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EYEBROW

29 September 2017
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EYEBROW

26 September 2017

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Preaching from the pulpit

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Majors edge lower

Copper, iron ore prices down

Skyharbour upbeat on uranium market and exploration

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Exploration / Development > Discovery

Durango grabs 6kg/t silver and 736ppm cobalt

Junior Durango Resources (CN:DGO) is “very pleased” with fire assay results from grab samples at its Dianna Lake project in northern Saskatchewan, where grab samples from the historic Pit No 1 averaged 2,650g/t silver.

Staff reporter

Exploration / Development > Discovery

Durango grabs 6kg/t silver and 736ppm cobalt

Junior Durango Resources (CN:DGO) is “very pleased” with fire assay results from grab samples at its Dianna Lake project in northern Saskatchewan, where grab samples from the historic Pit No 1 averaged 2,650g/t silver.

Staff reporter

Durango grabs 6kg/t silver and 736ppm cobalt

Native silver with Erythrite; and blue oxidation mineral from the copper zone

"All high-grade silver results were associated with highly anomalous cobalt (ranging from 560ppm to 736ppm)," Durango said.

The highest grab sample grades included 6,010g/t silver, 0.92% nickel and 26.2g/t scandium; and 4.21% copper was the highest-grade channel sample returned.

The company described the mineralisation as a complex copper-gold, silver-mercury, arsenic and sulfo-arsenic nickel-cobalt type, which might "potentially resemble the Kaiser Bill copper-silver deposit" in northern Queensland, Australia.

The company has also done magnetic surveys near historic workings and is planning a detailed follow-up exploration programme when weather permits in the coming months.

"Our work programme has uncovered really exciting geology that correlates with historical figures resulting from previous exploration programmes where high-grade mineralisation was identified at or near surface," project geologist George Yordanov said.

Durango has other gold, lithium, graphite and limestone exploration projects in Canada.

It had C$1.4 million in working capital at the end of July.

Shares in the company rose 12.5% to 9c, representing an 80% gain year-to-date.

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