Durango Receives BC Mines Permitting for Limestone

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[{"type":"text","content":"Durango Receives BC Mines Permitting for Limestone\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, BC / TheNewswire / May 23,\n2022 – Durango Resources Inc.\n \n \n (TSXV\n \n \n :\n \n \n DGO) (Frankfurt:86A1)\n(OTC:ATOXF),\n \n \n (the “\n \n \n Company\n \n \n ” or\n“\n \n \n Durango\n \n \n ”) is pleased to announce that it has received from the\nBritish Columbia Ministry of Energy, Mines and Petroleum Resources\npermitting which authorizes the production of up to 10,000 tonnes of\nlimestone for the next five years on the Mayner’s Fortune property\nlocated near Terrace, BC.\n \n \n \n \n Durango’s Mayner’s Fortune property is 7.5km south\nof the Terrace airport with an area of interest consisting of a\ntwo-kilometre-thick metasedimentary sequence hosting at least six sub\nparallel N to NE striking limestone (with minor marble) units. The\nfirst limestone unit has historical inferred reserves of 454,000\ntonnes grading 96.3% limestone which is a non-43-101 compliant\nresource and has not been verified by the Company. * Representative\nsamples taken from exposed outcrop have returned calcium carbonate\nlevels of up to 99.9% at surface.\n \n \n \n \n The Company plans to do additional mapping near the\nfifth limestone unit, followed by trenching, test drilling and\nproduction (if warranted). The area is easily accessible and can be\ndriven to by logging roads and has been mapped and measured at 1.6km\nlong at surface. Previous reports have indicated that limestone units\none and three are of high quality and size but due to the ease in\naccessibility and the grand size Durango is interested to see if the\nfifth limestone unit is high quality at depth.\n \n \n \n \n Marcy Kiesman of Durango stated, “We are happy that\nthe Ministry of Mines has had time to review our documentation and\nissue Durango the bulk tonnage permit. Our geological team is now\nworking on timing for a site preparation visit to Mayner’s which\nwill be followed by additional exploration.”\n \n \n \n \n Global Growth of Limestone\nMarket\n \n \n \n \n In 2022, the global limestone market size was valued at\nUSD $72 billion with the expectation to grow at a compound annual\ngrowth rate (CAGR) of 7.3% for t...

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