Durango Provides Update ON Nmx East Lithium Property
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB 113437972
DURANGO PROVIDES UPDATE ON NMX EAST LITHIUM PROPERTY
Vancouver, BC / TheNewswire / October 23, 2023 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt -86A1)
(OTCQB -ATOXF), (the “Company” or “Durango”) is pleased to announce that further to the news of October 6 and
August 30, 2023, that the drill, helicopter and field crew have arrived and started drilling and mapping at its wholly
owned NMX East Property located in the Eeyou-Istchee James Bay region of Québec.
The inaugural drill program is being completed via h elicopter access and the planned initial drilling is 800m to
establish the extent of a known pegmatite dyke for lithium concentration below surface. While the drilling is
underway, Durango has a field crew mapping the Property specifically focusing on mapping pegmatite outcrops.
The NMX East property borders the eastern perimeter of Nemaska Lithium’s Whabouchi deposit which is one of
the richest spodumene deposits in the world based on its volume and grade. Nemaska Lithium reports over 36M
tonnes of spodum ene is expected to be produced at the Whabouchi deposit over a period of 33 years
(www.nemaskalithium.com). Durango’s NMX East property claim border is approximately 1.5km from the
Whabouchi Mine pit and the drill locat ion is planned for approximately 2.8km away from the center of the
Whabouchi pit.
Photo of the drill set up on Durango’s NMX East Property and the Whabouchi mine in the background. Photo
courtesy of Tiera Naber.
PO Box 31880
Richmond, BC, V7E 0B5, Canada
tel: 604.428.2900
www.durangoresourcesinc.com
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB 113437972
Marcy Kiesman, CEO of Durango stated, “We are delighted to begin our inaugural drill campaign on our prospective
lithium claims known as the NMX East Property. We are hopeful to delineate the extent of the pegmatites below
surface due to our proximity to the Whabouchi deposit and we know from previous exploration that Durango holds
lithium, cesium and tantalum pegmatites at surface on the NMX East Property.”
Additional updates will be announced as soon as they become available on the exploration program.
The Company would also like to announce the grant of 3,000,000 options to directors, officers, and consultants of
the Company. The options are exercisable at $0.05 and are set to expire 5 years from the date of grant being,
October 20, 2023. The options are deemed to be fully vested at the date of grant.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The
Company is also positioned for discovery with a 100% interest in a strategically located group of properties in the
Windfall Lake and Troilus gold camps in the Abitibi region of Québec, Canada.
For further information on Durango, please refer to its SEDAR profile at www.sedarplus.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 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, 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 and actual results may differ materially from those in the forward-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 to achieve its goals, the COVID-19 pandemic, 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 forward-looking information reflects the Company’s views with respect to 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 not limited to, cont inued 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.