EXPLORATION – Dianor picks up more ground

Dianor Resources (DOR-M) has acquired four mining properties and an exploration permit in the James Bay area of Quebec from privately held Ressources Aurter.

The five areas, totalling 7,460 ha, were acquired for 500,000 Dianor shares and $30,000. The regional geology consists mostly of mafic volcanics and gneisses with interdigitations of iron formations and quartzite.

Grab samples taken by Dianor at three of the properties — Yasinski, Yasinski North and Threegold — have yielded encouraging grades of gold and silver within quartz veins and shear zones hosted by volcanic rocks.

Meanwhile, at Dianor’s Fournire property near Malartic, Que., gold and silver mineralization associated with contact zones between felsic intrusives and greywackes was uncovered during the summer field season.

At Dianor’s Adanac property near Rouyn-Noranda, Que., a trenching and prospecting program over several zones near the Adanac shaft has produced impressive gold grades in quartz veins. Follow-up diamond drilling is under way.

Dianor has also raised $150,000 by privately placing 1 million units. Each unit consists of one share and one warrant entitling its holder to buy another share for 20 cents within two years.