Durango Receives BC Mines Permitting FOR Limestone
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB 113437972
DURANGO RECEIVES BC MINES PERMITTING FOR LIMESTONE
Vancouver, BC / TheNewswire / May 23, 2022 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB -
ATOXF), (the “Company” or “ Durango”) is pleased to announce that it has received from the British Columbia
Ministry of Energy, Mines and Petroleum Reso urces permitting which authorizes the production of up to 10,000
tonnes of limestone for the next five years on the Mayner’s Fortune property located near Terrace, BC.
Durango’s Mayner’s Fortune property is 7.5km south of the Terrace airport with an area of interest consisting of a
two-kilometre-thick metasedimentary sequence hosting at least six sub parallel N to NE striking limestone (with
minor marble) units. The first limestone unit has historical inferred reserves of 454,000 tonnes grading 96.3%
limestone which is a non-43-101 compliant resource and has not been verified by the Company. * Representative
samples taken from exposed outcrop have returned calcium carbonate levels of up to 99.9% at surface.
The Company plans to do additional mapping near the fifth limestone unit, followed by trenching, test drilling and
production (if warranted). The area is easily accessible and can be driven to by logging roads and has been mapped
and measured at 1.6km long at surface. Previous reports have indicated that limestone units one and three are of
high quality and size but due to the ease in accessibility and the grand size Durango is interested to see if the fifth
limestone unit is high quality at depth.
Marcy Kiesman of Durango stated, “ We are happy that the Ministry of Mines has had time to review our
documentation and issue Durango the bulk tonnage permit. Our geological team is now working on timing for a
site preparation visit to Mayner’s which will be followed by additional exploration.”
Global Growth of Limestone Market
In 2022, the global limestone market size was valued at USD $72 billion with the expectation to grow at a compound
annual growth rate (CAGR) of 7.3% for the next seven years. The use of limestone for water treatment and
purification activities is one of the forces driving the demand of limestone in coming years. Global Limestone
Market Size, Share & Growth Report, 2030 (grandviewresearch.com)
*The historical reports have not been verified by the Company and therefore should not be relied upon. The
technical contents of this press release were approved by Melanie Mackay, P.Geo., professional geologist, an
independent qualified person as defined by National Instrument 43-101.
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 strategically located group of properti es 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.sedar.com.
Marcy Kiesman, CEO
Telephone: 604.428.2900 or 604.339.2243
Email: [email protected]
Website: www.durangoresourcesinc.com
PO Box 31880
Richmond, BC, V7E 0B5, Canada
tel: 604.428.2900
www.durangoresourcesinc.com
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB 113437972
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB 113437972
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.
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