DIOS acquires Pontax-North Lithium property
MONTREAL, Jan. 19, 2023 (GLOBE NEWSWIRE) — Management of Dios Exploration Inc. (TSX-V: DOS 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)
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.
Contact information :
Marie-José Girard, P. Geo M.Sc., 43-101 QP
Tel. (514) 923-9123