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.

Contacts:
Duran Ventures Inc.
Jeffrey Reeder
(647) 302-3290

Duran Ventures Inc.
Dan Hamilton
(416) 867-1591
[email protected]
www.duranventuresinc.com

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
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
For years the world's most security-focused and distributed organizations - banks, military/defense agencies, global enterprises - have sought to adopt cloud technologies that can reduce costs, future-proof against data growth, and improve user productivity. The challenges of cloud transformation for these kinds of secure organizations have centered around data security, migration from legacy systems, and performance. In our presentation, we will discuss the notion that cloud computing, properl...
"We began as LinuxAcademy.com about five years ago as a very small outfit. Since then we've transitioned into more of a DevOps training company - the technologies and the tooling around DevOps," explained Doug Vanderweide, an instructor at Linux Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
They say multi-cloud is coming, but organizations are leveraging multiple clouds already. According to a study by 451 Research, only 21% of organizations were using a single cloud. If you've found yourself unprepared for the barrage of cloud services introduced in your organization, you will need to change your approach to engaging with the business and engaging with vendors. Look at technologies that are on the way and work with the internal players involved to have a plan in place when the ine...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes how...
DevOps with IBMz? You heard right. Maybe you're wondering what a developer can do to speed up the entire development cycle--coding, testing, source code management, and deployment-? In this session you will learn about how to integrate z application assets into a DevOps pipeline using familiar tools like Jenkins and UrbanCode Deploy, plus z/OSMF workflows, all of which can increase deployment speeds while simultaneously improving reliability. You will also learn how to provision mainframe syste...
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
Contextual Analytics of various threat data provides a deeper understanding of a given threat and enables identification of unknown threat vectors. In his session at @ThingsExpo, David Dufour, Head of Security Architecture, IoT, Webroot, Inc., discussed how through the use of Big Data analytics and deep data correlation across different threat types, it is possible to gain a better understanding of where, how and to what level of danger a malicious actor poses to an organization, and to determin...