Durango Prepares FOR Geophysical Exploration ON Decouverte (Discovery), QC
DURANGO RESOURCES INC.
Suite 248 – 515 W. Pender Street
Vancouver, BC V6B 6H5
TSX-V Trading Symbol: DGO
Frankfurt: 86A1 / OTC Grey: ATOXF
DURANGO PREPARES FOR GEOPHYSICAL EXPLORATION ON DECOUVERTE (DISCOVERY), QC
Vancouver, BC / TheNewswire / July 14, 2017 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-
86A1) (OTC-ATOXF), (the “Company” or “Durango”) announces that further to the news release
of May 30, 2017, exploration on the Decouverte (Discovery) Property (the “Property”) resulting
from its grant from the Institut National de la Rec herche Scientifique (“ INRS”) is expected to
commence next week.
The Property is wholly owned by Durango and is in the Frotet-Evans greenstone belt in northern
Québec approximately 100km to the northwest of the town of Chibougamau . Neighbors on the
west side of the Property are Osisko Mining Inc.’s (TSX -OSK) Assinica property and to the
northwest is Beaufield Resources Inc.’s Troilus -Tortigny Property (TSX.V -BFD). The fo rmer-
producing Troilus mine is approximately 60km northeast along the same fault.
The July portion of the INRS grant (FQRNT-MERN-MINES) exploration program is expected to last
4-5 days and will prepare the lines for the electromagnetic (EM) equipment. A more thorough
program is planned for INRS this September to focus on defining the EM anomalies from
Durango’s previous DIGHEM airborne survey, which may be indicative of m assive sulphide
mineralization. Given the presence of formational conductors on the Property, gravimetry and
sub-surface electrical resistivity work wil l be carried out to characterize the main anomalies
detected by the DIGHEM survey.
The September follow-up Induced Polarization (IP) exploration program (outcrops, erratic blocks)
will be carried out in 9 sectors previously identified as priority as can be seen on the corporate
website. A lithogeochemical study is expected to be carried out to document the geochemical
signature of felsic volcanics in the southern part of the Property.
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 poten tial for a significant gold and /or VMS deposit. Durango is fortunate to have INRS
conducting its research on the Property as IP can help identify zones such as the Detour gold zone
58. Additionally, VMS deposits often occur in clusters which mean that the discovery of one may
indicate that there are others nearby.”
About Decouverte
The 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 P roperty covers approximately 5,900 hectares covering a
synclinal fold nose of Archean units transected b y a major northeast-trending shear zone.
Durango carried out a helicopter -borne DIGHEM EM/magnetic airb orne geophysical survey on
the Property in 2011 (NR Nov. 24, 2011) and soil geochemistry and 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 silic a, 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 a rea
with the pegmatitic granite. The P roperty is located 100 kilometres north of Chibougamau,
Québec and benefits from favourable infrastructure, including 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
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 the Property and the impact on the
Company of these events. Forward -looking information is subject to significant 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.