Durango To Focus on Core Properties
March 05 2014 - 9:15AM
Access Wire
Vancouver, BC / ACCESSWIRE / March 5,
2014 / Durango Resources Inc.
("Durango" or the
"Company")
announces that it has reviewed its exploration
properties and has created a short list of the projects it will
maintain and explore in an effort to increase shareholder value.
The following properties have been selected:
-Albany Spurs, ON
This property was added to
Durango's portfolio in December 2013. It consists of 300 hectares
of prospective ground adjacent to Zenyatta Ventures Inc.'s
(TSX.V-ZEN) Albany graphite deposit.
-Buckshot, QC
The Buckshot property was
staked in September 2013 and title was received in December 2013.
It is a 240 hectare property prospective for graphite adjacent to
Canada Carbon Inc.'s (TSX.V-CCB) Miller Mine project.
-Decouverte, QC
Located in the Abitibi
Greenstone belt of Quebec, this property of 3,900 hectares is
prospective for gold. Durango has completed wide spaced soil
sampling and an airborne survey. The Company is currently reviewing
the results of this exploration to plan follow up
surveys.
-McGillivray, BC
The McGillivray property in BC
is prospective for gold, silver, and copper and was instrumental in
the IPO of the Company in 2009. Exploration has included soil
geochemistry, geological mapping and trenching but has yet to be
drilled. Three mineralized zones have been identified with 7 of the
10 rock samples from the breccia being highly anomalous (see news
release dated August 3, 2011 on www.sedar.com).
-Trove, QC
The Trove property of 1500
hectares is located in the Abitibi Greenstone belt of Quebec. It is
prospective for gold. Exploration has included geological mapping
and sampling, magnetomer and VLF - EM surveys, and detailed humus
grid sampling.
Over the next few weeks the
Company will continue reviewing the exploration results for these
properties with an aim to increase shareholder value by narrowing
the focus of its efforts for the upcoming year.
Durango also announces a grant
of an aggregate of 260,000 options to its directors, officers and
consultants. Each option has an exercise price of $0.15, expiring
on March 5, 2017.
About Durango
Durango is
a natural resources company engaged in the acquisition and
exploration of mining/exploration properties. The Company has a
100% undivided interest in the McGillivray Property in British
Columbia, the Trove and Decouverte gold properties in the Abitibi
of Quebec, the Albany Spurs graphite property located in
northeastern Ontario and the Buckshot graphite property near the
Miller Graphite mine in Quebec.
For further information on
Durango, please refer to its SEDAR profile at
www.sedar.com.
Marcy Kiesman, Chief Executive
Officer
Telephone: 604.428.2900
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,
including, but not limited to timing of mineral resource estimates,
future exploration or project development programs and the impact
on the Company of these events. Forward-looking information is
subject to significant risks and uncertainties, 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, as
it relates to Durango Resources Inc., please refer to the Company's
Prospectus filed on SEDAR.
Neither the 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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