Sirios intersects 105.21 g/t Au over 1.0 m in the Eclipse area, Cheechoo property
05 Março 2024 - 2:58PM
Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF)
is pleased to report partial results from the first two holes
completed as part of the
diamond drilling program targeting
the high-grade Eclipse zone of the Cheechoo gold property.
Partial results of the first two drill
holes
- CH24-305: 105,21 g/t Au
over 1.0 m, included in 14.16 g/t Au over 6.4
m, from 251.5 to 257.9 m
- CH24-306: 24.42 g/t Au over
1.0 m, included in 3.89 g/t Au over 7.0
m, from 312.3 to 319.3 m
These two holes intersected the Eclipse zone at
the targeted depths, thus confirming its continuity at depth
(figure 1).
Considering the positive progress of the current
drilling program, Sirios’ management has decided to extend the
campaign to 2,000 metres.
Figure 1: Inclined longitudinal section
of the high-grade Eclipse gold zone
About the drilling program currently
underway at EclipseThe high-grade Eclipse area,
located west of the main area of the Cheechoo gold
deposit (Figure 2), is not included in the updated 2022
Mineral Resource Estimation (MRE), which outlined 1.4
Million Ounces of Gold (Indicated) and 500,000 Ounces of Gold
(Inferred) (BBA, Mineral Resource Estimate Update for the
Cheechoo Project, 20/07/2022). Sirios is currently conducting a
drilling program aimed at including Eclipse in the next update of
the MRE.
A detailed presentation about the
Eclipse high-grade gold area is available via the link
below:www.sirios.com/eclipse
Figure 2: Location of the Eclipse area in
the Cheechoo gold deposit
Drill hole CH24-305 was assayed from 230.5 to
280.0 m (end of hole) and hole CH24-306 was assayed from 285.4 to
337.0 m (end of hole). Results are pending for the remainder of the
samples from these drill holes.
Analytical quality controlThe drill core was
described and sampled by Sirios staff at the Cheechoo exploration
camp. The core was sawn into two halves, one sent to a certified
commercial laboratory for analysis, and the other retained for
future reference. Following a strict analytical quality assurance
and control program, blanks and certified reference materials were
integrated into the sampling sequence. Samples were assayed for
gold, on approximately 500g of crushed material, with the Photon
Assay™ method (PAAU02) at the MSALABS laboratory located in
Val-d'Or. Samples with the presence of visible gold were assayed
using the entire sample material with the Photon
Assay™ method.
The scientific and technical content of this
press release has been reviewed and approved by Dominique Doucet,
P.Eng., President and CEO of Sirios Resources Inc. and Jordi
Turcotte, P.Geo, qualified persons under National Instrument
43-101.
About the Cheechoo PropertyThe
Cheechoo gold property, 100% owned by Sirios, is located in Eeyou
Istchee James Bay in Quebec, 200 km east of Wemindji and less than
10 km from Newmont’s Eleonore gold mine. The property’s latest
resource update delineated, for an open pit model,
indicated resources of 1.4 million ounces of gold
contained in 46.3 million tonnes at an average grade of
0.94 g/t Au, as well as inferred resources
of 500,000 ounces of gold contained in 21.1 million tonnes
at a grade of 0.73 g/t Au (ref.: 12/06/2022 Press
Release).
About SiriosSirios Resources is
a Canadian mining exploration company focused on developing
its portfolio of high-potential gold properties in the
Eeyou Istchee James Bay region of Quebec.
Cautionary note regarding
forward-looking informationThis news release contains
“forward-looking information” within the meaning of applicable
Canadian securities legislation based on expectations, estimates
and projections as at the date of this news release.
Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, performance,
prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Factors
that could cause actual results to differ materially from such
forward-looking information include, but are not limited to,
capital and operating costs varying significantly from estimates;
the preliminary nature of metallurgical test results; delays in
obtaining or failures to obtain required governmental,
environmental or other project approvals; uncertainties relating to
the availability and costs of financing needed in the future;
changes in equity markets; inflation; fluctuations in commodity
prices; delays in the development of projects; the other risks
involved in the mineral exploration and development industry; and
those risks set out in the Company’s public documents filed on
SEDAR at www.sedar.com. Although the Company believes that the
assumptions and factors used in preparing the forward looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update or revise
any forward- looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
The estimate of Inferred Mineral Resources
mentioned in this press release conform to National Instrument
43-101 standards and was prepared by Pierre-Luc Richard, P. Geo.,
independent qualified person, as defined by NI 43-101 guidelines.
The effective date of the estimate is July 20, 2022. The
above-mentioned mineral resources are not mineral reserves as they
do not have demonstrated economic viability. The quantity and grade
of the reported Inferred Mineral Resources are conceptual in nature
and are estimated based on limited geological evidence and
sampling. Geological evidence is sufficient to imply but not verify
geological and grade or quality continuity.
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:
Dominique Doucet, P.Eng., President and Chief
Executive
Officer450-482-0603info@sirios.comWebsite: www.sirios.com
Figures accompanying this announcement are
available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/6bbe044d-711c-47b4-9ccd-aba6589c27d0
https://www.globenewswire.com/NewsRoom/AttachmentNg/04d93666-ff29-4416-8e9a-718c88d736a9
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