Durango Provides Update on NMX East Property
Vancouver, BC / TheNewswire / October 6, 2023 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB -ATOXF), (the “Company” or “Durango”) provides an exploration update on its wholly owned NMX East Property located in the Eeyou-Istchee James Bay region of Québec.
Further to the news dated August 30, 2023, Durango is pleased to announce that it has secured a drill and helicopter for an exploration program on its NMX East lithium property located directly adjacent to the Whabouchi lithium deposit.
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 36M tonnes of spodumene is expected to be produced at the Whabouchi deposit over a period of 33 years (www.nemaskalithium.com). Durango’s NMX East property claim border is approximately 1.5km from the Whabouchi Mine pit and is located 33km east of the town of Nemaska in northern Québec.
Marcy Kiesman, CEO of Durango stated, “We are excited to conduct our inaugural drill campaign on our NMX East Property in search of lithium after waiting through Covid closures and a summer of exceptional forest fires. We have already ascertained in previous exploration that Durango holds lithium, cesium and tantalum pegmatites at surface so we are keen to drill test the pegmatite outcrops at depth.”
Additional updates will be announced as soon as they become available on the upcoming exploration program.
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake and Troilus gold camps in the Abitibi region of Québec, Canada.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements that address the upcoming work programs, and other statements relating to the business, financial and technical prospects of the Company. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.
Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of minerals, the ability to achieve its goals, the COVID-19 pandemic, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.
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