Durango Acquires Bentonite, Perlite and Zeolite Projects IN BC
DURANGO RESOURCES INC.
Suite 248 – 515 W. Pender Street
Vancouver, BC V6B 6H5
TSX Venture Exchange Trading Symbol:
DGO Frankfurt: 86A1 / OTC Grey: ATOXF
DURANGO ACQUIRES BENTONITE, PERLITE AND ZEOLITE PROJECTS IN BC
Vancouver, BC / TheNewswire / February 1 6, 2017 – Durango Resources Inc. (TSX.V-DGO), (the
“Company” or “Durango”) is pleased to announce that it has acquired a 100% interest in British Columbia
industrial mineral claims covering five projects which include bentonite, perlite, and zeolite BC MINFILE
occurrences.
One zeolite project is located adjacent to the recently announced acquisition by Ashburton Ventures
(TSX.V-ABR), as outlined in the Ashburton news release dated January 30, 2017. The Durango acquisition
overstakes the irregular -shaped mining lease of the Z -1 zeolite quarry/mine near Cache Creek , British
Columbia, being acquired by Ashburton and is within approximately 800 metres of the centre of the
mining lease.
The second zeolite project is also located in the Cache Creek area, along Hwy 1/Hwy 97 . Durango is
acquiring 100% of an occurrence of zeolite, known as Perry Ranch, reported in 2011. The acquisition
covers an area that is reported as “…approximately 300 met res long and contains several layers to 10
metres depth.” (1)
The third claim block covers the Uncha Lake perlite occurrence (2), and is located near Burns Lake, British
Columbia. Past work discusses the occurrences as a perlite unit interbedded within porphyritic rhyolite
layers which are reported to be 2.0 - 9.0 metres thick. The perlite is light grey to pale greenish -grey with
some perlitic glass occurrences. The perlite generally dips shallowly to the south and is 7.6 to 23.9 metres
thick. The report goes on to state that historical reports indicate that in 1955, nineteen trenches were
exposed at approximately 45 metre intervals, exposing 2,400 metres of bedrock. Six perlite layers along a
zone 850 metres long and 500 metres wide were exposed. (2) (3)
Durango is also acquiring the past -producing Princeton Bentonite occurrence , near Princeton, British
Columbia, which was historically reported to have produced 771 tonnes of bentonite between 1926 and
1944. (4)
Three additional titles adjacent to the Dot Mordenite BC MINFILE occurrence near Merritt, British
Columbia, which has been reported as a potential zeolite prospect, area also part of this land package. (5)
(6)
Further details on these acquisitions will be provided as they become available.
About Zeolite, Perlite, and Bentonite
Zeolites are microporous aluminosilicate mineral s commonly used as commercial ab sorbents and
catalysts in the petrochemical industry as well as detergents. They are also widely used as ion -exchange
beds in domestic and commercial water purification, softening, and aquaculture applications. Zeolite is
also used in growing media, animal feed supplements, composting, and alternative medicine.
Perlite is an amorphous volcanic glass, typically formed by the hydr ation of obsidian. It has the unusual
property of greatly expanding when heated sufficiently. Perlite is primarily used in construction in the
production of lightweight plasters, mortars and cement formulations, and in well cements for oil and gas
drilling. In horticulture, perlite can be used as a soil amendment or alone as a medium for hydroponics or
for starting cuttings.
Bentonite is an absorbent aluminum phyllosilicate clay consisting mostly of montmorillonite. The main
uses of bentonite are for drill ing mud, binder (e.g. foundry -sand bond, iron ore pelletizer), purif ier,
absorbent, and as a groundwater barrier. Bentonite is also used in some forms of alternative medicine.
Durango has agreed to pay 1,000,000 common shares to an arm’s length vendor for the 100% acquisition
of all projects subject to TSX Venture Exchange approval.
The technical contents of this release were approved by Case Lewis, P.Geo., a Qualified Person as defined
by National Instrument 43 -101. The property has not yet been the subjec t of a National Instrument 43 -
101 report.
References
(1) ARIS (BC Assessment Report Database) Report 33072
(2) ARIS (BC Assessment Report Database) Report 20026
(3) BC MINFILE 093F 026: “UNCHA LAKE”
(4) BC MINFILE 092HSE151: “PRINCETON BENTONITE”
(5) BC MINFILE 092ISW108: “DOT MORDENITE”
(6) ARIS (BC Assessment Report Database) Report 30607
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 Islan d limestone properties in
northwest British Columbia, the Decouverté and Trove gold properties in the Abitibi Region of Quebec,
and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller
Mine in Québec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest
property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims
in the Labrador nickel corridor.
For further information on Durango, please refer to its 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 the development, commencement and completion of 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 p rovided 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.