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Posted by admin on Sep 7, 2016 in Uncategorized | 0 comments

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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

Posted by admin on Sep 6, 2016 in Company News, Uncategorized | 0 comments

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.

How Tesla’s Lithium Demands Could Soon Place a Cap on Production

Posted by admin on Aug 29, 2016 in Featured, Lithium News, Uncategorized | 0 comments

From OilPrice.com: We’ve gone electric, and there’s no going back at this point. Lithium is our new fuel, but like fossil fuels, the reserves we’re currently tapping into are finite—and that’s what investors can take to the bank.

You may think lithium got too popular too fast. You may suspect electric vehicles are too much buzz and not enough real future. You may, in short, be a lithium skeptic, one of many. And yet, despite this skepticism, lithium demand is rising steadily and sharply, and indications that a shortage may be looming are very real.

It won’t be a shortage in terms of ‘peak lithium’; rather, it will be a game of catch-up with the electric car boom, with miners hustling to explore and tap into new reserves.

Consider the number of battery gigafactories that are being built around the world. We have all heard about the Tesla Motors Inc (NASDAQ:TSLA) facility that will, at full capacity, produce enough batteries to power 500,000 electric cars per year by 2020.

This, as the carmaker proudly notes, is more than the global total lithium ion battery production for 2013. That’s a pretty impressive rate of demand growth over just three years—but this growth also represents the culmination of a sea change in the way we think.

Bolivia sets high hopes on its lithium industry

Posted by admin on Aug 25, 2016 in Featured, Lithium News, Uncategorized | 0 comments

Even though Bolivia has more identified lithium resources than any other country, the current top three producers are Chile, Australia and Argentina, in that order. (Image of Salar de Uyuni before sunrise by: Dimitry B. | Flickr Commons.)

Bolivia, one of the poorest countries in Latin America, has began shipping lithium to China in what is considered the first step towards fulfilling its ambitions to becoming the world’s No. 1 exporter of the commodity, used in high tech devices such as smart phones and electric cars, as well as in the pharmaceutical industry.

With a price tag of barely $70,000, Bolivia’s lithium shipment to China is being seen more like a symbolic transaction than a financial breakthrough for the country.Those first 10 tonnes of lithium carbonate were extracted from a pilot plant at the country’s salt flats, located in the southwestern region of Uyuni, local newspaper EFE News Agency reports (in Spanish).

But with a price tag of barely $70,000, the move is being seen more like a symbolic transaction than a financial breakthrough for the country, which expects to multiply the figure into millions of dollars by 2020.

Lithium, frequently referred to as “white petroleum,” drives much of the modern world, as it has become an irreplaceable component of rechargeable batteries used in high tech devices.