(via Thenewswire.ca)
Vancouver, BC / TheNewswire / May 16, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company”
or “Durango”) is pleased to announce an update on historic research on
its 100%-owned Whitney Northwest claims near Timmins, Ontario. Based on this new research, Durango has outlined a series of new
targets for its upcoming exploration program.
Research into historic drilling on the property has revealed that four of the reverse circulation
holes drilled on the property for the purposes of till sampling were reported to intersect possible mafic metavolcanics at their
termini (3). Metavolcanics are a known host to mineralization at both the Bell
Creek Mine, located 3.5 kilometres to the southeast, and the Whitney property, located 6 kilometres to the southeast. These drill
holes were targeting the till layer and only penetrated up to 1-2 metres into the underlying bedrock (3). Therefore, the true thickness of these metavolcanic units is yet unknown.
At the nearby Bell Creek Mine, gold mineralization occurs near or along mafic to ultramafic contact
zones, and within the mafic volcanic sequence (1). Similarly, at the Whitney
property, the Hallnor and Broulan Reef deposits straddle the unconformity between Timiskaming assemblage metasediments to the
south, and Tisdale assemblage metavolcanics to the north. Gold mineralization at the Whitney property is associated with several
styles of vein structures and as minute gold inclusions in sulphide minerals at or near the contact between the Timiskaming
sediments and mafic to ultramafic volcanic rocks (2).
Furthermore, analysis of the historic till sampling results has shown that 10 out of the 34 holes
drilled in the till sampling program returned gold values in till intervals directly overlying the bedrock, including the
significant till sample which assayed 15.0 g/t Au over a 2.6 metre interval. (3)(4)
Marcy Kiesman, CEO of Durango, comments, “Durango continues to provide shareholders with
opportunities for discovery. Research of past work identified the ground had been held and worked by Moneta Porcupine mines for
several decades, and significant gold results in till were returned. Now, research has indicated promising targets for gold
mineralization at Durango’s Whitney NW project were also identified but never drilled. It is a high priority for us to determine
the true thickness of these potential metavolcanic intervals and to determine their viability as a host to
mineralization.”
The technical contents of this release were approved Case Lewis, P.Geo., a qualified person as
defined by National Instrument 43-101. The property has not been the subject of a National Instrument 43-101 report.
References
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(1)Kallio, E., Vaz, N. (2015). NI 43-101 Technical Report, Updated Mineral Reserve Estimate for Bell Creek Mine, Hoyle Township, Timmins, Ontario,
Canada. March, 2015.
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(2)P & E Mining Consultants Inc. (2014).
Technical report and resource estimate on the Upper Hallnor, C-Zone, and Broulan Reef Deposits,
Whitney Gold Property, Timmins, Ontario, Canada.
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(3)Yungwirth, F.P. (1989). Moneta Porcupine Mines Inc – Report on reverse circulation overburden drilling – MGM-87 Project – Goose Lake
Claims.
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(4)See Durango Resources Inc. news release dated April 15,
2016.
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 Decouverté and Trove gold
properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property
near the Miller Mine in Québec, the Dianna Lake silver
project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and
Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel
corridor.
For further information on Durango, please refer to its SEDAR profile at
www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243
Facsimile: 888.266.3983
Email: durangoresourcesinc@gmail.com
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current
expectations, including, but not limited to the development, commencement and completion of future exploration or project
development programs 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
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