Durango Resources Inc (CVE:DGO) reported that firm representatives are attending the PDAC convention this week to discuss with potential parties, financiers interested in the Trove project. Prior to this update, the company posted that it has been presented additional land for purchase in the Windfall Lake Gold Camp region. Certain of such assets adjoin property owned by Osisko Mining who just reported on February 28, 2017 the closure of an $82 million equity financing whereas other properties presented adjoin property owned by Beaufield Resources.
The buzz
Marcy Kiesman, the CEO of Durango, reported that this past February more than $100 million dollars in funding have been reported by four major firms in the Windfall Lake area. This measure has increased the focus of the discussions pertaining their Trove Property, and management is progressing talks with third parties in terms of a prospective transaction; however, they would like to state that Durango has not finalized any deals at this point in time.
Its management will counsel when and if any contract is reached. They look forward to what seems to be a thrilling year ahead and will persist to work diligently to get value for shareholders. Adding to the update of February 13, 2017, Durango has accepted to compensate a finder’s fee to a party of 100,000 stock in respect to the Industrial Mineral deal in accordance with and depending on the approval and policies of the TSX Venture Exchange.
Durango is a natural resources firm engaged in the exploration and acquisition of mineral properties. The firm has a 100% stake in the Mayner’s Fortune and Smith Island mineral assets in northwest British Columbia, the Trove and Decouverte gold assets in the Abitibi area of Quebec, the NMX East lithium asset near the Whabouchi mine and last the Buckshot graphite asset near the Miller Mine, the Whitney Northwest asset close to the Lake Shore Gold as well as Goldcorp JV in Ontario.
