MONTREAL, QUEBEC -- (Marketwire) -- 03/01/13 -- Dios Exploration Inc. (TSX VENTURE: DOS) reports diamond drilling to be undertaken before the spring on the AU33 WEST Gold property, James Bay area, Quebec, a few km from the Eastmain-1 hydropower plant. Following positive results from first channel diamond saw sampling from trenching and stripping completed in fall 2012 by partner Osisko Mining Corporation in the central part of the AU33 WEST Gold property, a 33 kilometre long line cutting and geophysical survey is currently ongoing for induced polarization, to be followed by a 1000 metre diamond drilling campaign which will be initiated shortly.
Ten trenches were dug this fall to test geochemical soil anomalies or to extend previous known showings (Dec. 20 press release). Best results were returned on the Heberto showing assaying 5.0 g/t gold over 5.25 m and 1.12 g/t gold over 4.5 m in a sheared tonalite (granitic rock). Several anomalous gold results varying from 0.5 to 1.1 g/t gold over lengths of 0.75 to 2.25 m were obtained from the other trenches (g/t equals grams per ton) completed on these granitic intrusives.
See website maps AU33W gold results
Gold projects location
During the 2012 summer, Osisko discovered five new gold showings in a felsic (tonalite-granodiorite) intrusive complex returning between 1.77 and 17.3 g/t gold in grab-samples. Goldbearing mineralization appears as 1-5 percent pyrite in disseminations and fracture fillings associated with potassic alteration and/or silicification. The current geophysical survey aims at better defining the extent of the showings under the overburden and to target next exploration work.
The style of mineralization (disseminated, not vein-hosted) and metal association suggest potential for a low-grade bulk tonnage porphyry gold deposit on the property.
This news release was prepared by M. J Girard, M.Sc. Geo and President of DIOS, the Qualified Person (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.
Marie-Jose Girard, M.Sc. Geo
President & CEO
(514) 485-2155 (FAX)
Most Popular Stories
- SEO Traffic Lab Celebrate Wins at Digital Marketing Event 'Internet World 2013' in London
- Social Media Initiatives Should Follow Customers' Lead
- Apple CEO: Offshore Units Not a 'Tax Gimmick'
- U.S. Senate Accuses Apple of Large-scale Tax Avoidance
- UTEP Water Recycling Project Wins Venture Titles
- Marketo Makes a Mint in IPO: Stock Shoots Up More than 50 Percent
- Bieber Booed at Billboard Awards
- Crude Oil Up, Gasoline Down
- Austin Startup Compare Metrics Raises $3.5 Million for Expansion
- Why So Many Top 'Car Guys' Are Actually Women