- Commencing a sampling program this coming week at its 100%-owned Dianna Lake Silver Prospect near Uranium City, Saskatchewan
- Sampling and mapping program will commence on July 17, 2016 and will take place over approximately one week
Vancouver, BC / July 13, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that it will be commencing a sampling program this coming week at its 100%-owned Dianna Lake Silver Prospect near Uranium City, Saskatchewan.
The Company confirms that the sampling and mapping program will commence on July 17, 2016 and will take place over approximately one week. The program aims to achieve the following goals:
- -Verify and expand the area of historical anomalous assay values in and around the main Dianna Lake silver showings at Pit #1, Pit #2, and Pit #6 by means of outcrop mapping and sampling, and channel sampling;-Conduct detailed mapping and sampling across the four undrilled and underexplored historically identified IP (induced polarization) anomalies. Historical drilling of two other IP anomalies on the Dianna Lake property defined the bulk of the current zone of mineralization on the property (1); and-Establish the extent of the copper anomalies identified in Pit #7. Historical samples in this location yielded up to 5.87% Cu and 2.6 oz/t Ag (historical sample of up to 5.87% Cu and 2.6 oz/t Ag (1)).
The following historical samples are summarized in an evaluation report prepared for Comaplex Resources Corporation following a drilling, geophysical, and surface sampling program in 1980 (1). Pit dimensions are summarized in Table 1. Historical assay results for the most significant pits are shown below in their entirety in Table 2a and 2b, with a map of the trench locations shown in Figure 1. All samples from the trenches were recorded as grab samples. No significant work has been reported on the property since this program.
Table 1. Dimensions of significant historical trenches
| Trench |
Length (m) |
# of samples taken |
Remarks |
| Pit #1 (main) |
14.6 |
17 |
Main section of Pit 1 |
| Pit #1 (north extension) |
7.1 |
10 |
Northern extension of Pit 1 |
| Pit #2 |
7.4 |
7 |
|
| Pit #6 |
7.8 |
4 |
|
| Pit #7 |
8.4 |
11 |
|
Table 2a. Historical samples from the Dianna Lake property (arranged in order of Ag content)
| Pit #1 (Main) |
|
Pit #1 (North) |
|
Pit #2 |
| Ag (oz/t) |
% Cu |
|
Ag (oz/t) |
% Cu |
|
Ag (oz/t) |
% Cu |
| 2458.4 |
– |
|
336.0 |
0.05 |
|
298.0 |
0.46 |
| 684.4 |
0.05 |
|
225.5 |
0.14 |
|
197.0 |
0.65 |
| 647.4 |
– |
|
9.8 |
0.17 |
|
20.4 |
0.77 |
| 600.2 |
– |
|
6.0 |
0.31 |
|
20.4 |
0.02 |
| 464.6 |
0.10 |
|
4.1 |
0.42 |
|
16.2 |
0.26 |
| 454.8 |
– |
|
3.6 |
0.36 |
|
14.2 |
0.36 |
| 407.2 |
0.01 |
|
3.4 |
4.92 |
|
12.2 |
0.46 |
| 405.4 |
– |
|
2.8 |
0.73 |
|
|
|
| 383.4 |
– |
|
1.5 |
0.43 |
|
|
|
| 321.0 |
– |
|
1.2 |
0.43 |
|
|
|
| 242.6 |
0.02 |
|
|
|
|
|
|
| 240.5 |
– |
|
|
|
|
|
|
| 185.0 |
0.02 |
|
|
|
|
|
|
| 56.4 |
– |
|
|
|
|
|
|
| 31.0 |
0.10 |
|
|
|
|
|
|
| 17.0 |
0.02 |
|
|
|
|
|
|
| 16.7 |
0.02 |
|
|
|
|
|
|
Table 2b. Historical samples from the Dianna Lake property (arranged in order of Ag content)
| Pit #6 (Main) |
|
Pit #7 (North) |
| Ag (oz/t) |
% Cu |
|
Ag (oz/t) |
% Cu |
| 54.6 |
0.1 |
|
8.4 |
0.19 |
| 45.1 |
0.04 |
|
5.0 |
4.92 |
| 18.2 |
0.05 |
|
4.7 |
2.35 |
| 11.1 |
0.19 |
|
3.1 |
1.15 |
| 1.6 |
0.19 |
|
2.6 |
5.87 |
|
|
|
2.6 |
1.18 |
|
|
|
2.4 |
1.95 |
|
|
|
2.3 |
1.06 |
|
|
|
2.1 |
0.62 |
|
|
|
1.9 |
0.94 |
|
|
|
1.5 |
0.48 |
(The Company cautions that grab samples are selective and may not be representative of the mineralization on the property.)
Figure 1. Trench locations and historical assays
Click Image To View Full Size
Larger image available at: http://www.durangoresourcesinc.com/dianna-lake-silver-saskatchewan/
About the Dianna Lake Silver Prospect
Durango’s Dianna Lake Silver Prospect covers a historical area in which, from 1968 to 1969, two high-grade, primarily native silver-bearing exploration targets of between 30,000 and 50,000 tonnes grading five to 10 ounces per ton silver, approximately 600 metres apart, were determined by trench grab sample assays, according to a historical evaluation report composed for Comaplex Resources in 1980(1) *.
* Potential quantities and grades are conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
Additionally, the main silver-bearing zone is spatially associated with a large zone of low-grade, disseminated copper-silver mineralization in which “drilling of two IP anomalies indicated approximately five million tonnes averaging 0.4 ounce per ton Ag and 0.4 per cent Cu” (undefined category historical resource estimate), according to the same report (1) **.
** A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the issuer is not treating the historical estimate as current mineral resources or reserves. Further work must be carried out to verify all historical information before a resource estimate is possible.
Fourteen additional induced polarization anomalies in the historical exploration area surrounding Dianna Lake and the nearby Doug Lake remain yet undrilled, according to the Comaplex Resources report (1), four of which occur within the property boundary of Durango’s Dianna Lake silver project.
Previous work on the claims was reported in 1969, 1980 and 1998 and included diamond drill holes, trenches, and pits primarily across two zones where mineralization was identified at or near surface. One zone was reported to have five trenches exposing Ag-Cu mineralization over approximately 80 metres. Historical grab samples from Pit 1 of this zone included ounce-per-ton silver values of 2,458.4, 684.4, 647.4, 600.2, 464.2, and 454.8 ounces per ton Ag. Out of 18 grab samples, 13 samples assayed between 185.0 and 2,458.4 ounces per ton. Pit 2 grab samples returned reported highs of 298.0 and 197.0 ounce per ton Ag (out of seven samples ranging from 12.2 to 298.0 ounces per ton Ag) (1). (The Company cautions that grab samples are selective and may not be representative of the mineralization on the property.)
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 been the subject of a National Instrument 43-101 report.
References
- (1)”Evaluation report of the Dianna Lake silver-copper property, CBS 3141, S-97735 and S-97736, Uranium City area, Saskatchewan, Canada, for Comaplex Resources International Ltd.” E.G. Kennedy, PEng, 1980.
About Durango Resources Inc.
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, Lac Noirs, Montagne North and Boomerang lithium properties near the Whabouchi mine, 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.
For further information on Durango, please refer to its website and 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 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.
