Drill Discovery of Goldbearing Zone on K2 WI Target, Quebec
10 March 2021 - 12:15AM
Dios Exploration Inc. (TSX-V: DOS) is
very pleased to report partial results with a first gold-bearing
zone discovered by drilling the WI TARGET area, first ever drilling
on wholly-owned
K2 property, directly southwest of
Azimut’s Elmer gold property, James Bay Eeyou Istchee,
Quebec,
More precisely on PP-1 anomaly, 1.5 km west of Kali intrusive,
in a poorly outcropping area, hole K2-2020-01 intersected
medium-coarse grained tonalite returning 8.92 g/t gold over
/1m (352-353m) in contact with a strongly foliated mafic
dyke with 0.5% pyrite-pyrrhotite disseminated in
foliation. It is open in all directions and it seems associated
with the hanging wall of a significant resistivity anomaly, at the
contact between a high and low magnetic area.
Located 200 m northeast, hole K2-2020-03 cut 0.5 g/t gold/1m
(183-184m) in another such IP horizon, but also no volcanic rocks
that could be the source of soft & crumbly
mineralized/sericitic dacite boulders grading up to 6.72 g/t gold
in the WI target area. Good NE up-ice targets such as the
significant 10-20 meter large Curcuma shear zones and the southern
contact between the Kali pluton and the adjacent volcanics (along
the enriched gold-in-till drumlin) remain untested. So further soil
and rock sampling and IP survey is warranted in that NE area to
define further dill targets, See map.
This K2-Solo claim block property wholly owned by Dios without
any royalties covers 83.5 hectares (158 claims). There were
extremely long delays at the assay office in Val d’Or ALS but
results should get out sooner now. Drilling is already
planned for next quarters. Several other areas of K2 gold property
warrant further ground investigations, prospecting and
drilling. Technical content of this release was
prepared by M.J. Girard Geo M.Sc., 43-101 Qualified Person.
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, Geo M.Sc., 43-101
QPPresidentmjgirard@diosexplo.comTel.
(514) 923-9123Website:
www.diosexplo.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/b9400da5-4820-47f2-b77d-3f8c8010a623https://www.globenewswire.com/NewsRoom/AttachmentNg/4aa5b519-bb6a-4269-a525-f1e86fb2bdf7
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