Durango Defines Exploration Targets At Decouverte
May 06 2014 - 10:06AM
Access Wire
Vancouver, BC / ACCESSWIRE / May 6, 2014
/ Durango Resources
Inc. (the "Company" or "Durango") announces that, further
to its news release dated March 5, 2014, the Company has defined,
through an in depth review of its property
portfolio, priority exploration targets
on the Decouverte Property in northern Quebec, which is
located about 100 kilometres northwest of Chibougamau near Lac
Pasquale.
The Decouverte mineralized
target area is located to the east of Lac Pasquale and consists of
two significant aero-magnetic anomalies, with some electromagnetic
coincidence possibly associated with linear structural features, in
the Frotet-Evans greenstone belt. Target 1 consists of a cluster of
three east-west trending anomalies with a strike length of four
kilometres. A second airborne magnetic anomaly (Target 2), which
was staked recently and has not been explored previously by
Durango, consists of a cluster of medium intensity anomalies 4
kilometres long and 2 kilometres wide, located in the northeast
part of the property (see map below).
Click Image To View Full Size
Target 1 shows good
correlation between mapped metasedimentary units, positive magnetic
anomalies, which are possibly related to mafic to ultramafic
geological units, a linear zone of low resistivity, and gold in
soil anomalies. In 2013 eighty (80) plus outcrops were mapped on
the property with sixty (60) described as amphibolites and basalt,
both mafic units with strong iron content, which could provide good
hosts for shear related gold mineralization. Widespread carbonate
alteration and bleaching (alteration) of the host rocks has also
been noted. In the central part of the property (to the E and ESE
of Pasquale Lake) white to pink pegmatititic granite and
metasedimentary units are more abundant.
Geochemical analyses of rock
samples with weak alteration showed weak gold (max 22 ppb), and
anomalous nickel (1020 ppm), arsenic (1360 ppm) and copper (321
ppm) values. The anomalous zones are associated with NW trending
structures similar to many deposits in the Canadian
Shield, which crosscut a fold hinge and a N-S trending
fault system. Three hundred and forty
three (343) soil samples were taken at 100 metre spacings in 2013
across target areas identified in a 2011 Fugro airborne magnetic /
electromagnetic survey. The most significant soil values were 174
ppb Au, 0.66 ppm Ag, 150 ppm Ni, 200 ppm Cu and 240
ppm Ba. No follow up has evaluated the soil results. The nickel in
soils may indicate metavolcanic to ultramafic units. The gold,
silver, copper and zinc values are found in the metavolcanics near
the contact with metasedimentary units. Carbonate alteration is
widely dispersed in the main target areas.
Durango is planning a follow
up exploration program in 2014 with the focus on coincident
magnetic and geochemical anomalies, especially gold. Targets
associated with magnetic lows, possibly representing sheared
alteration zones, will be examined. Durango plans to commence
exploration as soon as weather and snow conditions allow access to
the property.
Marcy Kiesman, CEO, stated,
"The Decouverte property caught my interest late in 2011 when we
were informed that the geological units as defined by the airborne
survey did not correspond to the geological maps for the area. The
geological / structural environment, as defined by the geophysical
survey, shows characteristics of shear hosted gold zones elsewhere
in the Abitibi and as such is a compelling exploration target. Our
team of geologists and prospectors are working diligently with
management to finalize the details of an exploration program on the
property, including an analysis of funding requirements to conduct
the program."
Pictures and maps for the
Decouverte property can be viewed on Durango's website at
www.durangoresourcesinc.com.
All technical information in this press release has been reviewed
by Peter Dimmell, P.Geo., (NL, ON, QC) a "Qualified Person" as
defined in National Instrument 43-101.
About
Decouverte
The Decouverte (Discovery)
property of 3900 ha, is located 100km north of Chibougamau in the
Frotet - Evans greenstone belt. Durango carried out a 439 line
kilometer helicopter borne Fugro airborne magnetic /
electromagnetic geophysical survey on the property in 2011 (NR Nov
24, 2011). The property benefits from very favorable infrastructure
including road accessibility (within 10km of Route du Nord and a
myriad of logging roads) and a power line which bisects the
property.
About Durango
Durango is a natural
resources company engaged in the acquisition and exploration of
mineral properties. The Company has a 100% interest in the
Decouverte and Trove gold properties in the Abitibi of Quebec, the
McGillivray property in British Columbia, the Albany Spurs graphite
property 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,
obtaining financing, 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, 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.
SOURCE: Durango Resources Inc.
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