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Bullboard - Stock Discussion Forum Durango Resources Inc V.DGO

Alternate Symbol(s):  ATOXF

Durango Resources Inc. is a Canada-based natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake and Troilus gold camps in the Abitibi region of Quebec, Canada. It holds approximately 9,500 hectares (ha) in the Windfall Lake... see more

TSXV:DGO - Post Discussion

Durango Resources Inc > excellent ! Excellent ! NEWS
View:
Post by knoxt on Jan 17, 2022 10:19am

excellent ! Excellent ! NEWS

 
Durango Discovers 14.367 g/t Gold at Surface on Discovery Property, QC

 

17 Jan 202209:03 ET  

TheNewswire.ca

 

(via TheNewswire)

Durango Resources Inc.



Vancouver, BC - TheNewswire - January 17, 2022 - Durango Resources Inc.(TSXV:DGO) (Frankfurt:86A1) (OTC:ATOXF), (the "Company" or "Durango") announces that further to the news release of November 22, 2021, the Company has received its gold assay results for the channel sampling program conducted in early November on its wholly owned Discovery Property in Quebec.

The channel sampling program was completed as a follow up program to site visit conducted in September 2021 which identified gold at surface of 41.16 and 46.64 g/t (see news release dated October 7, 2021, for full details). Durango set out to complete additional surface analysis on the area of interest before the snow arrived which included stripping and channel sampling near the geological contacts. A total of 50 fifty channel samples (50 cm each) were collected from five channels representing twenty-five linear meters in the vicinity of the previously announced gold assay results of 41.16 and 46.64 g/t. DGO-Discovery-Property-20220112.png (1082?689) (bmcms1.com)A detailed table of November gold assay channel results may be viewed here:

https://bmcms1.com/staging/durangoresourcesinc.com/projects/discovery-quebec/

Gold Channel Highlights include:

Channel 1: 0.5m at 1.969 g/t Au

Channel 2: 0.5m at 2.171 g/t Au

Channel 3: 1.0m at 9.25 g/t including 0.5m at 14.367 g/t Au

3m at 2.79 g/t Including 0.5m at 8.332 g/t Au

Channels 4 and 5 were collected along and inside a contact zone between mafic and pegmatitic rock and all samples were sent for complete rock and base metal analysis. The pegmatitic rocks were sent for lithium analysis as the Discovery property is in proximity to, and has similar geological continuity of, the neighbouring Moblan Lithium Project held by Sayona. All material results will be published as they become available.

Marcy Kiesman, CEO of Durango, stated, "We are extremely excited that the Discovery Property carries gold with significant grade in surface samples that are thirty-five meters apart. The next step is to test the rock structure at a deeper level and over a wider area to confirm the continuity and extent of the gold mineralization. As you can imagine, our exploration team is very enthusiastic about testing the surface targets at depth to uncover the potential of the Discovery Property. Gold assays of this grade at surface bode well for future drilling which Durango plans to undertake as soon as the snow melts."

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.

About Discovery

The Discovery Property is located on strike to the southwest of the past-producing Troilus gold mine and neighbours Troilus Gold Corp. (TSX-TLG). The Discovery Property is over 6,500ha in size and covers an important geological northeast to southwest regional structure. The Discovery Property has great road access and is accessible year-round via the Route du Nord.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.



Click Image To View Full Size

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: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

 
Comment by BGraham2 on Jan 17, 2022 11:49pm
Who held the property in 2014, when the other grab samples referenced in the photo accompanying this release were taken? Was there follow up drilling at that time in 2014?
Comment by BGraham2 on Jan 18, 2022 12:39am
So it seems Durango, known in 2010 as Atocha Resources, acquired the Discovery property in November 2010, according to Sedar documents. https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00026381&issuerType=03&projectNo=01660495&docId=2766424
Comment by muchogusto on Jan 18, 2022 2:31pm
i like that press release a lot, though it is about surface results. It could make things easier raising funds for the next drilling program.  Agoracom Pictures & Facts Update good luck for 2022!!!
Comment by TrumpThis on Jan 19, 2022 12:47pm
Grab samples are good sign. Location, location, location. GLTA
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