Durango Reports Consolidation Near Its Discovery Property IN Frotet Evans Greenstone Belt
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DURANGO REPORTS CONSOLIDATION NEAR ITS DISCOVERY PROPERTY IN FROTET EVANS
GREENSTONE BELT
Vancouver, BC / TheNewswire / April 1, 2021 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB -
ATOXF), (the “ Company” or “ Durango”) reports that Troilus Gold Corp. (“Troilus”) (TSX-TLG) announced on
March 23, 202 1 that it entered into a de finitive agreement with Ur banGold Minerals Inc. ( “UrbanGold”) (TSXV-
UGM) to acquire all the issued and outstanding common shares of UrbanGold, for approximately $19M.
If the consolidation completes, the Troilus land holdings will be over 142,000 hectares and magnify its position as
the largest mineral claim holder in the region. Durango’s Discovery (Découverte) Property is located on strike to
the southwest of the past producing Troilus mine and neighbours UrbanGold. The Discovery Property is 6,700ha
in size and covers an important geological NE-SW regional structure. The Property has great road access and it is
located a few kilometers from the Route du Nord.
Durango’s technical team is in the process of preparing an exploration program for the Discovery Property in June
2021, after it completes i ts exploration program at Windfall Lake and will announce the plans in more detail as
they become available. https://durangoresourcesinc.com/_resources/images/Decouverte4-tn.jpg
Durango CEO, Marcy Kiesman, stated, “Durango is situated on strike with the Troi lus Gold mine and will become
a direct neighbour of Troilus Gold upon completion of the proposed transaction. This consolidation of the region
is positive for Durango and for the exploration and growth of all of the assets in the area.”
#248 - 515 West Pender Street
Vancouver, BC, V6B 6H5, Canada
tel: 604.428.2900
www.durangoresourcesinc.com
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
The technical contents of this press release were approved by George Yordanov, profession al geologist, an
Independent Qualified Person as defined by National Instrument 43 -101. The Discovery Property has not yet
been subject to an NI-43-101 report.
Discovery (Découverte), Québec
Durango owns 100% interest in the Discovery claims, which are adjacent Osisko Mining Inc. (T SX-OSK) and are
60km away from Troilus Gold Inc.’s past producing mine. The claims are located 100km away from Chibougamau,
Québec in the Frotet Evans greenstone belt with year-round road access from the Route Nord. The 6,700-hectare
property is compelling due to the structurally impo rtant south dipping s ynclinal fold nose deformed by a
northwest fault zone and northeast structures.
About Durango
Durango is a natural resources company engaged i n the acqui sition and explor ation of mineral properties. The
Company is positioned for discovery with a 100% interest in a strategically located group of prop erties 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 “forward‐loo king in formation or statements” within the meaning of applicable
securities laws, which may includ e, without limitation, statements that addres s the upcoming work programs,
and other statements relating to the busines s, financial and technical prospects of the Company. All statements
in this news release, other than statements of historical facts, that address ev ents or developments that the
Company expects to occur, are forward -looking statements. Although the Company believes the expectations
expressed in such f orward-looking statements are based on reasonable assumptions, such statements are not
guarantees of f uture performance and actual results may differ materially from those in the forward -looking
statements.
Such statements and information are base d on nu merous as sumptions regarding present and future business
strategies and the environment in which the C ompany 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 res pect 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 thos e in forward looking
statements include, but are not limited to, continued availability of capital and finan cing 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.
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.