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Durango offered ground for purchase in Windfall Lake
2017-03-01 11:01 ET - News Release
Ms. Marcy Kiesman reports
DURANGO OFFERED ADDITIONAL GROUND IN WINDFALL LAKE AREA
Durango Resources Inc. has been offered additional ground for purchase in the Windfall Lake gold camp area. Certain of such properties adjoin property held by Osisko Mining who just announced on February 28, 2017 the completion of an $82M equity financing while other properties offered adjoin property held by Beaufield Resources .
Marcy Kiesman CEO of Durango stated, "This past February over $100M dollars in financings have been announced by four major companies in the Windfall Lake area. This activity has increased the attention of the discussions regarding our Trove Property, and management is continuing discussions with third parties in respect of a potential transaction; however, we would like to emphasize that Durango has not reached any agreements at this point in time. Management will advise when and if any agreement is reached. We look forward to what appears to be an exciting year ahead and will continue to work diligently to bring value to our shareholders."
Further to the news of February 13 th , 2017, Durango has agreed to pay a finder's fee to an arm's length party of 100,000 common shares in relation to the Industrial Mineral transaction in accordance with and subject to the policies and approval of the TSX Venture Exchange.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner's Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Qu ebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario .