Duran Ventures Inc. announced that the Company has been provided a drilling update on its 100% owned Panteria copper--gold project by Minera Antares Peru SAC, a wholly owned subsidiary of First Quantum Minerals Ltd. The initial drilling focused on testing a conceptual buried porphyry target over the main Panteria area. New geological, geochemical and geophysical information gathered since 2014 by both Duran and First Quantum showed several distinct targets within an area covering 2,000 metres by 1,200 metres. Five drill holes have been completed to date for a total of 3,345 metres. A sixth hole is near completion with a target depth of 750 metres. First Quantum's geologists note that multiple porphyry phases have been intersected in the drilling and some of the porphyry phases are mineralized while one is considered as being post mineral. Of the six holes drilled, holes 2, 4, 5 and 6 have intersected porphyries and breccias with visible chalcopyrite. These porphyry bodies are located within coincident IP anomalies and low resistivity areas. It is also important to note that First Quantum is still processing core and that a major part of assay results are pending and expected in mid-to-late February. Duran's technical team will review all core in February once assays and core have been processed. Significant exploration progress elsewhere on the property focused on the Ronaldo Zone located 4 kilometres east of the main Panteria Zone. Twenty-two line kilometres of induced polarization geophysical survey was conducted over the Ronaldo Zone in ast quarter of 2017. On surface this zone exhibits characteristics of an epithermal gold-silver system. The next phase of exploration will test the possibility that an underlying porphyry may exist in this area. First Quantum will suspend drilling after hole 6 due to weather conditions typical for this time of year. Analytical results are pending but preliminary information from logging potentially gives encouragement to justify a second exploration campaign after rainy season.