DIOS Identifies Very Strong First Priority IP Anomalies in Eastern K2, With Related Gold & Copper Soil Clusters
11 May 2021 - 11:39PM
Dios Exploration Inc. (TSX-V: DOS) is very
pleased to report having identified very strong first priority IP
anomalies in southeastern K2, with good related gold, copper and As
in-soil anomalous clusters.
A very significant km size target (A48) was defined in
southeastern K2 and is composed of a cherty iron formation with
pyrite and graphite within mafic volcanic flows and tuffs, south of
Opinaca Fault, near cross-cutting structures. It is coincidental
with a 3.5 km-long minimum VLF-EM conductor associated with
a good magnetic lineament. Its northeastern limit, covered
by an Induced Polarization IP survey (Barrick 1997), is
coincidental with a very good chargeable conductor
(P-11 goes from 7 to 50 mV/V).
B-horizon sampling across this unit produced anomalous
clusters along the VLF-EM conductor with such gold values
(6, 12, 18, 120, 240 ppb Au in one line & 30, 54 ppb Au 200 m
away) as well as copper values 400 m away (140, 150, 150 ppm Cu
& 450 ppm Cu. Additional B-horizon sampling and prospecting
over the VLF/magnetic lineament is planned this summer.
Test-drilling is also being evaluated for this summer. At the
regional scale, such sulphides-bearing cherts are known to be
goldbearing (Lidge:11.42 g/t Au/1.3m; Lucille: 1.24 g/t Au/4m gold
showings).
M.J. Girard, president of Dios, stated: "We are very excited
with this several km long gold-copper target area, pointed at with
several combined methods. An independent geophysicist report
mentions strongly chargeable P-11 should be drilled, specially as
it is also associated with major resistivity decreases, typical of
good conductors, such as massive sulfides. Further south, P-07 also
bears same characteristics of massive sulfides."
Effectively, some 800 m south of P-11, still on Dios’
wholly-owned claims, three sub-parallel several km long IP
conductors are coincidental with a moderate east-west gold soil
anomaly (regional and detailed, see figure). Both
geophysical and geochemical anomalies are located along the
northern flank of a regional fold hinge (structural trap), and may
correspond to the sulfurized contact between felsic tuffs and
intermediate volcanics. The most chargeable P-07 (7 to 130mV/V)
conductor is coincidental with a 3 km-long strong high magnetic
feature. Winter drilling is planned on P-07 (& adjacent 06) IP
conductors due to area swampy conditions.
The K2-Solo claim block without royalties covers 83.5 sq. km,
contiguous SW of Azimut’s Elmer gold property, James Bay Eeyou
Istchee, Quebec.
Several other areas warrant further ground investigations and
drilling. Further news will be released soon. 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) 923-9123
Website:
www.diosexplo.com
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/968d3431-edb1-4cf2-9b1a-afb908022ad1
https://www.globenewswire.com/NewsRoom/AttachmentNg/dd7d4f77-91cd-470b-b1b4-cf093b7a7f54
Dios Exploration (TSXV:DOS)
Historical Stock Chart
From Jul 2024 to Aug 2024
Dios Exploration (TSXV:DOS)
Historical Stock Chart
From Aug 2023 to Aug 2024