Durango Receives Unsolicited JV Proposal
DURANGO RESOURCES INC. Suite 248 – 515 W. Pender Street Vancouver, BC V6B 6H5 TSX Venture Exchange Trading Symbol: DGO Frankfurt: 86A1 / OTC Grey: ATOXF
DURANGO RECEIVES UNSOLICITED JV PROPOSAL
Vancouver, BC / TNW-Accesswire / January 29, 2016 - Durango Resources Inc. (the "Company" or "Durango") announces that it has received an unsolicited joint venture proposal for Durango’s NMX East claims which are adjacent to Nemaska Lithium Inc. (TSX.V-NMX) Whabouchi Lithium Property. Nemaska Lithium announced on January 8, 2016 that it was added to the S&P/TSX.V Select Indices, and announced September 4, 2015 that it “Receives general certificate of authorization for Whabouchi Lithium Mine in Québec”.
The NMX East Property is adjacent to Nemaska Lithium’s proposed open-pit lithium mine and consists of approximately 1,200 hectares of claims bordering the east, northeast, west and northwest.
Durango will provide further updates if and when a joint venture agreement is reached on the NMX East property.
About Durango Resources Inc.
Durango is a natural resource company engaged in the acquisition and exploration of mineral properties. In addition to the Mayner’s Fortune and Smith Island limestone projects, the Company holds a 100% interest in the Decouverté and Trove gold properties in the Abitibi Region of Québec, and the Buckshot graphite property near the Miller Graphite mine in Québec.
DURANGO REÇOIT SOLLICITÉES JV PROPOSITION
Vancouver, Colombie-Britannique / TNW-Accesswire / Janvier 29, 2016 - Ressources Durango Inc. (la "Société" ou "Durango") annonce qu'elle a reçu une proposition de coentreprise non sollicitée visant les revendications NMX Est de Durango qui sont adjacentes à Nemaska Lithium Inc. (TSX.V-NMX) Lithium propriété Whabouchi. Nemaska Lithium a annoncé le 8 Janvier, 2016, qu'il a été ajouté à l'indice S & P / TSX-V Sélectionnez indices et annoncée le 4 Septembre, 2015, qui elle "reçoit certificat général d'autorisation pour Whabouchi mine de lithium au Québec".
La NMX-Orient propriété est adjacente à Nemaska Lithium proposé mine à ciel ouvert de lithium et se compose d'environ 1,200 hectares de revendications qui bordent l'est, au nord, à l'ouest et au nord-ouest. Durango fournira de plus amples mises à jour si et quand un accord de joint-venture est atteint sur la propriété NMX- Orient.
A propos de Ressources Durango Inc.
Durango est une société de ressources naturelles engagée dans l'acquisition et l'exploration de propriétés minières. En plus des projets de calcaire Fortune et de l'île Smith de la Mayner, la Société détient un intérêt de 100% dans la découverte et de propriétés aurifères Trove dans la région de l'Abitibi au Québec, et la propriété de graphite Buckshot près de la mine Miller Graphite au Québec.
For further information on Durango, please refer to SEDAR at www.sedar.com.
Marcy Kiesman, Chief Executive Officer Telephone: 604.339.2243 Facsimile: 888.266.3983 Email: [email protected] 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, future exploration or project development programs, execution of a definitive agreement, raising of funds, obtaining regulatory approvals 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 relating to Durango, please refer to the Company's 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.