Durango Completes Site Preparation at Windfall Lake
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DURANGO COMPLETES SITE PREPARATION AT WINDFALL LAKE
Vancouver, BC / TheNewswire / July 15, 2020 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB -
ATOXF), (the “Company” or “ Durango”) is pleased to report that its exploration team has completed the initial
2020 reconaissance program on its Windfall Lake, Québec land package.
As announced on July 2, 2020, Durango deployed its exploration crew to the Trove Proper ty to prepare the site
for the 2020 summer drill program. Durango has identified 15 drill targets for the Trove Property to test
favourable IP signatures which coincide with geochemistry anomalies in cluding gold found in till samples. Drill
access was created on the Trove Property as necessary for the upcoming summer drill program.
Additional mapping and sampling w ere completed on the Trove Property due to the additional road access
recently built by forest companies. Fifty nine (59) grab and channel samples were also collected on the Trove
Property. The accessibility of the new outcrops permitted Durango to take additional structural measurements for
the upcoming summer drill campaign.
Mineralized zones, hematite quartz veins and lithological contacts including felsic dykes and mafic volcanics were
mapped and sampled on the Trove Property . Some mineralized zones with pyrrhotite, traces of chalcopyrite and
hematite alteration associated with quartz ve ins were observed in the sampled areas on the Trove Property .
Several gold deposits in the Urban Barry belt have been associated with a set of nor theast (NE) shear zones
accompanied with deformation by a magmatic event represented by quartz fel dspar porphyry (QFP) dykes which
are now identified on the Trove Property.
It is recommended that mechanical stripping and sampling be completed immediately on the northeast extremity
of the Trove Property near one the previously defined drill targets which may be controlled by the NE -SW Barry
fault and associated shear zones.
Nine (9) till samples were also collected on Durango’s East Bar ry Property along the projected contact of the
intrusives and the volcanics. Till sampling conducted in 2018 and 2019 identified a 5km trend but n o new
outcrops were discovered during the short campaign.
Marcy Kiesman, CEO of Durango, stated, “I am very enthusiastic that many of our first stage observations at the
Trove Property correspond to the mineralization reported by Osisko Mining on their neighbouring properties ,
specifically, in Osisko’s 2018 drilling campaign that returned results of up to 5g/t gold. The potential for the Trove
and East Barry properties are high which is great news for our shareholders and further presses the importance of
our exceptional properties at Windfall.”
Additional information on the exploration program, including financing, will be released as it becomes available.
The technical content s of this press release were approved by George Yordanov , professional geologist, an
Independent Qualified Person as defined by National Instrument 43-101. The property has not yet been subject to
an NI-43-101 report.
Trove, Québec
Durango owns 100% inter est in the Trove claims , which are surrounded by Osisko Mining Inc. (TSX: OSK) , in the
Windfall Lake area between Val d’Or and Chibougamau, Québec. The 1,185 hectare property is compelling due to
the coincidence of gold found in tills coinciding with magnetic highs, several Induced Polarization anomalies and
two faults crosscutting the property. The fault systems north and south of the Trove , control gold mineralization
#248 - 515 West Pender Street
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tel: 604.428.2900
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elsewhere, indicating the Trove has excellent exploration potential. Durango received all the final drill permits for
the Trove property in September 2019 and is undergoing its final reviewing process for the proposed 3,0 00m drill
program.
East Barry, Québec
Durango owns 100% interest in the East Barry claims which run parallel to Trove c laims. The East Barry block is
over 6,100 hectares in size and borders the eastern perimeter of Osisko ’s holdings and the southern perimeter of
Bonterra’s holdings and is less than 4km south of the Gladiator deposit. The East Barry claims host a gold trend
which covers approximately 10km in length and is subparallel to the main Barry Fault held by Osisko. In 2018 a till
sampling program was conducted and one of the till samples returned fourty -two (42) pristine gold grains with
reported gold values of 2.184 g/t Au. A high count of pristine gold grains indicates that the gold has travelled a
very short distance from its source. The East Barry block underwent an Induced Polarization survey in 2018 which
identified a high priority target coincident with the high count of pristine gold grains.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The
Company is positioned for discovery with a 100% interest in a strategically located group of prope rties in the
Windfall Lake gold camp in the Abitibi region of Québec, Canada.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, CEO
Telephone: 604.428.2900 or 604.339.2243
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This news release c ontains “forward‐looking information or statements” within the meaning of app licable
securities laws, which may include, without limitation, statements that address the upcoming work programs, and
other statements relating to the business, financial and technical prospects of the Company. All statements in this
news release, other than statements of historical facts, that address events or developments that the Company
expects to occur, are forward -looking statements. Although the Company believes the expec tations expressed in
such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results may differ materially from those in the forward-looking statements.
Such statements and information are based on numerous assumptions regarding present and future business
strategies and the environment in which the Company will operate in the future, including the price of minerals,
the ability to achieve its goals, that general business and economic conditions will not change in a material
adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward -
looking information reflects the Company’s views with respect to future events and is subject to ri sks,
uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com.
Factors that could cause actual results to differ materially from those in forward looking statements include, but
are not limited to, continued availability of capital and financing and general economic, market or busin ess
conditions. The Company does not undertake to update forward‐looking statements or forward‐looking
information, except as required by law.
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.