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Durango Resources renews Trove property

2023-05-04 14:06 ET - News Release

Mr. Marcy Kiesman reports

DURANGO RENEWS WINDFALL LAKE GOLD PROPERTIES

Durango Resources Inc. is congratulating Osisko Mining Inc. and a subsidiary of Gold Fields Ltd. for their recent announcement of a 50/50 joint venture agreement on the Windfall gold project in Quebec.

On May 2, 2023, Osisko announced the 50/50 joint venture agreement on the Windfall gold project located in the Abitibi greenstone belt, Urban township, Eeyou Istchee, James Bay, QC.

Osisko

Osisko's chairman and chief executive officer, John Burzynski, stated, "Today is the start of what we believe will prove to be a long and fruitful partnership with Gold Fields at Windfall and in what we both believe is a significant emerging gold district in Quebec."

Durango recently renewed its Trove property which is surrounded by Osisko Mining in the district. Durango also holds claims known as the East Barry property which border Osisko and Bonterra Resources Inc. in the Windfall Lake region and the East Barry claims are also in the renewal process.

Marcy Kiesman, chief executive officer of Durango, stated: "It is exciting to see the Windfall in the news for such a positive reason, $1.2-billion is a considerable investment by Gold Fields, which speaks to the strength of the project. Durango is strategically positioned in the Windfall area and currently holds over 10,000 hectares, making it a junior mining company with one of the larger land positions in the region."

Trove property, Quebec

Durango owns 100-per-cent interest in the Trove claims, which are surrounded by Osisko Mining, in the Windfall Lake area between Val d'Or and Chibougamau, Que. The 1,185-hectare property is compelling due to the coincidence of gold found in tills coinciding with magnetic highs, several induced polarization anomalies and two faults crosscutting the property. The fault systems north and south of the Trove control gold mineralization elsewhere, indicating the Trove has excellent exploration potential.

East Barry property, Quebec

Durango owns 100-per-cent interest in the East Barry claims which run parallel to Trove claims. The East Barry block is over 3,900 hectares in size and borders the eastern perimeter of Osisko's holdings and the southern perimeter of Bonterra's holdings and is less than four kilometres (km) south of the Gladiator deposit. The East Barry claims host a gold trend which covers approximately 10 km in length and is subparallel to the main Barry fault held by Osisko Mining. A till sampling program was conducted by Durango and one of the till samples returned 42 pristine gold grains with reported gold values of 2.184 grams per tonne (g/t) gold. A high count of pristine gold grains indicates that the gold has travelled a noticeably short distance from its source. The East Barry block underwent an induced polarization survey in 2018 which identified a high-priority target coincident with the high count of pristine gold grains.

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 Troilus gold camp and in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.

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