Here is an analysis by Eric Lemieux, Mining Analyst regarding the K2 project:
Event: Dios Exploration Inc. reported a project update in regards to its K2 property in James Bay – Eeyou Istchee, Québec. New geophysics results to be generated.
Impact: Slightly positive. A planned IP geophysical survey could potentially generate targets in the western extensions of the K2 property. May help vector the summer plans to follow-up with field investigation including drilling.
- On June 11, 2020, Dios announced a project update on its 100% owned K2 property in the Elmer Lake area James Bay – Eeyou Istchee, Québec. The K2 property is ~15 km to SW on strike of Azimut’s (AZM-V) Elmer (Patwon) gold discovery. The K2 gold project is composed of ~68 claims totaling 3,590ha along the Opinaca River. Dios is commencing a 3.2km x up to 1.1km line cutting grid and a time-domain dipole-dipole IP (induced polarization) survey to better ascertain the WI Target on the western portion of the K2 property.
- Dios focuses on gold exploration in James Bay Eeyou Istchee, Québec: Dios has applied expertise, through proprietary till sampling, to systematically assess glacial sediments and possesses ~624 claims along major geological contact in James Bay. DIOS’s current properties are: K2, AU 33, Clarkie, 33 Carats and 14K largely located in the geological subprovince of La Grande, near contact with that of Opinaca.