DIOS hits over 10 grams gold per tonne in outcrop on K2 West Input area - discovers Bousquet mine type boulders associated with WI-Target Montreal, Quebec – DIOS EXPLORATION discovers new gold occurrences on FARWEST CLAIM BLOCK of wholly-owned K2 gold project along an under-
November 15, 2018
DIOS hits over 10 grams gold per tonne in outcrop on K2 West Input area -
discovers Bousquet mine type boulders associated with WI-Target
Montreal, Quebec – DIOS EXPLORATION discovers new gold occurrences on
FARWEST CLAIM BLOCK of wholly-owned K2 gold project along an under-
explored part of the Lower Eastmain Greenstone belt , James Bay Eeyou-Istchee,
Quebec. Preliminary results from grab sampling a surface ou tcrop returned 10
grams gold per tonne (by fire assay and atomic abso rption finish), in the vicinity of
the West Input anomalies. Grab samples are selecte d samples and are not
necessarily representative of the mineralization ho sted on the property. Many
results are still pending, with high sulphide (sulp hur) content. This is the first ever
discovery of gold in outcrop in that whole area.
Prospecting near WI-Target yielded Bousquet and Doy on mine-type sericitized
and silicified dacitic glacial floats/boulders host ing 2-10 percent disseminated
pyrite and quartz veinlets assayed 6.72, 0.72, 0.63 , 0.443, 0.352 grams per ton
gold with minor silver (1-29 g/t Ag) and copper (0. 086-0.192 percent Cu) values
in grab samples . A series of several kilometre long electromagnetic conductors (EM
inputs) and adjacent glacial drumlins were targeted within a poorly outcropping
bimodal volcanic domain. Systematic prospecting (glacial boulders/floats) an d soil
(B- horizon) sampling were carried on the NE drumli ns 200-600 meters W-NW of
the 2.2 km long WI-Target (9x 2-4channels inputs-EM) and 4.2 km-long A-05 (15x
2-5channels inputs-EM) conductors. Distribution and nature (metric size and
angularity) of gold-bearing floats suggest proximal source (probably from adjacent
EM conductors).
WI-Target drumlins are also characterized by anomalous gold in B-horizons as ten
out of 16 (62.5%) soil samples assayed over 8 parts per billion gold: 8, 9, 10, 15,
19, 20, 21, 30, 49 and 283 ppb Au. New Cinnamon go ld showing, 300 meters SE
of WI-Target, returned over 10 g/t Au & 2 g/t Ag, hosted by a 0.3 m-wide
N255-260 shear (same orientation as WI-Target conductor ) with 1%
disseminated pyrite in tonalitic intrusion near vol canic contact. Adjacent
(down-ice) E-W drumlin yielded 3 anomalous soil-sam ples assaying 6, 7 & 17
ppb Au.
Along nearby several kilometre long A-05 conductor, prospecting uncovered two
metric semi-massive pyrrhotite-pyrite exhalite floa ts that respectively graded 0.28%
Zn, 4.8 g/t Ag & 0.055% Cu, 1.7 g/t Ag.
This press release was prepared By Harold Desbiens, M.Sc. Geo and 43-101 QP.
Mr. Desbiens worked for many years for Lac Minerals , at the time owner of Doyon
and Bousquet mines.
The FARWEST claim block is located 25 km east of th e Eastmain Village, itself
located where the Eastmain river flows into James b ay. Samples were sent for
assays (Au-AA23, fire assay on 30 grams and atomic absorption finish & ME-
ICP41) at Val d’ Or ALS Global Laboratory with con trol inserts following standard
industry protocol. Rock samples weighted between 1-2 kg, sometimes 3 kg, and soil
samples weigthed 2 kg.
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
President & CEO
Tel. : (514) 923-9123
www.diosexplo.com