Duran Completes Milestone First Sale of Mineral Concentrates
DURAN COMPLETES MILESTONE FIRST SALE OF MINERAL CONCENTRATES
(Toronto, Ontario – April 27, 2017) Duran Ventures Inc. (TSXV: DRV; BVL: DRV) (“Duran” or the
“Company”) is pleased to announce the first shipment of zinc and le ad-silver concentrates from the
Aguila Norte mineral processing plant (“Aguila Norte” or the “Plant”) was received earlier this week at the
Impala Terminals in the port of Callao in Lima , Peru. These concentrates are 100% wholly owned by
Minera Aguila de Oro , the Company ’s 80% owned subsidiary that owns Aguila Norte . The Company
entered into an agreement with mineral trader Ocean Partners to purchase the concentrates and the final
settlement of this batch of concentrates will be approximately US$141,000. The proceeds from the sale
includes recoverable VAT taxes which will be used as free cash flow as the Company has no significant
debt and has available significant tax losses and VAT taxes recoverable. Approximately 10 metric tonnes
of concentrate still remains at the Plant and will be shipped shortly under the same terms.
The Company is actively negotiating additional mineral contracts to source feed for the Plant. Third party
mineral is currently being processed and will continue throughout the month of May and t he Company
expects that the plant should be operating at full capacity by the end of June 2017 . Mineral purchases
will commence in May and processing of the mineral and related concentrate sales will be in June.
Jeffrey Reeder, CEO and President of Duran states “The sale of our first concentrates is a milestone for
our Company. We expect to continue purchasing this Pb-Zn-Ag mineral from the small miner and will
process third party mineral to maintain full capacity of the plant. Currently copper concentrates are being
produced for a client and the next batches will include gold -silver-copper bearing mineral own ed by
another third party. Our corporate goal once the plant is fully commissioned is to enter into profit sharing
agreements and purchase agreements with miners. Several miners are now expressing strong interest in
the Plant since we are able to produce three concentrates from the same mineral source.”
Jeffrey Reeder, P.Geo., and a qualified person as defined in National Instrument 43 -101, has prepared,
supervised the preparation, or approved the scientific and technical disclosure contained in this news
release.
About Duran
Duran Ventures Inc. is a Canadian exploration company focused on mineral processing and the
exploration and development of precious and base metal properties in Peru.
Duran Ventures Inc. is a Canadian resource company listed on the
TSX Venture Exchange and the Bolsa de Valores de Lima: Symbol “DRV”
For additional information, contact: Jeffrey Reeder Tel: (647) 302-3290
or Oscar Pezo at (011) 511 422-1467
Website: www.duranventuresinc.com Email: [email protected]
Neither the 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.
Disclosure Regarding Forward -Looking Statements: This press release contains certain “Forward -
Looking Statements” within the meaning of applicable securities legislation. We use words such as
“might”, “will”, “should”, “anticipate”, “plan”, “expect”, “beli eve”, “estimate”, “forecast” and similar
terminology to identify forward looking statements and forward-looking information. Such statements and
information are based on assumptions, estimates, opinions and analysis made by management in light of
its experience, current conditions and its expectations of future developments as well as other factors
which it believes to be reasonable and relevant. Forward -looking statements and information involve
known and unknown risks, uncertainties and other factors that may cause our actual results to differ
materially from those expressed or implied in the forward -looking statements and information and
accordingly, readers should not place undue reliance on such statements and information. Risks and
uncertainties are mo re fully described in our annual and quarterly Management’s Discussion and
Analysis and in other filings made by us with Canadian securities regulatory authorities and available at
www.sedar.com.While the Company believes that the expectations expressed by such forward-looking
statements and forward -looking information and the assumptions, estimates, opinions and analysis
underlying such expectations are reasonable, there can be no assurance that they will prove to be
correct. In evaluating forward -looking statements and information, readers should carefully consider the
various factors which could cause actual results or events to differ materially from those expressed or
implied in the forward looking statements and forward-looking information.