Dios Exploration announced on September 24th, that two backhoes were moved this Fall on AU 33 WEST Gold Project.
This is major work for this project.
The trenching work is taking place this fall. Detailed rock sampling was undertaken and rocks to be assayed. The results will soon be published…
Why all this agitation? Because Dios Exploration :
- Thinks of AU33 West in James Bay as its project with the best mining potential
- Joint ventured with a major company, Osisko, to fund total expenses over a 5 year period. The partnership is renewable for another 5 year period afterwards.
- Considers that all main factors are in place to discover an economical mining deposit easily exploitable: surface exploitation and road infrastructures in proximity, the Eastmain 1 Hydro Power Complex road.
The best summer 2012 sampling results of rock outcrops and soils sustain such enthusiasm:
|
G/t gold |
ROCK DESCRIPTION |
| 17.3 | Granodiorite, fine grained, beige, rusty, 2% pyrite, quartz vein of 4 cm |
| 12.6 | Granodiorite, fine grained, beige, rusty, 3% pyrite, magnetite |
| 11.8 | Tonalite, fine grained, strongly oxidized, quartz veinlet network, disseminated pyrite mainly in quartz veinlets |
| 4.7 | Granodiorite, medium grained, beige, magnetic, rusty in places |
| 1.7 | Granodiorite with pegmatite, aplite and felsic dikes, quartz-hematite veinlets with traces pyrite |
Please note that this geological model bears a lot of similarities with that of the Malartic mine , operated by Osisko, with a gold grade of 1 g/t.
Geographically, the project is located a few hundred kilometers north north-east of Matagami. Geologically, it is located in the Opinaca Eastmain emerging gold camp , some 60 km away from the world class Eleonore gold deposit developed by Goldcorp.
Other recent information on AU33 West Gold Project:
We will keep you informed on the upcoming news about this project.