SIGNIFICANT DISCOVERY ON HOTISH PROJECT: 0.621 % URANIUM OXIDE OVER 3 M TRUE WIDTH IN VOLCANICS NEAR SURFACE
Discovery of a high grade uranium lens (1.85 % U3O8 over one-meter true width), with copper and lead mineralization in sub-vertical volcanics under two feet of sand on wholly-owned HOTISH PROPERTY, adjacent to Cameco, Otish Mtns, James Bay Agreement Land, QC.
Five horizontal diamond-saw channels crosscut the stripped mineralized lens along a fifteen meter length returning from north to south:
- 0.5042 % uranium oxide over 2 m (1.04 % U3O8 over 1 m)*
- 0.155 % U3O8 over 1 m (.087 % U3O8 over 2 m with 0.13 % copper)
- 0.621 % U3O8 over 3 m (1.85 % U3O8 / 1 m, 0.5% lead, 0.17 % Cu 0.5% vanadium)
- 0.1 % U3O8 over 1 m
- 0.532 % U3O8 over 1 m and0.165 % lead
Two grab samples returned 1,66 % U3O8 (0.131 % copper, 0.63 % lead, 1.5 % barium, 0.7 % vanadium) and 0,624 % en U3O8, respectively, discovered following manual stripping of a 64 000 et 30 000 cps sector, with associated uranophane and sulfides, mainly chalchopyrite. A brecciated texture and a strong shear give a schistous look and fragments are hematized in the brecciated areas. Mechanical stripping was thus undertaken over a 15 m extent by 5 m width. The mineralized lens seems to follow a north-south structure crosscutting the east-west sub-vertical sheared volcanics (600, 1000 m width) and could be further stripped along its extents with larger machinery or drilled at depth. The actual Otish winter road and planned all weather road in the scope of the Quebec Government Plan Nord is located 15 km from the property, which overlaps the western unconformity of the Otish sedimentary basin.
Uranium, silver, copper … rare earths
In 2009, on the Butte zone, three biotitite boulders assayed respectively 0.461%; 0.679% and 0.937% U3O8 and drilling almost underneath at a vertical depth of 120 m under the surface intersected up to 0.093% U3O8 over 3.5 m (incl. in 0.04 % U3O8 over 12.5 m or 0.036 over 13.5 m in the same glimmerite material) and 5.9 g/t Ag; 0.26% Pb; 0.19% Zn over 60.2 m and hole #6 returned 0.056% U3O8 over 5.1 m at a further vertical 120 m depth underneath that hole in the same section, then some 40 m away, hole #7 returned 0.083% U3O8 over 2.6 m and a value of 0.045% U3O8 over 2 m in another section, this last one is included within 0.031% U3O8 over 5m. Hole #10 returned 0.048% U3O8 over 4 m. The Butte showing clearly hosts a very specific and distinct uranium bearing occurrence almost never observed elsewhere in the world: it seems of Proterozoic age, structure related though with large mineral crystals and hosted within what seems to be Laguiche metasediments. The mineralization extends over a few meters wide and is now followed at depth down to 220 m and seems open at depth and along strike
The GODZILA showing returned interesting results: 0.66% U3O8 (uranium oxide) over 1 meter at SRC and values over one meter each such as 0.255%, 0.151%, 0.067%, 0.067%, 0.026% and 0.021%, U3O8, each sample measuring one meter wide perpendicular to the 16 meter exposed and manually trenched mineralized zone (assays by Delayed Neutron Counting at Actlabs). Leached alteration is very different from the Butte occurrence.
The B1 zone returned in 2011 0.34% and 0.23% U3O8 and in the Spring 0f 2009, nine samples over 0.3% U3O8 were returned, up to 0.854% and that a discovery of Rare Earth and Zirconium was completed: 0.36% REE (rare earth elements, not oxide values), 0.1% Y (yttrium), 1.5% Zr (Zirconium). Also the same area returned 0.787% U3O8.
In 2008-2009, on the Ring Dyke Target, a total of ten samples were taken including six grab-samples that were collected on amphibolitic floats containing 1-2% pyrite and traces-1% of chalcopyrite-malachite. Of these six amphibolitic samples, five returned assays between 0.06-0.13% U308; 0.10-1.9% Cu, and 2-182 g/t Ag. The concentration of these specific boulders suggests a very proximal source. Re-examination of lake sediments, soils, rocks analysis as well as of the geophysical data is underway to evaluate the property potential for IOCG mineralization (Iron Oxide Copper Gold).
Proven Kimberlitic Occurrences
Kimberlitic material was intersected in thirteen holes on the Hotish property. At least three (3) distinct kimberlitic occurrences were defined, with one found outcropping. Further ground geophysical surveys, prospecting, and till sampling (280 samples) work was carried out simultaneously during the course of the drilling campaign. Another hole elsewhere on the property intersected a fourth occurrence of a few cm kimberlite sill.
In 2004, Dios found a one-foot melnoite float some ten kilometers up-ice from previously identified kimberlitic sills; the source of the float has not yet been found.