DIOS reports Mount Royal Resources acquired interest in 33 Carats-south through acquisition of 75% of Northern Lights Minerals assets
16 December 2021 - 11:45PM
Dios Exploration Inc. (“Dios”) (TSX-V: DOS). On Dec. 2, 2021,
Mount Royal Resources reported acquisition of 75% of Northern
Lights Minerals Pty Ltd (
NLM) assets including
interest in Dios’ 33 Carats South project 340 km northeast of
Chibougamau, Quebec.
On July 1, 2020, NLM signed an
option to acquire from Dios a 70% interest over
five years with $220,000 payments, plus claim renewal cost payments
and further $1,400,000 of exploration work. Once 70% interest is
obtained, buyer could obtain additional 15% interest following
preliminary economic
study.
In Upper Eastmain Greenstone belt, James
Bay/Eeyou-Istchee, 33 CARATS SOUTH gold property is located 6 km
northwest of Eastmain Mine gold deposit (Benz Mining) reported
containing NI 43-101 and JORC (2012) compliant resource of
376,000oz at 7.9 gpt gold (Indicated: 236,500oz at 8.2g/t gold,
Inferred: 139,300oz at 7.5g/t gold). Property is accessible all
year through road 167 to Renard diamond deposit and 33 Carats South
(64 claims for 3369.3 hectares (33.69 km2).
M.-J. Girard, President of
Dios, stated, "We are pleased to welcome new
partner to develop strong potential of 33 Carats gold project,
northwest of adjacent Eastmain gold mine property, in NW strike
with structural/stratigraphic Eastmain Mine Trend hosting most of
significant gold & copper showings in the area."
Previous Dios‘ work consisting of prospecting,
geological mapping and soil sampling delineated a highly
prospective area within felsic (tonalite) intrusion, up-ice of
significant gold-in-till dispersal train. Property contains
favourable sequence of felsic volcanics in contact with
magnetic tonalite. Bohier tonalite hosts numerous
porphyry-type Au-Ag-Cu (up to 7.76 g/t Au, 17.8 g/t Ag, 4.64% Cu)
occurrences within magnetic low. Typical mineralization consists of
disseminated /stringer pyrite-chalcopyrite associated with 1-5%
biotite-magnetite and/or quartz stringers /veinlets. Technical
content of release was prepared by H. Desbiens P. 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, P. Geo M.Sc., 43-101 QP |
|
President |
|
mjgirard@diosexplo.com |
|
Tel. (514) 923-9123 |
Website:
www.diosexplo.com |
Dios Exploration (TSXV:DOS)
Historical Stock Chart
From Sep 2024 to Oct 2024
Dios Exploration (TSXV:DOS)
Historical Stock Chart
From Oct 2023 to Oct 2024