Prospective drill targets on DIOS’ induced polarization survey on K2 WI-Target
August 12 2020 - 6:28AM
Dios Exploration Inc. is pleased to report results
from data processing of an Induced Polarization survey completed
over a 3.2 km long by 700 m to 1.1 km large grid (200 m line
spacing) to better define gold WI-Target soon to be drilled on its
K2 gold project in Elmer Lake area, James Bay Eeyou-Istchee,
Québec.
The WI-Target is a non-outcropping 3.6 km long
by 150-300 m large prospective conductor previously defined by
Airborne geophysics. This conductor is west-southwest
striking within felsic volcanics at the western margin of the Kali
pluton.
Five (5) areas of IP anomalies were
outlined at the margin of a significant altered and sheared
corridor extending over 3 km long by 50 to 250 meters wide (poorly
resistive). The anomalies are generally weakly
chargeable, except for PP-2 which is stronger. The PP-1 anomaly is
600 m to 800 m long and is directly adjacent to
east-northeast elongated glacial features characterized
by (1) gold-in-soil anomalies (10 to 283 parts per billion
gold); (2) sericite altered dacite glacial floats, with
1-2% pyrite-pyrrhotite and chalcopyrite &
quartz stringers grading up to 6.72 grams per ton
gold , 0.2 % Cu, 29 g/t silver. Such altered
rocks are effectively weakly chargeable.
Then, one kilometer east of this PP-1,
another weak 600 m long anomaly (PP-5) is coincidental with a deep
VTEM conductor (and within the less resistive corridor) located
just north of a tonalitic apophysis entering the volcanics towards
west.
A sub-parallel 400 m long chargeable
anomaly (PP-2) was also identified some 1 km west of, and in strike
with, the Cinnamon gold showing (an east-west striking
shear within tonalite with 1-2% pyrite that
graded up to 10 g/t gold & 1.81 g/t Au). PP-2 is
located south of the poorly resistive corridor in the volcanics
(gabbro) and at the margin of the tonalite apophysis.
A pole-dipole configuration was used over 15.35
km-lines in this survey. The WI-Target conductor had been
defined by Airborne Inductively Induced Polarization and
ElectroMagnetics (INPUT) and Time Domain EM (VTEM). Dios
received necessary approval from Cree Nation government to proceed
with this work. This survey allows for more precise targeting of
the WI-Target for upcoming fall drilling program. Drill permitting
is underway as well as on Attila, 7 km east.
This press release was prepared by Harold
Desbiens, Geo M.Sc., Vice-President of Dios, Qualified Person
pursuant to National Instrument 43-101.
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, President, Geo
M.Sc.mjgirard@diosexplo.comTel.: (514)
923-9123
Website: www.diosexplo.com
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