Gold zones drilled on K2 NE Sesame target – Drilling planned on nearby Cardamon volcanics and on NE Badji-Gabbro, in strike SW of Patwon
April 13 2022 - 8:42AM
Dios Exploration Inc (TSX-V: DOS) discovered
2-3 gold zones by drilling
Sesame Airborne
Interpreted IP which is not outcropping in northeastern
K2, James Bay Eeyou Istchee, Quebec, up to 2.88
g/t gold & 2.76 g/t gold in different zones some 6 km north of
Opinaca fault.
Follow-up drilling is planned on
Cardamon volcanic target 1.2 km NE of Sesame and
on prospective NE Gabbro more to the east, in
contact with felsic volcanics (Badji showing). Other follow-up
drilling is planned, pending news to come on South of Opinaca fault
drilling.
Two exploratory holes for 664 m were drilled 400
meters apart on Sesame, returning in northeastern hole 2.88 grams
per ton gold on 0.50 m (1.87 g/t gold on 1 m or 1.21 g/t Au on 1.6
m), then 2.76 g/t Au on 0.30 m (0.73 g/t Au on 1.15 m), also 0.74
g/t Au on 0.95 m and many anomalous metric intercepts over 100 ppb
gold up to 0.31 g/t Au and 0.26 g/t Au on 3.7 m in granodiorite.
Some assay checks will be made, visible gold having returned only
0.86 g/t Au on 0.50 m.
Cardamon (Airborne IP)
Target:
The Cardamom Target lies within
altered volcanics (silicified & pyritized)
directly north of Sesame FP/QFP intrusion. Three eastwest
EM-input anomalies are coincidental with short Airborne IP
chargeable zone over one km-strike. Strongest
chargeability centered on 2 bull’s-eyes (about 350m diameter,
100-275m depth) seems to increase with depth.
Another EM-input (Cardamom-W) is located 800m west of this cluster.
The Cardamom EM (Inputs & VTEM) and airborne IP conductors were
visited by Dios’ team but are not outcropping as
they lie under a swampy area. Interestingly, directly east
of the target, a grab-sample from an eastwest felsic dyke had
yielded 2.69 g/t Au. The Cardamon target is also located
about 5km up-ice (NE) of gold-bearing altered felsic volcanic
floats (6.72 g/t Au) and associated to well-defined kilometric
gold-in-till (WI-target) anomaly. It is located within the
low-magnetic region in Greenschists-grade domain.
NE Gabbro/Badji Target:
The southern contact of magnetic NE Gabbros and
felsic volcanics is a good structural target due to rheologic rock
contrasts; it was also selected by Artificial Intelligence. This
target-area is located in the possible SW extent of the
gold-bearing Patwon and Barrick structures on neighbouring Azimut
Exploration’s Elmer project. It also hosts two EW VLF-EM conductors
associated with sulfidic mineralization including SDBJ showing
(1.08% Cu & 13.8 g/t Ag). Locally, it is well sericitized and
silicified. About 100m further south, Dios had discovered the
Badji showing consisting of centimetric
pyrite-chalcopyrite stringers in foliated strongly sericitized
dacite yielding 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 these
southern felsic volcanics but few work was completed. A lone
grab-sample within the gabbro about 400m north of the contact
assayed 0.410g/t Au near NE magnetic lineaments. Systematic
prospecting is planned along this favourable contact (at least 2 km
strike) as well as fill-up soil-sampling and detailed magnetics.
After 2022 field checks, drilling is planned on best
targets/showings. See figures. This NE Gabbros-Badji target area is
located a few km NE of a major gold-copper-silver bearing volcanic
dome lying on top of a large porphyry, itself lying on top of the
Kali intrusion.
Some 210.5 meters of the 663.6 meters of Sesame
core was sampled under the supervision of Harold Desbiens, Geo
M.Sc., 43-101 Qualified Person, for 224 samples and 29 quality
controls. Gold assays (mainly AA-24 and some metallic sieve) 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) 923-9123Website:
www.diosexplo.com
Figures accompanying this announcement are available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/b55fe6db-c00b-4384-8633-e8ee8fecb83ehttps://www.globenewswire.com/NewsRoom/AttachmentNg/463b9a9a-2da4-4945-adec-6b7390258bdehttps://www.globenewswire.com/NewsRoom/AttachmentNg/596707c1-498b-4053-8205-7a92511af2b6https://www.globenewswire.com/NewsRoom/AttachmentNg/c973830e-e13f-4aff-a00f-e43db45e0f42
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