Durango Drilling Returns Lithium ON the Discovery Property, Quebec
113437972
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
DURANGO DRILLING RETURNS LITHIUM ON THE DISCOVERY PROPERTY, QUEBEC
Vancouver, BC / TheNewswire / December 12, 2022 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1)
(OTCQB -ATOXF), (the “ Company” or “ Durango”) announces that further to the news of August 2, 2022, the
Company has begun to receive assays for its summer exploration campaign on its wholly owned Discovery
Property (the “Property”) in Québec.
The Discovery Property adjoins Sayona Min ing Ltd. (ASX-SYA) in the highly prospective James Bay Territory,
100km north of Chibougamau, Québec in the Frotet-Evans greenstone belt. On July 6, 2022, Durango announced
the completion of a 1,737m exploration drill campaign in an area with known gold anomalies on the Discovery
Property. Six exploratory holes were completed ranging from dep ths of 150m to 402m and the drill c ore is still
undergoing assaying.
To date, partial results have come in for holes 1, 2, and 4. The Company is pleased to report that elevated lithium,
rubidium, and cesium have been intersected in each of the three hole s assayed despite uneconomic gold values.
Lithium bearing pegmatite pods have been intersected in each of the three drill holes assayed and values up to
748ppm lithium, 3,830ppm rubidium and 436ppm cesium have been reported . Elevated copper and zinc were
also present in all three holes , reaching up to 2,100 ppm copper and up to 4, 740ppm zinc. Ten pegmatite dykes
were mapped at surface this year in a relatively small area of the property with lengths ranging from a few
meters to 55 meters in length. These dykes have not yet been tested at depth.
A sample of the pegmatite hosting lithium in DDH2.
Marcy Kiesman, CEO of Durango stated, “ We have found exciting gold anomalies at surface in quartz veining at
the Discovery p roject which is more interesting now that we also have pegmatite intersections and lithium
anomalies in each drillhole. The r ecent drillhole assays combined with the potential for additional pegmatite
dykes on the Discovery proper ty is encouraging. The li thium intersection seems logical since the Discovery
Property is proximal to the Moblan l ithium deposit which hosts over 12Mt @ 1.4% Li 20. The Discovery Property
will require further attention from our technical team as the balance of the assays are received.”
At the time of this ne ws release, Durango is still waiting on approximately half of its assays on the Disc overy
Property and further updates and results will be announced on the Discovery Property as they become available.
Melanie Mackay P.Geo, is the qualified person for Durango Resou rces Inc. and approves the technical content in
this news release.
PO Box 31880, Richmond, BC,
V7E 0B5, Canada
tel: 604.428.2900
www.durangoresourcesinc.com
113437972
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
About Discovery
The Discovery Property is located on strike to the s outhwest of the past pr oducing Troilus gold mine and
neighbours Troilus Gold Corp. (TSX -TLG). The Discovery Property is over 6,500ha in size and covers an important
geological n ortheast to southwest regional structure. The Discovery Property has great road access and is
accessible year-round via the Route du Nord.
About Durango
Durango is a natural resources company engage d in the acquisition and exploration of mineral p roperties. The
Company is positioned for discovery with a 100% interest in a strategically located group of pr operties in the
Troilus gold camp and 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 release co ntains “forward -looking information or statements” within the meaning of applicable
securities laws, which may include, without limitation, statements that address the upcoming work programs,
and other stat ements relating to the business, finan cial 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 st atements. Although the Company believes the expectations
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 f orward-looking
statements.
Such stat ements and i nformation 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, the COVID-19 pandemic, 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 reflect s the Company’s views with respect to future events and is
subject to risks, 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 ava ilability of capital and financing and general economic,
market or business 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.