Durango Extends Lithium Mineralization at Discovery
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
DURANGO EXTENDS LITHIUM MINERALIZATION AT DISCOVERY
Vancouver, BC / TheNewswire / March 31, 2023 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt -86A1)
(OTCQB -ATOXF), (the “Company” or “Durango”) announces that further to the news of December 12, 2022, the
Company is pleased to annou nce it has rec eived additional partial r esults from its Discovery drill program
completed in 2022 located in the Abitibi Greenstone belt of Quebec.
While drilling in 2022 , the Company intersected pegmatite pods below surface ranging at drillhole depths as
shallow as 18.8m in hole 2 to as deep as 334.6m in hole 6 . Pegmatite pods were intersected in every hole . On
December 12, 2022, Durango reported elevated lithium, rubidium and cesium levels were intersected in holes 1,
2 and 4. Lithium-bearing pegmatite pods were intersected in each of the drill holes and assayed values up to 748
parts per million (ppm) lithium, 3,830 ppm rubidium and 436 ppm cesium. All drillholes are dipping at 45 degrees
with an azimuth of 360 or 340 degrees.
Durango has received additional partial assay results for hole 3 which is 100m away from hole 2 which reported
the 748ppm lithium as per above . The pegmatite was intercepted at a down hole depth of 72m to 1 09m and
returned values of 412ppm lithium, 3,340ppm rubidium and 360ppm cesium including an average of 233ppm
lithium over 4m from 108m-112m downhole depth. These enriched zones were found as haloes surrounding the
pegmatite dykes. Anomalous cobalt of up to 53.6ppm was detected and seems to be associated with elevated
vanadium val ues of up to 354ppm , tantalum of up to 57.6ppm and copper of up to 1,210ppm . Cerium,
lanthanum, and neodymium levels also returned elevated levels. Twenty eight percent of the samples assayed
returned lithium values greater than 100ppm as outlined in the table excerpt below:
Analyte Symbol Cs Li Mn Rb
Unit Symbol ppm ppm ppm ppm
Detection Limit 0.1 15 3 0.4
Analysis Method FUS-MS-Na2O2 FUS-Na2O2 FUS-MS-Na2O2 FUS-MS-Na2O2
775392 74.1 191 1630 359
775393 267 415 1640 1330
775394 34.3 45 1980 1120
775397 15.7 17 1440 1430
775398 19.3 25 1130 1700
775404 15.5 175 669 353
775405 43.5 331 652 593
775410 6.4 23 8160 664
775411 9.3 104 382 701
775412 10 108 452 740
775418 41.6 109 4840 2360
775419 35.4 30 3730 1830
775420 14.7 < 15 6330 770
775421 42.2 55 2250 2640
775422 26.8 248 2210 1950
775423 38.4 61 488 3340
775432 360 472 1400 1760
775433 183 202 956 788
775434 108 132 1980 244
775435 49.9 127 1610 142
PO Box 31880, Richmond, BC,
V7E 0B5, Canada
tel: 604.428.2900
www.durangoresourcesinc.com
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
Ten pegmatite dikes were mapped at surface in 2022 over a relatively small area of the property w ith exposed
lengths ranging from a few metres to 55 metres. None of the newly mapped dykes have been tested for lithium.
Melanie Mackay, P .Geo of Durango stated, “the results to date at the Discovery Property are significa nt for
Durango as the enriched haloes surrounding the pegmatites show that the pegmatites have carried lithium which
bodes well for lithium exploration in some of our larger dykes on the property. ”
The Company is coordinating field teams to con duct further mapping and rock sampling on the property which
will be undertaken once the snow clears on the Property. Multiple other pegmatite pods were mapped at surface
during the late summe r program conducted i n 2022 but we re not investigated for lithium p otential. The
Discovery Property has never been exp lored for lithium. Much of the delays for the as says are due to the
additional analysis performed due to the dis covery of lithium and rare earth potential on the property after the
first set of drill results.
Marcy Kiesman, CEO of Durango stated, “the lithium haloes surrounding the pegmatites are exciting at Discovery
and we will investigate the remaining pegmatites as lithium is quickly rising to new levels of importan ce on a
global s cale. With the Discovery property hosting gold in surface outcrops in addition to lithium bearing
pegmatites, Durango is in a great position to expand shareholder value.”
The Discovery Property is in the highly prospective James Bay Territory, 100km north of Chibougamau, Québec in
the Frotet-Evans greenstone belt. In July of 2022, Durango completed an exploration drill camp aign in a n area
with known g old anomalies at surface. To date, partial results have come in for holes 1, 2, 3 and 4 . Lithium-
bearing pegmatite pods were intersected in each of the drill holes which led to the corporate de cision to invite
additional expertise to the technical committee as announced on December 15th, 2022. Durango is still waiting on
additional assay results for some pegmatite pod interse ctions and will announce them as soon as they become
available.
About Discovery
The Disc overy Property is located on stri ke to the s outhwest of the past producing Troilus gold mine and
neighbours Troilus Gold Corp. (TSX -TLG). The Discovery Property is over 6,500ha in size and covers an i mportant
geological n ortheast to southwest r egional stru cture. The Discov ery Property has great road access and is
accessible year-round via the Route du Nord.
About NMX East
The NMX East Property is located on northern Québec along the Route Nord and sit uated beside Nemask a
Lithium’s Whabouchi Deposit which is considered to be the world’s second richest and biggest deposit with 27Mt
of proven and probable reserves.
About Durango
Durango is a natural resources company engaged in the acquisition and explo ration of mineral properties. The
Company i s positioned for discovery wit h a 100% interes t in a stra tegically located group of properties 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
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
Forward-Looking Statements
This news release co ntains “forward‐looking information or statements” within the meaning of applicable
securities laws, which may i nclude, without limit ation, statements that address the up coming work programs,
and other st atements relating to the business, financial and tec hnical prospects of the Company. All statements
in this news release, other than statements of historical facts, that address events or developments that the
Company expe cts to occur, are forward -looking statements. Although the Company believes the expect ations
expressed in such forward -looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may d iffer materially from those in the forward-looking
statements.
Such statements and i nformation are based on numerous assumptions regarding present and future business
strategies and the environment in which the Compan y will operate in the future, includi ng the price of minerals,
the ability to achi eve 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 refle cts the Com pany’s views with respect to future event s and is
subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on S EDAR
at www.sedar.com. Factors that could cause actual results to differ mate rially from those in forward looking
statements include, but are not limited to, continued a vailability of capital and financing and general eco nomic,
market or business conditions. The Company does not undertake to update forward‐looking statements or
forward‐looking information, except as required by law.
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