Durango Receives First Option Payment FOR Trove Windfall Lake Property
DURANGO RESOURCES INC.
Suite 248 – 515 W. Pender Street
Vancouver, BC V6B 6H5
TSX Venture Exchange Trading Symbol:
DGO Frankfurt: 86A1 / OTC Grey: ATOXF
DURANGO RECEIVES FIRST OPTION PAYMENT FOR TROVE WINDFALL LAKE PROPERTY
Vancouver, BC / TheNewswire / April 20, 2017 – Durango Resources Inc. (TSX.V -DGO, OTC:
ATOXF, FSE:86 A1), (“ Durango”) is pleased to announce that it has received the first option
payment in relation to the option agreement (the “ Agreement”) with BonTerra Resources Inc.
(“BonTerra”) as announced on Ma rch 30, 2016 in relation to Durango’s Trove Property located
in the Windfall-Urban Gold Camp district of northern Québec (the “Trove Property”).
The Trove Property is surrounded by properties held by Osisko Mining Inc. (TSX: OSK) (“Osisko”)
and Beaufield Resources Inc. (TSXV: BFD) ( “Beaufield”), and is a direct extension of the south
west mineralized trend that BonTerra is currently exploring on its Gladiator Gold Deposit and
Coliseum Gold Property.
Pursuant to the Agreement, BonTerra has paid its first payment of C $150,000 in cash and
1,500,000 BonTerra common shar es as a first step to earning a 100% interest in the Trove
Property from Durango. In order for BonTerra to ea rn a 100% interest in the Trove Property, it
has to pay an additional $150,000 in cash and 1,500,000 BonTerra common shares on the fir st
anniversary of the Agreement, and a further $200,000 in cash and spend a minimum of
$1,000,000 in exploration expenditures on or before the second anniversary of the Agreement.
If BonTerra fully exercises its option pursuant to the Agreement, Durango will retain a 2% NSR on
the Trove Property.
Marcy Kiesman, CEO of Durango, stated “Durango is pleased with the transaction with BonTerra
as it is providing capital to Durango without any dilution to shareholders. Durango recently
acquired additional strategically located claim blocks in the Windfall Lake area , some of which
are adjacent to Osisko and within a few kilometres of the Trove Property boundary. Durango plans
to a dvance the Windfall East and West properties in 2017. Durango is positioning to finance
exploration drilling programs on its projects with the recent and future cash and share deposits
due to the Trove option agreement.”
The Agreement has been filed on SEDAR under the profile of Durango at www.sedar.com.
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 Decouverté and Trove gold properties in the Abitibi
Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot
graphite property near the Miller M ine in Qu ébec, the Dianna Lake silver project in northern
Saskatchewan, and 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
Facsimile: 888.266.3983
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 receiving additional paym ents pursuant to the
Agreement, Durango engaging in fut ure drilling programs, raising additional funds , exploration
results on any of its properties or the and the impact on the Company of these events. Forward-
looking information is subject to significant risks and unc ertainties, 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.