DIOS acquires Pontax-North Lithium property

Posted 2023-01-19

DIOS acquires Pontax-North Lithium property

Montreal, Quebec, Canada – Management of Dios Exploration Inc. is very pleased to report Dios acquired the Pontax-North lithium property within James Bay prolific lithium region of central Quebec, Canada. It is located north of Pontax River and some 23km south of KM381 facilities.

Pontax-North lithium is also located some 6 km north (and west) of Pontax-Lithium prospect (1.16% Li2O over 30.55m) of Striae Resources and about 23 km due south of Galaxy Resources James Bay/Cyr lithium deposit (40.3Mt @1.40%Li2O resource) for which Canada Environment federal minister just gave its approval on January 16 to start this new lithium mine in James Bay.

The Pontax-North lithium project covers favourable rocks (paragneiss) along the margins of a 23 by 5-10 km magnetic felsic pluton with a prospective section some 10-11 km long. Pontax-North claims are also located in the axis of SW-NE glacial movement and along a cluster of lithium metal lake sediment anomalies combined with useful other anomalous critical elements.* The claims are also located in the vicinities of several magnetic features intersecting the general SW-NE magnetic trend. Pontax-North lithium totals 33 wholly-owned claims for 1760 hectares. Field work is planned in 2023.

Geochemical signature is comparable to Pivert-Rose deposit and Pontax-Lithium prospect with even higher values in secondary environment. Pontax-Lithium (lithium-tantalum-bearing pegmatite dikes) was discovered and successfully drilled in the scope of former joint Dios/Sirios Resources exploration project under supervision of Harold Desbiens M.Sc. P.Geo, V.P. of Dios & 43-101 Qualified Person, who reviewed this release. * Pontax-North (Li over 15ppm, up to 22.5ppm; Cs>2ppm; Rb > 13ppm, up to 18.2ppm)

ERIC LEMIEUX, MINNING & EXPLORATION ANALYSIS

DIOS acquires the Pontax-North Lithium property in central Eeyou Istchee James Bay, Québec

Dios reported on January 19, 2023 that its has acquired the Pontax-North lithium property in the James Bay area. The Pontax-North lithium property totals 40 wholly-owned claims for 2,300 ha. and is located north of Pontax River and some 23km south of KM381 facilities (see: https://www.linkedin.com/pulse/genius-metals-inc-geni-v-provides-preliminary-ip-survey-eric-lemieux/) and the James Bay/Cyr lithium deposit (40.3Mt @1.40%Li2O resource). The project is located as well ~6 km NW of the 3,613 ha Pontax-Lithium prospect (1.16% Li2O over 30.55m) of Striae Resources (https://strialithium.com/stria-reports-positive-outcrop-mapping-and-sampling-results-from-pontax-north-and-pontax-central-targets-at-its-pontax-lithium-project-quebec/) that is being drilled by Cygnus Gold (https://www.cygnusgold.com/pontax-lithium-project). The Pontax-Lithium (lithium-tantalum-bearing pegmatite dikes) were discovered and successfully drilled in the scope of former joint Dios/Sirios Resources exploration project.
James Bay, emerging lithium district: The Pontax-North lithium project covers favourable rocks (paragneiss) along the margins of a 23 x 7km magnetic felsic pluton with a prospective section some ~11 km long. The Pontax-North claims are also located in the axis of SW-NE glacial movement and along a cluster of lithium metal lake sediment anomalies combined with useful other anomalous critical elements. The area has several magnetic features intersecting the general SW-NE magnetic trend. Field work is planned in 2023. Recall on October 20, 2022, Dios had announced that it has acquired the Nemiscau-North Lithium battery metal property totalling 164 wholly-owned claims for 9,274 ha along Pontax River, some ~15km north of Nemaska Cree village. We also highlight Azimut Exploration (AZM-V) has generated lithium projects in the Eeyou Istchee James Bay (https://azimut-exploration.com/wp-content/uploads/2023/01/azimut-pr-20230123.pdf) and several companies active in the area (https://www.linkedin.com/pulse/harfang-exploration-inc-har-v-reports-results-its-pontax-eric-lemieux/).