DIOS EXPLORATION: Field Work Initiated on Opinaca Nord Uranium-Gold Exploration Project, Quebec
DIOS EXPLORATION: Field Work Initiated on Opinaca Nord Uranium-Gold Exploration Project, Quebec
Jun. 26, 2007 05:19 PM
MONTREAL, QUEBEC -- (MARKET WIRE) -- 06/26/07 -- DIOS EXPLORATION INC. (TSX VENTURE: DOS) initiated last week its first prospecting and ground geophysics field campaign for uranium exploration on the Opinaca Nord Property since an option agreement was negotiated with Sirios Resources Inc. to acquire a 50 % interest in the property (press release dated 07-05-16). The project comprises three significant uranium anomaly clusters as well as one main anomaly cluster for gold in association with arsenic.
One of the uranium lake bottom sediment anomaly cluster was recently delineated from SDBJ data research work completed by DIOS on a part of the property not previously sampled by Sirios, reaching up to 383, 40, 76, 138 and 121 ppm (part per million) Uranium along an east-west 20 kilometer trend. These claims form part of the same agreement and will also be sampled for detailed lake bottom sediments. Previously, two detailed uranium anomaly clusters as well as one main anomaly cluster for gold in association with arsenic were delineated elsewhere on the property by Sirios. In 2005, Sirios carried out a detailed bottom-lake sediment survey that outlined the first two uranium anomaly clusters (5 and 10 sq. kilometres) and a good gold-arsenic anomaly cluster. The anomalous levels were determined from a regional lake sediment data bank totalling 2,223 samples completed at the same time.
The three lake bottom uranium anomaly clusters represent high points of interest of the current field campaign on the Opinaca Nord property for DIOS. Work completed by Sirios shows that a strong anomaly with many samples in the 40-70 ppm range is present in the southern part of the property, along the tectonic fabric, possibly representing a nearby source as they are not scattered along glacial dispersal trends. The second Sirios anomaly is present in the northwestern part of the property, comprising numerous samples aligned along an east-west trend. A Rossing-type high tonnage low-grade uranium model may be considered in association with numerous anatexy granites occurring within paragneises (metasediments) of the Laguiche Basin.
Located about 30 kilometers east of the Goldcorp Eleonore gold deposit, the DIOS-Sirios Opinaca Nord property north is also located north of the Sirios-Golden Valley Shark gold property. The Dios-Sirios property shows repetitive east-west topographic lineaments parallel to a regional structure associated with the Opinaca River. The 300 sq. kilometer (576 claims) property encompasses the Laguiche sedimentary Basin.
Regarding the gold anomaly, field work is planned for later in the summer. That area shows the strongest geochemical activity with anomalies in Au (ICP-MS), As, Sb, Se, Ag, Tg, Te, Rh, Bi, Cu, Zn, Be, Y. Other arsenic anomalies are present in the southeastern part of the property, adjacent to the Everton Resources B block, in the possible extent of their Claude and Manuel gold showings.
The DIOS' technical team considers that both uranium and gold potential is good on the Opinaca Nord property. DIOS has 33 millions shares outstanding and is very well funded to carry out extensive exploration programs on its many projects.
M.-J. Girard, M.Sc. P.Geo., is a qualified person pursuant to National Instrument 43-101.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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