Drilling planned on Solo – Second closing for K2
Montreal, Quebec – Dios Exploration Inc. reports partner Sirios Resources completed an heli-borne magnetic survey and plans drilling in April on Solo gold property, south of Opinaca river Fault, south-east of its K2 property., adjacent to Azimut Exploration’s Elmer gold discovery property, James Bay Eeyou Istchee, Quebec. (02/27 Sirios’release)
Dios reported on Feb. 11 signing an agreement with Sirios, allowing Sirios to earn an interest in this Solo claim block south of Opinaca Fault. Solo covers a fold hinge in younger rocks than on K2-Elmer. Former claim holders located on Solo gold-in-soil and Induced Polarization anomalies in a topography without bedrock exposures. These never drilled targets can only be properly tested by drilling.
Dios completed a non-brokered private placement for a total of $659,000, including a second closing of $42,000 pursuant to which a further 420,000 flow-though shares were issued at the price of $ 0.10 each. See March 5 release.
The net proceeds will be used for exploration work on Dios’ wholly-owned K2 property, adjacent in strike SW to Azimut’ s Elmer property. Dios delineated 3 km long WI target electromagnetic conductor and, among others, ATTILA gold-copper-silver prospect, southwest of Azimut’s Patwon gold discovery, bearing similarities in some host rocks, alterations and 3 networks of quartz veins. K2 is underlain by same stratigraphy as Elmer property, north of Opinaca Fault, a major regional structure.
This press release has been reviewed by Marie-José Girard, Geo M.Sc., President of Dios, Qualified Person following National Instrument 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is d efined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact information :
Marie-José Girard, President, Geo M.Sc.
Tel.: (514) 923-9123 Website: www.diosexplo.com
any news before drilling?