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Durango Evaluating Additional Ground Adjacent to Nemaska Lithium

Posted by AGORACOM-JC at 9:11 AM on Tuesday, December 1st, 2015

Reviewing additional ground adjacent to Nemaska Lithium’s (TSX.V-NMX) proposed open pit Lithium Mine in Quebec
Durango currently has ground adjacent to Nemaska Lithium to the east, northeast, west and northwest

Vancouver, BC / December 1, 2015 – Durango Resources Inc. (the “Company” or “Durango”) is reviewing additional ground adjacent to Nemaska Lithium’s (TSX.V-NMX) proposed open pit Lithium Mine in Quebec. Durango currently has ground adjacent to Nemaska Lithium to the east, northeast, west and northwest.

The 2015 Paris Climate Change conference begins this week, and ahead of the conference it was announced in Huffington Post Canada, “Bill Gates $1 Billion Donation Leads Global Clean Tech Energy Campaign”. Within the article it is stated, “Storing electricity is especially crucial for wind and solar power, which can be intermittent because of the weather. Improving batteries is key, and there have been breakthroughs both in technology and production announced this year, including by space and electric car tycoon Elon Musk, whose Gigafactory has begun producing large batteries for home power storage to make solar and wind power more viable.”

A www.fortune.com article dated November 3, 2015, titled “Tesla is Already Making Grid Batteries at the Gigafactory” stated “earlier this year Musk said the company had $1 billion-worth or 100,000 in orders, for the grid batteries. Musk has also said that there’s been so much demand for Tesla’s grid batteries that they “went viral”. Previously Musk has estimated that just the grid battery orders could deliver between $40 million to $45 million in sales for the fourth quarter of this year. Sales for the battery business could be “ten times that number next year” — or presumably $400 million to $450 million in a quarter — after that. Beyond next year, the business could reach “a few billion dollars in 2017”, Musk said earlier this year. “It’s sort of growing by a half order of magnitude to an order of magnitude per year.””

Marcy Kiesman stated “The recent announcement by Billionaires such as Bill Gates, Mark Zuckerberg and by the push of the Canadian and United States governments to convert to green non carbon based energy is encouraging. Durango is well poised to focus on elements that provide clean green energy such as lithium, nickel, and cobalt, which are all used in electric vehicles and power storage systems solutions.”

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 in Quebec, 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 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, Paris Climate Change Conference
Posted in Durango Resources | Comments Off on Durango Evaluating Additional Ground Adjacent to Nemaska Lithium

Uragold Signs $ 5 Million Funding Commitments and 20 Year Solar Grade Silicon Metal Off-Take Agreement With Taiwanese Venture Capital Group

Posted by AGORACOM-JC at 7:45 AM on Tuesday, December 1st, 2015

$ 5 Million funding commitment
Signed Letter of Intent with an arm’s length Taiwanese venture capital group
Commitment will provide Uragold with the resources necessary to capitalize on the worldwide exclusive technology grant from PyroGenesis Canada Inc. (PYR: TSX-V) to convert highly coveted High Purity Quartz Projects into the highest purity, lowest cost supplier of Solar Grade Silicon Metal and Polysilicon to the solar industry

Montreal, Quebec / December 1 2015 – Uragold (TSX Venture: UBR) is pleased to announce that it has signed a Letter of Intent with an arm’s length Taiwanese venture capital group (“Investors”) for a $ 5 Million1 funding commitment to be disbursed over the next two years, as well as, an Off-Take Agreement over the next twenty years, the details of which are provided further below.

The funding commitment will provide Uragold with the resources necessary to capitalize on the worldwide exclusive technology grant from PyroGenesis Canada Inc. (PYR: TSX-V) to convert our highly coveted High Purity Quartz Projects into the highest purity, lowest cost supplier of Solar Grade Silicon Metal and Polysilicon to the solar industry (See Press Release September 30, 2015). Quartz from our Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer, who confirmed that our material is highly suited for their silicon metal production and their interest in purchasing significant tonnage (See Press Release March 2, 2015).

The Off-Take Agreement, which includes exclusive rights for the Investors across Asia over the next 20 years, provides Uragold with an immediate and significant sales presence in this highly strategic region, including China which hosts 6 of the world’s top 10 solar manufacturers.2

Bernard Tourillon, Chairman and CEO Of Uragold Stated “The Investors interest in Uragold was primarily motivated on securing a long-term exclusive right to sell material emanating from the PUREVAP(TM) Quartz Vaporization Reactor (“PUREVAP(TM) QVR”) Technology in Asia. As I stated in our September 30th release, this technology represents a potential quantum leap forward for the solar panel industry becoming a more competitive source of renewable energy. This funding and Off-Take Agreement with our Taiwanese partners provide further third party validation of that statement. ”

SUMMARY OF FUNDING COMMITMENT AND OFF-TAKE AGREEMENT

The funding will be received by Uragold upon achievement of certain milestones through to 2017. The Investors have deposited $ 250,000 In Trust with Uragold counsel. The release of these funds and a subsequent $ 1,750,000 convertible debenture financing are conditional on the successful metallurgical testing and validation that the PUREVAP(TM) QVR can produce at least 4N Purity Si (99.99% Si) material during its first series of tests, amongst other things. As announced on September 30, 2015, this testing and validation, which has already been funded and scheduled, is expected to be completed by Q1 2016.

Mr. Tourillon further stated “The science behind the PUREVAP(TM) QVR is strong: A Plasma arc based process can transform High Purity Quartz into Metallurgical Grade Silicon Metal (“Mg Si”). The Plasma arc based process can then be used to purify Mg Si into higher value materials such as Solar Grade Si (6N / 99.9999% Si). Furthermore, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon. What is unique and ground breaking about the PyroGenesis approach is the combination of these three proven processes into one step.”

The final $ 3,000,000 convertible debenture is expected to be received in and around Q1 2017 upon Uragold having received permits to start construction of the Generation 2 PUREVAP(TM) Quartz Vaporization Reactor, as well as, confirmation that it has secured $ 12,000,000 in additional debt financing from other sources, including government funding.

With respect to the Off-Take Agreement, in exchange for the financing commitment and subsequent to the deposit, Uragold has granted the Investors the exclusive Asian rights to sell its High Purity Si (99.99% Si), Solar Grade Si (6N / 99.9999% Si) and/or Higher Purity Si (9N / 99.9999999% Si) produced by the planned Gen 2 PUREVAP(TM) QVR for a period of 20 years, with additional renewable periods upon successful completion of quotas to be agreed upon after the first two years. The Investors will also have the non-exclusive right to sell these materials to customers anywhere in the world. To this end, the Investors will be allotted an annual 1,000 Mt Off-Take potential for the first three years, then increase to an annual 2,000 Mt upon Uragold building its first Gen 3 PUREVAP(TM) QVR.

The PUREVAP(TM) IMPACT – HIGHEST PURITY, LOWEST COST SUPPLIER TO SOLAR INDUSTRY

The PUREVAP(TM) QVR is a proprietary technology (Patent Pending), developed by PyroGenesis Canada Inc., to which Uragold has been granted a worldwide exclusive right of usage, that uses a plasma arc within a vacuum furnace. This unique One Step technology should allow Uragold to become a vertically integrated and disruptive player in the solar industry through the conversion of its High Purity Quartz Projects into the highest purity, lowest cost supplier of High Purity Si (99.99% Si), Solar Grade Si (6N / 99.9999% Si) and/or Higher Purity Si (9N / 99.9999999% Si).

$USD 12 BILLION ANNUAL INDUSTRY, GROWING BY 6%+ PER YEAR

The Silicon Metal, Solar Grade Si and/or Higher Purity Si markets are a $USD 12 billion a year industry. Metallurgical Grade Si world consumption topped 2.25Mt in 2014, exceeding $US 6 billion in sales3. About 10% of 2014 global Metallurgical Grade Si production was further refined into Solar Grade Si and and/or Higher Purity Si, worth another $US 6 billion. Propelled by increased demand for Solar Grade Silicon Metal and Polysilicon for photovoltaic solar panels, global Silicon Metal demand is expected to grow by 6%+ per Annum.

LETTER OF INTENT BETWEEN INVESTORS AND URAGOLD

For Commercial reasons the name of the Investors will remain confidential. The salient points of the LOI are:

-If a press release confirming successful metallurgical testing to at least 4N Purity is not issued by the end of Q1 2016, the Investors shall have the right to terminate this agreement, or extend it for a period at their option. If Investors opt to terminate this agreement, Uragold will return the full deposit within 10 business days of notice of termination.-Once Uragold has notified the Investors of the successful metallurgical testing and validation that the PUREVAP(TM) QVR tor could produce at least 4N Purity of material during the first test (“success notification”), then the Investors will have up to 5 working days to instruct the lawyer to release the funds held in escrow to Uragold.
- -If Uragold and the Investors are unable to come to terms with respect to the discount pertaining to the Off-Take Agreement via a formal Memorandum of Understanding (see Section 10) within 5 working days of success notification, the Investors shall have the right to terminate this agreement, or extend it for a period at their option. If Investors opt to terminate this agreement, Uragold will return the full deposit within 10 business days of notice of termination.
-Upon receipt of the funds from the Lawyer, Uragold will immediately proceed with the completion of the Private Placement:

-As per the Rules of the TSX-Venture, the pricing of the private placement shall be the greater of $ 0.05 or the market price Uragold Shares (less a 10% discount) on the date Uragold issues the press release confirming the successful metallurgical testing and validation that the PUREVAP(TM) QVR can produce at least 4N Purity of material during the first test.-The Private Placement shall be made in Units. Each Unit will be comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price equal to the greater of $ 0.07 OR 140% of the Unit price placement for a period of 36 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement will be subject to standard regulatory approvals.-Upon closing of the Private Placement, Uragold will grant the investors a right of first refusal on any other potential future financing concerning this project.

-Once Uragold as issues the press release confirming the successful metallurgical testing, and the Investors have released the escrowed $250,000 to Uragold, Uragold shall start the process required to spin out the Gold assets of the Corporation into a separate Company.

-$1,750,000 Convertible Debenture: During Q2 2016, but no later then 60 days after Uragold issues a press release confirming the successful metallurgical testing and validation that the PUREVAP(TM) QVR could produce at least 4N Purity of material during the first test, the investors shall proceed with a $ 1,750,000 private placement by way of convertible debenture.

-The terms of the Convertible debenture Private Placement shall be:

–Uragold shall issue to the investor $ 1,750,000 principal amount of convertible debentures, which will be secured by the Quartz properties of Uragold. The debenture placement will be subject to standard regulatory approvals.-The debenture will be convertible at the option of the holder into common shares of URAGOLD (the “Common Shares”) at any time after the issue date of the debenture and prior to the Maturity Date at a conversion price equal to 135% of the closing price of the stock the day prior the closing of the debenture financing.-The convertible debentures mature three years from the closing date and bear interest at a rate of 10% per annum, payable in equal semi-annual installments.
0If Uragold has not achieved 6N Purity by the time of investment of the $1,750,000 convertible debenture, the first priority of Uragold is to use the funds to achieve 6N Purity.

-3,000,000 Convertible Debenture:

-During Q1 2017, but no later then 30 days after Uragold confirms having received all the required permits to start the construction of the Generation 2 PUREVAP(TM) QVR, as well as, confirmation that it has secured the required other financing of $ 12M, the investors shall proceed with a $ 3M private placement by way of convertible debenture.-The terms of the Convertible debenture Private Placement shall be:

–Uragold shall issue to the investor $ 3,000,000 principal amount of convertible debentures, which will be secured by the Quartz properties of Uragold. The debenture placement will be subject to standard regulatory approvals.-The debenture will be convertible at the option of the holder into common shares of URAGOLD (the “Common Shares”) at any time after the issue date of the debenture and prior to the Maturity Date at a conversion price equal to 135% of the closing price of the stock the day prior the closing of the debenture financing.-The convertible debentures mature three years from the closing date and bear interest at a rate of 10% per annum, payable in equal semi-annual installments.

About Uragold

Uragold, with its worldwide exclusive usage of the PUREVAP(TM) Quartz Vaporization Reactor (“PUREVAP(TM) QVR”), is endeavouring to become a vertically integrated High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.

The PUREVAP(TM) QVR process’s big advantage is its one step direct transformation of Quartz High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer, thereby potentially allowing Uragold to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

Uragold is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

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.

For further information contact

Bernard J. Tourillon, Chairman and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.uragold.com

1 Unless specified, all Funds are in Canadian dollars (CAD $)

2 http://www.forbes.com/sites/uciliawang/2014/12/03/guess-who-are-the-top-10-solar-panel-makers-in-the-world/

3 Roskill: Silicon and Ferrosilicon: Global Industry Markets & Outlook report (2014)

Tags: #mining, #smallcapstocks, $TSXV, High Purity Quartz
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INTERVIEW: Durango Provides Update on Furthering Lithium Exploration Initiatives

Posted by AGORACOM-JC at 4:37 PM on Monday, November 30th, 2015

Acquired two limestone properties in north western British Columbia which have been strategically chosen in an effort to coincide with the LNG projects near Kitimat and Prince Rupert.
Both the Maynerâ€™s Fortune property and the Smith Island property have historical occurrences of limestone which will fast track the exploration to production timeline since they are near term producing properties.

Hub On AGORACOM / Corporate Profile / Watch Interview Now!

Tags: #mining, #smallcapstocks, $TSXV
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Phase I Geophysical Exploration on Decouverte Property Completed

Posted by AGORACOM-JC at 11:05 AM on Monday, November 30th, 2015

Company providing update in relation to its grant from the Institut National de la Recherche Scientifique of Quebec for the deep geophysical surveys on Durango’s wholly owned DecouverteÂ property
The INRS grant on the Decouverte property was used to focus on defining the electromagnetic (EM) anomalies from Durango’s Dighem airborne survey, which may be indicative of massive sulphide mineralization

Vancouver, BC / November 30, 2015 – Durango Resources Inc. (the “Company” or “Durango“) is pleased to provide an update in relation to its grant from the Institut National de la Recherche Scientifique (“INRS”) of Quebec for the deep geophysical surveys on Durango’s wholly owned Decouverte (Discovery) property.

The Decouverte property is located in the Frotet-Evans greenstone belt in northern Quebec approximately 100 km to the northwest of the town of Chibougamau, neighbouring on the east side of Osisko Gold’s Assinica property (TSX-OR), 10km southwest of Beaufield Resources Inc.’s Troilus-Tortigny Property (TSX.V-BFD) and 60 km to the southwest of the former-producing Troilus mine.

The INRS grant on the Decouverte property was used to focus on defining the electromagnetic (EM) anomalies from Durango’s Dighem airborne survey, which may be indicative of massive sulphide mineralization. The field exploration program conducted in November 2015 included magnetometric, gravimetric and audiomagnetotellurics surveys along kilometer long sections which intersected different geological structures of interest for mineral exploration.

One section examined, crosses a magnetic high and a strong conductor hosted in a basaltic unit which is probably hosting an iron formation or possibly volcanogenic mineralization. Preliminary interpretation of the audiomagnetotellurics data shows distinct geolectric features up to 2,000m (depth).

Rock sampling was conducted to allow for petrophysics laboratory study on the Decouverte rocks. All geophysical, petrophysical and geological data will be examined over the next few months and will be used to develop a model of the deep geology of the property. Additional information will be released as it becomes available.

Marcy Kiesman, CEO, states, “The Decouverte property remains a compelling project for Durango due to its volcano-sedimentary environment and structural geology which increases the potential for a significant gold and /or VMS deposit. It is noteworthy that there are three important massive sulphide showings to the west (Fallara, Rapides Assinica and Lucky Strike) and to the East there are VMS deposits with proven resources (Tortigny, Lessard, De Maures, Moleon). Osisko neighbours to the west of Decouverte and is also exploring mindful that VMS deposits often occur in clusters which means the discovery of one may indicated that there are others nearby.”

The technical information in this news release has been reviewed and approved by Marc Richer-Lafleche, P.Geo QC, a qualified person as defined in National Instrument 43-101.

About Decouverte

The Decouverte property is in the Frotet-Evans greenstone belt approximately 60 kilometres southwest of the former Troilus copper-gold mine, which produced over two million ounces Au and 50,000 tonnes Cu from 1997 to 2010. The property covers approximately 5,900 hectares covering a synclinal fold nose of Archean units transected by a major northeast-trending shear zone. Durango carried out a helicopter-borne DIGHEM EM/magnetic airborne geophysical survey on the property in 2011 (NR Nov. 24, 2011) and soil geochemistry and prospecting in 2013 and 2014 targeting areas identified in the airborne survey. The geological setting is mainly mafic volcanics (basalts/andesites), in places strongly sheared, cut by pegmatitic granitic units, and significant sedimentary, oxide and sulphide facies iron formation units. Alteration including silica, sericite and iron carbonate is noted. Significant soil values included 174 ppb gold, 0.66 ppm silver, 150 ppm nickel, 200 ppm copper and 240 ppm barium. Chip/channel rock samples gave values of 7.6 g/t gold and 6.24 g/t gold hosted in narrow quartz veins in mafic volcanics, in the contact area with the pegmatitic granite. The property is located 100 kilometres north of Chibougamau, Quebec and benefits from favourable infrastructure, including road accessibility, being 10 kilometres from Route du Nord, and a power line that bisects the property.

PHASE I travaux geophysiques au PROPRIETE DECOUVERTE REMPLI
Vancouver, Colombie-Britannique / TheNewswire / Novembre 30, ici a 2015 – Ressources Durango Inc. (la “Societe” ou “Durango”) est heureuse de fournir une mise a jour par rapport a sa subvention de l’Institut national de la recherche scientifique (<<INRS>>) de Quebec pour les leves geophysiques profondes sur Decouverte (Discovery) la propriete a part entiere de Durango.

La propriete Decouverte est situe dans la ceinture de roches vertes de Frotet-Evans dans le nord du Quebec a environ 100 km au nord-ouest de la ville de Chibougamau, voisin sur le cote est de la propriete Assinica d’Osisko Gold (TSX-OR), 10 km sud-ouest de Beaufield Resources Inc. Troilus-Tortigny propriete (TSX.V-BFD) s >>et a 60 km au sud-ouest de l’ancienne mine Troilus-production.

La subvention de l’INRS sur la propriete Decouverte a ete utilise pour se concentrer sur la definition des electromagnetique (EM) des anomalies de l’enquete Dighem aeroportee de Durango, qui peut etre indicatif de mineralisation de sulfures massifs. Le programme d’exploration sur le terrain menee en Novembre 2015 inscrits, les etudes gravimetriques et magnetometriques audiomagnetotellurics long kilometre de long qui a recoupe sections differentes structures geologiques d’interet pour l’exploration miniere.
Une section a examine, traverse une haute magnetique et un conducteur forte heberge dans une unite basaltique qui est sans doute l’hote d’une formation de fer ou la mineralisation volcanogene eventuellement. L’interpretation preliminaire des donnees montre geolectric audiomagnetotellurics distincte offre jusqu’a 2000 m (profondeur).

Echantillonnage de roches a ete realisee pour permettre l’etude de laboratoire petrophysique sur les rochers Decouverte. Toutes les donnees geophysiques, petrophysiques et geologiques seront examinees au cours des prochains mois et seront utilises pour developper un modele de la geologie profonde de la propriete. Des informations supplementaires seront rendues publiques des qu’elles seront disponibles.
Marcy Kiesman, chef de la direction, les etats, “La propriete decouverte reste un projet convaincant pour Durango en raison de son environnement volcano-sedimentaire et la geologie structurale qui augmente le potentiel pour une medaille d’or significative et / ou gisement de SMV. Il est a noter qu’il ya trois importante massif occurrences de sulfures a l’ouest (Fallara, Rapides Assinica et Lucky Strike) et a l’Est il ya des gisements de SMV avec des ressources prouvees (Tortigny, Lessard, de Maures, Moleon). Voisins Osisko a l’ouest de decouverte et explore egalement conscient que VMS depots se produisent souvent en grappes qui signifie que la decouverte de l’un peut a indique qu’il y en a d’autres a proximite.”

L’information technique contenue dans ce communique de nouvelles a ete examine et approuve par Marc Richer-Lafleche, geologue QC, une personne qualifiee tel que defini dans la Norme canadienne 43-101.
A propos Decouverte

La propriete est decouverte dans la ceinture de roches vertes de Frotet-Evans environ 60 kilometres au sud-ouest de l’ancienne mine Troilus de cuivre-or, qui a produit plus de deux millions onces d’or et 50.000 tonnes Cu de 1997 a 2010. La propriete couvre environ 5900 hectares couvrant un pli synclinal nez d’unites archeennes sectionnes par une zone de cisaillement majeure direction nord-est. Durango a effectue une heliporte Dighem EM / magnetique du leve geophysique aeroporte sur la propriete en 2011 (NR 24 novembre 2011) et de la geochimie des sols et de prospection en 2013 et 2014 domaines ciblant identifie dans le leve aeroporte. Le contexte geologique est principalement volcanites mafiques (basaltes / andesites), dans des endroits fortement cisaillees, coupees par des unites pegmatitiques granitiques et sedimentaires significative, l’oxyde et le sulfure de fer au facies des unites de formation. Alteration y compris la silice, sericite et de carbonate de fer est note. Les valeurs du sol importantes comprises 174 ppb d’or, 0,66 ppm d’argent, 150 ppm de nickel, de 200 ppm de cuivre et 240 ppm de baryum. Chip echantillons / canal de rock ont donne des valeurs de 7,6 g / t d’or et 6,24 g / t d’or heberge dans des veines de quartz etroites dans volcanites mafiques, dans la zone de contact avec le granite pegmatitiques. La propriete est situee a 100 kilometres au nord de Chibougamau, Quebec et les avantages d’une infrastructure favorable, y compris l’accessibilite routiere, etant de 10 kilometres de la route du Nord, et une ligne electrique qui traverse la propriete.

About Durango

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

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900

Facsimile: 888.266.3983

Email: [email protected]

Website: www.durangoresourcesinc.com

Forward-Looking Statements

Tags: #mining, #smallcapstocks, $TSXV, CSE, gold, lithium
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St-Georges Partners with Strategic Metallurgy

Posted by AGORACOM-JC at 2:58 PM on Thursday, November 26th, 2015

Â Announced that it has signed a binding letter of intent with Strategic Metallurgy Pty Ltd. of Australia and its president Mr. Gary Johnson
Â Letter of intent creates a partnership between St-Georges and Strategic Metallurgy in the development and commercialization of new mining extraction technologies aimed to result in cleaner and more environmentally friendly extraction processing technology

Montreal, Quebec / November 26, 2015 – St-Georges Platinum and Base Metals Ltd. (OTC: SXOOF) (CSE: SX) (FSE: 85G1) is pleased to announce that it has signed a binding letter of intent with Strategic Metallurgy Pty Ltd. of Australia and its president Mr. Gary Johnson.

The letter of intent executed this week creates a partnership between St-Georges and Strategic Metallurgy in the development and commercialization of new mining extraction technologies aimed to result in cleaner and more environmentally friendly extraction processing technology and significantly lower nickel extraction costs in future generation mills.

Technology Focus

St-Georges will move its focus from mining exploration to mining technology research & development with the goal of creating a basket of patented technologies marketable in the near future. The Company will create a subsidiary that will be co-managed by Gary Johnson and Enrico Di Cesare, a metallurgist and director of the Company, which will have the mandate to advance nickel-related extraction research projects.

The near-term research program will target these initial sets of processing technologies already identified by Strategic Metallurgy:

– Pre-concentration flotation of difficult ore under modified chemistry conditions. Possible step change in recovery-grade performance for nickel sulfide flotation;

– Upgrading of nickel laterites by the systematic elimination of gangues materials. Mineralogy driven with hydrometallurgy approach that reduces drastically the cost of iron handling in the process;

– High-pH leaching of high MgO sulfide ores in the presence of complexing agents;

– Treating pyrrhotite concentrates already mined and milled (0.6-1.0% Ni) with hydrometallurgy

Enrico di Cesare stated, “The rise in extraction costs, stringent environmental emission targets and the drop in metal prices have triggered a renewed interest in cost-effective and green processing technologies with existing metal producers (…) our goal is to position ourselves as an important provider of innovative solutions that will enable cash-restricted companies to improve their bottom lines with their current operations, find solutions for minerals that are currently seen as ‘difficult’ and position ourselves as a provider of environmentally friendly processing solutions.”

Financing

Strategic Metallurgy has agreed to put in place a collateralized line of credit (“CLOC”) in favor of St-Georges for an amount up to $1 million CAD. The collateral used for the CLOC will be created in the form of an equity subscription by Strategic Metallurgy for 10,800,000 units (“Units”) at a price of $0.065 per Unit, for gross proceeds to St-Georges of $702,000. Each Unit will include a common share in the capital of the Company at a deemed price of $0.065 and one common share purchase warrant (“Warrant”). Each Warrant will entitle its holder to purchase one common share at a price of $0.10 for a period of three years from closing; the Warrants will be transferable. The Warrants will be distributed to the shareholders of Strategic Metallurgy after their regulatory hold period of four months. The common shares will be held in escrow, with such escrow agent to be appointed by St-Georges.

The CLOC will only be used for R&D expenses. St-Georges will have the choice to repay the CLOC either in cash or by letting Strategic Metallurgy receive the shares held in escrow.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, President

About St-Georges

St-Georges is working at developing innovative environmentally friendly mining extraction processing technologies and tailing reclamation solutions. The Company focuses on Platinum-Palladium, Copper-Cobalt & Nickel Extraction Processes. The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Tags: #mining, #smallcapstocks, $TSXV, CSE, nickel, strategic metallurgy pty
Posted in St. Georges Platinum and Base Metals | Comments Off on St-Georges Partners with Strategic Metallurgy

CLIENT FEATURE: Dusolo (DSF: TSX-V) Capitalizing on Brazilâ€™s Growing Demand for Fertilizer

Posted by AGORACOM-JC at 10:51 AM on Thursday, November 26th, 2015

BY BEING A DOMESTIC FERTILIZER PRODUCER, DUSOLO IS ABLE TO OFFER A PREMIUM PRODUCT AT A SIGNIFICANTLY LOWER COST

Direct Application Natural Fertilizer (DANF) product is in demand in the region

Flagship asset, the Bomfim Project, is 100% owned and located in one of the worldâ€™s fastest growing agrarian regions

Bomfim Processing Plant operating at full capacity

On track to produce at least ~100,000 tonnes of DANF in 2015

Sales contracts in place for 2015 planting season: 81,100 tonnes for ~C$8.5 million

Starting to generate revenue

MANY NEAR TERM CATALYSTS EXPECTED

Entering into additional DANF product sales contracts
Doubling capacity at our processing facility to 160,000 tonnes per year
Updating the National Instrument 43-101 Resource Estimate to include results from the 2015 drill campaign – Recent drill results confirm presence of additional high-grade phosphate mineralization beyond areas identified in initial resource estimate
Third Party Economic Evaluation of Operations Planned for 2015
Strong Financial Backing

Company entered into an agreement with MineraÃ§Ã£o Batalha e ParticipaÃ§Ãµes Ltda. to acquire the SÃ£o Roque Phosphate Project in southeast Brazil.

The Project’s highlights include:

Located within the agribusiness region of Minas Gerais and SÃ£o Paulo states, with many coffee, orange and sugar-cane (ethanol) plantations in the surrounding area.

At surface, high-grade phosphate mineralization has been identified with multiple grab samples from outcrops confirming >20% P₂O₅.

Geophysics anomalies very well defined and confirmed by surface sampling.

Close proximity to infrastructure, including roads, rail, water and power, and existing fertilizer producers. City of Piumhi is 40 km from the Project.

70% interest earned through commitment to invest in exploration and project development. No direct payment to JV Partner.

BRAZILâ€™S DOMESTIC FERTILIZER SUPPLY DOES NOT MEET CURRENT DEMANDS

Worldâ€™s largest exporter of sugar, coffee and orange juice and the 2^nd largest in soybean exports

Brazil imports more than 50% of phosphate fertilizers used overseas

Significant transportation and logistic-related costs are added to imported fertilizers

DuSoloâ€™s is increasing the supply of domestically produced fertilizers

Helping the country achieve agricultural self-sufficiency

FLAGSHIP ASSET LOCATED IN ONE OF THE WORLDâ€™S LARGEST AGRICULTURAL REGIONS

The Cerrado region is home to one of the largest arable landmasses in the world

Majority of future increases in global food production is expected to come from this region

The tropical rains in the Cerrado wash away nutrients, leaving the soil poor for farming and needing to be fertilized frequently

Cerrado is land locked, therefore making fertilizer imports very expensive

STRONG DEMAND FOR DANF EXISTS IN THE REGION

Within a 500 km radius of DuSoloâ€™s processing facility:

1.2 million tonnes of phosrock is being consumed every year

585 farms and agricultural centres exist

DANF consumption is growing at a compound annual growth rate of 6%

No domestic production

Tags: #mining, #smallcapstocks, $TSXV, brazil, farming, fertilizer
Posted in AGORACOM Client Feature, All Recent Posts, DuSolo Fertilizers Inc. | Comments Off on CLIENT FEATURE: Dusolo (DSF: TSX-V) Capitalizing on Brazilâ€™s Growing Demand for Fertilizer

KWG Resources Inc.: Ontario Court of Appeal Reserves Decision Following Hearing of Canada Chrome Corporation Appeal

Posted by AGORACOM-JC at 5:23 PM on Wednesday, November 25th, 2015

Three judge panel of the Ontario Court of Appeal has reserved its decision following arguments presented today by Noront Resources Ltd. and the Attorney General of Ontario to the appeal of KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) subsidiary Canada Chrome Corporation
Court of Appeal had previously on January 27, 2015 issued an Order granting leave to appeal the decision of the Divisional Court of the Ontario Superior Court of Justice released July 30, 2014

TORONTO, ONTARIO–(Nov. 25, 2015) – A three judge panel of the Ontario Court of Appeal has reserved its decision following arguments presented today by Noront Resources Ltd. and the Attorney General of Ontario to the appeal of KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) subsidiary Canada Chrome Corporation.

The Court of Appeal had previously on January 27, 2015 issued an Order granting leave to appeal the decision of the Divisional Court of the Ontario Superior Court of Justice released July 30, 2014. As reported on August 1, 2014, the Divisional Court decision ruled that CCC’s consent should be waived in an application for an easement to build a road over its mining claims.

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired patent interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. The company has determined that the reduction method can be employed to metalize finely ground chromite which could also be recovered from slurry delivered to Aroland in an underground pipeline constructed within the CCC claims.

Shares issued and outstanding: 845,147,718

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

Tags: #mining, #smallcapstocks, CSE, ring of fire, ROF
Posted in KWG Resources | Comments Off on KWG Resources Inc.: Ontario Court of Appeal Reserves Decision Following Hearing of Canada Chrome Corporation Appeal

China Railway FSDI Signs KWG Standstill Agreement

Posted by AGORACOM-JC at 9:53 AM on Tuesday, November 24th, 2015

Signed a Confidentiality and Non-Disclosure Agreement arranged by Golden Share Mining Corporation (TSX VENTRUE:GSH) (“GSH”)
Includes a three-year standstill provision, to enable the scoping and engineering data of KWG subsidiary Canada Chrome Corporation (“CCC”) to be made available for examination and analysis by FSDI

TORONTO, ONTARIO–(Nov. 24, 2015) – KWG Resources Inc. (CSE:KWG) (“KWG”) and China Railway First Survey & Design Institute Group Co., Ltd. (“FSDI”) have signed a Confidentiality and Non-Disclosure Agreement arranged by Golden Share Mining Corporation (TSX VENTRUE:GSH) (“GSH”), which includes a three-year standstill provision, to enable the scoping and engineering data of KWG subsidiary Canada Chrome Corporation (“CCC”) to be made available for examination and analysis by FSDI. The parties intend to explore the possibility of a negotiated transaction between them for FSDI to undertake a feasibility study for KWG on all aspects of the construction of a Ring of Fire transportation corridor and railroad, including terms for construction financing facilities. FSDI has begun its review of the CCC data and advises that it will deliver a proposal to the parties as soon as possible in preparation for discussions in early 2016.

To advance the ongoing anticipated negotiations, CCC has engaged GSH as its representative and advocate in China. GSH is indirectly controlled by the Beijing Institute of Geology for Mineral Resources, a Chinese State Owned Enterprise. As a completion incentive, CCC will grant to GSH a finder’s fee for capital expenditures made by FSDI and its affiliates and associates for any transportation assets with which the CCC lands are improved, of 1% of all construction expenditures, payable on substantial completion of construction and thereafter a royalty on revenues generated by such transportation assets of 1.5% of freight revenues, payable quarterly.

To secure access to its mineral interests in the Ring of Fire, in 2010 CCC staked mineral claims along a 340 kilometre long route covering a series of sand ridges. These claims traverse the traditional territories of the Aroland and Marten Falls First Nations who accordingly have a keen interest in development of any transportation corridor along that alignment. The interests of these two First Nations and their Matawa Tribal Council neighbours must be accommodated for any construction to proceed and are expected to be negotiated as part of the feasibility study process.

About FSDI:

Established in 1953, China Railway First Survey & Design Institute Group Co., Ltd. (“FSDI”) holds 26 national Grade-A complex qualification certificates for engineering survey, design, supervision and consultation.

Over the past 60 years since establishment, FSDI has led the design and construction of over 48,000 km of railways represented by western China’s railway network, and undertaken over 5,000 km of high-speed railways which have been in operation or are under construction in China.

FSDI has undertaken rail transit projects in over 30 cities of China, fully covering the whole process or industrial chain of planning, design, consultation, supervision, EPC and general property development of means of transport such as subway, light rail and tramcar. It has also undertaken railway, highway and subway consultation and design projects measuring a total of over 2,000 kilometers in over 40 countries.

FSDI’s complete survey & design technologies have been up to domestic or world advanced standards in fields such as mountain railways, plateau permafrost railways, desert railways, electrified railways, super long tunnels, large railway hubs or marshalling stations, wireless train control, command scheduling systems, and large interchange engineering.

About KWG:

Cautionary Note Regarding Forwardâ€Looking Statements: This Press Release contains or refers to “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “budget”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. All information, other than information regarding historical fact that addresses activities, events or developments that KWG believes, expects or anticipates will or may occur in the future is forward-looking information. Forward-looking information contained in this Press Release is subject to a number of risks and uncertainties that may cause the actual results of KWG to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, KWG. Should one or more of these risks and uncertainties occur, such as: the parties failing to explore the possibility of a negotiated transaction between them for FSDI to undertake a feasibility study for KWG on all aspects of the construction of a Ring of Fire transportation corridor and railroad, including terms for construction financing facilities; the actual results of current exploration programs; risks normally incidental to exploration and development of mineral properties; the uncertainty of mineral resources estimates; uncertainties in the interpretation of drill results; the possibility that future exploration, development or mining results will not be consistent with expectations; the grade and recovery of ore varying from estimates; the general risks associated with the mining industry; adverse changes in commodity prices; currency and interest rate fluctuations; increased competition and general economic and market factors, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forwardâ€ looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forwardâ€looking statements.

Shares issued and outstanding: 845,147,718

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

Tags: #mining, #smallcapstocks, chromite, CSE, FSDI, ring of fire, ROF
Posted in KWG Resources | Comments Off on China Railway FSDI Signs KWG Standstill Agreement

Uragold Completes Fieldwork Phase Of Program To Validate Historical Estimate Of Roncevaux High Purity Quartz Vein Deposits

Posted by AGORACOM-JC at 9:49 AM on Tuesday, November 24th, 2015

Announced that the INRS (Eau Terre Environnement) team has completed the fieldwork phase of its ongoing exploration program on the Roncevaux High Purity Quartz vein property located in the Matapedia Valley in the Gaspe region of Quebec
Uragold is the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims.

Montreal, Quebec / November 24 2015 – Uragold (TSX Venture: UBR) is pleased to announce that the INRS (Eau Terre Environnement) team has completed the fieldwork phase of its ongoing exploration program on the Roncevaux High Purity Quartz vein property located in the Matapedia Valley in the Gaspe region of Quebec. Uragold is the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims.

INDUSTRY COVETS RONCEVAUX HIGH PURITY QUARTZ

The material’s unique characteristics make it highly coveted within the industry, as confirmed by the following:

March 2, 2015 – A major Silicon Metal Producer (1st Producer) expressed interest in purchasing 20,000 – 50,000 tons of High Purity Lump Quartz from Roncevaux. The 1st Producer confirmed material from Roncevaux successfully passed rigorous internal testing protocols, deeming our material highly suited for their Silicon Metal production plant.

August 27, 2015 – A second major Silicon Metal Producer, for the purpose of securing material for their plant, requested High Purity Quartz samples from Roncevaux for evaluation.

TRANSFORMING RONCEVAUX QUARTZ INTO HIGH VALUE END PRODUCT

In addition to the above, Uragold is also evaluating the possibility of becoming a fully integrated vertical producer of High Purity Solar Grade Silicon Metal / Value End Products:

September 30, 2015 – Uragold announced a partnership with Pyrogenesis Canada, in which PyroGenesis granted Uragold a worldwide exclusive right to the usage of the PUREVAP (TM) Quartz Vaporization Reactor technology. The purpose of the partnership is to transform our High Purity Quartz into High Purity Solar Grade Silicon Metal / Value End Products such as:

-Solar Grade Silicon Metal (“UMG Si”) 6N to 8N purity Si which presently sells for $USD 12.51 per Kg ($USD 12,510 per Metric ton)1;-Polysilicon or 9N Si which presently sells for $USD 14.10 per Kg ($USD 14,100 per Metric ton)2

Successful testing of this process and transformation of our High Purity Quartz into High Purity Solar Grade Silicon Metal, is expected to be completed in Q1 2016, and will put Uragold in a position to turn its Quartz Projects into the Highest Purity, Lowest Cost Supplier to the Solar Industry.

Bernard Tourillon, Chairman and CEO of Uragold stated: “The science behind the PUREVAP (TM) Quartz Vaporization Reactor is strong: A Plasma arc based process can transform High Purity Quartz into Metallurgical Grade Silicon Metal (“Mg Si”). The Plasma arc based process can then be used to purify Mg Si into higher value materials such as Solar Grade Silicon Metal. Furthermore, refining Mg Si using an electron-beam furnace in a high vacuum processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon. What is unique and ground breaking about the PyroGenesis approach is the combination of these three proven processes into one step”

FIELDWORK COMPLETED BY INRS DURING THE FIRST EXPLORATION PHASE

-Twelve (12) lines of forest were cut and cleared for geological mapping and for geophysics work that included:
- -High-resolution magnetometric survey (total field and gradient) (GSM-19)-Frequency-domain electromagnetic survey (Iris Promis-10)-Four electrical resistivity tomographic sections (ABEM Terrameter LS)
-New trenches were excavated and old trenches were cleaned to allow channel sampling of the quartz vein and the collection of 200 Kg samples for:
- -High precision geochemical evaluation to be done by the INRS; and-2nd Producer evaluation and Dorfner Anzaplan test regarding the development of property specific beneficiation processes for the production of ultra high purity quartz sands (99.99+% SiO2) (April 13, 2015 press release).

Results of the geophysics and geochemical work will allow the planning of a drilling program to confirm SiO2 purity at depth and to validate the historical estimates of 414,700 tons of High Purity Quartz contained in the V1 vein structure (grading @ 99.20% of SiO2) (GM60610: Barrette, Jean-Paul. 2003. Rapport des travaux d’exploration miniere sur la veine de quartz pur. Projet Silice Roncevaux, Canton Roncevaux, Gaspesie)

Patrick Levasseur, President and COO of Uragold stated, “This work is advancing our understanding of the Roncevaux quartz deposit. When combining our technology partnership with PyroGenesis Inc. and our properties portfolio, Uragold is well positioned to become a Green Tech industry leader in the quartz value added business.”

All information such as resource estimates and grades herein presented is historical in nature and while relevant, the information was obtained before the implementation of National Instrument 43-101 and as such does not meet National Instrument 43-101 reporting standards. The historical estimate should not be relied upon until the Company can confirm them.

The work was complete by a team supervised by Dr. Marc Richer-LaFleche, Ph.D. (Geo) the Institut National de la Recherche Scientifique (INRS, Eau Terre Environnement). Mr. Vivian Stuart-Williams, SACNASPS, working under Special Authorization #308 of the Quebec Order of Geologist, is an Independent Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

About Uragold

Uragold, with its worldwide exclusive usage of the PUREVAP (TM) quartz vaporization reactor, is endeavouring to become a vertically integrated Silicon Metal, Solar Grade Silicon Metal and Polysilicon producer.

The PUREVAP (TM) quartz vaporization reactor process’s big advantage is its one step direct transformation of Quartz into Solar Grade Silicon and/or Polysilicon, thereby potentially allowing Uragold to manufacture high value material (Solar Grade Silicon and Polysilicon) for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Silicon using the traditional arc furnace approach.

For further information contact

Bernard J. Tourillon, Chairman and CEO Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.uragold.com

Tags: #mining, #smallcapstocks, $TSXV, gold, High Purity Quartz, High Purity silica
Posted in Uragold | Comments Off on Uragold Completes Fieldwork Phase Of Program To Validate Historical Estimate Of Roncevaux High Purity Quartz Vein Deposits

Durango Enters ROFR on South Clayton Valley Lithium

Posted by AGORACOM-JC at 9:20 AM on Monday, November 23rd, 2015

Agreed to terms in a right of first refusal (ROFR) with an arm’s length vendor for a 2,460 acre lithium project called the East Fault claims located in the South Clayton Valley of Nevada, USA
East Fault claims cover the area from Pure Energy Minerals’ (TSX-V:PE) eastern border to the east bounding (graben) faults the East Fault and E-2 Fault.

Vancouver, BC / November 23, 2015 – Durango Resources Inc. (the “Company” or “Durango”) announces that it has agreed to terms in a right of first refusal (ROFR) with an arm’s length vendor for a 2,460 acre lithium project called the East Fault claims located in the South Clayton Valley of Nevada, USA.

The East Fault claims cover the area from Pure Energy Minerals’ (TSX-V:PE) eastern border to the east bounding (graben) faults the East Fault and E-2 Fault. The property includes eleven kilometers (7 miles) of the East Fault, 3.5 kilometers (2.2 miles) of the E-2 Fault, and eight kilometers (5 miles) of the (projected) 1,000 meter bedrock depth gravity contour (See Pure Energy NI 43-101 Technical Report, July 17, 2015).

The ROFR terms set out between Durango and the vendor specify that Durango has 30 days to complete due diligence on the claims and the accompanying data and enter into a definitive agreement. Once an agreement is signed the Company will:

-Issue one million shares of Durango to the vendor after approval of the transaction by the TSX Venture Exchange;

-Sign a 3% Net Smelter Royalty (NSR), with the option of a 1% buyback for $1M within three years of signing a definitive agreement; and

-Pay $29,000 USD in claim fees.

Further details on the East Fault property will be announced as they become available. Durango looks to complete private placement and flow through financings to enable immediate exploration on the NMX East claims adjacent to Nemaska Lithium (TSX.V-NMX) and to further evaluate the claims adjacent to Pure Energy in Nevada, USA.

The technical contents of this release were approved by Mr. Case Lewis, P.Geo., a qualified person as defined by National Instrument 43-101.

About Durango

DURANGO ENTRE DPR SUR SUD CLAYTON VALLEY LITHIUM

Vancouver, Colombie-Britannique / TheNewswire / 23 Novembre, ici a 2015 – Ressources Durango Inc. (la “Societe” ou “Durango”) annonce qu’elle a convenu de termes dans un droit de premier refus (DPR) avec une longueur de fournisseur d’un bras pour un acre 2460 projet de lithium appele revendications Fault-Orient situes dans le sud de la vallee de Clayton Nevada, USA.

Les revendications Fault-Orient couvrent la zone de Pur Minerals energie ‘(TSX-V: PE) frontiere orientale aux delimitation Est (graben) defauts de la faute de l’Est et E-2 defauts. La propriete comprend onze kilometres (7 miles) de la faille de l’Est, a 3,5 kilometres (2,2 miles) de la faille de E-2, et a huit kilometres (5 miles) de la (projetee) de 1000 metres de profondeur du substratum rocheux gravite contour (Voir Ni pur energie Rapport technique 43-101, le 17 Juillet, 2015).

Les termes DPR enonces entre Durango et le vendeur preciser que Durango a 30 jours pour completer la diligence raisonnable sur les revendications et les donnees d’accompagnement et de conclure un accord definitif. Une fois qu’un accord est signe la Societe seront:

o Numero un million d’actions de Durango au vendeur apres l’approbation de la transaction par la Bourse de croissance TSX;

o Signer une fonderie de 3% net Libre (NSR), avec l’option d’un rachat de 1% pour 1 M $ dans les trois ans suivant la signature d’un accord definitif; et

o Payer 29.000 $ USD en frais de reclamation.

Plus de details sur la propriete Fault-Orient seront annonces des qu’ils seront disponibles. Durango cherche a completer un placement prive et de circuler a travers des financements pour permettre l’exploration immediate sur la NMX-Orient claims adjacents a Nemaska Lithium (TSX.V-NMX) et pour evaluer davantage les claims adjacents a Pure Energy dans le Nevada, USA.

Le contenu technique de ce communique de presse ont ete approuvees par M. Case Lewis, P.Geo., Une personne qualifiee tel que defini par la Norme canadienne 43-101.

A propos de Durango

Durango est une societe des ressources naturelles engagee dans l’acquisition et l’exploration de proprietes minieres. La Societe a un interet de 100% dans la fortune et Smith Island proprietes de calcaire de la Mayner du nord-ouest Colombie-Britannique, la decouverte et de proprietes auriferes Trove dans la region de l’Abitibi au Quebec, et la propriete de lithium NMX Est, pres de la mine Whabouchi au Quebec, ainsi que trois jeux de revendications dans le couloir de nickel du Labrador.

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.

Tags: #mining, #smallcapstocks, $TSXV, lithium
Posted in Durango Resources | Comments Off on Durango Enters ROFR on South Clayton Valley Lithium

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