Durango to Undertake Artificial Intelligence Program at Windfall Lake
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DURANGO TO UNDERTAKE ARTIFICIAL INTELLIGENCE PROGRAM AT WINDFALL LAKE
Vancouver, BC / TheNewswire / July 9, 2020 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB -
ATOXF), (the “Company” or “ Durango”) is pleased to announ ce that it has engaged Windfall Geotek Inc. (TSXV-
WIN) (“Windfall Geotek ”) to perform a CARD S an alysis using artificial intelligence (“AI”) on its Windfall Lake,
Québec land package.
Windfall Geotek is a mining and technology services company and leader in the use of AI and advanced
knowledge-extraction techniques in the mining sector since 2005. Windfall Geotek has recently worked with BTU
Metals, Quebec Precious Metals, Playfair, Flow Metals, and Puma Exploration.
Windfall Geotek was also engaged by Pacton Gold Inc. (TSXV-PAC) (“Pacton”) earlier this year to develop gold
exploration targets on Pacton’s Red Lake Gold Pro ject in Northwestern Ontario. Pacton’s Executive Chairman is
Dale Ginn, P. Geo, who is also the Chair of Durango’s Technical Committee.
According to Windfall Geotek’s news release dated July 2, 2020, in the course of identifying high proba bility gold
targets for Pacton, Windfall Geotek also discovered a series of large AI targets in the Red Lake District. The high
profile targets are located on properties belonging to Great Bear Resources , BTU Metals , Evolution Mining,
Rubicon Metals, Red Lake Gold and others.
CARDS analysis uses AI and data mining algorithms to identify high priority targets by c ombining all available
public and private d ata sets including geophysical, drill hole and geochemical data. The algorithm is designed to
highlight areas of interest that have potential to be geologically similar to other gold deposits and mineralization
in the Windfall Lake region. Durango is conducting early stage exploration on its Windfall Lake propert ies and is
utilizing the CARDS system as a n additional exploration tool. While d ata from nearby a dvanced exploration and
producers are being used, no direct comparison to these sites should be inferred. Mineralization hos ted on
adjacent and/or nearby properties is not necessarily indic ative of mineralization hosted on Durango’s properties.
The following map outlines the Windfall Lake area which will undergo the analysis:
https://windfallgeotek.com/wp-content/uploads/2020/07/CARDS_Durango_Resources_Trove_Project_Figure.jpg
The results of the analysis will be used in combination with the known areas of interest determined by favourable
IP signatures that coincide with geochemistry anomalies and pristine gold grains in till samples to further validate
high priority targets.
Marcy Kiesman, CEO of Durango, stated, “I am pleased to have Michel Fontaine and his team bring their cutting
edge technology to narrow our exploration focus by using the CARDS analysis on the 9,500 hectares of our claims
at Windfall L ake. Our shareholders have been extremely patient waiting for exploration results this year and we
are eager to implement this innovative technology as part of our exploration program at Windfall this year.”
Additional information on the exploration program will be released as it becomes available.
The technical contents of this press release were approved by George Yordanov, professional geologist , an
Independent Qualified Person as defined by National Instrument 43-101. The property has 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
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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. Durango received all the final drill permits for
the Trove property in September 2019 and is undergoing its final reviewing process for the proposed 3,0 00m drill
program.
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 6,100 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 count 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 acquisition and exploration of mineral 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 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, 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.