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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
Comment by dacreon Jan 08, 2019 10:48pm
71 Views
Post# 29203900

RE:RE:RE:RE:RE:RE:RE:RE:Financial Satement 31 Oct 2018

RE:RE:RE:RE:RE:RE:RE:RE:Financial Satement 31 Oct 2018You can speculate and insinuate all you want about a pp.  They are inevitable as with all exploration companies, all companies for that matter that have no revenue.  As investors we get that.  And who knows when the timing will be, but I have confidence in the management team, conditions will be as favourable as possible, and funds used in a systematic and effective manner to garner the best results.

Having said that, the only work that has been conducted since the Oct. 31 financials has been till sampling...a total of 9 samples taken and assayed...next to nothing in exploration costs in the last couple of months (mag survey was funded by Bon Terra).  So, I think it's pretty safe to assume we're not in dire consequences given there was $45,636 in cash, $504,000 in marketable securities as well as $112,000 in accounts receivable.  Really don't think we blew through over $600,000 in two months that would leave us in a dire situation as a couple posters are suggesting.

At any rate, I'm looking forward to the upcoming exploration season.  With pristine, angular gold particles in virtually all of the till samples...(you know how rare that is???), the bedrock source for that gold is nearby.  Let's go find it ladies!

Have a good night!


Bullboard Posts