MONTREAL, QUEBEC–(Marketwired – Nov. 3, 2016) – DIOS EXPLORATION (TSX VENTURE:DOS) is very pleased to report significant results from new K2 project seven-day exploration program, Lower Eastmain James Bay area, Quebec. Outcropping rock sampling returned 64 gold assays between 8.08 and 0.1 g/t gold, including 12 samples greater than 1 g/t gold (8.08, 3.64, 2.52, 2.44, 2.28, 2.12, 1.74, 1.71, 1.65, 1.46, 1.35, 1.03 g/t gold) and 20 samples over 0.50 g/t gold. Gold is associated with significant silver values up to 123 g/t Ag (including 36 samples over 10 g/t silver & 8 samples over 50 g/t silver ) and copper values up to 6,42% (65 samples over 0.1% Cu and 18 samples over 1% Cu).
Best assays were obtained from felsic volcanics overlying Kali Quartz-Diorite Porphyry. A chalcopyrite-rich stringer/stockwork zone extending over 75 m and about 5-10 m wide yielded up to 8.08 g/t gold, 96.7 g/t silver, 2.43% copper & 0.17% zinc. A total of 13 rock samples from «Attila Zone» returned average grades of 1.07 g/t gold, 38.8 g/t silver & 1.25% Cu. Some 100 m north, a several meter sub-parallel horizon extending over 50 m with narrow quartz-carbonate-pyrite veins returned five samples over 1 g/t gold (up to 3.64 g/t gold & 26.7 g/t silver).
Gold-Silver-Copper occurrences hosted in felsic volcanics and tuffs are spatially associated with NW Kali fault and margins of a regional distinct 3 x1 km magnetic high anomaly along Kali Quartz-Diorite Porphyry contact. Mineralization consists in disseminated and stringer sulphides (pyrite-chalcopyrite, minor sphalerite-pyrrhotite) associated with strong silica-chlorite-carbonate stockwork alteration zone. Alteration Zone is centred on Kali fault, overlapping southern margin of magnetic high anomaly. It was traced over a 500 m width and a 2 km lateral extentwithin felsic volcanic sequence. Sericitization-silicification-pyritization (2-5%) of a specific several meter volcanic unit was also observed.
DIOS‘ research work outlined a 10 km long felsic sequence injected by synvolcanic Kali Quartz-Diorite porphyry, favourable for gold-silver-copper mineralized system. Several types of gold-bearing mineralization were observed: disseminated and stringer sulphide (pyrite-chalcopyrite) zones hosted in felsic volcanics sub-parallel to stratigraphy; shear zones; fracture-filling and narrow (cm-dm) quartz-carbonate-sulphide veins.
DIOS is looking forward to follow-up exploration work on K2 in the Lower Eastmain near Opinaca Sub-province. Eleonore Gold Mine is in the Lower Eastmain near the Opinaca sub-province. Due to positive results so far, DIOS extended K2 over a 12km-strike of favourable volcanics in contact with Kali pluton (65 claims, 35 sq. km). New claims cover an EW shear coincidental with weak electromagnetic (input) anomalies over a 2 km-strike. Ground geophysical Induced-Polarization surveys are considered to outline large-scale targets at depth.
A total of 300 samples including 28 blanks were collected and analyzed at Val Dor ALS-Globals laboratory for gold (AU-AA23) and others elements (ME-ICP41). This press release was prepared by Harold Desbiens, M.Sc. Geo 43-101 QP.
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.