Durango Renews Windfall Lake GOLD Properties
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
DURANGO RENEWS WINDFALL LAKE GOLD PROPERTIES
Vancouver, BC / TheNewswire / May 4, 2023 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB -
ATOXF), (the “Company” or “Durango”) congratulates Osisko Mining Inc. (“Osisko”) (TSX-OSK) and a subsidiary of
Gold Fields L imited for their recent announcement of a 50/50 joint venture agreement on the Windfall Gold
Project in Québec.
On May 2, 2023, Osisko announced the 50/50 joint venture agreement on the Windfall gold project located in the
Abitibi greenstone belt , Urban Township, Ee you Istchee James Bay, QC . Osisko (osiskomining.com) Osisko’s
Chairman and Chief Exe cutive Officer, John Burzynski stated “Today is the start of what we believe will prove to
be a long and fruitful partnership with Gold Fields at Windfall, and in what we both believe is a significant
emerging gold district in Québec.”
Durango recently renewed its Trove Property which is surrounded by Osisko Mining Inc. in the district. Durango
also holds claims known as the East Barry Property which border Osisko and Bonterra Resources Inc. (TSX-BTR) in
the Windfall Lake region and the East Barry claims are also in the renewal process.
Marcy Kiesman, CEO of Durango stated, “It is exciting to see the Windfall in the news for such a positive reason,
$1.2B is a con siderable investment by Gold Fi elds, which speaks to the strength of the project. Durango is
strategically positioned in the Windfall area and currently holds over 10,000 hectares making it a junior mining
company with one of the larger land positions in the region.”
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.
East Barry Property, Québec
Durango owns 100% interest in the East Barry claims which run parallel to Trove claims. The East Barry block is
over 3,900 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 F ault held by Osisko Mining. A till
sampling program was conducted by Durango and one of the till samples returned forty -two (42) pristine gold
grains with reported gold values of 2.184 g/t Au. A high count of pristine gold grains indicates that t he gold ha s
travelled a noticeably short distance from its source. The East Barry block underwent an Induced Polarization
survey in 2018 which identified a high priority target coincident with the high count of pristine gold grains.
About Durango
Durango is a natura l resources company engaged in the acquisition and explo ration of mineral properties. The
Company i s positioned for discovery wit h a 100% interes t in a stra tegically located group of properties in the
Troilus gold camp and 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.
PO Box 31880, Richmond, BC,
V7E 0B5, Canada
tel: 604.428.2900
www.durangoresourcesinc.com
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
Marcy Kiesman, CEO
Telephone: 604.428.2900 or 604.339.2243
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This news release co ntains “forward‐looking information or statements” within t he meaning of applicable
securities laws, which may i nclude, without limit ation, statements that address the up coming work programs,
and other st atements relating to the business, financial and tec hnical prospects of the Company. All statements
in this news release, other than statements of historical facts, that address events or developments that the
Company expe cts to occur, are forward -looking statements. Although the Company believes the expect ations
expressed in such forward -looking statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results may d iffer materially from those in the forward-looking
statements.
Such statements and i nformation are based on numerous assumptions regarding present and future business
strategies and the environment in which the Compan y will operate in the future, includi ng the price of minerals,
the ability to achi eve 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 refle cts the Com pany’s views with respect to future event s and is
subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on S EDAR
at www.sedar.com. Factors that could cause actual results to differ mate rially from those in forward looking
statements include, but are not limited to, continued a vailability of capital and financing and general eco nomic,
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.