Dios sells K2 to Azimut Montreal, Quebec, Canada -- Dios Exploration Inc. (“Dios”) is pleased to report it has entered into a binding sale and purchase agreement with Azimut Exploration Inc. (“Azimut”) to sell its K2 Property adjacent to their Elmer Property in Eeyou Istchee James
TSX-V: DOS July 3, 2025
Dios sells K2 to Azimut
Montreal, Quebec, Canada -- Dios Exploration Inc. (“Dios”) is pleased to report it has
entered into a binding sale and purchase agreement with Azimut Exploration Inc.
(“Azimut”) to sell its K2 Property adjacent to their Elmer Property in Eeyou Istchee James
Bay, Quebec, Canada.
Azimut will acquire 100% interest in 103 claims covering 54.3 sq. km forming the K2
Property (the “K2 claims”) in the western part of the Lower Eastmain Archean Greenstone
Belt, for a cash payment of C$120,000 and the issuance of 200,000 Common Shares of
Azimut. Dios will retain a 2.0% NSR royalty on the K2 claims, subject to a buydown of
1.0% NSR for C$3,000,000. The parties were dealing at arm’s length. The Agreement is
subject to approval by the TSX Venture.
Focus on Heberto-Gold and extents
Dios will focus on gold exploration of its flagship wholly-owned Au33 property hosting
Heberto-Gold discovery, which is easily road accessible some 130 km more to the east in
Lower Eastmain Greenstone Belt.
Heberto-Gold major kilometre-scale system is located within a five-by-eight km highly
anomalous gold-in-outcrop area, 50 km south of Eleonore world-class gold mine and 20
km west of Clearwater gold deposit.
Gold zones can be followed in strike and at depth. Gold is associated with felsic intrusions
and fine-grained pyrite and magnetite and related to thick potassic altered shear zones. Dios
looks for a world-class gold deposit. A review by specialists is underway to select targets.
Dios’ Historical 2015-2017 Heberto Drilling Results (See Oct. 23, 2024 release)
Hole 19 (3.65g/t Au/ 13m) is 50 m south of Hole 1 (2.13g/t Au/ 22.9m), of Hole 9
(2g/tAu/22m) & of Hole 10 (1.8 g/t Au/ 18.45 m). Channel hit 5.18 g/t gold/ 5 meters.
Hole 19 is 112 m west of Hole 1 and 50 m north of Hole 6 (2.23g/t Au/7.75 m).
Marie-Jose Girard M.Sc. PGeo, 43-101 qualified person, prepared this release.
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, M.Sc. PGeo President & CEO
Tel.: (514) 923-9123 Website: www.diosexplo.com