Durango to Begin Exploration Program at Windfall Lake
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
DURANGO TO BEGIN EXPLORATION PROGRAM AT WINDFALL LAKE
Vancouver, BC / TheNewswire / August 27, 2020 – Durango Resources In c. (TSX.V-DGO) (Frankfurt -86A1)
(OTCQB -ATOXF), (the “Company” or “Durango”) is pleased to report that further to its news released dated July
15, 2020, the exploration team is preparing to mobilize to its Windfall Lake properties.
Mechanical stripping and sampling will commence immediately on the northeast extremity of the Trove Property
along Durango’s high priority drill targets controlled by the NE -SW Barry fault. Durango has secured the
equipment necessary to begin its fall program and the exploration team will begin its program next week by
creating two trenches. The trenching will provide: (a) a cross section of the lithological contacts and the structural
geology that will be used to align drilling more accura tely; (b) a surface projection for drill interpretation; and (c)
the collection of additional rock samples.
The excavating equipment will remain on site during the program as Durango will rehabilitate some sections of
logging roads to allow for full access of the equipment which will include leveling and widening in areas on both
the Trove Property and the parallel East Barry Property, as necessary.
Durango has identified 12 immediate drill targets for the T rove Property to tes t favourable IP signat ures which
coincide with geochemistry and geophysical anomalies including gold that was previously found in till samples.
The drill campaign is scheduled to begin on or about the 15 th of September on the Trove Prop erty. Additional
updates on the drill plan details will be released shortly.
Marcy Ki esman, CEO of Duran go, stated, “We have just completed our largest financing in the history of th e
Company and I am very enthusiastic that Durango has a real opportunity to explore and complete drilling on all of
the key areas set out in the initial drill program. Durango is in a position to continue drilling if the mineralization
continues to correspond to that reported by Osisko Mining on their neighbouring property. The potential for the
Trove and East Barry properties is high.”
On August 25, 2020 , Globex Mining Enterprises Inc. (TSX -GMX) announced it sold six cells in the Windfall Lake
mining camp to Osisko Mining Inc. (TSX -OSK). As stated by Globex, “…two are near, to southwest and on strike of
the Black Dog gold deposit. ” These two cells are tied to Durango ’s Trove Property northern boundary and 500
meters away from the drill targets planned in the upco ming campaign.
https://durangoresourcesinc.com/_resources/images/Map-For-PR1.png
The technical contents of this press release were approved by George Yordanov, professional geologist , an
Independent Qualified Person as defined by National In strument 43 -101. The Trove and Ea st Barr y p roperties
have not yet been subject to an NI-43-101 report.
Trove, Québec
Durango owns 100% interest in the Trove cla ims, which are surrounded by Osisko Mining Inc. (TS X: 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 gol d found in tills coinciding with magnetic highs, several Induced Polarization anomalies and
two faults crosscutting the property. The fault systems north an d south of the Tro ve, 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 ready to undertake its inaugural drill program.
#248 - 515 West Pender Street
Vancouver, BC, V6B 6H5, Canada
tel: 604.428.2900
www.durangoresourcesinc.com
DGO:TSXV | 86A1:Frankfurt | ATOXF:OTCQB
East Barry, Québec
Durango owns 100% interest in the East Barry claims which run parallel to Trove clai ms. The East Barr y 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 s outh of the Gladiator deposit. Th e East Barry claims host a gold trend
which covers approximately 10km in length and is subparallel to the main Barry Fault held by Osisko. In 2018 a till
sampling program was conducted and one of the ti ll samples returned f ourty-two (42) pristine gold grai ns with
reported gold values of 2.184 g/t Au. A high cou nt 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 survey in 2018 which
identified a high priority target coincident with the high count of pristine gold grains.
About Durango
Durango is a natural r esources company engaged in the a cquisition and exploration of miner al properties. The
Company is positio ned for di scovery with a 100% int erest in a strategical ly l ocated 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 relea se c ontains “forward‐looking i nformation 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, su ch statements are not guarantees of
future performance and actual results may differ materially from those in the forward-looking statements.
Such statements a nd information are based on numerous assump tions regarding present and future business
strategies and the environment in which the Company will operate in the future, including the p rice of minerals,
the ability to achieve its goals, that ge neral business and economic conditions will not change in a material
adverse manner, that financing will be av ailable if and when needed and on reasonable terms. Such forward -
looking information re flects the Company’s views with respect to future events an d is subject to risks,
uncertainties and assumptions, incl uding those filed under the Company’s profile on SED AR at www.sedar.com.
Factors that could cause actual results to differ materi ally from those in forward looking statements include, but
are not limited to, continue d availability of capital and financing and general econom ic, market or bu siness
conditions. The Company does not und ertake 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.