Drilling planned on Solo – Second closing for K2
20 March 2020 - 4:04AM
Dios Exploration Inc. reports partner Sirios
Resources completed an heli-borne magnetic survey and plans
drilling in April on Solo gold property, south of Opinaca river
Fault, south-east of its K2 property., adjacent to Azimut
Exploration's Elmer gold discovery property, James Bay Eeyou
Istchee, Quebec. (02/27 Sirios’release)
Dios reported on Feb. 11 signing an agreement
with Sirios, allowing Sirios to earn an interest in this Solo claim
block south of Opinaca Fault. Solo covers a fold hinge in younger
rocks than on K2-Elmer. Former claim holders located on Solo
gold-in-soil and Induced Polarization anomalies in a topography
without bedrock exposures. These never drilled targets can only be
properly tested by drilling.
Second Closing
Dios completed a non-brokered private placement
for a total of $659,000, including a second closing of $42,000
pursuant to which a further 420,000 flow-though shares were issued
at the price of $ 0.10 each. See March 5 release.
The net proceeds will be used for exploration
work on Dios’ wholly-owned K2 property, adjacent
in strike SW to Azimut's Elmer property. Dios delineated 3 km long
WI target electromagnetic conductor and, among
others, ATTILA gold-copper-silver
prospect, southwest of Azimut’s Patwon gold discovery, bearing
similarities in some host rocks, alterations and 3 networks of
quartz veins. K2 is underlain by same
stratigraphy as Elmer property, north of Opinaca Fault, a major
regional structure.
This press release has been reviewed by
Marie-José Girard, Geo M.Sc., President of Dios, Qualified Person
following National Instrument 43-101.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Contact information :Marie-José
Girard, President, Geo
M.Sc.mjgirard@diosexplo.comTel.: (514)
923-9123Website: www.diosexplo.com
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