Durango Provides Update ON Windfall Lake Drill Campaign
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DURANGO PROVIDES UPDATE ON WINDFALL LAKE DRILL CAMPAIGN
Vancouver, BC / TheNewswire / November 19, 2020 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1)
(OTCQB -ATOXF), (the “Company” or “Durango”) is pleased to provide an update on the exploration program on
its wholly owned Trove Property and East Barry Property at Windfall Lake, Québec.
Trove Property
To date, 1,047m have been drilled in six holes on the Trove Property at an average depth of 174m. The objective
of the drill campaign is to test IP anomalies de rived from previous exploration work on the Trove Property. The
Company is satisfied that the induced polarization (“ IP”) target zones have been intersected as planned on the
first six holes. Further, approximately 1,000 samples are pending assays at the labs. The samples were submitted
to the labs in batches as they were collected, and are expected to be completed soon.
Unseasonably wet and warm weather in the Windfall area has proved challenging for moving the drill between
holes at Trove . The weathe r provided the exploration team an opportunity to take a short break which also
helped to reduce the back log with the lab s (currently up to 45 day turn around) before the scheduled
resumption of drilling expected on Monday, November 23, 2020. Another six high priority holes are planned on
the Trove Property to test coincident geophysical and geochemical anomalies beginning on Monday.
East Barry Property
Durango has recently submitted drill permit applications for the East Barry claim block to test a hig h priority
target coincident with high till anomalies of up to 2.19 g/t gold and pristine gold grains in till trend. As soon as
the weather conditions are favourable for access, a drill will be commissioned to East Barry to test a geophysical
anomaly which aligns with an artificial intelligence (“AI”) target.
Marcy Kiesman, CEO of Durango, stated, “ While the warm weather was helpful for Durango’s exploration crew
expanding the ground exploration program onto the East Barry Property this past month, it has created
challenges for drilling on the Trove Property . Our team has been successful working on three of the four IP grids
and drilling six of the high priority holes as planned on the Trove Property thus far. Our team was also effective in
completing surface work on the East Barry Property which provided a compelling case for test drilling in an area
with a known AI target. We look forward to continued drilling into the winter months and releasing the assay
results as they become available.”
The technic al contents of this press release were 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 Property, Québec
Durango owns 100% interest in the Trove claims , 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
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 currently undertaking its inaugural drill program.
#248 - 515 West Pender Street
Vancouver, BC, V6B 6H5, Canada
tel: 604.428.2900
www.durangoresourcesinc.com
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East Barry Property, Québec
Durango owns 100% interest in the East Barry claims which run parallel to Tr ove claims. The East Barry block is
over 7,740 hectares in size and borders the eastern perimeter of Osisko’s holdings and the southern perimeter of
Bonterra’s holdings and is less than 4km south of the Gladiator deposit. The East Barry claims host a gold trend
which covers approximately 10km in length and is subparallel to the main Barry Fault held by Osisko Mining. In
2018, a till sampling program was conducted by Durango and one of the till samples returned forty -two (42)
pristine gold grains with report ed gold values of 2.184 g/t Au. A high count of pristine gold grains indicates that
the gold has travelled a very short distance from its source. The East Barry block underwent an Induced
Polarization (“IP”) survey in 2018 which identified a high priority target coincident with the high count of pristine
gold grains.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The
Company is positioned for discovery with a 100% interest in a strate gically 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 “forw ard‐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 prosp ects 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 a re 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 bu siness 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, continued availability of capital and financing and general economic,
market or business conditions. The Company does n ot 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.