Duran Ventures Inc. (TSX VENTURE:DRV)(LMA:DRV) ("Duran" or the "Company") is
pleased to provide the following update on its optioned properties in Peru. 


Don Pancho Project

The Company's partner has commenced exploration on the Don Pancho property,
located on the western margin of the historic Cerro de Pasco polymetallic belt
in central Peru. More specifically the Don Pancho project covers an area of 800
hectares and is located nine kilometres west of the historical Santander
silver-lead-zinc mine currently being developed by Trevali Resources Corp.
Previous mapping and sampling by the Company show that the surface
silver-lead-zinc mineralization is associated with an extensive breccia zone
measuring approximately 800 x 300 metres containing abundant sphalerite,
argentiferous galena, and pyrite. Previous sampling by the Company returned
significant values of silver, lead, and zinc. 


Community agreements are in place and a more detailed sampling/mapping and
geophysical program consisting of Induce Polarization, Resistivity and Magnetics
has been completed. The initial results show a strong north-south trending IP
anomaly coincident with surface mineralization measuring over 1000 metres N-S
ranging between 200 to 300 metres in width flanked to the east by a NNW-SSE
cross-cutting magnetic high. The Company is extremely encouraged by the initial
results and drilling is expected to commence later this year.


Ichuna Project

The Company's partner, Rio Alto Mining Limited, has completed seven diamond
drill holes totalling 2754 meters on the Company's Ichuna Cu-Ag project located
120 kilometres northeast of Arequipa in the Department of Moquegua in Southern
Peru and adjacent to the Chucapaca Project of Gold Fields Limited and Compania
de Minas Buenaventura S.A.A. ("Buenaventura"). Drilling focused along intrusive
and limestone contact(s) where access and community agreements are in place. The
drilling did not return significant results along this contact. The necessary
access agreements could not be secured to properly drill test the area of the IP
geophysical NW-SE anomaly measuring over 1500 metres in length.


Parihuana project

The Company is also pleased to announce that it has acquired a 50 percent
interest in three mining concession applications in the Department of Ayacucho,
Peru. Duran will form a joint venture with Darwin Resources Corp. ("Darwin"), a
Canadian exploration company, and the joint venture will be known as the
Parihuana project. 


The properties were applied for simultaneously by Duran and Darwin after the
area became available on January 2, 2013. As there were no other competitors on
the majority of the staked area, and rather than compete at an auction, Duran
and Darwin agreed to collaborate on a 50/50 joint venture. The titles of the new
concessions are pending and once approved, a management committee will be formed
that will approve work programs and budgets.


The Parihuana project is located in the province of Parinacochas, Department of
Ayacucho. The project consists of 1,500 hectares and is prospective for
gold-copper skarn, porphyry and vein-style mineralization. A number of artisanal
gold and copper mines are known in the general region. Reconnaissance mapping
and sampling of the properties are under way. 


New Land Positions

The Company has acquired by application and received titles on concessions
totaling 7,491 hectares located along the prospective Cerro de Pasco
polymetallic belt in central Peru. The properties consist of two blocks of
contiguous concessions located 6 kilometres east and 15 kilometres southeast of
Buenaventura's Uchucchacua Mine located in the province of Oyon in the
Department of Lima, approximately 260 kilometers northeast of the city of Lima.
The Uchucchacua Mine produced in excess of 10 million ounces of silver in 2011.
Duran concessions cover similar geology as the Uchuccacua Mine and are located
15 kilometres west of a new Cu-Au porphyry discovery called Quicay 2 by a
private Peruvian mining company. The new Quicay 2 discovery was recently
announced at the ProEXPLO 2013 Conference in Peru in mid-May. 


Duran Ventures is a Canadian exploration company focused on the exploration and
development of porphyry copper, precious metal, and polymetallic deposits in
Peru. The Company's principal project is the Aguila Copper-Molybdenum Porphyry
Project with related silver-lead-zinc mineralization. An updated resource
estimation was recently completed at the Aguila project (See News Release June
7, 2013). Jeffrey Reeder, P. Geo., a qualified person as defined in National
Policy 43-101, is responsible for all technical information contained in this
news release. 


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. All statements, other than statements of historical fact, included
herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause actual
results to differ materially from the Corporation's expectations are disclosed
in the Corporation's documents filed from time to time with the TSX Venture
Exchange and, among others, the Ontario Securities Commission as well as under
the heading "Risk Factors" in the Company's annual and interim Management
Discussion and Analysis.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Duran Ventures Inc.
Jeffrey Reeder
(647) 302-3290
info@duranventuresinc.com
www.duranventuresinc.com

Duran Ventures Inc. (TSXV:DRV)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos Duran Ventures Inc..
Duran Ventures Inc. (TSXV:DRV)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos Duran Ventures Inc..