Durango Granted Approval On Graphite Prospects In Ontario
January 8, 2014 (Source: Accesswire) — Durango Resources Inc. (the “Company”) is pleased to announce it has been granted TSX Venture Exchange approval for its 100% interest in mineral claims located in northern Ontario adjacent to the XMET Inc., (TSX.V-XME) (“XME”), Zenyatta Ventures Inc., (TSX.V-ZEN) (“ZEN”) and GTA Resources and Mining Inc. (TSX.V-GTA) (“GTA”) graphite properties. The newly acquired claims in the Porcupine district of Ontario, total approximately three hundred hectares.
XME’s President, Mr. Alexander Stewart announced on January 6, 2014 via www.sedar.com that “As a result of our recent success in discovering conductive anomalies, and in particular one such anomaly that bares striking geophysical similarities to that of Zenyatta’s Albany project, we have aggressively expanded our land position based on our geological interpretation of areas co-incident with magnetic lows where we see opportunities to discover additional hydrothermal graphite targets.”
Durango’s chief executive officer, Marcy Kiesman stated, “We are confident that the combination of being located in the center of the hydrothermal graphite region as defined by work carried out by other landholders and our neighbors discovering significant magnetic and electromagnetic anomalies associated with graphitic zones, will produce positive outcomes for the Company and its shareholders.”
Durango is a natural resources company engaged in the acquisition and exploration of mining/exploration properties, mainly for gold and other precious metals. The Company has a 100% undivided interest in the McGillivray Property in British Columbia, the Sol Riche and Tresor Nord/Sud REE properties in Montviel Township in Quebec, the Trove and Descouverte gold properties in the Abitibi of Quebec, the Montpellier and St. Sixte graphite properties in the Grenville region of Quebec, and the Stubble gold property in Saskatchewan.
For further information on Durango, please refer to www.sedar.com.
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Marcy Kiesman, Chief Executive Officer
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 with SEDAR.
Neither 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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