Management of DIOS EXPLORATION is pleased to report completion of the first nine holes drilled for gold totalling 1 332 meters on wholly-owned road-acessible 33 CARATS gold porphyry project, north of the town of Chibougamau, James Bay, QC. This fall prospecting program also uncovered new mineralized outcrops of tonalite with disseminated chalchopyrite and as in-fillings in association with hematization zones some 500 m farther away than the last known mineralized outcrops. Several mineralized boulders were also discovered down-ice.
Holes were drilled over approximately a 2.5 km north-south length and over 500 m east-west. A significant biotitisation zone (potassic alteration targeted for by this drilling for such a gold deposit) some two km by 300-400 m was defined and interpreted. Biotite alteration is intense and pervasive and can be disseminated or in veinlets. Epidote alteration can also be noted in association with hematization zones. Propylitisation zones are typical of porphyry deposits.
Detailed core logging is completed and core split in two already sent to ALS-Chemex laboratory, Val d’Or for assaying, results pending. Several drill holes intercepted multiple several meter zones of mineralized tonalite with disseminated copper sulfides (up to 1 % chalcopyrite), 1 to 2 % pyrite (iron sulfide) (gold indicators in this gold porphyry context), as well as silicified zones and hematized ones, and furthermore, chalcopyrite stringer zones, biotite stringer zones, and carbonated zones in places.
Gold mineralized outcrops grading up to 4.93 g/t Au, 6.8 g/t Ag, 0.477% Cu and 14 g/t Bi were discovered in 2012. Some glacial boulders of metric size are angular, suggesting a proximal source, and they grade up to 7.76 g/t Au, 15.7 g/t Ag, 2 % Cu and 74 g/t Bi; they were for the first time discovered in 2011, following delineation by DIOS of a significant gold glacial dispersal train in till. DIOS invites investors and shareholders for further information at booth 228 room 400, Palais des Congrès de Québec (AEMQ Convention), November 11-14.
The goldbearing tonalite at 33 CARATS is located about 8 km from Eastmain gold deposit and 50 km south of Renard diamond deposit. There is a typical gold-silver-copper-bismuth association and mineralization (disseminated, not vein-hosted) and metal associations suggest potential for bulk tonnage porphyry gold deposit. This release was prepared by M.J. Girard, M.Sc. Geo, a 43-101 Qualified Person.
Source: http://www.diosexplo.com/