Durango Assays 199.5 G/T Silver over 1.2 Metres in Channel Samples, 2.06% Copper from Grab Samples, and Discovers New Showings at Dianna Lake $DGO.ca
- Received highly encouraging assay results from its reconnaissance program at its 100%-owned Dianna Lake Silver Prospect in northern Saskatchewan
- high-grade silver and copper anomalies which assayed up to 457.0 g/t Ag and 0.72% Cu over 0.30 m in channel samples taken from the main zone of historical workings, and up to 2.06% Cu in grab samples
Vancouver, BC / September 6, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news release of July 26, 2016, Durango has received highly encouraging assay results from its reconnaissance program at its 100%-owned Dianna Lake Silver Prospect in northern Saskatchewan.
Durango’s team was successful in locating and mapping nearly all historical drill holes, pits, and trenches. In addition, several new silver, copper, and gold-bearing showings were discovered during the reconnaissance program.
The reconnaissance program encountered high-grade silver and copper anomalies which assayed up to 457.0 g/t Ag and 0.72% Cu over 0.30 m in channel samples taken from the main zone of historical workings, and up to 2.06% Cu in grab samples. The highest-grade copper values were returned from a historical trench 270 meters to the northeast of the main zone of historical workings. *
* Please see Table 1 and Table 2 for full summary and ranges of anomalous results.
Read MoreThe growing demand for lithium $DGO.ca $FMR.ca $BFF.ca $PFN.ca
The global demand for Lithium is on the up, worldwide demand for finished Lithium is around 160,000 tons a year. It is expected to rise to 400,000 to 500,000 per year over the next decade.
According to data from USGS, worldwide lithium production increased slightly in 2015 as a result of an increased demand for battery applications – of which lithium is a key component.
Batteries, specifically rechargeable batteries, have been identified as the largest potential growth area for lithium compounds with the demand for these far outweighing that of other rechargeable ones. Demand is also on the rise as automobile companies have entered the market, developing lithium batteries for electric and hybrid electric vehicles.
Read MoreNevada Energy Metals Announces Tim Fernback to the Board of Directors as Chief Operating Officer (COO) $BFF.ca
- Effective immediately, Tim Fernback has joined the Company to serve as Chief Operating Officer (COO)
- Possesses over twenty years of experience in financing and managing public and private small-cap companies throughout North America
September 1, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company” (TSX-V: BFF; OTCQB: SSMLF; Frankfurt: A2AFBV) Rick Wilson, President and CEO, is pleased to announce that effective immediately, Tim Fernback has joined the Company to serve as Chief Operating Officer (COO) for Nevada Energy Metals. Mr. Fernback possesses over twenty years of experience in financing and managing public and private small-cap companies throughout North America. Previously he has held multiple senior executive positions, including oversight of the Investment Banking and Corporate Finance Divisions at Wolverton Securities, formerly Western Canada’s oldest brokerage firm. He was also responsible for the consulting practice at Discovery Capital Corporation, a prominent British Columbia venture capital firm that specializes in financing and consulting.
At Wolverton Securities, Mr. Fernback was responsible for due diligence reviews on corporate clients and investment banking business development relationships for over 6 years. He planned and opened 3 regional offices in western Canada and reviewed and analyzed over 300 corporate clients for funding within the financial services industry raising over $750M. Responsible for over 50 IPOs and over 100 Reverse-Mergers on the TMX and Nasdaq, Mr. Fernback represented Wolverton nationally on various stock exchange committees and industry groups, including the Corporate Finance Advisory Group and Underwriting Groups on various Canadian Exchanges.
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