Durango Initiates Geophysical Exploration ON Decouverte (Discovery), QC
DURANGO RESOURCES INC.
Suite 248 – 515 W. Pender Street
Vancouver, BC V6B 6H5
TSX Venture Exchange Trading Symbol:
DGO Frankfurt: 86A1 / OTC Grey: ATOXF
DURANGO INITIATES GEOPHYSICAL EXPLORATION ON DECOUVERTE (DISCOVERY), QC
Vancouver, BC / TheNewswire / May 30, 201 7 – Durango Resources Inc. (TSX.V-DGO)
(Frankfurt-86A1) (OTC -ATOXF), (the “ Company” or “ Durango”) announces that it is planning
further exploration for the Decouverte Property in relation to its grant from the Institut National
de la Recherche Scientifique (“INRS”) as announced June 1, 2015, September 18, 2015, November
5, 2015 and November 30, 2015.
Durango’s wholly owned Decouverte (Discovery) property is in the Frotet-Evans greenstone belt
in northern Québec approximately 100km to the northwest of the town of Chibougamau .
Neighbours on the west side of the project is Osisko Mining Inc.’s (TSX-OSK) Assinica property
and to the northwest is Beaufield Resour ces Inc.’s Troilus -Tortigny Property (TSX.V -BFD). The
former-producing Troilus mine is approximately 60km northeast along the same fault . It is
noteworthy to mention that there are three important massive sulphide showings to the west
(Fallara, Rapides Ass inica and Lucky Strike) and to the East are VMS deposits with proven
resources (Tortigny, Lessard, De Maurès, Moléon).
The INRS grant (FQRNT-MERN-MINES) on the Decouvert e property is being used to focus on
defining the electromagnetic (EM) anomalies from Durango’s Dighem airborne survey, which
may be indicative of massive sulphide mineralization.
The research grant is being used on the site of the Decouverte property to test the utility of deep
penetration geophysical methods (audiomagnetotelleluric: AMT, Controlled Source
ElectroMagnetics; CSEM) to document the VMS mineralization potential of the lake Pasquale
area.
At the end of 2015, 9.9 km of magnetometric, gravimetric and electromagnetic (FD EM) surveys
were carried out along 3 sections intersecting different lithological units and structures of the
Decouverte property. These sections also intersect magnetic and EM anomalies detected by the
DIGHEM heliborne survey. An audiomagnetotelluric surv ey was also realized to document the
deep geophysics (0-1500m) under line 3 which intersects a large conductive magnetic anomaly.
Given the presence of formational conductors on the Decouverte property, gravimetry and sub-
surface electrical resistivity work will be carried out to characterize the main anomalies detected
by the DIGHEM survey. A follow-up exploration program (outcrops, erratic blocks) will be carried
out in 9 sectors previously identified as priority. Finally, a lithogeochemical study will be carried
out to document the geochemical signature of felsic volcanics in the southern part of the
property. This sector includes base metal showings associated with felsic and intermediate
volcanics. According to the report of Falconbridge Ni, these showings had been discovered by
ground FDEM and magnetic surveys.
The work is planned to occur in late June and additional details will be announced as they become
available.
Rock sampling has been conducted by INRS and is undergoing petrophysics laboratory studies on
the Decouverte rocks. The geophysical, petrophysical and geological data of the Decouvert e is
being developed into a model of the deep geology on the property. Once the report is completed
it will be announced and published on the corporate website of Durango.
Marcy Kiesman, CEO of Durango, stated, "The Decouverte property remains a compelling project
for Durango due to its volcano-sedimentary environment and structural geology which increases
the potential for a significant gold and /or VMS deposit. Durango is positioned for discovery as
VMS deposits often occur in clusters which mean that the discovery of one may indicate that
there are others nearby.”
The technical information in this news release has been reviewed and approved by Marc Richer-
LaFlèche, P.Geo QC, a qualified person as defined in National Instrument 43-101.
About Decouverte
The Decouvert e property is in the Frotet -Evans greenstone belt approximately 60 kilometres
southwest of the former Troilus copper -gold mine, which produced over two million ounces Au
and 50,000 tonnes Cu from 1997 to 2010. The property covers approximately 5,900 hectar es
covering a synclinal fold nose of Archean units transected by a major northeast-trending shear
zone. Durango carried out a helicopter-borne DIGHEM EM/magnetic airborne geophysical survey
on the property in 2011 (NR Nov. 24, 2011) and soil geochemistry a nd prospecting in 2013 and
2014 targeting areas identified in the airborne survey. The geological setting is mainly mafic
volcanics (basalts/andesites), in places strongly sheared, cut by pegmatitic granitic units, and
significant sedimentary, oxide and sulphide facies iron formation units. Alteration including silica,
sericite and iron carbonate is noted. Significant soil values included 174 ppb gold, 0.66 ppm
silver, 150 ppm nickel, 200 ppm copper and 240 ppm barium. Chip/channel rock samples gave
values of 7.6 g/t gold and 6.24 g/t gold hosted in narrow quartz veins in mafic volcanics, in the
contact area with the pegmatitic granite. The property is located 100 kilometres north of
Chibougamau, Québec and benefits from favourable infrastructure, includi ng road accessibility,
being 10 kilometres from Route du Nord, and a power line that bisects the property.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral
properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone
properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi
Region of Qué bec, and the NMX East lithium property near the Whabouchi mine and the
Buckshot graphite property near the Miller Mine in Québec, the Whitney Northwest property
near the Lake Shore Gold and Goldcorp joint venture in Ontario.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward -looking information based on current
expectations, including, but not limited to the exploration of its properties and the impact on the
Company of these events. Forward -looking information is subject to signi ficant risks and
uncertainties, as actual results may differ materially from forecasted results. Forward -looking
information is provided as of the date hereof and we assume no responsibility to update or revise
them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating
to Durango, please refer to the Company's prospectus filed on its SEDAR profile at
www.sedar.com.
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.