We’re pleased to provide an update on Durango Gold, a pre-IPO gold stock offering that plans to go public in 2022.
Durango has officially commenced its maiden drill program on the company’s 14,000-acre Claudia Project. The Claudia Project is located in close proximity to five mines, including a potential world-class deposit, in the Sierra Madre region of western Mexico.
Durango’s CEO Fernando Berdegué stated…
“For the past several months, Durango has been hard at work preparing its flagship Claudia Project for a 10,000-meter drill program. We’re excited to announce drilling has now commenced, marking a major step forward for the company.”
Images of Durango Gold’s initial drilling program:
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The drill program will be centered on the the Aguilareña – Tres Reyes veins where historical exploration is thought to have struck high-grade mineralization measuring upwards of 48 grams per ton of gold equivalent.
Durango aims to confirm and extend mineralized drill intercepts with potentially economic gold-silver grades obtained by historical operators. It also hopes to expand high-grade gold-silver mineralization along the mile-long vein system.
Steve Weiss, Chief Geologist for Durango Gold and the former Exploration Manager of Goldcorp (GC:NYSE), commented,
“The Claudia project is centered on a large historical mining district that, like many districts in Mexico, has seen little systematic exploration. Durango Gold has commenced a modern program to unlock the full potential of the district starting with systematic mapping and sampling. Our initial results add some confidence to the unverified, early 1990s Minera Bacis drilling in the Aguilareña vein and we are excited to begin validating and expanding this target.”
If this is your first-time hearing about Durango Gold, it is one of the first gold companies ever to give investors an opportunity to invest early via a Reg-CF offering.
Opening the doors to public investors at an early-stage and enabling them to participate in each step of the company’s value creation was an important priority for Durango’s CEO Fernando Berdegue.
And to assist him, Fernando assembled a highly experienced management team that boasts over 12+ exits and has created billions of dollars of value for shareholders.
Notable team members include:
- Steve Weiss – the former exploration manager of Goldcorp (GC:NYSE) who is directly responsible for discovering millions of ounces of gold and doubling the resource at the company’s flagship Camino Rojo project.
- Sean Zubick – the co-founder of New Found Gold Corp (NFG:TSXV), a publicly traded company that’s doubled-in-value since February.
- And Charles Funk – the current CEO of Heliostar Metals (HSTR:TSXV) and VP of exploration at Vizsla Silver (VZLA:TSXV), another mining company that’s appreciated substantially since the start of the year.
As stated on Durango’s offering page, management plans on taking the company public in the next 12 months.
That means this could be the last opportunity to get in a pre-IPO price level.
If you are interested in investing in Durango Gold, more information can be found here.
(A news release of the exploration update can be found on Yahoo! Finance and a more detailed version is available on the company’s website here.)
