Drilling in northeastern K2 in felsic rocks intertwined with small gabbro plug series, SW of Patwon discovery, along prospective shear zone gold corridor
22 June 2022 - 2:48AM
Dios Exploration (“Dios”) (TSX-V: DOS) plans
a promising drill program 4-5 km
north of Opinaca
fault in NE
K2 property, James Bay,
Quebec, in felsic volcanics intruded by a series of small gabbro
plugs, 9 km SW of
Patwon discovery, along
prospective shear zones, in same geological formation as is
underlying Azimut’s Elmer property.
Contacts of these small magnetic gabbro plugs
intertwined with felsic volcanics are good structural targets due
to rheological contrasts. NE K2 area is also
crosscut by two NE-SW shear zones and hosts two east-west
kilometric VLF anomalies associated with sulfidic mineralization
(including SDBJ showing: 1.08% Cu & 13.8 g/t Ag), which is
locally well sericitized and silicified. Hundred m south, Dios had
discovered Badji (centimetric pyrite-chalcopyrite
stringer showing in foliated strongly sericitized
dacite with 5.39 g/t Au, 111 g/t Ag, 5.05% Cu).
Several grabs had yielded anomalous gold (0.170-0.265 g/t Au),
silver (up to 19.7g/t Ag), copper (0.2-0.6% Cu) within felsic
volcanics with few work completed.
Drilling is planned after prospecting (at least
2 km favourable strike) and infill soil-sampling. NE
K2 is a few km NE of a major gold-copper-silver
bearing volcanic dome lying on top of large porphyry, itself on top
of Kali intrusive.
Ten drill holes are planned for 2000-2500 m
including a few ones on Cardamom to the north
within altered volcanics directly north of Sesame
QFP intrusion. Three east-west EM-input fit with
short 1 km-strike Airborne IP chargeable zone
confirmed by low magnetic EW structure. Cardamom
is not outcropping but directly east of EW structure, an EW
felsic dyke returned 2.69 g/t gold. Cardamon is located
5km up-ice of goldbearing altered felsic volcanic boulders (6.72
g/t Au) and associated to well-defined kilometric gold-in-till
(WI-target) anomaly.
South of Opinaca Fault lies a
different age geological formation where were identified ground IP
conductors or VLF. Five of them were drilled last Fall for 1,355 m
and they all returned notable amounts of pyrite-pyrrhotite up to
semi-massive to massive sulfides.
Just south of Opinaca Fault lies an extensive
(3.5 km-long minimum) ENE magnetic lineament/VLF-IP
conductor (A-48) extending along northern flank of Solo
volcanic syncline. It is hosted within volcanic/tuffs and cherty
sulfurized sediments. Its northeastern extent is coincidental with
a good chargeable IP conductor (P-11). B-horizon
soil-sampling across this unit produced anomalous gold values (up
to 120, 240 & 54ppb Au) and copper values (140, 150, 150 &
450ppm Cu) along VLF conductor. This A48 Anomaly is a perfect fit
with CARDS Artificial Intelligence (90%similar to gold model)
target generated by Windfall-Geotek.
Hole 15 targeted
P-11 hitting a 36.7m-thick sequence
(101.40-136.20m) of carbonated chert alternating with cm graphitic
argillite horizons that averages 3-15% pyrrhotite (pyrite)
stringers with local concentrations up to 20-70% over half-meters
sections. Laminated chert returned 0.126 g/tAu on 0.80m and 0.281
g/tAu on 0.45m.
One km SW, hole 16 targeted
southward extent of P-11 (A-48 VLF conductor with
gold-in-soil anomalies), hitting 4 m of laminated chert with
altered graphitic argillite and intermediate tuffs hosting 1-7%
pyrrhotite(pyrite) stringers, then 4 m of chert/intermediate tuffs
with 5-20% Po-Py stringers and 1.5m of altered intermediate tuffs
with sullfide traces and then massive sulfides
(80% Po, 10% Py, tr-Sp for 0.024g/t
Au/2.85m. Sulfide-rich section (42.40-56.25m) assays 0.012
g/t Au with 1m at 0.032g/t Au.
Hole 17 was drilled in section
from same set-up (dip-67 vs -50 for 16), hitting
similar sequence of laminated chert with argillite/tuffs hosting 2%
pyrite and 2% pyrrhotite (25.35-41.00m); gabbro-granodiorite dykes
(41-45m) with 1-8% po(py), alternating graphitic
argillite/intermediate tuffs/chert with 2-6% Po-Py stringers
(45-71.4m) and massive sulfides (80% Po,
10% Py, tr-Sp for 0.026 g/t Au/7.7m
(71.40-79.10m). Sulfide-rich section (41-79.10m)
yields 0.012g/t Au, with 1m at 0.034g/t Au in massive sulfides.
One km SE of hole 15, two main IP conductors
were targeted within an extensive wet swamp (P06 and
P07). Following field checks, two drill locations were
solid enough for drilling. Hole 13 targeted a very
chargeable section of P07. Hole 14 is located 800m
further east and is moderately chargeable and more resistive. Both
holes intersected a thick (70-100m) sequence of alternating
intermediate ash, lapillis and crystal tuffs/ graphitic argillites/
laminated mafic and felsic tuffs variably mineralized with 1-15%
disseminated (& in stringers)
pyrrhotite-pyrite(traces-sphalerite) overlying biotite wackes. As
indicated by IP, hole 13 hit more sulfides: 5-15%
Po(Py) stringers between 118.75-144.50m and 1-5% Po(Py) stringers
between 144.50-187.20m. Hole 14 hit 1-3% Po(Py)
stringers with few minor metric sections of 4-5% Po stringers
within moderately silicified rocks (43.70-149.45m). Gold associated
to sulfurized sequence is low (up locally to 0.012g/t Au). Some
minor zinc (sphalerite) was encountered within silicified
fractured/brecciated sections (0.127% Zn on 4.5 m (0.204% Zn on
2.05m)).
Under supervision of Harold Desbiens, Geo M.Sc.,
43-101 Qualified Person and V.P. of Dios, core was
sampled at 51 % following industry standards and quality controls.
Gold assays (AA-24) were undertaken at ALS in Sudbury, Timmins and
Vancouver.
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/ee29aa1d-168b-4426-92ab-ebd1ff65b16d
https://www.globenewswire.com/NewsRoom/AttachmentNg/cdb5f3b4-0e04-4227-8947-2c5b8f1039bd
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