$ATOXF $DGO.V DURANGO RECEIVES DRILL PERMITS FOR NMX EAST PROPERTY https://backend.otcmarkets.com/otcapi/company/dns/news/document/50398/content
Vancouver, BC / TheNewswire / June 4, 2021 – Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB - ATOXF), (the “Company” or “Durango”) reports that further to the news of May 25, 2021, Durango has received the drill permits for its wholly-owned NMX East Property located near Nemaska, Québec.
The NMX East property borders the eastern perimeter of Nemaska Lithium’s Whabouchi deposit which is one of the richest spodumene deposits in the world based on its volume and grade. Nemaska Lithium reports over 36M tonnes of spodumene is expected to be produced at the Whabouchi deposit over a period of 33 years (www.nemaskalithiu m.com). Spodumene is used to produce lithium salts which are used for the lithium-ion battery market and have become increasingly popular in recent years due to growing demand for electric vehicles.
To date, Durango has ascertained that lithium, cesium, and tantalum (“LCT”) are present at surface in pegmatite outcrops on its NMX East Property with potential for more to exist below surface. Durango has now received the drill permits for two exploration holes on the property to test drill the pegmatite outcrops at depth to determine the potential scalability of the project. The NMX East has great road access from the Route du Nord and is easily accessible. Durango is planning to follow up on previous LCT pegmatite sampling obtained at surface from grab samples on its NMX East property and plans to deploy a crew during the summer. The drill permits are valid until March 31, 2022.
The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101. The NMX East Property has not yet been subject to an NI-43-101 report.