We’re pleased to provide an update on Durango Gold, an Equifund listed, pre-IPO stage gold company and one of the first gold companies ever to give investors an opportunity to invest early via a Regulation Crowdfunding offering.
Durango has begun exploring the Claudia Project with a “boots-on-the-ground” strategy that has effectively positioned the project to be drill-ready with multiple high-priority targets.
Highlights from recent exploration include:
- High-grade gold-silver intervals from channel sampling in the Aguilareña-Tres Reyes area including: 30.2 grams gold/t and 166 grams silver/t over 3.6 feet, within 23 feet at an average of 5.36 grams gold/t and 55.4g Silver/t.
- Discovery of Guadalupana North, a previously unrecognized sheeted vein zone that could have potential for possible open-pit mineralization.
- And a total of 735 primarily channel and rock-chip samples have been collected and sent for analysis.
Steve Weiss, the former exploration manager of Goldcorp (GC:NYSE) and Chief Geologist for Durango Gold, commented:
“We are extremely encouraged by the wide aerial distribution of gold and silver values in these initial surface sampling results, which demonstrate the presence of greater widths and multiple structures than were exploited in the historical surface and shallow underground workings. Our initial results add some confidence to the unverified, early 1990s Minera Bacis underground sample data from 40-45 meters down dip in the now flooded Aguilareña workings.”
An initial 15,000 foot diamond-core drill campaign is planned for the Aguilareña-Tres Reyes and Guadalupana areas. This drilling aims to confirm and extend mineralized drill intercepts with potentially economic gold-silver grades obtained by historical operators.
As stated on the offering page, management plans to take the company public in the next 12 months, meaning this raise could be the last opportunity to invest at a pre-IPO price level.
If you are interested in investing in Durango Gold, more information can be found here.
A full version of the company’s exploration update can also be seen here.
Your early-stage experts,
Equifund.com
