Durango Resources Inc.(TSX.V-DGO) (Frankfurt-86A1) (OTC-ATOXF),(the “Company” or “Durango”) reports that it is in discussions with two large cement manufacturers regarding its limestone assets on the Mayner’s Fortune property located in northern BC (the “Property”).
Durango recently completed a financing for the planned advance of the Property (see news release dated June 22, 2017). The Company is now planning its exploration program with the intention of completing and filing a NI 43-101-compliant technical report on the Property.
The Property is located near Terrace, BC and hosts a series of 6 parallel limestone beds. The Property boasts both road and rail access and has reported historical work proving historical measurements of limestone as announced on August 10, 2015 (Mayner’s Fortune occurrence MINFILE 103I 113). Durango has had exploration crews on site on two recent occasions to verify the positive assay results on some of the limestone beds on the Property, as announced on December 18, 2016 and February 8, 2017.
Plans are underway to further investigate and verify the historical information and advance the Property as required. Additional details will be announced as soon as they become available.
Marcy Kiesman, CEO of Durango said, “Durango is looking forward to conducting further work on the Mayner’s Fortune property as the encouraging results from our recent programs are increasing the potential for future working relationships with third parties. We intend to conduct supplementary work on the property as economically as possible to advance our understanding of the limestone deposit.”
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the NMX East lithium property near the Whabouchi mine and the Buckshot graphite property near the Miller Mine in Quebec, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.