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DIOS (TSXV:DOS) acquires Lithium North Project in James Bay, Quebec

Market News, Mining
TSXV:DOS
07 March 2023 08:45 (EDT)

Source: Dios Exploration Inc.

Dios Exploration (DOS) has acquired a large Lithium North Project located north of its Lithium33 Property.

The project totals 136 claims over 7142 hectares in James Bay, the prolific lithium region of Quebec.

Source: Dios Exploration

Lithium North covers two pegmatite prospective sections, which include the NE-SW striking 13 km-long section and NW-SE 6 km long one. Both of them host porphyritic/pegmatitic granodiorite with pegmatite pockets and 5-50 per cent dykes, wrapped around a magnetic biotite granite.

Lithium North lies within a greenstone belt sub-province and outside the limits of the former Tyrell Sea, which means that sediment values are more reliable as they were not swept all over the sea.

Dios’ project is well located at the head of a significant (30km-long) cluster of lake sediment anomalies (Li over 8ppm, up to very high 100.6ppm; Rb over 10ppm, up to 72ppm; Cs over 2ppm, up to very high 8ppm).

The claims are also located near a magnetic NS & NE lineaments swarm crosscutting the general NW magnetic trend. They host lithium metal lake sediment anomalies (27, 21.5, 14.6, 12.7& 8ppmLi) combined with other anomalous critical elements (30.5 & 13.9ppmRb; Cs>2ppm, up to 8ppm) near pegmatitic outcrops.

Lithium North is located about 60 km ENE of Allkem James Bay/Cyr lithium deposit (40.3Mt @1.40%Li2O resource) and 40-50km north of Rose deposit (26.3Mt @ 0.87% Li2O & 138 ppm Ta2O5 resources).

Geochemical signature of Lithium North is comparable to the Pivert-Rose deposit and Pontax-Lithium prospect, which was discovered and drilled during the former joint Dios/Sirios Resources project.

Dios owns 1,190 claims for 66,114 hectares in James Bay.

Dios Exploration Inc is a mineral research and mining exploration company which strives to generate exploration projects from the scientific concept of feasibility and develops them either alone or through a joint venture.

Dios Exploration Inc. (DOS) opened trading at $0.085 per share.


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