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Power Nickel Continues to Uncover High-Grade Discoveries at Lion Zone – A Step Closer to Major Expansion

Posted by Paul Nanuwa at 11:40 AM on Friday, November 15th, 2024

In the dynamic world of mineral exploration, where risk meets opportunity, Power Nickel Inc. (PNPN:TSX-V) (PNPNF:OTCQB) has once again captured investor attention with its latest drilling results from the Lion Zone. With assays confirming exceptional grades of copper equivalent (CuEq), this Canadian junior exploration company is setting the stage for transformative growth. The announcement comes as the company continues to solidify its position in the high-stakes race to develop Canada’s next polymetallic mine.

Background and Context: Power Nickel’s Journey and Vision

Founded on the ambition to unlock Canada’s mineral wealth, Power Nickel has carved out a niche in the exploration and development of high-grade nickel-copper-platinum group metal (PGM) deposits. Its flagship Nisk Project—acquired in 2021—covers an extensive 20-kilometer land package in Quebec, rich with untapped potential.

The Lion Zone, a part of the Nisk Project, has been the focal point of Power Nickel’s recent exploration efforts. Located in a region with a strong mining legacy, the zone’s polymetallic deposits are promising not only for their grade but also for their economic feasibility, thanks to modern mining technologies and infrastructure in Quebec.

This latest update builds on Power Nickel’s history of strategic exploration success, highlighting its ability to deliver consistent, high-grade results.

Key Highlights and Advantages: A Roaring Discovery

Power Nickel’s recent assay results underline the Lion Zone’s remarkable potential. Among the highlights:

Hole PN-24-072 delivered 19.6 meters of 3.82% CuEq, including:
- 4.5 meters of exceptionally high-grade mineralization at 6.4% CuEq.
Hole PN-24-074 yielded 23.55 meters of 0.6% CuEq, featuring:
- 2.5 meters of 5.1% CuEq, demonstrating concentrated mineralization.
Hole PN-24-075 recorded 19.2 meters of 1.04% CuEq, with intervals of:
- 3.4 meters containing 3.6 g/t palladium (Pd) and 3.38 g/t platinum (Pt).

These results not only confirm the zone’s polymetallic nature but also highlight its versatility with recoverable gold, silver, platinum, palladium, nickel, and copper.

The company’s utilization of downhole electromagnetic (EM) technology is enhancing its exploration efficiency, enabling larger step-outs and accelerating discovery.

Potential Impact: Shaping the Future of Polymetallic Mining

The Lion Zone discovery positions Power Nickel to play a pivotal role in Canada’s mining sector, addressing growing global demand for critical minerals. Key advantages include:

Economic Potential: High-grade deposits like these reduce operational costs and improve project viability.
Environmental Efficiency: Concentrated mineralization may allow for more efficient extraction, aligning with sustainable mining practices.
Strategic Relevance: With demand for PGMs, nickel, and copper surging due to their role in electric vehicles and renewable energy systems, Power Nickel is well-placed to capitalize on global market trends.

Expert Insights: Confidence in the Lion Zone

Terry Lynch, CEO of Power Nickel, expressed enthusiasm about the findings:
“The summer of 2024 will be remembered as an epic one regarding the Lion Zone. As we push west, we’re refining our understanding of the zone, and the results are only getting better. Expect more roars from the Lion Zone soon.”

Kenneth Williamson, Vice President of Exploration, emphasized the company’s commitment to precision-driven expansion:
“We are actively processing data from advanced geophysical techniques, which will enable us to step out confidently and uncover the zone’s full potential.”

Challenges and Considerations: Navigating the Road Ahead

While the results are promising, challenges remain:

Exploration Risks: As with any mining project, geological variability could impact future results.
Market Volatility: Fluctuating commodity prices may influence project economics.
Operational Scalability: Scaling up to meet exploration goals will require sustained capital and technical expertise.

Power Nickel’s strategy of employing rigorous quality assurance and geophysical techniques demonstrates its proactive approach to mitigating these risks.

Conclusion: A Lion’s Leap Towards Mining Excellence

Power Nickel’s latest drilling results from the Lion Zone underscore the company’s ability to deliver exceptional exploration outcomes. With significant grades of CuEq and a clear strategy for expansion, Power Nickel is proving itself as a formidable player in the quest for Canada’s next major polymetallic mine.

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Tags: #biggest, #class, #copper, #Deposit, #Discovery, #Drilling, #Gold, #lion, #massive, #mining, #Nickel, #palladium, #Pennystocks, #polymetallic, #silver, #Smallcap, #smallcaps, #smallcapstocks, #Stocks, #world, #zone, base, Metal, metals, natural, Platinum, precious, resource, results
Posted in AGORACOM Client Feature, AGORACOM Sector Spotlight, AGORACOM Small Cap Stocks For Investment, AGORACOM Small-Cap TV, AGORACOM Traffic, All Recent Posts, Power Nickel | Comments Off on Power Nickel Continues to Uncover High-Grade Discoveries at Lion Zone – A Step Closer to Major Expansion

Power Nickel Unveils Massive Intersection in Latest Exploration Success

Posted by Paul Nanuwa at 10:09 AM on Tuesday, October 29th, 2024

Canadian Explorer’s Summer Drilling Yields Richest Intersection to Date, Advancing Nickel and Copper Ambitions

Power Nickel Inc. (PNPN:TSX-V) (PNPNF:OTCQB), a Canadian junior exploration company, recently announced a major milestone in its exploration efforts with the discovery of its highest-grade copper equivalent intersection to date at its Lion Zone discovery within the Nisk Project.

This new finding—a 39.6-meter intersection at an impressive 4.19% copper equivalent (CuEq)—further underscores Power Nickel’s vision to establish Canada’s first carbon-neutral nickel mine and positions it as a formidable player in the battery metals sector. With record results and an expanding exploration footprint, Power Nickel’s Nisk Project is drawing attention from investors and industry insiders alike as a potential game-changer in the resource-rich landscape of Canada’s mining industry.

Power Nickel: A Rising Star in Battery Metals

Power Nickel, headquartered in Toronto, specializes in developing nickel and copper resources for sustainable energy applications. Since its inception, the company has focused on advancing its flagship project, the Nisk Property—a 20-kilometer land stretch with promising nickel, copper, and platinum group element (PGE) potential. Unlike conventional mining companies, Power Nickel aims to pioneer environmentally responsible practices in the mining industry, with ambitions to become Canada’s first carbon-neutral nickel mine. This goal resonates in the current market as demand for green energy metals is surging, driven by the global shift toward electric vehicles (EVs) and renewable energy solutions.

Power Nickel’s recent discoveries at the Nisk Project add another layer to the company’s growth narrative. The property, situated in Quebec, holds high-grade mineralization, particularly in its Lion Zone, which has consistently yielded substantial mineral intersections. As CEO Terry Lynch stated, the company is on a path to “build significant tonnage” that could feed into the resource model and advance Canada’s standing in the battery metals supply chain.

Major Milestone in Summer Drilling Campaign

Power Nickel’s summer drilling campaign has produced its biggest intersection to date: translating to rich quantities of valuable metals, including gold, silver, copper, platinum, palladium, and nickel. This record-breaking find is complemented by other recent assays that collectively strengthen the company’s confidence in the continuity and high-grade potential of the Lion Zone. The latest drill hole, PN-24-071, yielded an impressive combination of precious metals and critical minerals, including:

39.6 meters at 0.38 g/t Au, 19.57 g/t Ag, 2.62% Cu, 3.37 g/t Pd, 0.80 g/t Pt, and 0.13% Ni
A high-grade sub-section of 11.6 meters at 0.88 g/t Au, 49.9 g/t Ag, 8.25% Cu, 9.57 g/t Pd, 2.64 g/t Pt, and 0.34% Ni

These exceptional results suggest the Lion Zone could yield further high-grade intersections as exploration progresses, with two drills currently on-site to extend the mineralization zone. Furthermore, drilling resumed after a brief hiatus for the local Indigenous hunting season, with plans to expedite sample processing for timely results.

Strategic Advantages in a High-Stakes Industry

The latest findings in Power Nickel’s drilling campaign are not only promising but also well-timed. As nations worldwide transition to renewable energy, nickel and copper have become critical components of the clean energy economy, particularly for EV batteries. This emphasis on battery metals has increased demand and prices for these metals, putting Power Nickel’s exploration results in a positive spotlight. The Lion Zone’s mineral-rich content could provide Power Nickel with distinct advantages, including:

High-Grade, Multi-Metal Deposits: Rich in copper, nickel, gold, and PGEs, the deposit provides diversification, catering to multiple market demands.
Sustainability-Focused Vision: Aligns with Canada’s broader goal of developing responsible, low-carbon mining operations.
Significant Exploration Footprint: Expansive land with potential for further discoveries, ensuring sustained project growth and exploration opportunities.

The results of the summer drilling program set the stage for the fully funded 30,000-meter fall and winter drilling campaign, a move that could solidify Nisk’s standing as a leading asset in Power Nickel’s portfolio. As Lynch highlighted, the discoveries so far are “just the beginning” in realizing Nisk’s full potential.

Impact on Canada’s Clean Energy and Mining Landscape

As global supply chains increasingly look for ethically sourced and environmentally sustainable materials, Power Nickel’s Nisk Project holds broader implications for Canada’s position in the clean energy sector. With the goal of becoming carbon-neutral, Power Nickel aims to establish a mining model that prioritizes environmental stewardship. Not only does this ambition resonate with regulatory bodies, but it also attracts the interest of investors who are increasingly prioritizing Environmental, Social, and Governance (ESG) criteria in their portfolios. Should Power Nickel continue its successful exploration, it could enhance Canada’s competitiveness in the battery metals market, bolstering national efforts to produce and supply clean energy resources.

Expert Insight and Market Relevance

Ken Williamson, Power Nickel’s Vice President of Exploration, sees the Lion Zone as a foundational asset. Williamson points out that the Lion Zone’s significant tonnage and high-grade mineralization offer scalability and efficiency in future mining operations. He also emphasizes that downhole electromagnetic (EM) surveys will play a critical role in guiding exploration, potentially allowing the company to expand the mineralized area rapidly while maintaining data accuracy and resource consistency.

“This intersection has shown us that the Lion Zone is rich, thick, and consistent,” commented Williamson. “With continuous success in drilling, we’re confident in loosening up the grid, which will enable faster growth of the zone. Coupled with our 3D modeling efforts, this positions Power Nickel to maximize the footprint and accuracy of our resource estimates.”

Addressing Challenges and Sustainability Commitments

Despite the positive outlook, Power Nickel faces challenges typical of the mining industry, including market volatility, operational logistics, and environmental regulations. However, the company’s carbon-neutral vision addresses many of these issues proactively. By developing low-emission mining practices and committing to a sustainable exploration model, Power Nickel aims to navigate regulatory landscapes and align with governmental priorities on resource development.

Furthermore, its partnership with GeoVector Management Inc. ensures that all quality assurance and quality control standards are rigorously upheld, an essential factor in building investor confidence and reducing operational risks.

An Exciting Time for Power Nickel and Investors Alike

With high-grade intersections, a commitment to environmental responsibility, and a fully funded exploration program, the company has positioned itself as a leader in the junior mining sector. As Power Nickel continues to uncover the potential of the Nisk Project, the company’s efforts could reshape Canada’s nickel and copper mining landscape, attracting attention from major players in the EV and clean energy markets.

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Tags: #alert, #announcement, #biggest, #class, #copper, #Deposit, #Discovery, #Drilling, #Gold, #lion, #massive, #mining, #morning, #Nickel, #notification, #palladium, #Pennystocks, #polymetallic, #release, #silver, #Smallcap, #smallcaps, #smallcapstocks, #Stocks, #world, #zone, base, Metal, metals, natural, news, Platinum, precious, press, resource, results
Posted in AGORACOM Client Feature, AGORACOM Sector Spotlight, AGORACOM Small-Cap TV, AGORACOM Traffic, All Recent Posts, Power Nickel | Comments Off on Power Nickel Unveils Massive Intersection in Latest Exploration Success

Durango $DGO.ca $ATOXF Applies for Discovery Property Drill Permits in Frotet Evans Greenstone Belt $TRG.ca $KLD.ca $OSK.ca

Posted by AGORACOM at 9:40 AM on Wednesday, April 21st, 2021

Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) reports that further to the news of April 1, 2021, Durango has applied for drill permits on its wholly owned Discovery property.

Durango’s Discovery (Découverte) Property is located on strike to the southwest of the past producing Troilus gold mine owned by Troilus Gold Corp. (“Troilus”) (TSX-TLG) and neighbours UrbanGold Minerals Inc. (TSXV-UGM). https://www.durangoresourcesinc.com/_resources/images/Discovery-Property-April-2021.jpg

The Discovery Property is 6,700ha in size and covers an important geological NE-SW regional structure which continues towards Troilus. The Property has great road access from the Route du Nord and is easily accessible due to the unusually warm spring weather conditions. Durango has applied for 15 exploration drill holes on the Discovery property for the 2021 exploration season.

Durango’s technical team is in the process of preparing an exploration program for the Discovery Property in June 2021, after it completes its exploration program at Windfall Lake and will announce the plans in more detail as they become available.

Durango CEO, Marcy Kiesman, stated, “Durango’s previous grab samples returned up to 7 g/t gold at surface on the Discovery property in a quartz vein in basalt. We look forward to receiving our permits so we can conduct follow up work on the Discovery property this summer.”

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 Discovery Property has not yet been subject to an NI-43-101 report.

Discovery (Découverte), Québec

Durango owns 100% interest in the Discovery claims, which are adjacent Osisko Mining Inc. (TSX-OSK) and are 60km away from Troilus Gold Inc.’s past producing mine. The claims are located 100km away from Chibougamau, Québec in the Frotet Evans greenstone belt with year-round road access from the Route Nord. The 6,700-hectare property is compelling due to the structurally important south dipping synclinal fold nose deformed by a northwest fault zone and northeast structures.

Tags: #BTR, #DGO, #Discovery, #Drilling, #Gold, #OSK, #Quebec, #silver, $KLD, $TRG, Abitibi, EastBarry, Troilus
Posted in All Recent Posts, Durango Resources | Comments Off on Durango $DGO.ca $ATOXF Applies for Discovery Property Drill Permits in Frotet Evans Greenstone Belt $TRG.ca $KLD.ca $OSK.ca

AGORACOM Small Cap 60: Affinity Metals $AFF.ca Drilling Carscallen Extension Adjoining Melkior/Kirkland Lake Gold JV $OSK.ca $RKR.ca $MKR.ca $SII.ca $KL.ca

Posted by AGORACOM at 12:25 PM on Wednesday, April 14th, 2021

Tags: #AffinityMetals, #BCMining, #Canada, #Discovery, #Drilling, #GoldStandard, #Incrementum, #InGoldWeTrust, #silver, #TaviCosta, AFF, AOTH_RMills, CrescatCapital, KirklandLake
Posted in Affinity Metals, AGORACOM Small Cap 60, All Recent Posts | Comments Off on AGORACOM Small Cap 60: Affinity Metals $AFF.ca Drilling Carscallen Extension Adjoining Melkior/Kirkland Lake Gold JV $OSK.ca $RKR.ca $MKR.ca $SII.ca $KL.ca

Affinity Metals $AFF.ca Reports Initial Results from Carscallen Extension Maiden Drill Program $OSK.ca $RKR.ca $MKR.ca $SII.ca $KL.ca

Posted by AGORACOM at 9:18 AM on Monday, April 5th, 2021

Affinity Metals Corp. (TSXV: AFF) (FSE: 34IA) (“the Corporation”) (“Affinity”) is pleased to announce that results from the initial three diamond drill holes have confirmed the presence of gold mineralization within the first target area on the Carscallen Extension project located immediately adjacent to the Kirkland Lake – Melkior Carscallen Joint Venture.

The three drill holes in this initial phase of exploration work were drilled within the Deloro geological assemblage and were located to test an airborne acoustical EM target at depth. Carx-20-01 was collared at UTM coordinate 450544.7 m E, 5360519 m N (Zone 17), and was drilled with a dip of 86 degrees at an azimuth of 348 degrees. This drill hole was successful in intersecting gold mineralization within a cherty banded iron formation that returned 0.21 g/t over 2 m from 429 m to 531 m. A second intersection further down the hole in a sheared metavolcanic breccia with quartz-carbonate veining and pyrite/chalcopyrite mineralization returned 0.21 g/t gold over 6 m from 535 m to 541 m. Carx-20-02 collared at 450596 m E, 5360519 m N and Carx-20-03 collared at 45068.8 m E, 5360525.6 m N also intersected numerous zones of sheared metavolcanics containing mineralized quartz calcite veining that also returned anomalous values for gold.

Drill core was logged and intervals selected for sampling were split using a diamond saw. Half core samples were submitted to Northern Mining Analytical Laboratory of Timmins, Ontario (“NMAL”) for gold analysis using fire assay with atomic absorption finish. NMAL is certified by the Standards Council of Canada to ISO/IEC standard 17025:2017. Internal laboratory QA/QC was carried by insertion of certified reference materials (blanks, standards and duplicates) into the sample stream.

The Corporation is encouraged with the initial results from this program in that gold mineralization encountered in holes Carx-20-01 to 03 is similar to gold mineralization reported in the banded iron formations and sheared metavolcanic breccia with quartz calcite veining observed at the Wire Gold occurrence on the neighbouring Kirkland Lake – Melkior Carscallen JV Project.

Initial exploration plans identified several prospective targets on various locations on the property. This initial drilling was designed to test one of the anomalies with the most cost effective logistics that would test the correlation of potential mineralization with the acoustical EM geophysics model. The property hosts multiple targets that warrant further exploration given the initial apparent confirmation of the exploration model.

Affinity CEO, Rob Edwards, stated, “Affinity is fortunate to be in the Timmins Exploration Camp; the prolific area hosts some very successful projects and companies as neighbors. We are encouraged by the initial drill results on the Carscallen Extension Project and are looking forward to using the information we have assembled with this first phase of exploration to further our success in this area. Now that we seem to have initial confirmation of the model, the targets that require a little more work logistically will warrant further exploration. We will be working with our geophysics and geology teams to synthesize the initial models with detailed core logging and drill results to better confirm targets for further exploration. With the information now available, our team can move forward with a higher degree of certainty that their combined knowledge and technology have the potential to identify anomalous systems hosting large scale mineralization.”

Tags: #AffinityMetals, #BCMining, #Canada, #Discovery, #Drilling, #GoldStandard, #Incrementum, #InGoldWeTrust, #silver, #TaviCosta, AFF, AOTH_RMills, CrescatCapital
Posted in Affinity Metals, All Recent Posts | Comments Off on Affinity Metals $AFF.ca Reports Initial Results from Carscallen Extension Maiden Drill Program $OSK.ca $RKR.ca $MKR.ca $SII.ca $KL.ca

Durango $DGO.ca $ATOXF Reports Consolidation Near its Discovery Property in Frotet Evans Greenstone Belt $TRG.ca $KLD.ca $OSK.ca

Posted by AGORACOM at 9:54 AM on Thursday, April 1st, 2021

Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) reports that Troilus Gold Corp. (“Troilus”) (TSX-TLG) announced on March 23, 2021 that it entered into a definitive agreement with UrbanGold Minerals Inc. (“UrbanGold”) (TSXV-UGM) to acquire all the issued and outstanding common shares of UrbanGold, for approximately $19M.

If the consolidation completes, the Troilus land holdings will be over 142,000 hectares and magnify its position as the largest mineral claim holder in the region. Durango’s Discovery (Découverte) Property is located on strike to the southwest of the past producing Troilus mine and neighbours UrbanGold. The Discovery Property is 6,700ha in size and covers an important geological NE-SW regional structure. The Property has great road access and it is located a few kilometers from the Route du Nord.

Durango CEO, Marcy Kiesman, stated, “Durango is situated on strike with the Troilus Gold mine and will become a direct neighbour of Troilus Gold upon completion of the proposed transaction. This consolidation of the region is positive for Durango and for the exploration and growth of all of the assets in the area.”

Discovery (Découverte), Québec

Tags: #BTR, #DGO, #Discovery, #Drilling, #Gold, #OSK, #Quebec, #silver, $KLD, $TRG, Abitibi, EastBarry, Troilus
Posted in All Recent Posts, Durango Resources | Comments Off on Durango $DGO.ca $ATOXF Reports Consolidation Near its Discovery Property in Frotet Evans Greenstone Belt $TRG.ca $KLD.ca $OSK.ca

Affinity Metals $AFF.ca Provides Exploration Update $OSK.ca $RKR.ca $MKR.ca $SII.ca $KL.ca

Posted by AGORACOM at 9:12 AM on Friday, March 19th, 2021

Affinity Metals Corp. (TSX-V:AFF) (FRANKFURT: 34IA) (“the Company” or “Affinity”) is pleased to provide shareholders with an update of the Company’s ongoing exploration initiatives and general corporate activities.

The Company is currently awaiting assay results related to diamond drill programs in 2020 and 2021. Assay wait times have been significantly longer this year due to COVID 19 and increased exploration activities across Canada. Assay results from the Regal Property drill program and the Carscallen Extension Project are pending and the Company expects to receive them soon. Upon receipt of the assay results, the Company’s geological team will compile, verify and interpret the information as soon as possible for public release.

Specific property updates are as follows:

Regal Property:
The Regal Property is located near Revelstoke, British Columbia within the northern end of the prolific Kootenay Arc and is south east and on trend with Rokmaster Resources’ Revel Ridge project.   A total of 3,442 meters over 19 holes of diamond drilling was completed on Oct. 29, 2020 and core was delivered to the lab shortly after the program was completed. Assays results are pending and are expected to be received very soon. A follow up diamond drill program is being planned and assay results will be utilized to guide additional exploration for the upcoming exploration season.

Carscallen Extension Property:
The Carscallen Extension Property is located near Timmons, Ontario and immediately adjoins the Carscallen Project currently being explored under a joint venture agreement between Kirkland Lake Gold Ltd. and Melkior Resources Inc. An initial drill program commenced on Nov. 19, 2020 designed to test a large zone identified by aerial acoustic geophysics on trend with the projected extension of the Shenkman-ZamZam gold system which has been the focus of the Melkior/Kirkland Lake Gold JV. Melkior has reported that the Shenkman-ZamZam zone extends for 800 meters and is open to both the northwest and southeast, as well as at depth. High grade intercepts reported by Melkior on the Carscallen include 23.5 g/t Au over 8.0 meters (Melkior news release 28/11/2019) and 25.7 g/t Au over 6.0 meters (Melkior news release 7/5/2020). To date, three diamond drill holes have been completed totalling 1,850 meters. Initial test samples were sent to the lab while detailed logging of the core was ongoing. Further samples were identified during core logging and have also been sent for assay. Results are pending.

Windfall North Property:
Affinity Metals holds a 100% owned mineral property in Quebec, Canada that adjoins Osisko’s world class Windfall Lake project claim holdings. The property resides on the Eastern portion of the prolific Abitibi Greenstone Belt.

Affinity staked the North Windfall claims based on the interpreted northeast trend of the Windfall Lake Fault from the Windfall Lake gold deposit and plans to conduct geological and geophysical data compilation in order to generate drill targets in anticipation of a diamond drill program in 2021.

Rob Edwards, CEO of Affinity Metals, remarks, “As we look into 2021 we are very excited to establish plans for further advancement of our key properties. Unfortunately, assay labs have been plagued with delays as Covid-19 and the volume of exploration has caused a drastic increase in turnaround times from what the industry is accustomed to. The delays of setting a waypoint for 2021 exploration programs will hopefully be short lived as we expect results from the 2020 exploration programs soon.

Additionally, Affinity has good neighbors with good geology surrounding its key exploration properties.   Recent developments on these properties bordering Affinity’s properties seem likely to continue to provide added exposure and value to the Company and its shareholders. Specifically, on the Regal Property in BC, Rokmaster Resources has expanded its 2021 Drill Program to 10,000 meters after positive results. The Kirkland Lake/Melkior joint venture in Ontario on the Carscallen Project has been expanded to 6,600 meters of diamond drilling and in Quebec, Osisko Mining continues to prove up their Windfall Project with some extremely encouraging drill results. Affinity and its investors have so much to look forward to in 2021.”

Tags: #AffinityMetals, #BCMining, #Canada, #Discovery, #Drilling, #GoldStandard, #Incrementum, #InGoldWeTrust, #silver, #TaviCosta, AFF, AOTH_RMills, CrescatCapital, KirklandLake
Posted in Affinity Metals, All Recent Posts | Comments Off on Affinity Metals $AFF.ca Provides Exploration Update $OSK.ca $RKR.ca $MKR.ca $SII.ca $KL.ca

Durango $DGO.ca $ATOXF Discovers Native Silver in Drill Core at Windfall Lake $BTR.ca $OSK.ca

Posted by AGORACOM at 8:08 AM on Thursday, March 11th, 2021

Durango Resources Inc. (TSXV:DGO) (Frankfurt:86A1) (OTC:ATOXF), (the “Company” or “Durango”) reports that recent drilling on its wholly owned Trove Property at Windfall Lake, Québec has intersected visible (“native”) silver in its latest drill hole.

The drill hole was completed on the northern portion of the Trove Property and was targeted to test a magnetic and Induced Polarization (“IP”) anomaly in the area. The hole was drilled sub-perpendicular to the Rouleau fault which continues onward to the Gladiator deposit of neighbouring Bonterra Resources Inc. (TSX-BTR) and is where the Windfall Lake structure converges.

Trove Property drill hole location outline

“Native silver” is composed of atoms from a single element of Ag (silver). Silver is usually associated with gold, copper and sulphides. Native silver is usually found in hydrothermal systems developed around felsic to intermediate magma. The presence of native silver is an indicator of a last phase of hydrothermal solution precipitation after K-feldspar, pyrite and gold. Native silver is generally found bordering important magmatic-hydrothermal systems.

Durango’s latest diamond drill hole intersected 9 meters of orogenic styles of mineralization in a shear zone which contained native silver identified at multiple depths including 285 and 288 meters below surface. Overall observations of the drill core included multiple shear and breccia zones, silica-sericite-carbonate-tourmaline-epidote alteration, mineralized quartz veins, and mineralized felsic dikes in contact with volcanic units.

General mineralization consisted of disseminated pyrite and stringers, sphalerite and pyrrhotite associated with shear and alteration zones. The presence of visible silver is an indication that the current drilling is near of a hydrothermal system. Durango plans to continue drilling down dip to test the system.

Tags: #BTR, #DGO, #Discovery, #Drilling, #Gold, #OSK, #Quebec, #silver, Abitibi, EastBarry
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Durango $DGO.ca $ATOXF Encounters Shallow Silver Mineralization from Prospecting Drilling on Trove Property $BTR.ca $OSK.ca

Posted by AGORACOM at 8:47 AM on Friday, February 26th, 2021

Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) is pleased to report that recent drill results on its wholly owned Trove Property at Windfall Lake, Québec shows shallow silver mineralization on the Trove Property.

Since last fall, 3,735m have been drilled on the Trove Property, with an average depth of 287m. Initial results from our prospecting drill program, which ran from October – December 2020, confirmed shallow mineralization in silver and zinc. This mineralization is typical of the Windfall Lake area. In mid-January 2021, Durango’s exploration team arrived back on site as the cold weather allowed them full access to the high priority drill targets. Since the start of this year’s drill program, Durango has drilled approximately 1,600m on its high priority targets on the Trove Property.

Some highlights of the orientation drilling from the fall program on the Trove Property include:

– Shallow silver intersection of up to 15.68 g/t Ag over one meter in drill hole DGT20-3 which was completed in the northeast of the Trove Property; – Shallow zinc intersection of up to 1.5% Zn over one meter in drill hole DGT20-3 which was completed on the northeast portion of the Trove Property; – Shallow silver intersection of up to 4.82 g/t Ag over one meter in drill hole DGT20-4 which was completed on the northeast portion of the Trove Property; and – Shallow silver intersection of up to 5.18 g/t Ag over one meter in drill hole DGT20-5.

Drill hole DGT20-3 was completed on the northeast portion of the Trove Property, assaying shallow intersections of up to 15.68 g/t Ag, 1.5% Zn with mineralization over 9 meters. Drill hole DGT20-4 also assayed up to 4.8 g/t Ag along the Barry fault.

 -------------------------------------------------------
 |Hole   |Highlight|From   |To     |Length |Silver|Zinc|
 |Numbers|         |(Meter)|(Meter)|(Meter)|(g/t) |(%) |
 |-----------------------------------------------------|
 |DGT20-3|         |23     |32     |9      |3.3   |0.48|
 |-----------------------------------------------------|
 |       |Including|24     |25     |1      |5.29  |0.81|
 |-----------------------------------------------------|
 |       |Including|29     |30     |1      |9.22  |1.5 |
 |-----------------------------------------------------|
 |       |Including|30     |31     |1      |4.26  |0.57|
 |-----------------------------------------------------|
 |       |         |       |       |       |      |    |
 |-----------------------------------------------------|
 |DGT20-3|         |51     |52     |1      |15.68 |    |
 |-----------------------------------------------------|
 |       |         |       |       |       |      |    |
 |-----------------------------------------------------|
 |DGT20-4|         |16     |17     |1      |4.82  |    |
 |-----------------------------------------------------|
 |       |         |19     |20     |1      |1.38  |    |
 |-----------------------------------------------------|
 |       |         |25     |26     |1      |1.58  |    |
 -------------------------------------------------------

Drill hole DGT 20-5 is located along the Rouleau fault in the northern region of the Trove Property and hosted a shallow intersection of up to 5.18g/t Ag and 0.78% Zn with mineralization over 9 meters confirming the high potential of the long strike of mineralization at depth along the Rouleau fault.

 -------------------------------------------------------
 |Hole   |Highlight|From   |To     |Length |Silver|Zinc|
 |Number |         |(Meter)|(Meter)|(Meter)|(g/t) |(%) |
 |-----------------------------------------------------|
 |DGT20-5|         |21     |22     |1      |2.4   |0.23|
 |-----------------------------------------------------|
 |       |         |36     |38     |2      |1.7   |0.19|
 |-----------------------------------------------------|
 |       |         |62     |71     |9      |1.73  |0.16|
 |-----------------------------------------------------|
 |       |Including|63     |64     |1      |5.18  |0.78|
 -------------------------------------------------------
Read More: https://agoracom.com/ir/Durango/forums/discussion/topics/756138-durango-encounters-shallow-silver-mineralization-from-prospecting-drilling-on-trove-property/messages/2305542#message

Tags: #BTR, #DGO, #Discovery, #Drilling, #Gold, #OSK, #Quebec, #silver, Abitibi, EastBarry
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Durango $DGO.ca Provides Windfall Lake Drilling Update $BTR.ca $OSK.ca

Posted by AGORACOM at 8:58 AM on Thursday, February 18th, 2021

3,400m drilled on the Trove Property over 12 holes.
Encountered mineralization 200 meters below surface and at 300m
Durango drilled three scout holes on the East Barry Property totaling 1,969 meters
2,000 samples are pending assay results at multiple labs for both the Trove and East Barry properties.

Durango Resources Inc.(TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango”) announces that the drilling campaign on its wholly owned Trove and East Barry Properties at Windfall Lake is still underway.

Trove Property

Currently, Durango is drilling holes on the northern portion of the Trove Property which was inaccessible until late 2020 due to late cold weather conditions. Approximately 3,400 meters has been drilled on the Trove Property in 2020 and 2021 over 12 holes. The Trove exploration program was designed to test the high priority Induced Polarization (“IP”) anomalies in the northern section of the Trove Property. So far, the majority of the mineralized sections were encountered within 200 meters below surface, with some exceptions encountering mineralization at depths of 300m and more.

East Barry Property

In January, Durango drilled three scout holes on the East Barry Property totaling 1,969 meters to try to determine the location of the felsic dykes in intrusive pluton. The scout holes enabled Durango to derive structural and lithological data on the East Barry and to test till anomaly targets which were previously inaccessible.

More than 2,000 samples are pending assay results at multiple labs for both the Trove and East Barry properties. Durango has encountered further lab delays due to a Covid-19 breakout at one of the processing facilities earlier this month, so the Company has secured additional labs to help alleviate the turnaround time and assay delays. Durango’s exploration and drill teams have not been exposed and continue to remain safe and healthy at the camp.

Tags: #BTR, #DGO, #Discovery, #Drilling, #Gold, #OSK, #Quebec, #silver, Abitibi, EastBarry
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