Durango Provides Detailed Information On Lithium Exploration Program, Identifies Three Distinct Pegmatite Intrusions $DGO.ca

• Completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec
• Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets
• 11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2140 ppm Rb; and 11 samples returned over 27ppm Ta, up to 77.1 ppm Ta

Vancouver, BC / September 21, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that, further to its news release of September 20, 2016, Durango has completed a detailed geological interpretation and exploration report on its highly prospective, 100%-owned NMX East property in northern Quebec.

Results from the field reconnaissance survey included the discovery of three distinct lithium-bearing intrusions, which have been characterized as LCT (lithium-cesium-tantalum) pegmatites, and the generation of clear drilling targets.

Summary of Assays

Typical LCT (lithium-cesium-tantalum) pegmatites are marked by prominent accumulation of Li, Cs and Ta (sometimes with Rb and other elements), which are exhibited to an anomalous degree in the pegmatite assays returned from the NMX East property.

Out of a total of 79 samples taken at NMX East, 47 samples were taken from pegmatite outcrops. Out of this group of pegmatite samples: 11 samples returned over 129 ppm Li2O, up to 689 ppm Li2O; 5 samples returned over 50.3 ppm Cs, up to 83.6 ppm Cs; 22 samples returned over 481 ppm Rb, up to 2140 ppm Rb; and 11 samples returned over 27ppm Ta, up to 77.1 ppm Ta. Summary and ranges of anomalous results are summarized in Table 1. Assays are shown against pegmatite outcrops in Figure 1.

Table 1: Pegmatite Grab Sampling Highlights

* All coordinates are NAD83 UTM Zone 18N

Cautionary statement: Readers are cautioned that grab samples are selective by nature and are not necessarily representative of mineralization hosted on the property.

Click Image To View Full Size

Figure 1: Pegmatite sample map illustrating Li2O Results.

Larger image available at: http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Interpretation of Lithium, Cesium, Tantalum, and Rubidium Anomalies

Results from the exploration program at NMX East clearly indicate the presence of three distinct pegmatite intrusions which exhibit significant lithium, cesium, tantalum, and rubidium anomalies. One intrusion occurs on the property’s East Block, while two intrusions occur on the South Block.

The Nemiscau Region exhibits a markedly limited amount of bedrock exposure, which produces a very challenging environment for surface sampling. On average, there is approximately less than 5% exposure on the NMX East property and a large portion of the surrounding region. Evidence suggests that the majority of pegmatite bodies in the Nemiscau Region are obscured beneath the glacial diamict which blankets the region. Nemaska Lithium Inc.’s recent drilling results also report mineralized intercepts as deep as 500 metres below surface (2). As such, Durango’s geological team suspects the three viable lithium-bearing LCT pegmatites, which occur at surface on Durango’s NMX East property, may represent smaller exposures of potentially much larger intrusions which may continue both at depth, laterally, and along strike.

Furthermore, most LCT pegmatites exhibit concentric zonation, particularly of spodumene (Li), pollucite (Ce), columbite-tantalite (Ta), and beryl (Be) mineralization. This mineralization is typically concentrated in the core margin to core zone of the pegmatite intrusion, with dilute quantities in the intermediate zone. This zonation is illustrated in Figure 2.

Click Image To View Full Size

Figure 2: Zonation in an idealized LCT (lithium-cesium-tantalum) pegmatite intrusion. (USGS Open File Report 2013-1008)

Larger image available at: http://www.durangoresourcesinc.com/projects/nmx-east-quebec/

Durango’s geological team therefore interprets these moderate lithium, cesium, tantalum, and strong rubidium anomalies at surface to be a potential indication of significant spodumene mineralization at depth. The next steps at NMX East will include extensive stripping and/or drilling of these mapped pegmatite intrusions in order to determine the real nature and extent of the intrusive bodies.

Marcy Kiesman, CEO of Durango, comments, “The results from this campaign indicate the existence of three newly-discovered LCT pegmatite intrusions on the NMX East property and serve as an excellent first step in the progression of the project. Lithium-bearing pegmatites are a complex deposit type, considering the zonation and nature of mineralization within the intrusions and the challenging region in which they choose to manifest. Durango is exceptionally pleased to have discovered three distinct LCT pegmatite intrusions on the property and plans to explore these targets further in the coming exploration season, by means of stripping and drilling.”

All samples were grab samples and were analyzed by ALS Minerals, Val-d’Or (Quebec). The analytical methods used correspond to ALS codes ME-MS81 and Be-ICP81.

The technical contents of this news release were approved by Mr. Case Lewis, P.Geo., a consultant to the Company and a qualified person as defined by National Instrument 43-101. The NMX East Property has not been the subject of an NI 43-101 report.

References

1. (1)Bradley, D., McCauley, A. (2013). A preliminary deposit model for Lithium-Cesium-Tantalum (LCT) Pegmatites. USGS Open File Report 2013-1008.
2. (2)Nemaska Lithium (TSE: NMX) news release, September 6, 2016.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi project, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including commencement and completion of future exploration or project development programs 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.