Durango Reports Anomalous Gold in Till & Soil at Windfall Lake, QC
Vancouver, BC /May 30, 2018 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB-ATOXF), (the “Company” or “Durango”) is pleased to report the results from a till sampling program executed in late November 2017 on its wholly owned Windfall Lake properties. The assays established auriferous areas representing new explorations targets. The gold mineralization in the Windfall area is structurally controlled by a northeast trending deformation corridors.
In the fall of 2017, Durango sent an exploration crew to conduct a till sand/gravel (“till”) sampling program on certain blocks of claims in the Windfall Lake area of Quebec. All samples were obtained from Durango’s northern blocks which neighbor Osisko Mining Inc. (TSX.V-OSK) and were deemed priority due to being cut by cross cutting fault systems striking towards the Windfall Lake main mineralized system. Five blocks of claims ware visited and sampled in November 2017.
Thirty-six (36) 5kg till and thirty-six (36) duplicate soil samples were collected, analyzed for fine fraction analysis, and sampled for gold grain count and dense fraction. Of the 36 till samples taken from the area, 17 samples representing 47% of the samples collected returned gold grains, and 25 till samples of the multi-element assays reported gold anomalies between 5 ppb and 3480 ppb representing 74% of the samples collected.
Another analytical method was completed on the samples which is called the HMC (heavy mineral concentrate) where the lab separates the heavy minerals and analyze the concentrate of non-magnetic heavy minerals. The highest calculated ppb visible gold in HMC was 403 ppb in sample DGT-17 which is very intriguing due to the size of the sample. Thirteen additional samples reported gold anomalies with values ranging between 3 and 85 ppb of gold with the HMC method of analysis.
Particle shapes of the gold grains are commonly used to identify the distance to a gold source and has been a successful method of exploration in the Windfall Lake Gold Camp. Ninety-nine per cent (99%) of the gold grains have reshaped morphology, which indicate that the grain(s) were transported by the glacial till. The dominant glacial ice flow around Windfall Lake is south-west (N210° – N230°) (Prest et al. 1976, Parent et al. 1995, Fulton 1995). Most of the material collected was basal till resulting of subglacial transport and deposition. The dispersion length of gold signals in basal till is usually less than 1 kilometer.
A duplicate of heavy mineral concentrate for each till sample for each station was sent for a complete 36 elements assay analysis. Twenty five of the 36 samples returned anomalous gold values and fifteen of the samples returned values of between 5ppb and 100ppb gold. The highest returned gold anomalies from the analysis returned as follows: 3480 ppb Au (sample DGT-30), 1160 ppb Au (sample DGT-17), 425 ppb Au (sample DGT-18), 305 ppb Au (sample DGT-27), 160 ppb (sample DGT-26), and 121 ppb (samples DGT-10 and DGT-8.
The area with the highest reported results of 3,480 ppb gold may be further developed into an exploration target. A second phase of till sampling and a mapping/rock sampling program are expected to be completed on the balance of the property in the beginning of June 2018. The road access is well developed in the area, which should allow for a good overview of the surrounding property once the snow melts.
Mr. George Yordanov, P.Geo. commented, “Immediate mapping and till sampling with grid spacing of 100m on one of Durango’s north blocks is required as soon as possible followed by Induced Polarization (IP) survey as more than 60% of the sampling completed on this block returned anomalous gold results.”
The technical contents of this news release were approved by George Yordanov, P.Geo, a “Qualified Person” as defined by National Instrument 43-101.
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 limestone properties in northwest British Columbia, the Decouverté and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Québec, the Dianna Lake silver project in northern Saskatchewan, and the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
George Aizpurua, VP of Communications
First Canadian Capital Corp.
Telephone: 416.742.5600 or 647.500.2389
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900 or 604.339.2243