Durango Identifies Additional Areas of Interest at Windfall Lake, QC
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DURANGO IDENTIFIES ADDITIONAL AREAS OF INTEREST AT WINDFALL LAKE, QC
Vancouver, BC / TheNewswire / October 8, 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
September 11, 2020 , mechanical trenching has identified additional areas of interest on its Trove Property at
Windfall Lake, Québec.
Figure 1 – Mineralized contact volcanic-sediment with carbonate alteration
The new outcrops are located within 100 metres from the first series of planned drill holes on the Trove Property
which are designed to test continuity of mineralized trend between two drill intersections of Osisko Mining Inc.
(TSX-OSK) (OSK-UB-18-083 intersected 1.03 g/t Au and 5.13 g/t Au, OSK -UB-18-085 intersected 1.85 g/t Au) as
well as near surface geophysical targets with coincident till with gold grains and gold anomalies in the rock
samples. The new outcrop is in proximity of the northeast shear zone and is a contact zone of the volcanics and
sediments. Mineralization was observed in a felsic dike with pyrite in quartz veining and carbonate alteration on
the newly stripped outcrops.
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Figure 2 – Biotite-chlorite altered sediment with mineralized quartz carbonate vein
Durango’s technical team recently discovered a northeast t rending shear zone on the Trove Property as
announced on September 11, 2020. In the Windfall Lake deposit area, the volcanic rocks are intruded by a series
of felsic d ikes near contacts between volcanic and sediments which host quart z veins with pyrite. The team has
also confirmed an important regional deformation northeast shear with carbonate alteration in the wall rock
zones that delineate the structural domains.
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Figure 3 – Mineralized 3-5% fine disseminated pyrite felsic dyke in volcanic near contact with sediment
Additional m ineralization was also seen in the nearby sediments represented by pyrite, pyrrhotite and
molybdenite in alteration zone (silica, biotite, chlorite and carbonate) including to quartz-carbonate veins.
Channel samples were taken from this new area of interest and have been sent for assay to the SGS Canada lab in
Val d’Or, Québec.
Marcy Kiesman, CEO of Durango, stated, “I would like to thank Durango’s exploration crew for such a great job on
Phase I of our fall exploration program at Windfall Lake. The results in the mechanical trenching this month have
been eye opening with the discovery of a sizable northeast shear zone, multiple locations with quartz veining and
pyrite at surface and important geological indicators near the initial d rill targets. The results to date highlight
both th e qua lity o f our team to quickly perform grass roots work and the potential of our Trove Property at
Windfall Lake. We look forward to the analysis of the field data in hopes to continue exploration and drilling into
the winter months.”
The technical contents of this pres s release w ere approved by George Yordanov, professional geologist, an
Independent Qualified Person as defined by National Instrument 43 -101. The Trove Property has not yet been
subject to an NI-43-101 report.
Trove, Québec
Durango owns 100% interest in t he Trove cl aims, 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
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two faults crosscutting the property. The fault systems north and south of the Trove , control gold mineralization
elsewhere, indicating the Trove has excellent exploration potential. Durango received all the final drill permits for
the Trove property in September 2019 and is undertaking its inaugural drill program.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The
Company is p ositioned for disco very with a 100% interest in a strategically located 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 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 busines s, 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 fo rward-looking state ments. 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 fro m those in the forw ard-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 t o achieve its goals, that g eneral 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 C ompany’s views with respect to future events a nd 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 availabili ty of capital and f inancing and general econom ic, 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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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.