Durango Provides Update ON Exploration Activities
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
DURANGO PROVIDES UPDATE ON EXPLORATION ACTIVITIES
Vancouver, BC / TheNewswire / April 8, 2020 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB -
ATOXF), (the “Company” or “Durango”) provides an update on the status of its exploration activities and financial
position in relation to the unstable market conditions resulting from the COVID-19 pandemic.
Currently all exploration activities near Durango’s Windfall Lake Québec properties have been shut down, making
them inaccessible . During this time of closure, Durango’s Technical Committee is reviewing the historical data
previously collected on its East Barry property. The East Barry property is 6,100 hectares in size and runs parallel
to the 1,188 hectare Trove property in the Windfall La ke area , where the two projects are bisected by Osisko
Mining Inc. (TSX-OSK). Osisko has recently disseminated very encouraging results from their drill programs in the
area.
Durango’s East Barry property previously returned up to 2 .19 g/t gold in till including visible gold grains (see
Durango news release dated July 23, 2018) . To further define the 5km gold tren d on the East Barry property ,
additional follow up work plans may include more till sampling, mapping and Induced Polarization surveys.
The recent second quarter financial statements of Durango dated January 31, 2020 reported $204,018 cash on
hand and the Company subsequently received a tax refund of $183,828 from Revenu Québec and a GST refund of
$20,694. Further, in March 2 020, Durango closed a private placement offering for gross proceeds of $200,000 ,
leaving the Company in a solid cash operating position to withstand the current adverse market conditions.
Marcy Kiesman, CEO of Durango stated, “ Durango’s exploration milestones are still on track despite the shut
down near our Windfall properties. The slow down related to the COVID-19 pandemic is giving our technical team
an opportunity to carefully review all historical data collected on the East Barry claim block and they are designing
a program which is expected to begin as soon as the Windfall area of Québec opens up and is safe fo r
exploration.”
Further details on the East Barry exploration program and related private placement to fin ance the work will be
shared as they become available.
About Durango
Durango is a natural resources company engaged in the acquisition and explorati on of minera l properties. The
Company is positioned for discovery 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
#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 Co mpany
expects to occur, are 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 an d actual res ults may differ materially from those in the forward -looking statements. Such
statements and information are based on numerous assumptions regardi ng present and future business
strategies and the environment in which the Company will operate in the future, including the price of minerals,
the ability to achieve its goals, 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 fo rward-
looking information reflects the Company’s views with respect to future events and is subject to risks,
uncertainties and assumptions, including those f iled 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 limi ted to, continued availability of capital and financing and general economic, market or business
conditions. 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.