DIOS Defines Good EM-VLF Drill Targets SW & South of Attila, at Southern Contact of Volcanic Dome With Dacite Flows
June 17 2021 - 12:02PM
Dios Exploration Inc. (“Dios”) (TSX-V:
DOS) is pleased to report good EM-VLF conductor drill targets
were defined at southern contact of volcanic dome hosting Attila
gold-copper-silver showing. This SW striking volcanic dome &
dacite flow contact is 2.5 km long and a tuff horizon lies in
its northeast extent.
To the southwest, where this prospective contact
hits the Opinaca fault lies the most interesting VLF anomaly drill
target, at least 500 m long, open to the east and located 120 north
of a 3.17 g/t Au outcrop, north of Opinaca fault and major 5 km
long sericite alteration corridor. Opinaca gold showing (previously
up to 3.17 g/ Au) shows blue quartz eye sericite schists with 2-10%
pyrite & chalcopyrite traces.
VLF anomalies could represent a contact shear
zone or sulfides, good targets for gold-copper. Drilling is
required due to marine clay cover. Hole 9 southward on Attila
showing did not reach this contact area nor the VLF anomalies.
Two holes for 492 m were drilled on Attila, in
fractured silica and sericite altered dacite with 1-7 percent
quartz-chlorite-pyrite stringers with 1- 3% pyrite and
chalcopyrite traces over 400 m x 500 m.
Southward (gold-copper-zinc soil anomalies),
hole 9 cut dacite with numerous mineralized intervals (15 to 40
meters thick) ending in mineralized sericite diorite with 1-5%
pyrite for last 13 m, open at 312 m. Best section of hole 9 is
6.3g/t Ag over 10 m with anomalous gold and copper
(267-276m) including 25.8g/t Ag, 0.118g/t Au,
1.07%Cu (267-268m).
Northward, hole 10 hit similar dacite sequence
with several mineralized intervals (22 to 46 meters thick) (0.90
g/t Ag, 0.060g/t Au, over 2 meters) also ending in chloritized and
silicified diorite with 1-3% pyrite for last 7 m, still mineralized
at 180 m.
M.J. Girard, President of Dios stated: "Attila
prospect, located near crosscutting Kali fault, is a large
chalcopyrite-rich stringer/stockwork, up to 8.08
g/t gold, 96.7 g/t silver, 2.43% copper, in a fractured rhyodacite
dome overlying Kali Porphyry to the south. Assay data re-checks
show gold is associated with chalcopyrite (copper). Drilling under
the stringer/stockwork zone showed intense pyrite mineralization at
depth, but less chalcopyrite. VMS systems usually show zoning in
metal and mineral content. The Kali prospect 500 m north along Kali
fault graded up to 8.28% copper, 40 g/t Ag and 2.6 g/t Au at Kali
pluton contact. A big system occurs in this area. Follow-up work
will focus on VLF-EM anomalies bordering the volcanic dome, on Kali
prospect, on Opinaca zone, and prospecting a northern gabbro where
volcanics returned 5.4 g/t Au."
The Sesame gold target, some 5
km north of Attila, is a two-kilometre-long, 200 metre to 400 m
wide, northeast-striking airborne induced polarization anomaly,
north of Kali pluton, and remains the
number one drill target for the short term. (see
June 1, release)
Dios owns K2 project
without royalties in James Bay Eeyou Istchee, Quebec, south-west of
Azimut Exploration’s Patwon gold discovery. Assays were undertaken
in 2021 at ALS Val d’Or following industry standards. This release
was prepared by MJ 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
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ec4fdecb-7259-4664-b695-c950907af496
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