| Announcement Date: | 2022-01-17 |
|---|---|
| Announcement Type: | Exploration Update |
| Announcement Code: | NI43-101 |
| Company name: | Durango Resources Inc. |
| Project name: | Discovery |
| Location: | Canada |
| Commodities: | Gold |
| Highlight: | Channel sampling results incl. 1m @ 9.25g/t Au |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, BC / TheNewswire / January 17, 2022 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB -ATOXF), (the “Company” or “Durango”) announces that further to the news release of November 22, 2021, the Company has received its gold assay results for the channel sampling program conducted in early November on its wholly owned Discovery Property in Québec. The channel sampling program was completed as a follow up program to site visit conducted in September 2021 which identified gold at surface of 41.16 and 46.64 g/t (see news release dated October 7, 2021, for full details). Durango set out to complete additional surface analysis on the area of interest before the snow arrived which included stripping and channel sampling near the geological contacts. A total of 50 fifty channel samples (50 cm each) were collected from five channels representing twenty-five linear meters in the vicinity of the previously announced gold assay results of 41.16 and 46.64 g/t. Channels 4 and 5 were collected along and inside a contact zone between mafic and pegmatitic rock and all samples were sent for complete rock and base metal analysis. The pegmatitic rocks were sent for lithium analysis as the Discovery property is in proximity to, and has similar geological continuity of, the neighbouring Moblan Lithium Project held by Sayona. All material results will be published as they become available. |
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