Jun 28 2019
For a few weeks now, DIOS Exploration has begun its first summer field prospecting and exploration operation on K2 gold project close to an under-explored part of the Lower Eastmain Greenstone belt, James Bay Eeyou-Istchee, Quebec.
Outcrop grab sampling by DIOS had returned 10 g gold per ton in the neighborhood of the West Input (WI) electromagnetic anomalies. This was the first ever unearthing of gold in outcrop in that entire western area.
The K2 property adjacent to the Kali intrusive has never been drilled. The K2 property was enlarged to safeguard specific high-priority targets demarcated by DIOS’ high expertise geological team, largely in the prospective green schist facies. It currently encompasses about 85 km2 (162 wholly owned no royalties mining claims).
Prospecting on the Farwest Claim Block near WI-Target had produced new gold occurrences and Bousquet and Doyon mine-type sericitized and silicified dacitic glacial boulders bearing 2-10% disseminated pyrite and quartz veinlets assaying 6.72, 0.72, 0.63, 0.443, 0.352 g per ton gold with copper (0.086-0.192% Cu) and minor silver (1-29 g/t Ag) values.
WI-Target anomalies were also defined by anomalous gold in soils (B-horizon) as ten out of 16 (62.5%) soil samples assayed more than 8 parts per billion gold: 8, 9, 10, 15, 19, 20, 21, 30, 49, and 283 ppb gold. New Cinnamon gold showing had returned more than 10 g/t Au and 2 g/t Ag with 1% pyrite in tonalite intrusion close to volcanic contact.
This news release was put together by M.J. Girard, M.Sc. Geo and 43-101 QP. Grab samples are selected samples and are not essentially illustrative of the mineralization found on the property. The K2 property is situated 25 km east of the Eastmain Village, which can be located where the Eastmain river flows into James Bay.