DIOS Exploration: $150 000 Private Placement
July 31 2013 - 12:47PM
Marketwired Canada
DIOS EXPLORATION (TSX VENTURE:DOS) undertakes a non-brokered private placement
with accredited investors. Officers & directors may participate in this
placement which consists of a maximum of 1,250,000 flow-through common shares
for gross proceeds of $150,000. Share price is $0.12.
Proceeds of this placement will be used by DIOS for exploration of road
accessible 33 CARATS gold porphyry project, James Bay. There will be a hold
period of four months and one day on Common Shares issued. This private
placement is subject to regulatory approval. DIOS has some 39 million shares
outstanding, no debt and a working capital of $917,351 as of June 30 (see
quarterly financials on sedar or company's website).
DIOS reported in fall 2012 in situ significant rock values for
gold-silver-copper-bismuth, an association typical of gold porphyry deposits on
33 CARATS. Mineralization within tonalite (disseminated, not vein-hosted) and
metal associations suggest potential for a low-grade bulk tonnage porphyry gold
deposit, such as in Malartic, Abitibi, Quebec.
Fall 2012 results greater than 0,45 grams gold per tonne
Au g/t Ag g/t Cu % Bismuth g/t
7,76 17,8 1,495 14
7,33 14,5 0,625 74
6,11 3,7 0,349 7
4,93 2,5 0,171 9
3,09 20 1,975 25
3,04 5,6 0,236 25
2,21 0,02 14
2,06 7,3 0,255 7
1,965 1,6 0,166
1,84 4,1 0,57 10
1,695 40,4 2,07 23
1,53 2,3 0,482 2
1,5 15,7 1,70 25
1,325 2 0,08 6
1,25 6,8 0,477 8
1,04 24,4 0,983 10
0,937 0,177 12
0,78 2,9 0,26 43
0,692 1,1 0,351
0,652 11,2 0,841 5
0,561 2 0,091 5
0,488 2,3 0,1435 19
0,475 11,3 0,651 10
0,469 1,8 0,224 2
0,467 6,5 0,491 25
0,463 0,8 0,048
Outcrops grade up to 4.93 g/t Au, 6,8 g/t Ag, 0.477% Cu et 14 g/t Bi. Metric
size angular boulders grade up to 7,76 g/t Au, 15,7 g/t Ag, 2 % Cu et 74 g/t Bi.
The 33 CARATS gold porphyry project is cut through by the 167 road, 8 kilometers
NW of the Eastmain gold deposit,some 315 km north of Chibougamau, Quebec.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Marie-Jose Girard, President & CEO
mjgirard@diosexplo.com
(514) 483-5149
(514) 485-2155 (FAX)
www.diosexplo.com http://blog.diosexplo.com/
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