Durango Forms Technical Advisory Committee with Dale Ginn as Chair
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
DURANGO FORMS TECHNICAL ADVISORY COMMITTEE WITH DALE GINN AS CHAIR
Vancouver, BC / TheNewswire / February 20, 2020 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt -86A1)
(OTCQB -ATOXF), (the “Company” or “ Durango”) announces that it has formed a technical advisory committee
(the “Technical Committee”) to expedite the exploration of its Windfall Lake properties.
The recently formed Technical Committee has appointed Mr. Dale G inn, to act as Chair due to his proven ability
and history of making discoveries in the Windfall Lake Gold District of Québec. Mr. Ginn joins the team with over
30 years of exploratio n experience and base metal discoveries, including the Gladiator, Hinge, 007, 777, Trout
Lake and Tartan lake deposits. Mr. Ginn specialize s in complex structurally controlled deposits and is an
experienced mining executive. Mr. Ginn was awarded the Québec Discovery of the Year Golden Hammer award in
2018 for the Gladiator deposit in the Windfall Lake Gold Camp.
The additional members of the Technical Committee are Durango directors, Melanie MacKay, P. Geo. and Joanne
Freeze, P. Geo.
Mr. Dale Ginn state s, “Based on the exploration data to date, Durango appears to share similar geology to other
deposits in the area. T he gold-bearing Barry fault crosses through the Gladiator de posit and continues
southwesterly to bisect Durango’s Trove Property which is important as the gold deposits in the area to date are
structurally controlled . It is exciting to work in the area once again and I look forward to advising Durango in
exploring its Trove property which is positioned for discovery.”
Marcy K iesman, CEO of Dur ango stated, “ We are thrilled to have Dale Ginn lead as the Chair of our Technical
Committee to adva nce our projects at Windfall Lake. Mr. Ginn is a highly experienced geologist with a proven
track record of discoveries and also possesses many years of experience at the nearby Gladiator deposit situated
4 km from Durango’s Windfall Lake land holdings.”
Additional information on the Windfall Lake properties and Durango’s 2020 exploration program will be released
as it becomes available.
The Company would also li ke to a nnounce the issuance of 1,600,000 options to directors, officers and consultants
exercisable at $0.10 for a p eriod of five years. Further to the news of November 30, 2019, Durango closed a non-
brokered private placement of 625,00 0 Units for gross pr oceeds of $ 50,000. Proceeds were raised as BC Flow
Through Units at a price of $0.08 per unit and each unit consisted of one common share and one share purchase
warrant exercisable at $0.125 for a period of two years, expiring November 27, 2021. As per TSX Venture policy, the
issued units are subject to a hold period of four months expiring March 28, 2020.
About Durango
Durango is a natural resources company engaged i n the acquisition and explo ration of minera l properties. The
Company is p ositioned for di scovery with a 100% inte rest in a strategically located grou p 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
#248 - 515 West Pender Street
Vancouver, BC, V6B 6H5, Canada
tel: 604.428.2900
www.durangoresourcesinc.com
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
Forward-Looking Statements
This news release contains “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 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, ar e forward-looking statements. 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 act ual results may differ materially from those in the forward-looking statements. Such
statements and information are based on numerous as sumptions regarding present and future business
strategies and the environment in which the Company will operate in the future, including the price of minerals,
the abili ty to achi eve its goal s, that gen eral 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 respe ct t o 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 n ot limited to, continued availabi lity of capital a nd financing and general econo mic, market or business
conditions, adverse weather conditions, failure to maintain all necessary government permits, ap provals and
authorizations, failure to maintain community acceptance (in cluding First Nat ions), increase i n c osts, l itigation,
and failu re of counterparties to perform their contractual obligations. 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.