The Aguila Copper-Molybdenum Porphyry Project is located in northern Ancash, Peru. The central claim area consists of 1,100 hectares covering the Aguila and Pasacancha past producing mines. Ancash is also host to the Antamina polymetallic skarn, the Pierina epithermal gold-silver, and Magistral copper-molybdenum porphyry deposits.

The Compania Minera Yuravilca put the Aguila Project into commercial copper and molybdenum production in the early 1970's. Low copper prices and poor financial management forced closure of the operations in 1974. In 1996 MacMillan Gold Corporation staked the Halcon claim over the Aguila project and the KFC claim over the Santa Rosa area, and entered into a joint venture agreement with Rio Tinto. Rio Tinto conducted an exploration program in both areas from 1998 to 1999, which included surface mapping and sampling, magnetic geophysical surveys. A total of 3,108 metres of diamond drilling was done to test multiple targets, including 1642 metres in Aguila with 5 holes, and 1465 metres in Santa Rosa with 8 holes.

Duran believes that the Aguila porphyry system consists of multiple mineralized intrusive centres over a large area. On the surface, strongly mineralized diorite intrusive bodies occur over a distance of 1,300 metres from Aguila West, Aguila, and Aguila East. The Pasacancha zone is located two kilometres to the west, and is interpreted to represent a lateral zonation of silver-lead-zinc mineralization, and is genetically related to emplacement of the main porphyry copper-molybdenum system. Where previous operators have focused only on the Aguila zone, the mineralizing system is substantially larger than this. Recent drilling at Aguila West confirms the presence of strong copper mineralization right to the western limit of the Halcon concession. Strong stockwork mineralization is also developed well into the host sedimentary rock and greatly increases tonnage potential.

A geophysical survey was carried out in late 2009 over a 2000 x 3000 metre area of the central 1100 hectare claim block. The survey included induced polarization (IP), resistivity (RES), magnetic (MAG), and gamma spectrometry (ESPEC). The survey highlighted eight large IP targets and a potassic altered zone which covers an area of over 3000 x 1000 metres. Mineral occurrences on surface, drill results to date, and the geophysical information indicate the presence of a significant mineralized district.

Duran Ventures has drilled a total of 17 holes to date at Aguila since 2007, and a total of 8,754 metres. Every hole has returned spectacular and mostly continuous copper and molybdenum intersections characterized by stockwork and disseminated mineralization. Published intersections are shown below.

Duran intends to aggressively continue with the exploration and development of the Aguila zone. We believe the potential exists for this to become a major mining district. Minera Penoles de Peru S.A. has recently published a claim of a major copper discovery in the Racaycocha area, which is located less than one kilometre to the south of the main Aguila zone. Penoles shares a property boundary with Duran Ventures to the south of Aguila, and also holds claims to the west of Aguila.

Pasacancha is a past-producing underground silver-lead-zinc mine, where high grade vein and fault structures were worked by the Compania Minera Tarica S.A. in the 1950's and 1960's. Mineralization is hosted by phyllic altered diorite with stockwork sulfide veinlets, sulfide vein and shear structures, and brecciated and mineralized sedimentary host rock. Pasacancha is located approximately two kilometres to the east of the main Aguila zone.

Duran views the Pasacancha zone as a potentially bulk mineable polymetallic target, with strong silver-lead-zinc mineralization found through large volumes of sedimentary and diorite intrusive. Underground sampling and mapping indicates that large volumes of rock have strong sulfide stockwork and disseminated mineralization developed in the host diorite porphryry, and that the sedimentary host rock has large zones with veinlet and fracture controlled mineralization. Silver-lead-zinc mineralization has been mapped and sampled in five main underground levels with 270 metres of elevation difference from the lowest to highest. The main zone appears to be 100 to 150 metres wide and has been mapped for roughly 500 metres of strike length. There are numerous smaller workings, which have yet to be reviewed with detail.

Drilling in the Pasacancha area has been complicated by strongly brecciated and fractured host sedimentary rock, as well as steep topography. The geometry of the zone is much better understood after drilling here, and a strong low-angle thrust fault has been defined which has displaced the upper part of the zone to the northeast.

The 2009 geophysical survey was very successful in the Pasacancha area, defining several large and intense IP chargeability highs, which coincide with pyrite in the phyllic alteration which predominates here.

Diamond drill hole 08 PAS 004B successfully cut the main mineralized zone and returned 34.4 metres of 55.4 grams silver/tonne, 0.53% lead, and 0.97% zinc. Continued field work and drilling is planned for the Pasacancha zone in the future.

The block of 3100 hectares that Duran Ventures holds to the northwest of Aguila are collectively called the Corongo Property. Corongo 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 five main targets identified to date are Descubridora, Santa Rosa, Santa Rosa East, Pucapampa, and the Breccia Zone Targets.

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 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.

Santa Rosa was operated as an underground copper mine by the Compania Minera Tarica S.A. in the 1960's. Quartz-pyrite-chalcopyrite-galena-sphalerite-molybdenite veinlets and mantos were mined on several levels. In 1967 the Guggenheim Exploration Company reported significant intersections of copper mineralization in five diamond drill holes. Rio Tinto continued exploration on the property in 1998 as part of a joint-venture exploration program with MacMillan Gold Corporation. Rio Tinto completed a preliminary series of drill holes along across a widely spaced grid in search of a potential bulk tonnage mineralized system. The results included several encouraging gold intervals that appeared to be related to feeder vein structures. Rio Tinto did not do any follow up work.

Pucapampa is also a past producer of copper and molybdenum. Strong copper, molybdenum, gold, and silver values are associated with altered dioritic intrusive bodies.

The Breccia Zone targets are large structurally-controlled breccia bodies related to regional folding and faulting of the Cretaceous and Jurassic clastic sediments. In some locations they are strongly mineralized with sulfides, and have also returned significant gold and silver anomalies in surface sampling.

Duran's 100% owned Ichuña Copper-Silver Project (1,000 hectares) is located 120 kilometres northeast of Arequipa in the Department of Moquegua in Southern Peru and adjacent to the Chucapaca Project of Gold Fields Limited ("Gold Fields") and Compañia de Minas Buenaventura S.A.A ("Buenaventura"). A recently published mineral resource by these companies showed that the Canahuire Zone within the Chucapaca Project area is estimated to contain 83.7 million tonnes of 1.9 grams of gold per tonne and 8.2 grams of silver per tonne, for an inferred resource of 5.6 million ounces of gold equivalent. The Canahuire Zone is located less then 3 kilometres from the southern boundary of the Ichuña Project.  

The property is underlain by sedimentary and volcanic rocks which are cut by intermediate porphyritic intrusive bodies. Mapping and sampling has located at least seven mineralized zones on the property with a variety of styles of mineralization related to intrusive events. This includes porphyritic intrusive bodies with evidence of supergene copper enrichment, skarn zones at the contacts between intrusive and carbonate-rich sedimentary rock, and altered stockwork zones in intrusive, volcanic and sedimentary units. The evidence points to a widespread, well-mineralized hydrothermal system related to intrusive activity, with anomalous copper, silver, lead, zinc, arsenic, barium, and antimony. The mineralized areas stretch over an area larger than 1.0 X 2.5 kilometres.  

A total of 173 samples were taken by Duran`s geologists. Samples were collected as 0.5 to 3.0 rock channel samples, as well as panel samples ranging from 0.5 X 1.0 metre to 3.0 X 3.0 metre areas. Silver values ranged as high as 1,645 grams Ag/T (47.9 troy oz/ton), with 19 of 173 samples assaying greater than 100 grams Ag/T and 50 of 173 samples assaying greater than 10 grams Ag/T. 35 of 173 samples had copper values of greater than 1.0%, with values as high as high as 10.2% copper. 68 of 173 samples had copper values greater than 0.1% copper, showing very widespread anomalous copper values. Lead and zinc values were elevated as well, with 40 of 173 samples assaying over 0.1% lead, with high values of 6.1% lead. 41 of 173 samples assayed greater than 0.1% zinc, with 5 samples returning over 1.0%.  

Duran intends to aggressively explore the mineral potential of the Ichuña Project with additional mapping and sampling, followed by geophysics and drilling. With field success at the neighboring Chucapaca Project and the positive sampling results on the Ichuña project, Duran is well positioned in a new emerging mineral district in Southern Peru.

The Don Pancho Polymetallic Silver-Lead-Zinc Project (600 hectares) is located in the Department of Lima. A north-west trending silicified breccia body measures approximately 800 x 300 metres, and contains abundant sphalerite, argentiferous galena, and pyrite. Surface sampling has returned values of 238 grams silver/tonne, 9.49% lead, and 4.15% zinc, with local manganese values of up to 10%.

Duran Ventures acquired the Minasnioc gold project in a closed-bid government auction on May 20, 2010. A Peruvian subsidiary of Barrick Gold Corporation and a private Peruvian mining company were also competing for this property. The concession covers 1,000 hectares in the department of Huancavelica, approximately 300 kilometres southeast of Lima. This project has seen previous intensive exploration campaigns by Barrick and Compañia de Minas Buenaventura S.A.C. between 2001 and 2007, which included surface channel sampling and drilling.

Initial property visits and have defined a high-sulphidation (acid sulphate) epithermal gold- and silver-bearing system developed in Tertiary volcanic rocks. Extensive zones of argillic and advanced argillic alteration are present, with areas of massive and vuggy silica with associated alunite. The gold-silver-bearing part of the epithermal alteration system covers an area of two kilometres by two kilometres. This age of the volcanic host rocks and style of mineralization are similar to Barrick's Pierina and Alto Chicama mines and Newmont and Buenaventura's Yanacocha mine in Peru.

Initial rock chip sampling by the company shows widespread anomalous gold values with associated silver, arsenic, barium, lead, mercury and antimony geochemical anomalies, which are typical of an altered precious-metal-bearing system. Samples were collected as one-metre to four-metre rock chips and panel samples ranging from two-metre-by-two-metre to five-metre-by-five-metre panels. Of the samples, 21 of 35 returned assays greater than 0.1 gram of gold per tonne, with values as high as 2.96 grams of gold per tonne. Of the samples, 28 of 35 returned silver values of greater than one gram of silver per tonne, 11 samples returned values of greater than 10.0 grams of silver per tonne and one sample returned a high value of 70.6 grams of silver per tonne.

The Panteria Porphyry Copper prospect is located in the Department of Ica in south-central Peru. It consists of one main block totalling 1,700 hectares and another 400 hectare concession two kilometres to the east. Rio Tinto operated ths project in the early 2000's, and later Double Jack Mines (now Duran) acquired the concessions in 2007 and 2008. Rio Tinto conducted a very limited exploration program comprising of three diamond drill holes. The information from Rio Tinto's work program is currently unpublished, however the company is inquiring about obtaining the data. Peru. Hatum's initial sampling program at Panteria confirmed widespread anomalous copper, gold, and silver over an 800 by 250 metre zone, with local quartz-sulfide stockworks and veining in porphyritic intrusive rocks. There are abundant copper oxides and carbonates on surface with indications of strong surface leaching of copper and iron sulfide minerals. Panteria has all the hallmarks of a significant supergene copper deposit with an underlying hypogene porphyry copper system.