(via Thenewswire.ca)
Vancouver, BC / TheNewswire / August 20, 2015 - Durango Resources Inc. (the "Company" or "Durango") is pleased to provide an update concerning its Mayner's Fortune project located 6km south of the proposed Petronas LNG export facility and the proposed Shell consortium LNG facility.
A Financial Post News article dated August 19, 2015 titled "Emptying oilsands camps eye LNG projects...", mentions "LNG Canada, a joint venture led by Royal Dutch Shell plc's Canadian arm, has confirmed it is fielding proposals from would be suppliers at its proposed project near Kitimat, B.C."
"Engaging with local businesses at this stage is a normal part of project planning," LNG Canada's External Affairs director Susannah Pierce stated in an email. She added there is still no final investment decision on the project. Similarly, Malaysia's state owned Petroliam Nasional Berhad is inching toward a final investment decision on its Pacific Northwest LNG project near Prince Rupert and is also reportedly fielding proposals from camp providers and other service companies about the project."
Marcy Kiesman, CEO, states, "Durango has already contacted LNG Canada and expressed its interest of registering for business opportunities on the projects. The Company is now in the process of adhering to the pre-qualification process required of prospective contractors and suppliers."
About the Mayner's Fortune Prospect
The Mayner's Fortune limestone property is located in the Skeena Mining Division approximately 7.5 kilometres south west of Terrace, BC and 4 kilometres west of Lakelse Lake on Lakelse River. The property is located adjacent to the CNR railway line running between Terrace and Kitimat, less than 50 kilometres away from the proposed LNG (liquefied natural gas) site at Kitimat, BC.
The area of interest at Mayner's Fortune consists of a two kilometre thick metasedimentary sequence hosting six sub-parallel N to NE-striking limestone units of variable thickness. Durango's primary focus is on the westernmost unit in the sequence, known as the Mayner's Fortune occurrence (also historically referred to as Unit 1) (Haman, 1966). The occurrence is 30 metres thick lying adjacent to the CNR railway line, striking 040 degrees and dipping 25 degrees southeast. The unit has been mapped along strike for 108 metres with an average height of 30 metres measured from the level of the CNR tracks, and is suspected to continue beneath this level as well (Haman, 1966).
Durango's management and technical team will host an information session on the Mayner's Fortune limestone project in the upcoming weeks. Investors wishing to attend may visit www.durangolng.com to register and sign up for periodic updates.
The technical content of this release was approved by Mr. Case Lewis, P.Geo., a Qualified Person as defined by National Instrument 43-101.
About Durango Resources Inc.
Durango is a natural resource company engaged in the acquisition and exploration of mineral properties. In addition to the Mayner's Fortune and Smith Island limestone projects, the Company holds a 100% interest in the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the Buckshot graphite property near the Miller Graphite mine in Quebec.
For further information on Durango, please refer to SEDAR at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900
Facsimile: 888.266.3983
Email: durangoresourcesinc@gmail.com
Website: www.durangoresourcesinc.com
References
Cree Lake Mining Ltd., Bottoms, K.P. "Report on the Lady Luck, Mayners Fortune, Gabe and Lucky Fortune Mineral Claim Groups." EMPR PF (1967).
Cree Lake Mining Ltd., Haman, P.J. "Geology of the Terrace Area, BC, Lady Luck and Mayners Fortune Mineral Claim Groups." EMPR PF Placer Dome (1966).
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs, execution of a definitive agreement, raising of funds, obtaining regulatory approvals and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company's prospectus filed on its SEDAR profile at www.sedar.com.
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