Sirios resumes exploration on Aquilon, Eeyou Istchee James Bay region, Quebec
31 Agosto 2023 - 4:24PM
Management
of Sirios Resources Inc. (TSX-V: SOI)
is pleased to announce it is resuming exploration work in the Eeyou
Istchee James Bay region. The Sirios exploration team is currently
pursuing work on the Aquilon gold property in partnership with
Sumitomo Metal Mining Canada Ltd. (Sumitomo). Mapping and rock
sampling on a series of trenches; a property-wide soil geochemical
survey; a structural study; and borehole and drone geophysical
surveys will be undertaken in the coming weeks.
An airborne LiDAR survey was completed last June
over the entire property (67.4 km2). This survey is in addition to
large-scale geochemical till sampling, approximately 40-line km of
Induced Polarization (IP) ground geophysical survey, and twelve
mechanically excavated trenches completed last March.
The current exploration program is financed by
Sumitomo, with Sirios as operator. Sumitomo has the option to earn
an 80% interest in the Aquilon project by making an investment of
$14.8 million (ref. press release of 12/19/2022).
One-year extension to the validity of
mining claims in regions affected by forest
firesManagement of Sirios wishes to express its great
appreciation for the exceptional measure recently undertaken by the
Quebec Ministry of Natural Resources and Forestry, which adds 12
months to the current expiry date of an eligible claim. Eligible
claims are mainly those acquired before January 1, 2022 and located
in territories affected by extended forest access and circulation
bans due to forest fires (ref.:
https://mrnf.gouv.qc.ca/en/mines/mining-rights/directives-notices/notices-2023/).
This measure affects 876 claims held by Sirios covering 451 km2 in
Eeyou Istchee Baie James.
About the Aquilon ProjectThe
Aquilon gold property consists of 140 mineral claims covering an
area of 68 km2. It is located in Eeyou Istchee James Bay, Quebec,
10 km south of the Laforge-1 hydroelectric power station and is
easily accessible by all-season roads. To date, 32
gold showings have been discovered on the property.
Drill intercepts on the Aquilon project are among the highest gold
grades reported in Quebec (source: Sigeom), which
includes 12,906.5 g/t Au over 0.2
m (Lingo showing), 3,527.4 g/t Au over
0.4 m (Moman showing) and 133.67 g/t Au
over 0.8 m (Fleur-de-Lys showing) (ref. press
releases of 26/06/2008 and 19/01/2011). More
information is available on the recently updated Aquilon Project
web page at sirios.com/en/our-projects/aquilon.
Roger Moar, P.Geo. and Dominique Doucet, P.Eng. qualified
persons under NI 43-101 prepared and verified the technical
information in this press release and reviewed the final version of
the text.
About Sirios
Sirios Resources is a Canadian-based mining
exploration company focused on developing its portfolio of
high-potential gold and lithium properties in the Eeyou
Istchee James Bay region of Quebec.
Contact :Dominique Doucet, Eng.,
PresidentTel. : 514-510-7961info@sirios.comWebsite
: www.sirios.com
Cautionary Note Regarding Forward-Looking
StatementsThis press release contains “forward-looking
statements” within the meaning of applicable Canadian securities
laws based on expectations, estimates and projections as of the
date of this press release. Forward-looking statements involve
risks, uncertainties and other factors that could cause actual
events, results, performance, expectations and opportunities to
differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results
to differ materially from those indicated in such forward-looking
statements include, but are not limited to: capital and operating
costs that differ materially from estimates; the tentative nature
of metallurgical test results; delays or failures in obtaining
required governmental, environmental or other approvals;
uncertainties related to the availability and cost of necessary
financing in the future changes in financial markets; inflation;
fluctuations in metal prices; delays in project development; other
risks relating to the mineral exploration and development industry;
and risks disclosed in public filings of the Company on SEDAR at
www. sedar.com. Although the Company believes that the assumptions
and factors used in preparing the forward-looking statements
contained in this news release are reasonable, readers should not
place undue reliance on this information, which speaks only as of
the date of this news release, and there can be no assurance that
such events will occur or occur within the time periods presented.
The Company disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the Rules of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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