Durango Completes Drill Program at Decouverte
DURANGO RESOURCES INC.
Suite 248 – 515 W. Pender Street
Vancouver, BC V6B 6H5
TSX-V Trading Symbol: DGO
Frankfurt: 86A1 / OTCQB: ATOXF
DURANGO COMPLETES DRILL PROGRAM AT DECOUVERTE
Vancouver, BC / TheNewswire / July 31, 2018 - Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1)
(OTCQB-ATOXF), (the "Company" or "Durango") is pleased to report that further to the news release of
July 11, 2018, the drilling program of the Découverte Property is now complete.
Découverte is an orogenic -gold quartz -vein project located al ong the main shear trend of the Frotet -
Troilus greenstone belt, north of Chibougamau , Québec in the emerging gold district of Eeyou Istchee
James Bay. The project area is 60 square kilometers, is 100% held by Durango and had never been drilled
before. Durango prepared for this drill program for several years, having previously completed a Fugro
DIGHEM helicopter -borne survey, soil and rock sampling, and ground geophysical magnetic and AMT
surveys. Six high-priority targets were identified.
The diamond core drilling campaign consisted of 2,423 metres (m) over the sixteen (16) holes ranging
from 87m to 222m in depth. The average hole depth was 151m and all holes in this campaign were
concentrated on the Main Zone, which is where the geological model predicted a gold-mineralized trend
with a 1.6-kilometre strike length.
Marcy Kiesman, CEO of Durango states, “Durango would like to thank Chibougamau Diamond Drilling Ltd.
for providing such an incredible drill crew who were able to complete the project ahead of schedule. The
drill program is a geological success as we intersected several zones of mineralization and now we will
wait for the assay results to determine the economic merits.”
Ms. Danae Voormeij, Chief Geologist of the program stated, “ I am extremely pleased with the maiden
drilling program of Découverte. Each of the sixteen holes intersected the targeted zones as expected.
Mineralization styles include several generations of quartz veining combined with strong sulphidation in
the forms o f pyrrhotite , pyrite and chalcopyrite . Mineral alteration includes strong silicification, calc -
silicates, biotite, amphibole, sericite and bright green fuchsite. Host rocks are finely bedded
metasediments and graphite schist in sheared footwall contact with metavolcanic rocks. Rocks sampled
from outcrops and fields of rusty boulders indicate mineralization extends to surface. This drill program
tested only one of six high-priority targets. Découverte has every sign of being a major gold system.”
Core logging and sampling are ongoing, and all samples will be sent to ALS Laboratories located in Val
d’Or, Québec for gold and multi-element assay analysis. Turnaround time is expected to be between six
and eight weeks.
In addition to drilling, a total of 75 rock chip samples were also collected by Ms. Voormeij on surface from
outcrop and areas with abundant rusty and gossanous boulders from Main Zone, Skip Vein and Shear
Zone 2. Rock samples include abundant sulphides in the form of pyrrhotite and pyrite with strong silica
and sericite alteration. The rock samples will also be shipped to ALS Laboratories for analysis.
The technical information contained in this News Release was prepared by Danae Voormeij, MSc, P.Geo.,
Chief Geologist of the drilling program and “qualified person ” under regulations set out in National
Instrument 43-101 Standards of Disclosure for Mineral Projects and in CIM’s Definition Standards.
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 Découverte and Windfall gold properties in the Abitibi Region of
Québec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near
the Miller Mine in Québec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint
venture in Ontario, the Dianna Lake silver project in northern Saskatchewan , and the Mayner’s Fortune
limestone property in northwest British Columbia.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
George Aizpurua, VP of Communications
First Canadian Capital Corp.
Telephone: 416.742.5600 or 647.500.2389
Email: [email protected]
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward -looking information based on current expectations and
the impact on the Company of these events. Forward -looking information is subject to significant risks
and uncertainties, including market conditions, commencement and completion of exploration, positive
assay results and raising additional capital for exploration expenditures, 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 its 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.