Grab samples recently taken from outcrops at Dios Exploration (DOS-V, DIOSF-O) and Sirios Resources’ (SOI-V, SIREF-O) Opinaca Nord project in the James Bay area of northern Quebec have returned uranium grades as high as 0.17% U3O8, 0.12% U3O8 and 0.08% U3O8.
Dios, which is earning a 50% stake in the project from Sirios and is the operator, has collected 11 grab samples from an 800-metre-long zone, where it has identified three targets: A1, A2 and A3.
The mineralization consists of disseminated uranophane and uraninite within migmatites (paleosomes).
Last year, the company highlighted three samples collected on Opinaca Nord, situated in the LaGuiche metasedimentary basin, grading 0.62% U3O8, 0.16% U3O8 and 0.1% U3O8. Field radiation readings from the area averaged 2,000-5,000 counts per second (CPS), with maximum readings of 14,000 CPS. Another target, D1, is considered lower priority, since uranium grades and radiation readings there are lower.
Dios owns 100% of UGO, another project in the Opinaca district. There, it collected 32 grab samples from tonalitic and pegmatitic outcrops, highlighting four samples grading 0.06% U3O8, 0.04% U3O8, and two grading 0.03% U3O8. The samples were collected within a 1- km radius.
Dios also owns 100% of U2, another project in the LaGuiche area. It collected 25 grab samples from outcrops on the property, highlighting three samples grading 0.06% U3O8, 0.04% U3O8 and 0.03% U3O8.
Another project in the LaGuiche area is Upinor, where Dios holds 50% in a joint venture with Sirios. The companies collected 120 grab samples, of which 25 graded higher than 0.05% uranium oxide. Of these, five samples graded higher than 0.1% U3O8, and the highest assay was 0.23% U3O8.
Mineralization on Upinor consists of disseminated uraninite, uranophane, apatite, molybdenite and biotite in metric low-dipping pegmatite- alaskite sills/dykes injected in paragneiss.
Dios has 34 million shares outstanding, and $5 million in working capital. At presstime, Dios traded at 13.5¢ in a 12-month range of 5-37¢.
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