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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 Troilus gold camp and in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada. It has 100% ownership of the Mayner’s Fortune claims in British Columbia. The Mayner’s Fortune limestone property is located in the Skeena Mining Division approximately 7.5 kilometers (km) southwest of Terrace, British Columbia. Its 100%-owned NMX East property is adjacent to the Whabouchi Lithium Deposit and Hydromet Plant Project. It owns land packages in the Babine copper-gold district of west-central British Columbia. The Company has a 100% interest in the Decouverte Property situated in Quebec. Its Discovery Property is located about 100 km north of Chibougamau, Quebec. It holds about 9,500 hectares in the Windfall Lake exploration camp area.


TSXV:DGO - Post by User

Bullboard Posts
Post by finfishingon Feb 02, 2016 12:25am
68 Views
Post# 24515037

lithium price has doubled in 2015, so number in this article

lithium price has doubled in 2015, so number in this articleshould be 2x value: from stockwatch tonite Marcy Kiesman's Durango Resources Inc. (DGO), up one-half cent to four cents on 1.39 million shares, has received an "unsolicited joint venture proposal" for its NMX East lithium project in northern Quebec. (The name and directional qualifier come from a nearby advanced lithium project, Whabouchi, being worked by Guy Bourassa's Nemaska Lithium Inc. (NMX: $0.40).) Durango apparently staked the first claims that make up the NMX East project either late in 2014 or early in 2015. Ms. Kiesman was surprisingly mum about the matter until last fall, when she not so quietly began adding additional blocks of ground to the northwest and west of Nemaska's project. Durango now holds 1,200 hectares of claims bordering Whabouchi. At last report Whabouchi held 28 million tonnes measured and indicated at 1.57 per cent lithium oxide and another 4.7 million inferred at 1.51 per cent. A 2014 feasibility study credited a 26-year mine with a discounted net present value of $581-million after taxes, but the capital cost was a hefty $522-million 384543. Raising that sum will be a daunting challenge for Mr. Bourassa.
Bullboard Posts