23:53:35 EDT Sat 18 May 2024
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Dios Exploration Inc
Symbol DOS
Shares Issued 121,282,066
Close 2024-03-01 C$ 0.04
Market Cap C$ 4,851,283
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Dios prepares for spring fieldwork in Quebec

2024-03-01 12:38 ET - News Release

Ms. Marie-Jose Girard reports

DIOS TO PURSUE LITHIUM EXPLORATION WORK ON 5 JAMES BAY PROPERTIES, QUEBEC

Dios Exploration Inc. is preparing a late-spring follow-up field campaign on five James Bay lithium projects in Lower Eastmain greenstone belt.

A mapping and sampling program was undertaken on four wholly owned properties last September: LeCaron, Lithium-Nord, Nemiscau-Nord and East Clarkie. The focus was on lithium-bearing pegmatites (lithium/cesium/tantalum (LCT) type) on selected favourable target areas. Due to limited time and helicopter and ground accessibility, Dios field program covered less than 12 per cent of the claims of these four projects. Follow-up is planned as soon as possible to cover large areas yet to explore on the claims. Anomalous values in LCT-type elements were considered to provide regional targets for a follow-up exploration program or increase knowledge of unit geochemistry. Some samples yielded anomalous values in context of lithium-bearing pegmatites exploration:

  • 429333 -- 286 parts per million lithium oxide (133 ppm lithium), 63 parts per million cesium, 295 parts per million rubidium and 0.25 part per million tantalum;
  • 429086 -- 53.8 parts per million lithium oxide (25 parts per million lithium), 80.4 parts per million cesium, 592 parts per million rubidium and 2.8 parts per million tantalum;
  • 429068 -- 30.1 parts per million lithium oxide (14 parts per million lithium), 11.1 parts per million cesium, 725 parts per million rubidium and 0.25 part per million tantalum.

Rocks with fertile signature are also observed in northwesternmost part of the Lithium-Nord property (where anomalous values were also obtained): niobium/tantalum versus magnesium/lithium ratios values corresponding to fertile magma (Selway et al., 2005). This corresponds to the western periphery of Uskawasis3 unit as mapped by the MERN (Ministere des Ressources naturelles et des Forets), just south of lake sediments yielding high lithium values. That sector may be favourable for LCT pegmatites occurrence or at least more evolved magma.

Approximately 141 samples were collected from 194 outcrops visited and analyzed by ICP-MS after sodium peroxide fusion at SGS laboratories, with seven controls inserted for approximately 5 per cent of total samples. No lithium minerals were observed in pegmatites in 2023 small exploration program.

In 2024, follow-up prospecting will focus on the first-priority Lithium-Nord and LeCaron projects. Other follow-up will target intermediate-priority work on East Clarkie and Eastern LeCaron, including newly acquired claims. A first reconnaissance is planned on the Pontax-Nord project. Large part of claims remains to be explored. Technical content of this release was reviewed by H. Desbiens, MSc, PGeo, a National Instrument 43-101 qualified person.

About Dios Exploration Inc.

Dios is a Quebec-based exploration company focusing on lithium and gold/copper in James Bay glacial lands, with 1,372 wholly owned claims for 72,132 hectares (721 square kilometres) without any royalties along major greenstone belt geological contact in Eeyou Istchee, including the Lithium-Nord, LeCaron, East Clarkie, Nemiscau North, Pontax North lithium properties and the Au33-Lithium33 lithium-gold, K2 copper-gold and 33 Carats gold properties, all in Quebec renowned mining jurisdiction. The strength of Dios's lithium projects lies in its prospective location in James Bay Eeyou Istchee, along a major greenstone belt geological structure that is also home to Newmont's Eleonore gold mine. Dios's strong technical team has recognized expertise with more than 30 years experience in mineral management and exploration projects, particularly in glacial terranes, and in building strong relationships with local communities. All exploration programs are subject to Dios's strict CSR (corporate social responsibility) guidelines.

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