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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 muchogustoon Feb 04, 2019 1:47pm
117 Views
Post# 29315864

Thanks, but honestly...

Thanks, but honestly...
I will stay at DGO. I come to the points later on. Thanks for introducing CSL, really not bad. But I will stay here, and try to nibbling - but the market is getting clean. SEK is also interesting, with the adventure finding a trend right into the area of BTR (do your ownd DD)

It's really quiet at DGO, but it could be a good sign that well funded news releases are in the pipeline.

I am looking for news to come about these WINDFALL properties:

TROVE:

Marcy Kiesman, chief executive officer of Durango Resources, commented: "We are fortunate to have had Bonterra complete the airborne survey on the Trove property, as it has delineated regional fault information and highlighted the northeast structure going through the property. I am very excited that we have retained [a] 100-per-cent interest in the Trove property, which is part of the emerging Windfall Lake gold mining camp, and look forward to exploring it further in the upcoming months."

East Block

Earlier this year, Durango discovered gold in the till immediately adjacent to Osisko Mining Inc.'s claims on Durango's East block of claims, which host the highest-priority IP target. The IP survey analysis deemed this target to be of high interest for gold exploration and recommended immediate follow-up fieldwork. Eleven till samples were collected in this area and returned calculated gold values ranging from 33 parts per billion to 529 ppb, with the average being 205 ppb gold.

These results are particularly interesting for Durango when coupled with the previous results in the area as it reveals a gold trend for over five kilometres in length subparallel to the main fault system which supports the IP survey results. One of the samples returned nine pristine gold grains, which suggests that the gold has travelled a very short distance from its source. Forty-two pristine gold grains reported values of 2,184 ppb Au (2.184 g/t) were obtained in the same area as announced in Durango's news release on July 23, 2018. One kilometre south of the area with the pristine gold grains till assays returned 32.5 ppb, 28.7 ppb and 17.5 ppb Au. These results, combined with the direction of the glacial movement, clearly indicate great potential for the East claim block.

Northwest Block

Two targeted surveys are in direct contact with Osisko claims and cross cut by northeast-southwest fault systems striking toward the reported Windfall Lake main mineralized system. On May 30, 2018, Durango announced results of a till program completed on the Northwest claims and assays reported gold anomalies in the till ranging from five ppb to 3,480 ppb Au. Two till samples taken in this region during the IP survey returned calculated values of 25 ppb and 51 ppb Au and visible gold grain counts of 31 and 21, respectively.

Southeast Block

Two till samples were taken from the Southeast block and returned 50 and 56 visible gold grains with calculated values of 27 ppb and 89 ppb Au, respectively. In June of this year, a grab sample was obtained from this claim block and returned 22 ppb Au.

Addtionally the bulk tonnage permit for the Mayners Fortune could come in any day and we might have the opportunity to get an offtake agreement for the LNG building activities.

GLTA in whatever Stock you are in...DGO, CSL, SEK,MKR, BTR, OSK and so much more Gold plays...
Bullboard Posts