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Durango Resources Inc
Symbol DGO
Shares Issued 38,266,019
Close 2019-03-18 C$ 0.08
Market Cap C$ 3,061,282
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Durango identifies three drill targets at Trove

2019-03-19 10:26 ET - News Release

Ms. Marcy Kiesman reports

DURANGO RECEIVES PRELIMINARY IP RESULTS ON TROVE PROPERTY AT WINDFALL

Durango Resources Inc. has received preliminary results of the continuing induced polarization (IP) survey at its Trove/Windfall-Barry project.

Preliminary results from grid 2 (the first of the four main target areas on Trove) defined two chargeable lineaments to be investigated. In both cases, sulphides are possible causes for these anomalies.

Highlights:

  • The G2-14 anomaly lines up nicely with some magnetic anomalies where the main fault is interpreted.
  • The G2-17 anomaly, found at the northern end of the lines, is slightly stronger and is conductive/magnetic.
  • The company outlined three first-priority targets for future drilling on the two chargeable axes.

An IP survey is being conducted over the four main geological and geochemical anomalies of the Trove claim block. Work on one of the four grids has been completed to date and the definition of three high-priority targets on this first grid is encouraging. Additional targets may be identified on the coming three IP grids.

The main goals of the IP survey are:

  • To accurately locate the possible sources of geochemical anomalies within the four targeted areas;
  • To provide enough information about the geometry of the sources to be able to design drill holes.

The following is the high-level work plan for 2019 (Windfall-Barry):

  • Following the completion and interpretation of the IP survey, an exploration team will be mobilized to start drill program planning; the program preparations will include preparing road access and drill pads;
  • Choose a drill contractor;
  • Drill test targets (up to 3,000 metres);
  • Trenching, sampling and geological mapping on a larger scale.

Marcy Kiesman, chief executive officer of Durango, stated: "We are excited to confirm that we now have three first-priority drill targets on the first IP grid completed. The drill targets align with the known magnetic anomalies along the main fault which extends to Windfall Lake. We are look forward to the upcoming results of the additional three IP grids with hope that this positive trend will continue. The Windfall Lake gold deposit is one of the highest-grade resource-stage gold projects in Canada and Durango's Trove property is located on the same fault, which is a great place to start searching for gold."

Additional updates will be released as they become available.

The technical contents of this release were approved by Joel Dube, PGeo, of Dynamic Discovery Geoscience, an independent qualified person as defined by National Instrument 43-101. The property has not yet been the subject of an NI 43-101 report.

About Durango Resources Inc.

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The company is positioned for discovery with a 100-per-cent interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.

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