DIOS commences geophysical work on K2 WI Target
June 09 2020 - 11:21AM
Dios Exploration Inc. (Dios) is pleased to
announce undertaking a contract to carry out line cutting of a 3.2
km long by 700 m to 1.1 km large (200 m-line spaced) grid and
a time-domain dipole-dipole induced polarization
(
IP) survey to better define the Wi-Target on its
wholly-owned K2 gold project located in the Elmer Lake area,
Itchee-Eeyou James Bay, Québec (n=1 to 6, 25 meter separation).
This survey will allow a more precise targeting of the Wi Target
for the upcoming late summer-fall drilling program on K2, in strike
southwest of Azimut’s Elmer gold discovery.
The WI Target is a non-outcropping 3.6 km long by
150-300 m large airborne apparent induced polarization anomaly
coupled with airborne electromagnetic conductor anomalies
(Input-Em with 2-3 channels)
striking west/west-southwest within felsic volcanics at the
western margin of the Kali pluton. Previous work by
Dios yielded a 6.72 g/t gold, 0.2% copper, 29 g/t silver
from sericitic dacite (with 1-10%
pyrite-pyrrhotite+/-chalcopyrite & quartz
stringers) glacial float and B
horizon soil sampling on adjacent ENE drumlins graded 10 to 283 ppb
gold.
About 200 m southeast of Wi-Target, tonalitic outcrops yielded
10g/t gold & 1.81g/t Au in a narrow N255 shear structure (same
orientation as WI-Target), confirming strong potential of the
underexplored western intrusion-volcanic contact. Dios received
necessary approvals from the Cree Nation government to proceed with
this work.
OTHER
Following March and April flow-through share
financings of $ 1,060,000 at $ 0.10 per share, a total finder’s fee
of $33,000 was paid to an arm’s length party in common shares of
Dios (see March 5 and May 1 press releases) for 388,236 shares
issued at $0.085 per share to a limited market dealer. This
press release was prepared by Harold Desbiens, Geo M.Sc., V.-P. of
Dios, Qualified Person pursuant to 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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