Source
MARKET NEWS
Date 10/29/2015
Time 08:55:58 AM
Company
Durango Resources Inc.
Title Looks to
Advance Limestone
CDNX Symbol: DGO
Press Release
DURANGO RESOURCES INC ("DGO-V;ATOXF-0")
- Looks to Advance Limestone
Durango Resources Inc. (the "Company" or "Durango") reports
that TransCanada Corp. has received final permits from the British
Columbia Oil and Gas Commission (BCOGC), giving regulatory approval for
the construction and operation of the Prince Rupert gas transmission
(PRGT) pipeline project.
The Globe and Mail reported in its Wednesday, Oct. 28, edition
that "TransCanada announced that it cleared one of the final regulatory
hurdles necessary to begin construction of a $5-billion pipeline
project serving a proposed natural gas export facility in British
Columbia. Developers are racing to build export terminals to sell the
power-plant fuel on international markets amid a glut of supplies and
low domestic prices."
Marcy Kiesman stated, "This is good news for Durango as these
permits will link the northeastern British Columbia natural gas
production with the proposed Pacific Northwest (PNW) liquefied natural
gas station on Lelu Island near Prince Rupert. Durango's Smith Island
limestone property is located approximately six kilometres away from
Lelu Island and with the permitting milestone now achieved, Durango
plans to begin the advance of the north coast BC limestone properties."
About Smith Island
The Smith Island property is a past producing limestone property
located approximately 6 kilometres southwest of Lelu Island near Prince
Rupert, BC where the proposed $36 billion LNG facility is expected to
be built by Petronas LNG Consortium (Pacific Northwest LNG).
About Mayner's Fortune
The Mayner's Fortune limestone property is located in the Skeena
Mining Division approximately 7.5 kilometres south west of Terrace, BC
and 4 kilometres west of Lakelse Lake on Lakelse River. The property is
located adjacent to the CNR railway line running between Terrace and
Kitimat, less than 50 kilometres away from the proposed LNG (liquefied
natural gas) site at Kitimat, BC.
The Shell Consortium LNG project partners received full
Environmental Approvals in June, 2015, for the proposed $40 billion LNG
project in Kitimat. Public information on the LNG Canada consortium can
be viewed at www.lngcanada.ca.
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 the Buckshot graphite property near
the Miller Graphite mine in Quebec and 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
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, but not limited to timing of
mineral resource estimates, future exploration or project development
programs, execution of a definitive agreement, raising of funds,
obtaining regulatory approvals 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.
__________________________________________________
_______________________________________________
TSX Venture closing price for DGO-V
Date: 2015/10/28
Closing Price: 0.04
____________________________________________________________
(c)2015 Market News Publishing Inc. All rights reserved.
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