DIOS Discovers a Major Gold Target in Volcanics Hosting a Large Airborne IP on K2, WSW of Azimut’s Discovery
June 01 2021 - 6:35AM
Dios Exploration Inc. is very pleased to have
uncovered a major 3 km long gold glacial train (B-horizon and
boulders) targeting a significant source in a large volcanic hosted
airborne IP on wholly-owned K2 property, west-southwest of Azimut’s
Elmer gold property, James Bay Eeyou Istchee, QC.
The Sesame gold Target is a
2 km long by 200-400 m wide NE striking airborne IP
anomaly, north of Kali pluton, 3.2 km up-ice of crumbly
sericite enriched and carbonated felsic floats with 1-3% pyrite
& quartz stringers that yielded up to 6.72 g/t Au, 29 g/t Ag,
0.2 %Cu, in perfect line up-ice of Wi-target goldbearing glacial
drumlins (10-283 ppb Au in B-horizon). The gold train is made up of
3 such gold-in-soil clusters. See map.
An independent geophysicist interpreted the
Sesame anomaly as a possible hydrothermal
alteration zone with minor disseminated sulfides.
M.J. Girard, president of Dios, stated: "We are
very excited with Sesame airborne IP in volcanics,
targeted by a 3 km long gold glacial train (boulders and B
horizon). Recent drilling at WI target had not
explain the source of nearby soft crumbly mineralized and sericite
enriched felsic volcanics up to 6.72 g/t Au. Good gold intercepts
were hit (8.92 g/t gold over 1 m and 3.78 g/t on 1 m) at diorite
contacts, but no volcanics were found. With our systematic sampling
data of available B-horizon material, we pursued our research work
and found the gold train leading to Sesame
anomaly. We are looking for a major gold deposit, such as Doyon or
Bousquet.".
Sesame occurs within same
favourable rhyodacite package hosting most of Elmer Lake sulfidic
volcanogenic mineralization (1-5% pyrite, locally up to 10-50%),
strongly associated with moderate to high sericitization &
moderate chloritization-carbonatization.
Effectively, previous rock geochemistry by
Barrick outlined a 10 km long calcalkaline felsic sequence of
folded dacites and 3 rhyolite cycles. Their most westward sampling,
4 km NE of Dios’ Sesame IP target, suggests Sesame is associated
with the younger cycle 3 rhyolite, laterally hosting the Silver and
West zones on Elmer property (up to 3.1 g/t Au, 18 g/t Ag and up to
4.65g/t Au, 7% Cu, 160 g/t Ag) and the Lac Boulder showing (3.57
g/t Au, 6.9 g/t Ag). The swampy Sesame target-area, directly north
of synvolcanic Kali tonalite and SE of Sesame QFP, is not
outcropping. Drilling is planned in the short term.
Covering 83.5 sq. km, K2 bears no royalties.
Technical content of this release was prepared by H. Desbiens Geo
M.Sc., 43-101 Qualified Person.
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) 923-9123
Website:
www.diosexplo.com
A photo accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/275cc258-4873-4ed9-816d-2f4bdccc1b81
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