Goldcorp Takes Interest in Claims Near Durango's Decouverte Property

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[{"type":"text","content":"Goldcorp Takes Interest in Claims Near Durango's Decouverte Property(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / May 4, 2018 - Durango Resources Inc. (TSX.V-DGO) (Frankfurt-86A1) (OTCQB-ATOXF), (the \"Company\" or \"Durango\") is pleased to announce that Goldcorp Inc. is making a $3.7M strategic investment in the James Bay Territory of Quebec to create a new exploration company.\n\n\n \nAs announced on April 26, 2018, Canada Strategic Metals (TSX.V-CJC) and Matamec Explorations Inc. (TSX.V-MAT) have agreed to a business combination by way of a court-approved plan of arrangement (the \"Arrangement\") and will become a new gold focused exploration company to be named Quebec Precious Metals Corporation (\"QPM\"). In connection with the Arrangement, Goldcorp Inc. will invest $3.7M to acquire a 14% interest in QPM.\n\n\n \nAlso, in connection with the Arrangement, QPM will acquire three gold projects of Sphinx Resources Ltd. (TSX.V-SFX) by way of an asset purchase including a 100% interest in the Chemin Troilus project, which is northeast of Durango's Decouverte Property en route to the past producing Troilus mine. \n\n\n \nDurango's Decouverte Property in James Bay, Quebec had an independent technical review completed as reported January 16, 2018, which supports a drilling program of 3,800 metres across 36 holes. Six target areas are defined on the property, each ranging from 100 metres to 400 metres along strike. Due to the previous exploration evidence of a well-preserved gold system, Durango is expecting to test drill these targets this summer.\n\n\n \nMarcy Kiesman, CEO of Durango stated, \"James Bay is considered a highly prospective new gold camp by the majors, with such quality deposits as Goldcorp's multimillion-ounce Eleonore, Eastmain's Clearwater and La Grande Sud. We are intrigued by the compelling geology at Decouverte and are excited that Goldcorp is supporting exploration and moving closer to our project. We look forward to drilling in the area this summer as we continue to advance the Decouverte property.\" \n\n\n \nAbout Decouverte\n\n\n \nDecouverte is a grassroots gold project targeting greenstone-hosted orogenic gold mineralization. The property is in the Frotet-Evans greenstone belt with Troilus gold-copper mine 60 km to the northeast and Goldcorp's Eleonore gold mine 240 km to the north along the same ...

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