Skip to main content

DIOS undertakes exploration work on five James Bay properties, Quebec

MONTREAL, June 27, 2024 (GLOBE NEWSWIRE) — Dios Exploration (“Dios”) (TSX-V: DOS) starts, as planned, follow-up field work on wholly-owned LeCaron, Lithium-Nord, East-Clarkie, Nemiscau-Nord and Pontax-Nord properties in James Bay Lower Eastmain greenstone belt.

“We are enthusiastic about this exploration campaign, allowing us to make up for lost time during last summer forest fires. We will explore strategic areas of newly acquired properties with attractive potential for critical elements,” said MJ Girard, President of Dios.

Exploration follow-up will focus on first-priority Lithium-Nord and LeCaron projects. Other follow-up work will target intermediate-priority work on East Clarkie and Eastern LeCaron including newly acquired claims. A first reconnaissance is planned on Pontax-Nord and follow-up on Nemiscau-Nord. Large part of claims remains to be explored.

Focus is on Lithium-bearing pegmatites (LCT type) on selected favourable target-areas. Rocks with fertile signature are observed in northwestern-most part of Lithium-Nord, where anomalous values were also obtained (March 1, 2024 press release): Nb/Ta versus Mg/Li ratios values corresponding to fertile magma (Selway et al. 2005). This corresponds to the western periphery of Uskawasis3 unit as mapped by Quebec Government, just south of lake sediments yielding high lithium values. That sector may be favourable for LCT pegmatites occurrences or at least more evolved magma.

Due to forest fires and limited time, helicopter & ground access, last Fall field program covered less than 12% of claims on 4 projects. We are quite happy to start new field work.

Gold potential on Clarkie and LeCaron

Dios had discovered a Wacke unit on Clarkie with up to 8.88 g/t gold and 6.8 g/t gold in association with 2 percent pyrite and quartz veinlets (see August 8, 2022 release).

Dios reported on LeCaron the Conductor showing discovery in 2010 with 2.074 g/t gold over 4.5 m in channel sampling, 1.286 g/t Au over 2.5 m and 9.64 g/t Au over 0.7m (Government files, SIGEOM).

Gold follow-up on Au33-Lithium33 (Heberto Gold extents)

Gold exploration follow-up is also studied on Au33-Heberto gold discovery and extents: see Dios annual and quarterly MDA.

This release was prepared by M.J. Girard M.Sc. PGeo, 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, M.Sc. PGeo, 43-101 QP
President
mjgirard@diosexplo.com
Tel. (514) 923-9123
Website: www.diosexplo.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.