Management of DIOS EXPLORATION is pleased to report the acquisition of a new gold project, in the Opinaca-Eastmain Gold Camp, 350 km north of Matagami, James Bay, QC. The wholly-owned SOLO gold project is composed of 55 claims for 29 sq. km along the Lower Eastmain Greenstone belt, part of the Archean La Grande Sub-province, James Bay, Quebec. It is located about 30 km due west of the Km 381 Relay and of the Matagami-Radisson highway, between the Opinaca and Eastmain Rivers.
The SOLO gold property is underlained by favourable complex geological features. The general geological environment suggests a potential for Bousquet type gold or intrusion-related type gold mineralization. The Opinaca-LaGrande Sub-provinces contact is located from two to four kilometres from the SOLO gold property. This gold project covers a folded (tilted syncline towards the south; north dipping) volcanic sequence composed of calc-alkaline sinter to lapillis-blocks felsic-intermediate tuffs (WABAMISK Formation), banded iron-formation (BIF)/ chert, intermediate and tholeiitic mafics. The sequence covers a 5 km strike of untested (and non-outcropping) inputs/ induced polarization anomalies, along which are surimposed gold soil (humus) anomalies. The geophysical anomalies are interpreted as the contact between felsic tuffs and intermediate volcanics and are located near a kilometric tonalite plug intruding the northern limb of the fold. These coincidental anomalies constitute good drilling targets.
This news release was prepared by H. Desbiens, M.Sc. Geo and Vice-President of DIOS, the Qualified Person (43-101).
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