Durango’s Neighbour Discovers New Mineralized Zone at Whabouchi $DGO.ca
- Expects assay results soon for its initial reconnaissance program at its 100%-owned NMX group of properties
- Located in northern Quebec adjacent to Nemaska Lithium Inc
- Marcy Kiesman, CEO of Durango, comments, “Nemaska Lithium’s (TSX-NMX) drilling news of September 6, 2016 is very exciting for Durango as the discovery of a new mineralized lithium zone at the Whabouchi property confirms the lateral extension of up to 100m east and west. This discovery is very positive for Durango because of its close proximity to both the proposed pit and current drilling program.”
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 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.
Read MoreNevada Energy Metals Announces Encouraging Lithium Results from Big Smokey Valley, Nevada $BFF.ca
- Announced encouraging results
- Of the 170 sample points analyzed 150 reported Lithium values greater than or equal to 100 ppm
- Highest value being 146 ppm Lithium (the median value being 116 ppm); 20 samples points were in the 53 ppm to 99 ppm range.
August 31, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company” (TSX-V: BFF; OTCQB: SSMLF; Frankfurt: A2AFBV) ) is pleased to announce encouraging results have been received from the latest sampling program at the Company’s 100% owned Big Smokey Valley (North) project. The geochemical sampling program was designed to test for lithium values in surface soils and/or playa evaporates. Samples were obtained on a grid pattern consisting of eleven east/west lines spaced 400 meters apart with stations every 200 meters along the lines. The grid covered an area of approximately 3,000 acres.
Of the 170 sample points analyzed 150 reported Lithium values greater than or equal to 100 ppm with the highest value being 146 ppm Lithium (the median value being 116 ppm); 20 samples points were in the 53 ppm to 99 ppm range.
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