Duran Ventures Inc.

Duran Ventures Inc.

November 09, 2006 09:44 ET

Duran Announces New Gold and Silver Targets at the Aguila Project in Peru

TORONTO, ONTARIO--(CCNMatthews - Nov. 9, 2006) - Glenn O' Gorman, P. Eng., President of Duran Ventures Inc. (NEX:DRV.H), and David A. Bending, P.Geo., VP Exploration of Duran, both Qualified Persons as defined in National Policy 43-101 are pleased to report the following underground sampling assay results from the Pasacancha Silver (Ag), Gold (Au), Lead (Pb), Zinc (Zn) Porphyry Target at the Aguila Project in Peru. Duran is earning a 50% interest in the 1,100 hectare Aguila Project in Ancash, Peru (News Release June 23, 2003) from MacMillan Gold Corp. (TSX VENTURE:MMG).

The exploration work as reported was planned and supervised by Mr. Bending. All samples were delivered to BIS Inspectorate Laboratories in Lima, Peru for preparation and were subjected to AA analysis following Aqua Regia digestion.

These are the first published results by Duran from an ongoing evaluation program directed at the Pasacancha Silver/Gold Target at Aguila. The historical Pasacancha Silver-Lead-Zinc mine was operated by Compania Minera Tarica with underground operations during the 1950's to 1970's. A historical report by Ordez (1974) referred to in a 43-101 Summary Report On The Aguila Property by James McCrea, P.Geo., reported that the average recovered grades were 5.69 ounces of Silver, 2.15% Lead, and 4.22% Zinc. The mineralized zones consist of shear zones, stockworks, and breccias in and along the contacts of a felsic porphyry intrusive and in the adjoining quartzite country rocks. Approximately 10,000 metres (m.) of underground tunnels and workings, on four levels, were excavated and utilized for production. Historical production is not documented in detail but is estimated at approximately 5 million tonnes.

In the accessible portions of these workings, Duran has collected 407 rock chip samples representing intervals ranging from 1.0 to 4.0 m. with most representing 3 m. for a cumulative sampled interval of 1,180 m. Duran has received results from 172 of these samples, representing 457.3 m. of sampling along drifts. The samples assayed represent 14 drift exposures with sample widths ranging from 3 m. to 75 m. The remaining chip samples are being analyzed and will be reported when they have been received and compiled.

Duran's exploration team commenced an evaluation of the underground access and examination of the mineralization earlier this year. While some of the access tunnels are caved and inaccessible, the majority were safely accessed. The evaluation process for the workings includes surveying, geological mapping and systematic chip sampling. Work has not yet been undertaken on the lower levels but the ongoing evaluation will include rehabilitating, surveying, mapping and sampling all of the workings deemed to be safe to provide additional 3D data regarding the nature, size, grades and geological controls of this mineralized system. This work will be combined with surface geological and geochemical data to develop a model for subsequent drill testing. Five drill sites are being allocated in the current permit application for this area, and as the work proceeds Duran management anticipates an expansion of this allocation.

The highest reported silver interval is 17.1 m. true width of 1,161.5 g Ag/t, 3.23 g Au/t, 557 ppm Cu, 8.86% Pb, and 1,313 ppm Zn and is open in both directions. Base metals concentrations are generally less than 1%, with copper concentrations ranging from 92 ppm to 4,384 ppm, zinc from 49 ppm to 34,600 ppm (3.46%) and lead from 694 ppm to 89,900 ppm (8.99%) in the reported intervals. There appears to be a correlation between silver and lead concentrations. Gold concentrations are variable with a range of the sampled intervals from 0.011 to 19.70 g Au/t including a 7.1 m. true width of 5.06 g Au/t with 41.5 g Ag/t and low base metal concentrations.

Duran's evaluation of the Pasacancha Target is at an early stage, but field observations and the results reported herein indicate that the Pasacancha Target offers excellent exploration potential for a high tonnage silver/gold and base metal deposit. The work to date confirms a minimum of 1,000 m. of strike in multiple parallel targets which extend beyond the previously mined areas. One sample of dump material collected approximately 1,000 m. northwest of the main Pasacancha Target assayed 1,359 g Ag/t, 1.26 g Au/t, 12.13% Pb and 4.72% Zn over an unknown sample width.

The Pasacancha Target results are from a new and separate target approximately 2 km to the east of any previously reported Aguila Main Target results. Management consider these results to be strong indications that the Pasacancha Porphyry complex represent a significant new silver and polymetallic exploration and development opportunity. The drilling program and permit applications have been modified to allow for efficient delineation and development of this exciting new discovery.

These results are as follow:

Sample Samp- Samp-
Loca Samp- pled pled True True True True True
-tion pled True Width Width Width Width Width Width Width Descrip-
Refer- Width Width g g g g Cu Pb Zn tion of
ence Metres Metres Ag/t Au/t Ag/t Au/t ppm ppm ppm Geology
San Quartzite
Ernesto with
Tunnel 75.0 60.0 44.7 0.06 44.7 0.06 360 5,659 3,569 veining

Ernesto (i)
Tunnel 51.0 20.4 68.7 0.19 68.7 0.19 817 6,500 1.29% Shear Zone

Includ- (i) (i)
ing 12.0 4.8 180.7 0.30 180.7 0.30 1,035 75% 3.46% Shear Zone

Tunnel 33.0 13.2 88.4 0.80 88.4 0.80 1,401 9,400 5,931 Shear Zone

Tunnel 9.0 23.4 110.0 2.20 110.0 2.01 1,832 2,805 3,844 Shear Zone

ing 12.0 7.2 41.5 5.06 41.5 5.06 4,384 2,505 1,210 Shear Zone

And 12.0 7.2 296.6 1.16 296.6 1.16 918 4,669 9,026 Shear Zone

South 12.3 4.9 10.3 0.03 10.3 0.03 265 1,449 1,480 Shear Zone

Side Parallel
Tunnel 7.0 7.0 490.5 1.35 490.5 1.35 619 4,988 2,461 shear Zone

Tunnel 16.0 11.6 189.2 0.74 174.4 0.68 264 4,464 1,084 Shear Zone

Tunnel 21.0 6.3 16.3 0.04 16.3 0.04 2,221 8,386 810 Porphyry

Tunnel Contact
(no Brecciated
cutoff) 51.0 48.9 57.6 0.69 59.3 0.69 250 4,932 64 Porphyry

ing Contact
(10 g/t Brecciated
cutoff) 27.0 24.9 109.4 1.22 109.4 1.31 169 6,465 73 Porphyry

San Contact
Augusto Massive
Tunnel 20.0 20.0 8.7 0.02 8.7 0.02 92 694 49 Porphyry

Purisima with stock
Tunnel 54.0 43.0 103.9 0.17 103.9 0.17 521 4,144 5,898 work

Shear Zone
Purisima (i) in
Tunnel 24.0 19.2 324.7 1.52 314.8 1.49 403 1.75% 3,156 Porphyry

Shear Zone
Purisima (i) in
Tunnel 17.5 14.3 155.2 0.32 152.4 0.31 198 2.04% 447 Porphyry

Also 3.0 2.7 57.6 0.10 57.6 0.10 1,513 8,700 2.12%

Shear Zone
Purisima 17.1 3.23 (i) in
Tunnel 18.0 1,161.5 1,161.5 3.23 557 8.86% 1,313 Porphyry

(i) Assays over 10,000 ppm were re-assayed as over limits and are being
reported as a %

To view a Sketch Map showing the relative locations and scale of the Aguila, Aguila East and Pasacancha Targets which collectively comprise the Aguila Project with Highlights from Phase 1 sampling of the Pasacancha Tunnels included and a Plan view of the Pasacancha Target area comparing the outline of the Pasacancha porphyry body to the sampled tunnels and known breccia bodies please click on the following link: http://www.ccnmatthews.com/docs/mapsduran.pdf

Duran Ventures Inc. is a Canadian resource company listed on the NEX Exchange: Symbol "DRV.H"

The NEX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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