Durango Resources Inc. Reports Results from Property Adjacent to GT Gold
Vancouver, March 15, 2018 - Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB-ATOXF), (the "Company" or "Durango") is pleased to report the results from its reconnaissance visit to the claims bordering GT Gold in the Golden Triangle of B.C. As referenced in its news release of September 20, 2017, in the fall of 2017, Durango sent an exploration crew conduct a first phase, grassroots exploration program on some of its claims adjacent to GT Gold. Thirteen claims were flown over via helicopter, and the team discovered some surface alteration outcropping in an area called the "Grizzly" which is a claim of Durango located directly on strike, and west of GT Gold's Tatogga North zone.
Rock samples taken from the Grizzly area returned 26 ppb Gold (Au) in sample # 82277, 2.12 ppm (2.12 g/t) Silver (Ag) in sample # 82272, 0.015 % Copper (Cu) in sample # 82262, and 0.010 % Copper (Cu) in sample # 82270.
The Cobalt (Co) highest grades were 33.4 ppm in sample # 82254 and 26.5 ppm in sample # 82251. Cobalt is strongly connected with Titanium (Ti), Scandium (Sc), and Vanadium (V) judging by statistically significant nonparametric Spearman's correlation coefficient. These elements are usually indicators of mineralization and will be used when comparing with future assays on the property.
An extremely high grade of Mercury (Hg) of 810 ppb was reported in sample # 82272, as well as 680 ppb in sample #82273, and 420 ppb in sample # 82265. Mercury can be used as an indicator to trace for mineralization, and/or fault systems and is expected to be used when comparing future assays on the property.
Soil samples from the Grizzly returned 40 ppb Gold (Au) in sample # 314, 3.26 ppm (3.26g/t) Silver (Ag) in sample # 334, and 0.01% Copper (Cu) in sample # 326.
The crew focused on the Grizzly area due to the ease of access; however, a few samples were obtained near the border of Durango's claim located near the Skeena Resources Ltd.'s Spectrum-GJ project and more precisely near Donnelly pit area for use as regional information. The results of these assays provided anomalous gold (Au) values of 11 ppb in grab sample # 82299 and anomalous copper (Cu) 0.02 % in grab sample # 82294. These grab sample anomalies confirm and correlate with the soil samples which assayed 32.6 ppb gold (Au) in sample # 359 and 0.01% copper (Cu) in sample # 371.
A total of 51 grab samples and 76 soil samples were collected from the two areas.
The results of the short program exhibit anomalous metals in the area, and therefore additional follow up exploration work is highly recommended. Planning for additional exploration program in 2018 is underway to further define local geology and gold and other mineralization targets on the property.
The project geologist has recommended ground geophysics (including electromagnetic, induced polarisation and gamma radiometric survey), additional rock and soil sampling, and mapping of selected areas as follow up work required in 2018.
Marcy Kiesman, President and CEO of Durango Resources stated, "We are excited to have a gold anomaly next to GT Gold who hosted a very significant gold discovery in July 2017. It has been stated, always look for gold in the shadow of a headframe, or in areas where gold has been discovered, and being so close to GT Gold with excellent geology, positions Durango for discovery. Durango is pleased that our exploration team was able to outline a gold anomaly and looks forward to completing additional work in 2018."
The technical contents of this news release were approved by George Yordanov, P.Geo, a "Qualified Person" as defined by National Instrument 43-101.
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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 limestone properties in northwest British Columbia, the Decouverte 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 Quebec, the Dianna Lake silver project in northern Saskatchewan, and the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, CEO
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 and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, raising additional capital for exploration expenditures, 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 its 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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