined. 

Highlights are as follows. 

  • 100% owned feasibility-stage porphyry copper deposit; a single, contiguous, open-pit mineable deposit of:
    • 7.5B pounds Measured and Indicated and can be mined for 22 years once in production.
    • Once in production Canariaco is in the lowest quartile of production costs for projects waiting to be developed.
    • Operating costs of US$0.988 per pound of copper
    • Capable of generating annual production of 262,000,000lbs of copper, 39,000 oz gold & 911,000 oz silver over initial mine life of 22 yrs(@ 95,000 tpd).

Hub On AGORACOM / Corporate Profile 

Tajiri $TAJ.ca Samples In-Situ, High Grade Gold during trenching and Auger Drilling Geochemistry Due Diligence Programs on Epeius Project, Guyana $GXS.ca $EDV.ca $IMG.ca $GUY.ca

Posted by AGORACOM-JC at 10:54 AM on Friday, December 18th, 2020
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  • Peak Value of 4.0g/t Au in Auger
  • Within Broad 240m Wide Zone of Bedrock Gold Anomalism
    New Discovery with  Potential Strike Length of 1,800m

VANCOUVER, BC , Dec. 18, 2020 – Tajiri Resources Corp. (the “Company”) (TSXV: TAJ) is excited to announce preliminary, yet outstanding results from a small, single line twelve hole, 25m spaced auger programme sampling the top 2 metres of saprolite at the Epeius Project. The program, tested the extrapolated strike extensions of known gold mineralisation currently undergoing resource definition drilling by Troy Resources Limited (ASX:TRY or ‘Troy’) at their Goldstar Prospect where initial drill and trench results reported to date demonstrate the potential for several sub parallel zones with highlights that include :  RC drilling: 6m @ 10.0g/t from 66m ; 17m @ 2.2g/t from 3m ; 16m @ 1.0 g/t from 31m , 16m @ 1.7g/t from 59m Trenches horizontal at surface : 13m @ 3.3g/t; 8m @ 3.0g/t, 7m @ 2.9g/t; 10m @ 1.0g/t; & 11m @ 1.5g/t.

The auger results reported today indicate potential for a significant zone of gold mineralisation, within a small portion of the Epeius Project, over a potential 1,800 metres of strike length (see Figure 2 ).  The zone of potential extends 1,150 metres from the Project’s southern boundary which is contiguous with the Goldstar Prospect, through the auger holes and onward for  650m to the Project’s northern boundary,where weaker but persistent soil gold anomalism has been encountered by Troy.

The zone of gold anomalism outlined by the auger holes is ~230m wide @ >40ppb and includes the following higher gold in saprolite values of: 4,034 (4.03g/t), 702, 251, 276 & 113 ppb Au.  Auger Holes were drilled at depths between 4 to 7 metres and the last two metres where saprock textures were visible was sampled and assayed by 1kg, 24 hour cyanide leach with an accelerant. The values are therefore in-situ bedrock values and the width of the zone of gold anomalism which topographically lies at the uppermost of a ridge that has not been substantially effected by mechanical lateral dispersion – more typical of gold in soil anomalies.

Mineralisation in this part of the Epeius Project is hosted by early Proterozoic greenstones of the Barama Mazaruni Supergroup and is associated with a NNW trending zone of regional shearing (the Gem Creek Corridor), which extends for at least 20km strike and which for most its known strike approximately follows the contact of a geochemically distinct basalt which displays high magnesium and chrome contents.  This basalt has been identified by Troy as the same unit which hosts the Smarts and Hicks deposits (15.5Mt @ 2.3g/t of NI43-101 compliant M+I+I resources reported pre-mining 9 th September 2014 ) nine kilometres to the south.

Significantly, of the 1,150 metres of strike potential between the Company’s line of auger holes and Troy’s resource drilling the projected mineralisation is completely covered by alluvium for 600m of strike and partially covered for 400m of strike.  As such the company’s auger holes were located in the first area on strike from Troy’s Goldstar Prospect where a transect of the full width of the mineralised trend projecting from Goldstar could be tested. Furthermore, all creeks in near vicinity of the auger holes have been worked repeatedly and extensively by artisanal miners and the area where the potential mineralisation is completely covered for 550m of strike, immediately adjacent to Goldstar, is the upstream starting point for a prodigious area of artisanal alluvial mining varying between 200 and 800 metres width and extending downstream along the flats of the West Kaburi and Kaburi Rivers for 15,000 metres.   As such the scale of alluvial workings suggest that the Goldstar Prospect and its indicated strike extensions through the Epeius Project is a bedrock gold source of considerable, but yet to be determined size.

When received, the Company considered the auger results worthy of immediate follow-up and consequently an excavator commenced trenching at Epeius, December 3 rd 2020, along the line of auger holes and south over a strike of  ~400m along strike, across projected areas of mineralisation where not covered by alluvium.  To date approximately 600 linear metres has been excavated in seven trenches to a depth of ~ 4m to in situ saprolite exhibiting bedrock and mappable textures.

First assay results from the trench programme are expected within two weeks but examination of the trenches confirms several potentially mineralised zones similar to gold mineralisation described by Troy resources at Goldstar.  These include possible gold mineralisation at the contacts between the high MgO basalt with small felsic intrusive bodies of (2- 15m width) and with small dolerite bodies of (4- 12m width) within the High MgO basalt.  Potential gold mineralisation appears as both stock works and shallow dipping vein sets within the felsic intrusive bodies and dolerites and as highly oxidised, iron oxide rich “black coated” often boudinage quartz veins within highly strained MgO basalt.   In particular, the peak 4.0g/t value from auger drilling corresponds with a 4- 12m wide dolerite which exhibits a well-developed stockwork of 1-30cm wide quartz-carbonate veins and the next highest value of 0.7g/t was located within a fine grained felsic intrusive of approximately 8m width which exhibited well developed NW striking, flat to 20 dipping quartz veins and minor stockwork veining and veinlets. (see plates 1, 2 & 3)

Background

The Epeius Project, comprised of 9,300 hectares of tenements granted for gold and precious metals is contiguous with the Company’s wholly owned Kaburi Project of 2,600 Ha.  The combined projects are located in Guyana South America , 165km southwest of the country’s capital Georgetown and between 3.5 and 25 kilometres from the 1 Mtpa Karouni Mine Mill of Troy resources.  35 km to the ESE lies the Omai gold mine which produced 3.7Moz @ 1.3g/t. Results subject of today’s announcement are located 9 km north of the Karouni Mine Mill.

The Acquisition of the Epeius Project by execution of a binding LOI was announced 24 th June, 2020 and is pending share approval at the Company’s next AGM scheduled for 2 nd February, 2020. Sampling reported today has been undertaken as part of the company’s Due diligence on the Epeius Project.

The Chairman’s Comments

Executive Chairman, Dominic O’Sullivan observed:  “Having worked extensively in and around the Kaburi and Epeius Projects over the past 14 years and having led the team which in part discovered and defined the two principal deposits of the Karouni Mine,  I can say the results reported today present one of the better zones of saprolite gold anomalism in the district comparable to those that were returned by early saprolite auger drilling at the Smarts Deposit.

We took a big jump along strike from recently discovered mineralisation at Troy’s Goldstar Prospect and results have come up quite nicely for us right where the potential strike extensions of the Goldstar Prospect were projected to be.  It doesn’t cost much to hand drill and assay 12 auger holes but Bang there you go a potential 1.2km mineralised zone demonstrated for a few thousand US dollars.

The trenching program in progress should also prove a low-cost way to further our understanding of mineralisation prior to drilling, of which a substantial portion will be through shallow alluvial cover.

We of course await the assay results of our trenches before we can say with confidence we have a truly significant gold mineralised zone, but I take early encouragement not only from the auger results but from a recent announcement by Troy that they are undertaking a 15 x 10 metre resource definition drilling program at Goldstar over a 500m strike from our boundary southwards ( 7 th December, 2020) and have already commenced construction of a haul road between Goldstar and the Karouni Mill.”

Qualified Person

The Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects for this news release is Dominic O’Sullivan a geologist, member of the AusIMM, Executive Chairman of Tajiri  and who has reviewed and approved its contents.

On Behalf of the Board,
Tajiri Resources Corp.

Graham Keevil ,
President & CEO

About Tajiri

Tajiri Resources Corp. is a junior gold exploration and development Company with exploration assets located in two of the worlds least explored and highly prospective greenstone belts of Burkina Faso , West Africa and Guyana , South America . Lead by a team of industry professionals with a combined 100 plus years experience the Company continues to generate shareholder value through exploration.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

Neither the 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.

SOURCE Tajiri Resources Corp.

Durango $DGO.ca Engages Additional Drill Company for Windfall Lake $OSK.ca $BTR.ca $SII.ca $TLG.ca

Posted by AGORACOM at 9:30 AM on Friday, December 18th, 2020

Vancouver, BC – TheNewswire – December 18, 2020 – Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OT C :ATOXF), (the “ Company ” or “ Durango ”) is pleased to announce it has engaged an additional drill company for its exploration program on its wholly owned properties at Windfall Lake, Québec .

East Barry Property

Further to the news release of November 19, 2020, Durango has received drill permits for the East Barry claim block to test high priority targets coincident with high till anomalies of up to 2.19 g/t gold and pristine gold grains in till trend.  Now that weather conditions are favourable for preparing access, a drill has been commissioned to test a geophysical anomaly which also coincides with an artificial intelligence (“ AI ”) target. The Company has hired Faubert & Fils from Val d’Or, Québec, to complete several initial exploration drill holes on its East Barry Property.

Trove Property

To date, 1,700m has been drilled in eight holes on the Trove Property at an average depth of 213m.  Drilling is still continuing at the Trove Property with the drilling crew working on hole #9. As noted previously, the objective of the drill campaign is to test IP anomalies derived from previous exploration work.

The main lithologies observed in the drill holes are represented by mafic to intermediate volcanics, metasediments and felsic intrusives crosscut by quartz feldspar porphyry (“ QFP ”) and felsic dikes containing disseminated to semi-massive sulphides. Molybdenite, chalcopyrite and silver indicator alterations were also observed. The lithological contacts are marked by chlorite-epidote-carbonate alterations containing centimetric to decimetric mineralized quartz veins. The labs continue to be delayed and backed up due to extremely high quantities of samples they are receiving from multiple exploration companies and a shortage of personnel.

Durango’s high priority targets remain undrilled due the land condition caused by unseasonably warm weather, which has prevented the freezing required for access to the drill hole locations. Durango has 20 high priority holes planned for drilling on the Trove Property, between 200 and 800 meters deep, when the ground is sufficiently frozen to permit drill access.

Marcy Kiesman, CEO of Durango, stated, “The unseasonably warm weather has been challenging for our inaugural drill campaign on the Trove Property. We have completed initial drilling which will help our exploration team understand the local geology and structure in the area. As the weather in the area has recently become seasonably cold, we expect that our high priority targets will be drilled early in January. We are drilling in one of the best regions in Canada to find gold, we are fully financed and will continue to drill into 2021. We anticipate an exciting year ahead for Durango and 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 Trove Property has not yet been subject to an NI-43-101 report.

Trove Property, Québec

Durango owns 100% interest in the Trove claims, which are surrounded by Osisko Mining Inc. (TSX-OSK), in the Windfall Lake area between Val d’Or and Chibougamau, Québec. The 1,185 hectare property is compelling due to the coincidence of gold found in tills coinciding with magnetic highs, several Induced Polarization 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 currently undertaking its inaugural drill program.

East Barry Property, Québec

Durango owns 100% interest in the East Barry claims which run parallel to Trove claims. The East Barry block is over 7,740 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 Mining. In 2018, a till sampling program was conducted by Durango and one of the till samples returned forty-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 Québec , Canada.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com .

Marcy Kiesman, CEO

Telephone: 604.428.2900 or 604.339.2243

Email: [email protected]

Website: www.durangoresourcesinc.com