DIOS EXPLORATION: Porphyry Type Gold Potential Evidences on 33 Carats
June 22 2012 - 11:30AM
Marketwired Canada
On its porphyry type 33 CARATS gold project located NW of the Eastmain gold mine
some 315 kilometers north of the town of Chibougamau, DIOS EXPLORATION (TSX
VENTURE:DOS) plans to shortly start mapping and prospecting the tonalitic phase
of the Erasme Lake pluton. The Otish Mountains road which will go to the diamond
Renard deposit passes less than one to two kilometers east of the sector
targeted by DIOS. In 2011, many tonalite boulders returned from 0.97 to 3.18 g/t
Au up-ice of a gold in till glacial train (252 - 2,090 ppb Au (from 0.25 g/t Au
to 2.09 g/t Au)).
Recent analysis work of other diamond tills from DIOS allows us to add the
following gold values in g/t in the tills (fine concentrates) along the gold
dispersal glacial train which seems to stop in the tonalite: 2.5 g/t Au, 2.385
g/t Au, 1.320 g/t Au, 0.384 g/t Au, 0.352 g/t Au, 0.504 g/t Au, 0.731 g/t Au,
0.424 g/t Au and 0.301 g/t Au (Falcon concentrates). These new positive results
allow the confirmation of the train and to define it more while enlightening its
significance with many values greater than 2 g/t Au.
IOS Services Geoscientifiques will execute on behalf of DIOS soil sampling work
(1,100 humus samples) on the sector poorly outcropping up-ice of the gold train
to eventually target drilling areas. The till samples (sand from glacial
erosion) were processed in their Saguenay laboratory.
Even more so, five rock samples from the glacial boulders were submitted to them
for a petrographic study. They had returned anomalous values in gold and silver.
Potassic alterations were suspected and confirmed by the petrographic study.
Potassic alteration of the tonalitic-granodioritic rocks lightly mineralized in
pyrite-chalcopyrite and in quartz veinlets shows favourable potential for
porphyry gold type mineralizations.
Potassic alteration is characteristic of porphyry gold deposits such as in
Malartic and such as is noted on DIOS Au 33 West gold project optioned to Osisko
Mining Corporation.
Gold mineralization in these tonalite boulders correlates with significant
values of copper and silver, and related values in bismuth, again indicative of
porphyry type deposits. This press release was prepared par M.J. Girard,
M.Sc.Geo, 43-101 QP.
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