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Be the first with the news that moves the market- Durango Resources Inc (TSXV:DGO) has announced a COVID-19 corporate update
- All exploration work at Durango’s Windfall Lake properties has been suspended
- The Quebec Provincial Government has suspended all non-essential activity until April 13
- Durango has three leases in the Windfall Lake area
- Durango Resources Inc (DGO) is holding steady and is trading at C$0.05 per share, with a market cap of $2.3 million
Durango Resources Inc (TSXV:DGO) has shut down all exploration work at its Windfall Lake properties, due to an order from the Quebec government.
Quebec’s provincial government has ordered all non-essential activities to cease until at least April 13 to stop the spread of the virus. The order includes all mining exploration activity.
During the closure, Durango has begun reviewing technical historical data previously collected on its East Barry property.
The East Barry property is 6,100 hectares in size and runs parallel to the 1,188-hectare Trove property, also in the Winfall Lake area.
The two projects are bisected by Osisko Mining’s lease, which recently released very encoring results from its drilling program on the site.
Durango’s East Barry property has previously returned 2.19 grams per tonne of gold assays, which included visible gold grains.
To further define the 5km gold trend on the East Barry property, additional follow up plans may include more till sampling, mapping and induced polarisation surveys.
CEO of Durango, Marcy Kiesman stated the company’s exploration milestones are still on track despite the shut down near the Windfall properties.
“The slow down related to the COVID-19 pandemic is giving our technical team an opportunity to carefully review all historical data collected on the East Barry claim block and they are designing a program which is expected to begin as soon as the Windfall area of Quebec opens up and is safe for exploration,” he said.
Durango Resources Inc (DGO) is holding steady at $0.05 per share at 1:22 pm EST.
