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Posts Tagged ‘LNG Development’

Durango Receives Unsolicited JV Proposal

Posted by AGORACOM-JC at 2:19 PM on Friday, January 29th, 2016

Announced that it has received an unsolicited joint venture proposal for NMX East claims which are adjacent to Nemaska Lithium Inc. (TSX.V-NMX) Whabouchi Lithium Property
Nemaska Lithium announced on January 8, 2016 that it was added to the S&P/TSX.V Select Indices, and announced September 4, 2015 that it “Receives general certificate of authorization for Whabouchi Lithium Mine in Quebec”.

Vancouver, BC / January 29, 2016 – Durango Resources Inc. (the “Company” or “Durango“) announces that it has received an unsolicited joint venture proposal for Durango’s NMX East claims which are adjacent to Nemaska Lithium Inc. (TSX.V-NMX) Whabouchi Lithium Property. Nemaska Lithium announced on January 8, 2016 that it was added to the S&P/TSX.V Select Indices, and announced September 4, 2015 that it “Receives general certificate of authorization for Whabouchi Lithium Mine in Quebec”.

The NMX East Property is adjacent to Nemaska Lithium’s proposed open-pit lithium mine and consists of approximately 1,200 hectares of claims bordering the east, northeast, west and northwest.

Durango will provide further updates if and when a joint venture agreement is reached on the NMX East property.

About Durango Resources Inc.

Durango is a natural resource company engaged in the acquisition and exploration of mineral properties. In addition to the Mayner’s Fortune and Smith Island limestone projects, the Company holds a 100% interest in the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the Buckshot graphite property near the Miller Graphite mine in Quebec.

DURANGO RECOIT SOLLICITEES JV PROPOSITION
Vancouver, Colombie-Britannique / TNW-Accesswire / Janvier 29, 2016 – Ressources Durango Inc. (la “Societe” ou “Durango”) annonce qu’elle a recu une proposition de coentreprise non sollicitee visant les revendications NMX Est de Durango qui sont adjacentes a Nemaska Lithium Inc. (TSX.V-NMX) Lithium propriete Whabouchi. Nemaska Lithium a annonce le 8 Janvier, 2016, qu’il a ete ajoute a l’indice S & P / TSX-V Selectionnez indices et annoncee le 4 Septembre, 2015, qui elle “recoit certificat general d’autorisation pour Whabouchi mine de lithium au Quebec”.

La NMX-Orient propriete est adjacente a Nemaska Lithium propose mine a ciel ouvert de lithium et se compose d’environ 1,200 hectares de revendications qui bordent l’est, au nord, a l’ouest et au nord-ouest.
Durango fournira de plus amples mises a jour si et quand un accord de joint-venture est atteint sur la propriete NMX-Orient.
A propos de Ressources Durango Inc.

Durango est une societe de ressources naturelles engagee dans l’acquisition et l’exploration de proprietes minieres. En plus des projets de calcaire Fortune et de l’ile Smith de la Mayner, la Societe detient un interet de 100% dans la decouverte et de proprietes auriferes Trove dans la region de l’Abitibi au Quebec, et la propriete de graphite Buckshot pres de la mine Miller Graphite au Quebec.

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

Marcy Kiesman, Chief Executive Officer

Telephone: 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, execution of a definitive agreement, raising of funds, obtaining regulatory approvals 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.

Tags: #mining, #smallcapstocks, $TSXV, lithium, LNG Development, Nemaska Lithium Inc.
Posted in Durango Resources | Comments Off on Durango Receives Unsolicited JV Proposal

LNG Investments Will Have Long-Term Benefits For B.C.

Posted by AGORACOM-JC at 11:03 AM on Friday, January 29th, 2016

Issuance of a key permit required for the development of the LNG Canada project by Shell is an exciting development, as it moves the project one step closer to fruition
Facility permit from the B.C. Oil and Gas Commission outlines the requirements for design, construction and operation of the proposed liquefied natural gas facility in Kitimat, B.C.
This alone does not guarantee the project will move forward, it is an indication that the proponents of the project still see benefits of establishing an LNG plant in B.C

The issuance of a key permit required for the development of the LNG Canada project by Shell is an exciting development, as it moves the project one step closer to fruition.

The facility permit from the B.C. Oil and Gas Commission outlines the requirements for design, construction and operation of the proposed liquefied natural gas facility in Kitimat, B.C. While this alone does not guarantee the project will move forward, it is an indication that the proponents of the project still see benefits of establishing an LNG plant in B.C.

These benefits are considerable: the climate of B.C.’s north coast is colder and therefore requires less energy to liquefy natural gas than in other areas, such as the Gulf Coast; there are abundant gas fields relatively close to the plant; the north west coast of B.C. is considerably closer to many markets than competing jurisdictions; and B.C. has an abundant supply of engineers, planners and construction workers that are fully capable of building and operating a complex plant.

Given the economic doldrums facing other resource-based sectors in B.C. with the collapse of oil prices and the malaise in the minerals and metals markets, the B.C. engineering community recognizes the importance of projects such as LNG Canada moving forward. For many firms, the development of an LNG industry will buffer the impact that the downturn of the resource sector is having.

B.C. engineers bring their technical knowledge and commitment to public safety to every stage of the LNG process. Engineers and geoscientists provide expertise in identifying sources of natural gas and in ensuring that the extraction of the natural gas is done safely and in accordance with the latest standards. Engineers specializing in natural gas projects design and monitor the construction and on-going operations of the pipelines that take the gas from the fields to the plants.

The liquefaction plants that will take the temperature of the gas to negative 160 degrees Celsius will be in done in strict accordance with international engineering standards. Even the ancillary infrastructure surrounding these plants will be designed by engineers to standards that are among the best in the world.

Once the gas is ready to be shipped, it will be loaded onto a tanker in port facilities that will be designed by engineers experienced in marine terminal design. Tanker routing is subject to the Transport Canada TERMPOL Review Process, involving over 20 in-depth studies, including navigation and risk assessments. Engineers play an integral role in identifying risks and developing strategies to mitigate these risks.

The attention to these details is reflected in the fact that since 1964, one LNG tanker has entered Tokyo harbour every 18 hours, and there has not been a single incident involving a tanker in that harbour in more than 50 years.

There is no doubt that the scope of the LNG Canada project is enormous. The liquefaction plant will cost up to $40 billion and the costs of the pipelines and the extraction will cost billions more. Against this scenario we have seen the price of natural gas drop from just under $6 to under $2.50 per million British thermal units.

The important consideration is that these are projects with a lifecycle of over 50 years. The odds are that given the growth in the world economy over time — and the increased demand from developing economies that require gas to not only power their growth, but also as a cleaner alternative to coal-power — there will be growing demand for LNG, and the investment today will be seen as a shrewd move in the years to come.

Keith Sashaw is president and CEO of the Association of Consulting Engineering Companies British Columbia (ACEC-BC).

Source: http://www.huffingtonpost.ca/keith-sashaw/lng-project-kitimat_b_9073114.html

Tags: #mining, #smallcapstocks, $TSXV, B.C Oil and Gas Commission, lithium, LNG Development, Shell
Posted in Durango Resources | Comments Off on LNG Investments Will Have Long-Term Benefits For B.C.

Durango Acquires Ground in Labrador Adjacent to Equitas Resources (EQT) with Historic Drill Results of 12.9m of 0.24% Nickel

Posted by AGORACOM-JC at 5:30 PM on Monday, October 5th, 2015

Acquired a 100% interest in 3 claim blocks adjacent to, and near, Equitas Resources Corporations’ (TSX.V-EQT) Labrador Ni/Cu project
One claim block is located adjacent to, and to the northwest of, anomaly D of the Equitas Garland property which is located approximately 30km southeast of Vale’s Voisey’s Bay mine

Vancouver, BC / October 5, 2015 – Durango Resources Inc. (the “Company” or “Durango”) is pleased to announce it has acquired a 100% interest in 3 claim blocks adjacent to, and near, Equitas Resources Corporations’ (TSX.V-EQT) Labrador Ni/Cu project.

One claim block is located adjacent to, and to the northwest of, anomaly D of the Equitas Garland property which is located approximately 30km southeast of Vale’s Voisey’s Bay mine. On September 23, 2015 Equitas Resources Corp. announced via www.sedar.com, “Springdale Forest Products has commenced drilling with borehole GP15-001. This NQ borehole is designed to test VTEM Anomaly D, part of a two-kilometre trend of variable conductivity, coincident with a nickel-copper-cobalt lake sediment anomaly and resident in an east-west structure of the Gardar-Voisey’s Bay fault set.”

Two other claim blocks, described below, are approximately 90km to the north of Voisey’s Bay, and have historic work results reported.

E ZONE

One claim block covers the “E” Zone, where National Mineral Inventory Number (NMIN): 14E/01/Ni 002, Record ID Number: 4499, reports wide, deep, intersections of “disseminated to massive sulphide layering” including: drill intersections of 12.9 m of 0.24% Ni, 0.20% Cu, and 0.06% Co, and 54 m of 0.4% Ni, 0.43% Cu and 0.11% Co. It is not stated in the report if the second intersection is continuous like the first one (Canadian States Resources, PR, August 21, 1996). “Generally, the grades are higher than those from the adjacent Cirque (NMI File No. 14E/01/Ni003), although such comparisons may be complicated by differences in averaging techniques (Kerr and Smith, 1997).”

KRINOR

Another claim block covers the occurrence known as “Krinor”, NMIN: 14E/01/Ni 008 Record ID Number: 4511, “The best assay (probably a grab sample) from the property was 1.31% Ni, 0.52% Cu and 0.21% Co (Castle Rock Exploration, PR, October 4, 1995). Geophysical surveys were conducted during the summer of 1996, and diamond drilling commenced in mid-August 1996. According to the NMIN file no information was released at that time concerning drilling results, but three holes intersected sulphide mineralization, over widths up to 14 m. (J. O’Sullivan, personal communication, 1997) (Kerr and Smith, 1997).”

Further due diligence evaluation of historic data, derived mainly from the Voisey’s Bay discovery and subsequent staking rush and exploration follow up by the many companies involved, will be carried out over the next few months.

In consideration for 100% interest in the properties, with no net smelter royalty, the Company will issue one million shares to an arm’s length vendor, subject to TSX Venture Exchange approval. The shares will be subject to a hold period of four months plus one day from the date of issuance.

The technical and scientific data in this news release was approved by Mr. Peter Dimmell, P.Geo. (NL, ON, SK, QC(SP), 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 Buckshot graphite property near the Miller Graphite mine in Quebec.

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900