00:06:30 EDT Tue 30 Apr 2024
Enter Symbol
or Name
USA
CA



Durango Resources Inc
Symbol DGO
Shares Issued 94,206,872
Close 2023-10-23 C$ 0.02
Market Cap C$ 1,884,137
Recent Sedar Documents

Durango Resources begins drilling at NMX East

2023-10-23 14:34 ET - News Release

Ms. Marcy Kiesman reports

DURANGO PROVIDES UPDATE ON NMX EAST LITHIUM PROPERTY

Further to Durango Resources Inc.'s news releases on Oct. 6, 2023, and Aug. 30, 2023, the drill, helicopter and field crew have arrived and started drilling and mapping at the company's wholly owned NMX East property, located in the Eeyou-Istchee James Bay region of Quebec.

The inaugural drill program is being completed via helicopter access and the planned initial drilling is 800 metres to establish the extent of a known pegmatite dike for lithium concentration below surface. While the drilling is underway, Durango has a field crew mapping the property specifically focusing on mapping pegmatite outcrops.

The NMX East property borders the eastern perimeter of Nemaska Lithium's Whabouchi deposit, which is one of the richest spodumene deposits in the world based on its volume and grade. Nemaska Lithium reports over 36 million tonnes of spodumene is expected to be produced at the Whabouchi deposit over a period of 33 years. Durango's NMX East property claim border is approximately 1.5 kilometres from the Whabouchi mine pit and the drill location is planned for approximately 2.8 kilometres away from the centre of the Whabouchi pit.

Marcy Kiesman, chief executive officer of Durango, stated: "We are delighted to begin our inaugural drill campaign on our prospective lithium claims known as the NMX East property. We are hopeful to delineate the extent of the pegmatites below surface due to our proximity to the Whabouchi deposit and we know from previous exploration that Durango holds lithium, cesium and tantalum pegmatites at surface on the NMX East property."

Additional updates will be announced as soon as they become available on the exploration program.

The company would also like to announce the grant of three million options to directors, officers and consultants of the company. The options are exercisable at five cents and are set to expire five years from the date of grant, being Oct. 20, 2023. The options are deemed to be fully vested at the date of grant.

About Durango Resources Inc.

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

We seek Safe Harbor.

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