Welcome!

News Feed Item

Duran Ventures Provides Update on 2014 Exploration Programs on the Don Pancho, Panteria, and Ichuña Projects in Peru

TORONTO, ONTARIO -- (Marketwired) -- 09/02/14 -- Duran Ventures Inc. (TSX VENTURE: DRV)(LMA: DRV) ("Duran" or the "Company") is pleased to provide an exploration update on its 100% owned Don Pancho, Panteria, and Ichuna projects in Peru.

Don Pancho Polymetallic Silver-Lead-Zinc Project

As previously reported in the Company's press release dated July 2, 2014, Duran's partner on the Don Pancho Project (the "Optionee") terminated the Option agreement on the Don Pancho Project located in the department of Lima. The Optionee drilled 6 diamond drill holes totalling 2021 metres. The final results from the drill program have been received and the data shows that several Pb-Zn-Ag intervals were intersected. All six holes were drilled with azimuths between 230 degrees and 240 degrees with various inclinations. Drill holes 1 thru 5 were drilled at the southern end of an extensive brecciated zone. Drill hole 6 was drilled approximately 600 meters north of the southern drill holes and intersected approximately 40 meters of 0.88% Zn, 0.40% Pb and 7.7 grams Ag/tonne. The mineralization starts approximately at the overburden and rock contact at 55.10 metres and ends at 99.60 metres. Please note that no samples were taken from 84.30 to 88.80 metres and drill logs show no geological information. Hole 6 was drilled to a depth of 350.6 metres and only 14 samples were taken, totalling 19.95 metres of core length over the final 156 metres.

The Company's field review of the exploration results shows that the direction of the drilling was perpendicular to the fold axis of the local and regional stratigraphy. The Company believes this was not the most optimal direction for drilling. The stratigraphy is tightly folded in the project area and regional NNE-SSW compression will result in en-echelon openings, cross cutting stratigraphy which will allow mineralizing fluids to circulate. Structural analysis on the geology coupled with previous experience in this area suggests that the drilling may have been drilled sub-parallel to any potential mineralized zones. The Company intends to re-interpret the structural controls on the mineralization to further understand the geological model, which will aid in defining new drill targets. The Company is excited by the first phase drill results which demonstrate the potential for significant Pb-Zn-Ag mineralization at the property. The following table lists the significant drill intersections and please note that the true width of the mineralized zones cannot be determined with the information available;


----------------------------------------------------------------
Hole #   from (m)   to (m)  Interval (m)    Zn %     Pb%  Ag g/t
----------------------------------------------------------------
DP14-01     20.00    40.20         20.20    0.50    0.28    8.03
            54.25    76.80         22.65    1.00    0.26    6.85
includes    62.70    66.00          3.30    2.85    0.70   22.56
            83.00    98.00         15.00    0.26    0.12    3.30
           134.90   139.30          4.40    0.43    0.19    7.73
           236.30   240.20          3.90    0.86    0.34   11.38
DP14-02      3.95    15.30          9.85    0.50    0.15    5.40
            44.80    50.60          5.80    0.41    0.26    5.26
            75.50    90.80         15.30    0.93    0.57   10.11
           284.95   289.60          4.65    1.24    1.39   24.66
includes   284.95   286.10          1.15    4.38    3.25   61.10
DP14-03     13.80    35.65         21.85    0.51    0.08    0.77
           142.70   144.95          2.25    0.52    1.90   26.66
           157.00   183.80         26.70    0.03    0.73   12.36
           268.40   272.70          4.30    0.44    0.36   10.90
DP14-04     22.90    37.90         15.00    0.80    0.19    3.55
            64.00    65.50          1.50    0.73    1.19   21.10
           108.80   129.60         20.80    0.53    0.16    2.76
DP14-05     32.45    41.20          8.75    0.45    0.25    5.99
           160.50   170.20         11.70    0.33    0.14    6.12
DP14-06     55.10    84.30         29.20    0.74    0.51   10.25
            84.30    88.80    no samples
            88.80    99.60         10.80    1.28    0.10    0.86
----------------------------------------------------------------

Drill location maps will be updated on the Company's website shortly. Diamond drill core from the Don Pancho Project was photographed and cut with one half of the core delivered directly to the analytical laboratory and the other half stored in Lima for future reference and assay verification. Assaying was carried out by ALS Minerals, a laboratory whose quality control system complies with International Standards ISO 9001:2000. Samples were analyzed for 35 Element Agua Regia ICP and with ore grade Ag, Zn and Pb Agua Regia. Analysis for gold is done by a fire assay with an atomic absorption finish. The Optionee had a QA/QC protocol in place which includes the use of certified standards, blanks, and duplicate samples.

Panteria Copper-Gold Project

The Company mobilized a technical crew to conduct a detailed mapping and sampling campaign. An extensive geophysical survey was completed by Real Eagle Exploration EIRL. The survey was comprised of 33.5 line kilometres of induced polarization (IP) and over 171.25 kilometres of magnetic and a differential GPS survey. Geological mapping coupled with rock, soil and stream geochemical sampling and is expected to be completed in September. The geological and geophysical information will allow for the definition of drill targets and will verify geological modelling. The 2014 exploration budget for Panteria is $250,000 US with a 10% contingency.

Ichuna Copper-Silver Project

At the Ichuna Project the Company has commenced discussions with the local communities in the project area in order to secure the surface access rights to the part of the property that hosts undrilled geophysical (chargeability) anomalies. Recently, Minas Buenaventura announced the purchase of Goldfield's 51% interest in the adjacent Chucapaca gold deposit for $81 million US and 1.5 % NSR on all metal sales (http://www.buenaventura.com/ir/). Minas Buenaventura is proposing an underground mine at the project, specifically on the Canahuire gold zone, located approximately three kilometres to the south of the Ichuna project. The Ichuna project shows a large untested geophysical anomaly, believed to be similar to the Canahuire zone. The discovery of the Canahuire zone was a blind target, where mineralization did not outcrop at surface.

Jeffrey Reeder, P.Geo., and a qualified person as defined in National Instrument 43-101, is responsible for all technical information contained in this news release.

About Duran

Duran Ventures Inc. is a Canadian exploration company focused on the exploration and development of porphyry copper, precious metal, and polymetallic deposits in Peru.

Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange and the Bolsa de Valores de Lima: Symbol "DRV".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward looking statements and forward-looking information.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Deep learning has been very successful in social sciences and specially areas where there is a lot of data. Trading is another field that can be viewed as social science with a lot of data. With the advent of Deep Learning and Big Data technologies for efficient computation, we are finally able to use the same methods in investment management as we would in face recognition or in making chat-bots. In his session at 20th Cloud Expo, Gaurav Chakravorty, co-founder and Head of Strategy Development ...
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, will discuss the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information,
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...
Now that the world has connected “things,” we need to build these devices as truly intelligent in order to create instantaneous and precise results. This means you have to do as much of the processing at the point of entry as you can: at the edge. The killer use cases for IoT are becoming manifest through AI engines on edge devices. An autonomous car has this dual edge/cloud analytics model, producing precise, real-time results. In his session at @ThingsExpo, John Crupi, Vice President and Eng...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
In the enterprise today, connected IoT devices are everywhere – both inside and outside corporate environments. The need to identify, manage, control and secure a quickly growing web of connections and outside devices is making the already challenging task of security even more important, and onerous. In his session at @ThingsExpo, Rich Boyer, CISO and Chief Architect for Security at NTT i3, will discuss new ways of thinking and the approaches needed to address the emerging challenges of securit...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
There are 66 million network cameras capturing terabytes of data. How did factories in Japan improve physical security at the facilities and improve employee productivity? Edge Computing reduces possible kilobytes of data collected per second to only a few kilobytes of data transmitted to the public cloud every day. Data is aggregated and analyzed close to sensors so only intelligent results need to be transmitted to the cloud. Non-essential data is recycled to optimize storage.
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.