DIOS Exploration: $150 000 Private Placement
July 31, 2013 (Source: Marketwired) — DIOS EXPLORATION (TSX VENTURE:DOS) undertakes a non-brokered private placement with accredited investors. Officers & directors may participate in this placement which consists of a maximum of 1,250,000 flow-through common shares for gross proceeds of $150,000. Share price is $0.12.
Proceeds of this placement will be used by DIOS for exploration of road accessible 33 CARATS gold porphyry project, James Bay. There will be a hold period of four months and one day on Common Shares issued. This private placement is subject to regulatory approval. DIOS has some 39 million shares outstanding, no debt and a working capital of $917,351 as of June 30 (see quarterly financials on sedar or company’s website).
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DIOS reported in fall 2012 in situ significant rock values for gold-silver-copper-bismuth, an association typical of gold porphyry deposits on 33 CARATS. Mineralization within tonalite (disseminated, not vein-hosted) and metal associations suggest potential for a low-grade bulk tonnage porphyry gold deposit, such as in Malartic, Abitibi, Quebec.
Fall 2012 results greater than 0,45 grams gold per tonne
|Au g/t||Ag g/t||Cu %||Bismuth g/t|
Outcrops grade up to 4.93 g/t Au, 6,8 g/t Ag, 0.477% Cu et 14 g/t Bi. Metric size angular boulders grade up to 7,76 g/t Au, 15,7 g/t Ag, 2 % Cu et 74 g/t Bi. The 33 CARATS gold porphyry project is cut through by the 167 road, 8 kilometers NW of the Eastmain gold deposit,some 315 km north of Chibougamau, Quebec.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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