District Metals

DIOS Exploration Commences Follow-Up Work On Clarkie Gold-Bearing Outcrop Sediments

MONTRÉAL, QUÉBEC--(Marketwired - Aug. 3, 2017) - DIOS EXPLORATION (TSX VENTURE:DOS) reports follow-up work started this week on wholly-owned CLARKIE gold discovery in outcropping sediments, of same type and age hosting Eleonore gold mine, both discoveries located within La Grande slightly metamorphosed rocks, James Bay, Quebec, near significant Opinaca contact, some 25 km southeast of Cheechoo along Eleonore-Cheechoo corridor.

First ever program on CLARKIE in 2016 following up gold glacial dispersal train proprietary data returned positive gold results in sedimentary rocks on last prospecting day: three rock samples returned anomalous gold over 1 gram per tonne gold (including 1.66, 1.28 & 1.22 g/t gold) in silicified wackes with 1-2% disseminated pyrite. The significant gold-in-till train points towards the northern extent of this new gold occurrence. Exploration and prospecting is focusing on a one km strike length extent.

DIOS' property encompasses the highly prospective folded part and structural fold nose of the Clarkie sediments, at the head of the gold train (13 samples over 0.10 g/t gold, up to 1.16 g/t gold). This release was reviewed by M.J. Girard, M.Sc. Geo 43-101 QP. 

MORE MINING NEWS

GET DAILY NEWS FLOW

Sign Up To Receive All Morning
News To Your Email Inbox

Please review our Disclaimer and Privacy Policy before subscribing.

OMAI GOLD MINES (TSX.V: OMG)

Omai Gold Mines

Omai Gold Mines holds a 100% interest in the past-producing Omai gold project in Guyana. The company has completed a Preliminary Economic Assessment that showed a robust after-tax NPV5% of $556 million and 19.8% Internal Rate of Return at... LEARN MORE