DIOS Secures Diamond Drill Rig for Summer Program at K2
July 07 2021 - 7:29AM
Dios Exploration Inc. (TSX-V: DOS) has
secured a diamond drill rig for its coming summer drill program on
wholly-owned K2 gold-copper property, James Bay, Quebec. The drill
is expected to mobilize to site by mid-August.
To start with, 2000 metres of drilling are
planned this summer, with holes planned on
1) Sesame gold Target, north of
Kali pluton, a 2 km long by 200-400 m wide NE striking
airborne IP anomaly, in volcanics (western extent of Elmer
formation?), and
2) southeastern K2 strong first priority IP
conductor (P-11) with good related gold-copper-As
B-horizon anomalous clusters, near A-48 km size target (June 1 and
May 11 releases).
Also, further drilling is planned, in particular
when ground is frozen, some 800 m south of P-11 on parallel several
km long very strong SOLO first priority IP conductors coincidental
with a moderate east-west gold soil anomaly P-07 (& P-06).
The K2 property (no royalties), adjacent in same
trend west-southwest to Azimut Exploration Inc.'s Elmer project, is
underlain by same stratigraphy.
Artificial Intelligence Agreement Update
Following an Artificial Intelligence (AI)
Agreement with Windfall Geotek on K2, as mentioned in Dios’ June 23
press release, 750,000 Common Shares of DIOS are to be issued to
Windfall Geotek as well as 250,000 warrants entitling the holder to
acquire one common share of DIOS at $0.10 for five years following
closing, subject to regulatory approval. Another
250,000 Common Shares of DIOS are to be issued if DIOS drills the
provided targets within two years. This release was
prepared by M.J. Girard, P. Geo, MSc, President of Dios, a
qualified person under 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, Geo M.Sc., 43-101
QPPresidentmjgirard@diosexplo.comTel.
(514) 923-9123
Website:
www.diosexplo.com
Dios Exploration (TSXV:DOS)
Historical Stock Chart
From Jul 2024 to Aug 2024
Dios Exploration (TSXV:DOS)
Historical Stock Chart
From Aug 2023 to Aug 2024