Tickers: XTSX:DGO, PINX:ATOXF
Vancouver, BC - TheNewswire - October 7, 2019 - Durango Resources Inc. (TSXV:DGO) (Frankfurt-86A1) (OTC:ATOXF), (the "Company" or "Durango") announces its plans to further explore Mayner's Fortune limestone in northern British Columbia ("BC") in the upcoming weeks.
The Mayner's Limestone is wholly owned by Durango and is located between Terrace and Kitimat, B.C. The property was expanded earlier this year due to the discovery of additional limestone units neighbouring the already known series of six limestone units. The 489-hectare property is located approximately 60km by Highway 37 South from the $40B LNG site and also has access to railway and power/hydro. Assays from both historical and recent sampling of surface exposures of the limestone beds indicate high quality for building material (cement) due to the high grade of calcium.
Marcy Kiesman, CEO of Durango stated, "This month marks the one year anniversary of LNG Canada's final investment decision for the $40B LNG Facility in Kitimat, B.C. We consider this even more significant today due to the recent global outcry for environmental responsibility. We believe that LNG Canada has invested in the right project, at the right time and in the right place and Durango holds significant value in the Mayner's Fortune high quality limestone asset located strategically near the LNG Canada Kitimat site."
"LNG Canada represents one of the largest energy investment in the history of Canada."* B.C. is well positioned for the investment and is well supplied with natural gas and is located near shipping access for the rapidly growing Asian markets. With global energy demands continuing to grow and a shortage of supply expected by 2025, the timing for LNG Canada could not be better especially given that China demand has already surged as they make the move from coal to natural gas to reduce their pollution. https://www.lngcanada.ca/news/one-year-later-1/
With drilling permits in place, Durango is focused on proving up and realizing shareholder value with the Mayner's Fortune limestone asset.
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 gold camp in the Abitibi region of Quebec, Canada.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, CEO
Telephone: 604.428.2900 or 604.339.2243
This document may contain or refer to forward-looking information based on current expectations and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, including market conditions, 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 relating to Durango, please refer to its prospectus filed on its SEDAR profile at www.sedar.com.
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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