Duran Ventures Inc.
TSX VENTURE : DRV

Duran Ventures Inc.

May 05, 2009 12:44 ET

Duran Ventures Reports Up to 14.6 g Au/t and 483.0 g Ag/t From The 100% Owned Corongo Properties

TORONTO, ONTARIO--(Marketwire - May 5, 2009) - Duran Ventures Inc. (TSX VENTURE:DRV) is pleased to report additional positive results from ongoing exploration work on the 100% owned 2,900 hectare Corongo Properties.

The Company's work program from mid-March to present has focused on regional scale mapping and sampling on the Corongo Properties. Duran has completed regional 1:25,000 mapping, stream sediment sampling, and collected 154 samples in total including 101 surface samples, 19 stream sediment samples, and 34 underground samples. Results from 50 of these samples submitted April 27, 2009 are still outstanding. This work has resulted in identifying four target areas to follow up on with more detailed work. The four targets identified to date are the Descubridora Target, the Santa Rosa/Santa Rosa East Target, the Pucapampa Target, and the Breccia Zone Target. See the attached map of the Corongo Properties.

The exploration objective is to define potential bulk mineable precious metal targets. The Corongo Property area is underlain by strongly folded and faulted Jurassic and Cretaceous clastic sediments intruded by dioritic and monzonitic dykes and plugs, thought to be related to and roughly contemporaneous with the Aguila intrusive. The Descubridora Target is part of a northwest-southeast trending zone which is roughly 3 kilometers long by 500 metres wide which has seen historic gold-silver production. This zone extends to the Santa Rosa/Santa Rosa East Target area, with very similar styles of mineralization. Quartz-sulfide veins and breccias run either northwest-southeast or as cross-structures oriented southwest-northeast. Workings often extend for hundreds of metres on each structure. Strong gold and silver values are often associated with anomalous copper, molybdenum, lead, zinc, arsenic, and antimony.

The Breccia Zone Targets are stratabound bodies controlled by the intersection of the northwest-southeast trending folding and thrust faulting with a strong southwest-northeast trending fault. This may develop to be a very significant target. Visual estimates put the size of the easternmost breccia at 300 X 400 X 100 metres. There are abundant iron oxides. The only surface sample reported to us to date from the Breccia Zone Targets was 0.65 g Au/t and 11.5 g Ag/t (sample 15109).

A summary of significant surface sample results from the various targets:

Sampleg Au/tg Ag/t% Cu% Pb% Zn
150880.03222.4 0.120.01
150990.0082.90.42  
151090.65911.50.010.080.06
151114.9864830.490.560.03
151120.0775.2 0.02 
151140.1275.4   
151150.17444.60.050.02 
151194.043136.70.030.01 
151207.4284.70.490.030.03
151226.33920.632.071.81
151236.673320.280.250.03
1512414.63010.340.510.02

A summary of significant underground sample results from Pucapampa Target:

Sampleg Au/tg Ag/t% Cu% Mo
150920.73418.80.710.011
151410.0702.40.020.026
151430.0253.50.020.104
151440.29610.80.110.016
151510.0203.00.140.023
151530.1425.10.090.033
151540.1968.90.270.019
151703.58470.11.440.053

The sampling to date has been very broad and indicates a widespread precious metal bearing system with significant potential for expansion. The Company will follow up with more detailed mapping, sampling, and trenching to advance these targets to the drill ready stage.

Cary Pothorin, P. Geo., President of Duran, is a Qualified Person as defined in National Policy 43-101, and is responsible for all technical information contained in this news release.

The Company recognizes that Peru offers tremendous potential for precious metals. Duran is well positioned in Peru with an excellent technical and support team, and intends to assess new opportunities. Duran remains very confident in the quality of the Aguila Target and the eventual recovery of copper and molybdenum prices, which will bring market attention back to this valuable discovery.

Centurion Minerals Ltd. has notified Duran that it will not proceed with the Corongo Property Option as outlined in a news release on March 12, 2009. Duran therefore retains 100% control of the Corongo Properties.

Duran Ventures Inc. is a Canadian resource company listed on the TSX Venture Exchanges: Symbol "DRV"

To view the Corongo Properties map, please visit the following link:

http://media3.marketwire.com/docs/Corongo_Properties.pdf

The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release

Contact Information