Durango Discovers Shear Zone at Surface at Windfall Lake
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
DURANGO DISCOVERS SHEAR ZONE AT SURFACE AT WINDFALL LAKE
Vancouver, BC / TheNewswire / September 11, 2020 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1)
(OTCQB -ATOXF), (the “ Company” or “ Durango”) is pleased to report th at further to its news release dated
August 27 , 2020 , the explo ration team has discovered a two metre wide shear zone at surface on its Trove
Property while preparing the drill site for its exploration program at Windfall Lake, Québec.
Mechanical stripping commenced on the northeast extremity of the Trove Property to level and widen the access
for the drill , exposing a two metre wide shear zone near Durango’s high priority drill targets . The shear zone
appears to correlate with the geophysical anomalies and favourable IP signatures discovered in Durango’s
previous exploration campaigns.
The trenching commenced as announced on August 27, 2020 and uncovered quartz veins at surface of over one
metre in width. In addition to the quartz ve ining, visible rusty-coloured till is evident , which warrants the
collection and analysis of additional till samples in the area. A photo of the till can be seen on Durango’s website
in the newly established photo gallery under the “Windfall Lake Property ” tab.
https://durangoresourcesinc.com/projects/windfall-lake-properties-quebec/#windfall-photos&gid=1&pid=2
Marcy Kiesman, CEO of Durango, stated, “Durango is off to
a great start on Phase I of its fall exploration program at
Windfall Lake. In the first week of the p rogram, the
geological team has discovered a sizable shear zone ,
quartz veining at surface and rusty till near the initial drill
targets. We continue to be very optimistic for Durango’s
program at Windfall Lake and believe the upside potential
for the Trove and East Barry properties is high . As we
move through this fall program we look forward to the
analysis of the field data as it is our intention to continue
drilling into the winter.”
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 Trove and Ea st Barr y p roperties
have not yet been subject to an NI-43-101 report.
The Board of Directors has approved the g rant of
3,000,000 stock options to certain directors, officers and
consultants of the Co mpany. T he options will be granted
pursuant to the Company’s 10% rolling stock option plan
with an exercise price of $0.125 per share for five years .
The option grants are subject to fi nal approval of the TSX
Venture Exchange.
Trove, Québec
Durango owns 10 0% interest i n the Trove cla ims, which
are surro unded by Osisko Mining Inc. (TS X: OSK) , in the
Windfall Lake area between Val d’ Or and Chibougamau ,
#248 - 515 West Pender Street
Vancouver, BC, V6B 6H5, Canada
tel: 604.428.2900
www.durangoresourcesinc.com
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
Québec. The 1,1 85 hectare property is compell ing due to the coincidence of gol d found in tills coinciding with
magnetic highs, several Induced Pola rization anomalies and two faults cros scutting the property. The fault
systems north an d south of the Tro ve, control gold mineraliz ation elsewhere, indicating the Trove has excellent
exploration potential. Durango received all the final drill permits for the Trove pr operty in September 2019 and
ready to undertake its inaugural drill program.
East Barry, Québec
Durango owns 100% interest in the East Barry claims which run parallel to its Trove claims. The East Barry block is
over 7,740 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 s outh of the Gladiator deposit. T he 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 ti ll samples returned f ourty-two (42) pristine gold gra ins with
reported gold values of 2.184 g/t Au. A high cou nt 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 r esources company engaged in the a cquisition and exploration of miner al properties. The
Company is positio ned for di scovery with a 100% int erest in a strategically l ocated group of properties 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 new s relea se c ontains “forward‐looking i nformation or statements” within the meaning of applicable
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 expectations expressed in
such forward-looking statements are based on reasonable assumptions, su ch statements are not guarantees of
future performance and actual results may differ materially from those in the forward-looking statements.
Such statements a nd information are based on numerous assump tions regarding present and future business
strategies and the environment in which the Company will operate in the future, including the p rice of minerals,
the ability to achieve its goals, that ge neral business and economic conditions will not change in a material
adverse manner, that financing will be av ailable if and when needed and on reasonable terms. Such forward -
looking information re flects the Company’s views with respect to future events an d is subject to risks,
uncertainties and assumptions, incl uding those filed under the Company’s profile on SED AR at www.sedar.com.
Factors that could cause actual results to differ materi ally from those in forward looking statements include, but
are not limited to, continue d availability of capital and financing and general econom ic, market or bu siness
conditions. The Company does not und ertake 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.