Durango Locates Strong Alteration / Mineralization on the Decouverte Gold Property
June 26 2014 - 8:45AM
Access Wire
Vancouver, BC / ACCESSWIRE / June 26, 2014
/ Durango Resources Inc. (the
"Company" or
"Durango") announces
that the Company has completed follow up exploration on the
Decouverte (Discovery) property in the Frotet - Evans greenstone
belt, in northern Quebec. The program included
prospecting and rock / chip / channel sampling in the area of
regional geochemical soil anomalies in gold (up to 174 ppb Au) and
indicator base metals (NR May 6, 2014) to evaluate the gold
potential of the property. It was designed to provide broad
coverage of the property in the vicinity of airborne magnetic and
electromagnetic targets, covering gossans, sulfide rich zones and
iron formation.
Outcrop is limited (estimated
at 3% max) so angular boulders / cobbles of sulphide rich units in
glacial overburden along strike of airborne anomalies were also
used to evaluate the area which has a regional
structural system of mostly NW trending foliation/schistosity and a
persistent N-S fracture system. Glacial movement is approximately
north / south to NNE/SSW through the property.
The following significant
alteration / mineralization zones were noted:
-
1)Disseminated
pyrite (5%) associated with green mica (fuchsite?) disseminated and
along slip (foliation) planes in a highly silicified / iron
carbonatized, sheared mafic volcanic.
Click Image To View Full Size
-
2)A gossan zone
consisting of iron oxides with a pervasive "sulphur" smell in
silicified / sheared mafic volcanics carrying 5% pyrite, with
possible chalcopyrite and arsenopyrite, in the fresh (non oxidized
rocks) as seen in picture below.
Click Image To View Full Size
-
3)Mineralized
zones 1 and 2 (above) are approximately 1 km apart along strike and
may be related.
-
4)Silicified
mafic volcanics with strong disseminated pyrite (up to 5%), 1-2%
arsenopyrite and up to 15% magnetite associated with the magnetic
high in the northeast portion of the claims as per picture
below.
Click Image To View Full Size
-
5)Iron formation
units consisting of magnetite with folding and shearing are
associated with a linear magnetic zone trending East-West in the
southern part of the claims as per picture below. Although no
sulphide mineralization was found associated with these units, they
are excellent hosts for gold mineralization where cut by shear /
fault systems which could exist in the magnetic low areas along the
airborne magnetic trend.
Click Image To View Full Size
A total of 102 outcrop
samples, 65 float samples and 9 soils were taken. The samples have
been submitted to Activation Laboratories in Ancaster, Ontario for
analysis for precious and base metals plus gold indicator elements.
Results are pending and will be released when received.
Marcy Kiesman, CEO, stated,
"The Decouverte property is part of a regional structural block
which may include the Troilus Mine, a copper/gold deposit located
approximately 40km to the NE with the geology at Decouverte having
many lithological and mineralogical similarities to Troilus. The
Company has now completed a follow up exploration program, with
positive indications for significant gold mineralization. We await
the assay results to plan our next phase of exploration on this
exciting property."
The technical information in
this news release has been reviewed and approved 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 5,100 ha, is located 100km north of Chibougamau, Quebec
in the Frotet - Evans greenstone belt. Durango carried out a 439
line kilometer helicopter borne DIGHEM EM/magnetic airborne
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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