(via Thenewswire.ca)
Vancouver, BC / TheNewswire / November 1, 2016 – Durango Resources Inc.
(TSX.V-DGO), (the “Company” or “Durango”) reports that
further to its news release of October 25, 2016, it has completed site visits to its wholly owned limestone properties located on
the northwest coast of British Columbia.
A small exploration crew evaluated the site logistics and completed a small sampling program on the
Smith Island and Mayner’s Fortune properties. The crew accessed the Mayner’s Fortune property by helicopter and nearby
logging roads and and accessed the Smith Island property by helicopter. A total of twenty-four samples were taken on the properties
and submitted for assay. The results will be provided as they become available.
Marcy Kiesman, CEO comments: “Durango originally obtained the limestone properties in northwestern
BC to coincide with the potential LNG facilities which will require limestone for cement and aggregate. However, depending on the
grade and quality of limestone, it has many other uses, including as a livestock feed additive and an additive to breads, cereals,
toothpaste, papers, plastics, glass, paint, tiles, medicines and cosmetics. We look forward to advancing this compelling
opportunity to bring value to our shareholders.”
The past producing Smith Island claims are located 6km southwest of Lelu Island, the proposed site
of a pending $36 billion LNG facility that recently received conditional approval of the federal government. The Mayner’s Fortune
claims are located approximately 7.5km southwest of Terrace, B.C., along the CN rail line between Terrace and Kitimat, B.C., where
the proposed Royal Dutch Shell Consortium $40 billion LNG facility awaits a final investment decision.
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 Découverte and Trove gold
properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, 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 commencement and completion of the LNG projects, obtaining final government, industry and other approvals
of such projects, future exploration or project development programs on the limestone properties 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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