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DIOS (TSXV:DOS) acquires Lac LeCaron Lithium Project, James Bay, Quebec

Market News, Mining
TSXV:DOS
16 February 2023 10:00 (EDT)

Source: Dios Exploration Inc.

Dios Exploration (DOS) has acquired Lac LeCaron Lithium Project.

The project, which is within James Bay prolific lithium region of central Quebec, consists of 57 claims spanning 3,000 hectares (30 sqkms) north of LeCaron Lake, about 15 km north-northeast of Eastmain-1 powerhouse and facilities.

It is located within LaGrande geological subprovince, 15km from Opinaca subprovince boundary.

Wholly-owned Lac LeCaron lithium claims cover a 12km-long prospective eastwest section hosting a pegmatitic pluton (granite/granodiorite) with pegmatite pockets and dykes (5-30 per cent) at the margins of a northeast meta-sedimentary and volcanic rock band.

Lithium metal anomalous signature occurs in two different secondary environments LeCaron lithium claims occur along a cluster of lithium metal lake sediment anomalies (Li values between 8 and 10.5 ppm in this secondary environment) combined with anomalous proprietary Dios’ sampled glacial tills of 27.4, 27.9 & 29.5 ppm Li in heavy mineral fraction.

Other anomalous critical elements (such as cesium over 2ppm, up to 5ppm) were observed in lake sediments.

The claims are also located in the vicinity of several magnetic eastwest and west-northwest features cutting through the general NE-SW magnetic trend.

Geochemical signature is comparable to Pivert-Rose deposit and Pontax-Lithium prospect.

Dios Exploration Inc. is a mineral research and mining exploration company.

Dios Exploration Inc. (DOS) was unchanged at $0.09 per share and 10:08 AM ET.


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