Fall New Gold Results From DIOS AU33 WEST Trenching
December 20 2012 - 10:05AM
Marketwired Canada
Dios Exploration Inc. (TSX VENTURE:DOS) reports to its shareholders preliminary
results from channel diamond saw sampling from 2012 fall trenching on the AU33
WEST property, James Bay area, Quebec, optioned to Osisko Mining Corporation in
2011. Ten trenches were dug to test geochemical soil anomalies or to extend
previous known showings. Best results were returned in T7 trench on the Heberto
showing that assays 5.0 g/t gold over 5.25 m and 1.12 g/t gold over 4.5 m over a
sheared tonalite (a kind of granite). Several anomalous results in the order of
0.5 to 1.1 g/t gold over sections of 0.75 to 2.25 m were obtained from the other
trenches (g/t equals grams per ton). These trenches allowed a better exposure of
mineralized outcrops and a better understanding of the vectors controlling the
mineralization.
On these trenches, 515 channel-samples totalling 397.05 metres were diamond
sawed and analyzed at Val D'Or ALS-Chemex laboratory. For quality control, 26
standards and 11 blanks were inserted among these samples.
During the 2012 summer, Osisko discovered five new gold showings in a felsic
(tonalite-granodiorite) intrusive complex that assays between 1.77 and 17.3 g/t
gold in grab-samples. Goldbearing mineralization appears as 1-5 percent pyrite
in disseminations and fracture fillings associated with potassic alteration
and/or silicification. It appears structurally controlled by zones of shearing
and foliation along two main strikes (N160 and N080E). Following this new
information concerning the nature and orientation of the mineralization,
additional geophysical tests are considered to better define the extent of the
showings under the overburden and to target next exploration work.
Osisko has the option to acquire a 51 percent undivided interest in the AU33
WEST property by incurring $5,000,000 in exploration and making cash payments of
$700,000 during a five-year period. Osisko has the option to acquire an
additional 9 percent interest for $9,000,000 of additional exploration
expenditures during another five-year period and also has the option to acquire
an additional 10 percent interest by funding a feasibility study pertaining to
the WEST AU33 property. Osisko follows strict QA-QC protocol measures in keeping
with industry standards and regulatory reporting requirements. All assays
reported above were obtained by standard 50-g fire assay with AA or gravimetric
finish (method Au-AA24) and a multi-element package applied to selected samples
(method ME-ICP 41) at the ALS Chemex laboratories in Val-d'Or, QC.
This news release was prepared by M. J Girard, M.Sc. Geo and President of DIOS,
the Qualified Person (43-101).
FOR FURTHER INFORMATION PLEASE CONTACT:
Marie-Jose Girard, M.Sc. Geo
President & CEO
mjgirard@diosexplo.com
(514) 483-5149
(514) 485-2155 (FAX)
www.diosexplo.com
http://blog.diosexplo.com/
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