Duran Ventures Inc.

Duran Ventures Inc.

July 09, 2007 14:56 ET

Duran Progress Report on Exploration at the Aguila Project

TORONTO, ONTARIO--(Marketwire - July 9, 2007) - Glenn O' Gorman, P. Eng., President of Duran Ventures Inc. (TSX VENTURE:DRV), and David A. Bending, P.Geo., Vice President of Duran, both Qualified Persons as defined in National Instrument 43-101, are pleased to report on the progress in the exploration and evaluation of the Aguila, Aguila East, and Pasacancha Targets in Ancash, Peru. Duran is earning a 50% interest from MacMillan Gold Corp. (TSX VENTURE:MMG) (December 18, 2006 News Release) in the 1,100-hectare properties covering all three targets.

The company has received the environmental impact permit, Drilling Permit type 'B', which allows the Company to drill up to twenty diamond drill holes in the project area. The company has retained and mobilized Geodrill SAC to complete this initial program of five to seven NQ-HQ sized diamond drill holes in the Aguila and Aguila East porphyry Cu-Mo Target and two diamond drill holes in the Pasacancha Ag-Au-Pb-Zn Target. Drilling is in progress at this time in the Aguila target area. The drilling program is designed to evaluate the Aguila Main Target including the west contact zone, the Aguila East Target, and the Pasacancha silver mineralized system.

The first three holes have been completed and were designed to confirm the grades of the Aguila Main Cu-Mo Porphyry Target and test the Cu-Mo content of the mineralized west contact zone. Surface work indicates that the west contact zone has the potential to provide sufficient mineralized width to have a positive impact on the future economic potential of the Aguila Target, especially with respect to the strip ratio of any future potential pit design. Hole 07-01 was drilled to a depth of 350 metres, Hole 07-02 to a depth of 530.6 metres, and Hole 07-03 to a depth of 510.5 metres. Hole 07-01 tested the previously documented Aguila Main porphyry target. Holes 07-02 and 07-03 tested the porphyry and the mineralized west contact zone. Holes 07-01 and 07-02 were sampled by diamond saw cutting and the samples submitted for assay analysis. Samples from Hole 07-03 are scheduled to be shipped to the assay laboratory this week.

Holes 07-04 and 07-05 were planned to test the Aguila East Porphyry system. Geological work and surface sampling have indicated the presence of a Cu-Mo mineralized stock similar to the Aguila Main Porphyry, located between 250 and 400 metres to the east of the Aguila Main Target. The outcrop of the Aguila East is at 400 metres higher elevation than the Aguila Main Target. Hole 07-04 was drilled to test the Aguila East Target from the easily accessible Aguila Main pit floor. This hole traversed quartzite with altered diorite dikes and then 154.6 meters of altered mineralized diorite with intervals of intrusive breccia. Hole 07-04 was terminated short of its planned target depth of 550 metres due to blocky ground. Hole 07-05 has been collared 50 meters further east in the same section to provide additional information concerning the interval tested by 07-04 and test the entire interval of mineralized diorite in the Aguila East Target.

Two parallel diamond drill holes, with target depths of 500 metres, are planned to provide a first phase test of the Pasacancha Silver Target. These holes have been planned on the basis of surface sampling, geological mapping, and the available underground data. They will provide an initial testing of what the Company expects will become a more comprehensive drilling campaign in this large silver - gold - lead - zinc target.

The company has identified eleven tunnels in the Pasacancha Target of which four, with a cumulative length of 4,500 metres, have been rehabilitated and prepared for mapping and sampling. An additional 4,500 metres are being prepared for active work programs. Ventilation is being installed in order to proceed with access and rehabilitation for mapping and sampling. The remaining tunnels will require additional work to provide safe access. The tunnel sampling program includes pressure washing the walls and backs in order to obtain clean exposures for geological mapping and diamond saw cutting of continuous channel sampling, and collection of samples for analysis.

The exploration work as reported has been planned and is being supervised by Mr. Bending. All samples are delivered to the Lima laboratory of Inspectorate Services Peru SAC, a certified lab, for preparation and AQR/AA assaying for Cu, Mo, Ag, Au, Pb and Zn. The company has a QA/QC protocol in place, which includes the use of certified standards and blanks, and the secure care and custody of samples.

Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchange trading under the symbol "DRV"

To view a copy of the "Aguila and Pasacancha Drill Plan", please visit the link below:


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