Business
Durango Visits Mayner's Fortune
(TheNewswire) Vancouver, BC - TheNewswire - August 22, 2023 – Durango Resources Inc....
About this update from Quantum Critical Metals Corp
[{"type":"text","content":"Durango Visits Mayner's Fortune\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 - August\n22, 2023 – Durango Resources Inc.\n \n \n (TSXV: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 ”) announces that further to the news of May 23, 2023, the\nCompany has completed a site visit to Mayner’s Fortune limestone\nproperty located near Terrace, B.C.\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% calcium carbonate 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 limestone 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. A small crew visited\nthe site in July to evaluate road access and drill hole locations and\nhas collected grab samples for assay analysis to determine material\ncompatibility.\n \n \n \n \n The Company has been advised that it does not have bulk\ntonnage production authorization until it has received its License of\nOccupation from Lands and completed the level of production\nconsultation with First Nations which may be acted upon once the\nquality and quantity of limestone has been determined from test\ndrilling.\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 the next seven years. The use of\nlimestone for water treatment and purification activities is one of\...