Sirios Extends the Eclipse Zone 400 Metres Downdip and it Remains Completely Open
17 Abril 2024 - 2:45PM
Sirios Resources Inc. (“Sirios” or the “Company”)
(TSX-V: SOI; OTCQB: SIREF) is pleased to provide
the final analytical results from the 3,200 metre winter 2024
drilling program in the Eclipse Area of the Cheechoo gold project
located in Eeyou Istchee James Bay, Quebec. The drill program
successfully
confirmed the continuity of the Eclipse Zone,
significantly extended the zone at depth and intersected gold in
new areas outside the main Eclipse Zone.
Drill Result Highlights:
- 105.21 g/t Au over 0.8
m, included in 14.16 g/t Au over 6.4 m
(CH24-305)
- 24.42 g/t Au over 1.0
m, included in 3.89 g/t Au over 7.0 m
(CH24-306)
- 12.82 g/t Au over 0.8
m (CH24-311)*
- 28.47 g/t Au over 1.0
m (CH24-313)*
- 10.64 g/t Au over 1.5
m (CH24-314)*
- 4.05 g/t Au over 3.8
m (CH24-314)
- 47.65 g/t Au over 0.9
m, included in 4.48 g/t Au over 10.5 m
(CH24-316)
*Outside the main Eclipse Zone
All drill holes intersected the Eclipse
Zone, confirming its excellent continuity (Figure 1). The
program extended the mineralized zone to more than 400
meters downdip to the north and nearly 120 meters
laterally (Figure 2). The winter 2024 drilling program
also intersected several high-grade gold intervals outside
of the main Eclipse Zone, which suggests the possible
presence of other high-grade subparallel zones (“stacked
zones”).
“We are very pleased with the results obtained
in this drill campaign. The high-grade nature of the Eclipse Zone,
its excellent continuity, its dip angle and the fact that
mineralization begins at surface are all favorable characteristics
for potential underground mining development. Sirios will therefore
be able to assess the mining potential of this zone for development
using a ramp,” commented Dominique Doucet, CEO of Sirios.
Figure 1: Vertical section of the high-grade
Eclipse Gold Zone. See the location of this section in Figure
3.
Figure 2: Inclined longitudinal section of the
high-grade Eclipse Gold Zone.
TABLE 1: MAIN RESULTS
Drill Hole CH24- |
From (m) |
To (m) |
Au (g/t) |
Length (m) |
|
305 |
134.0 |
135.5 |
4.59 |
1.5 |
|
251.5 |
257.9 |
14.16 |
6.4 |
* |
Incl. 256.2 |
257.9 |
51.41 |
1.7 |
* |
Incl. 256.2 |
257.0 |
105.21 |
0.8 |
* |
306 |
312.3 |
319.3 |
3.89 |
7.0 |
* |
Incl. 316.3 |
317.3 |
24.42 |
1.0 |
* |
307 |
79.6 |
80.6 |
4.40 |
1.0 |
* |
308 |
51.0 |
52.5 |
0.98 |
1.5 |
* |
309 |
41.0 |
42.5 |
1.41 |
1.5 |
* |
310 |
105.0 |
106.5 |
1.89 |
1.5 |
|
372.8 |
373.8 |
0.99 |
1.0 |
* |
311 |
146.2 |
149.9 |
2.52 |
3.7 |
|
202.6 |
203.4 |
12.82 |
0.8 |
|
226.0 |
233.5 |
1.13 |
7.5 |
|
268.5 |
274.4 |
0.52 |
5.9 |
* |
312 |
336.3 |
350.4 |
0.80 |
14.1 |
|
337.4 |
344.0 |
1.22 |
6.6 |
* |
313 |
40.7 |
41.7 |
28.47 |
1.0 |
|
276.5 |
295.8 |
0.73 |
19.3 |
* |
Incl. 282.0 |
283.0 |
0.99 |
1.0 |
* |
314 |
95.5 |
97.0 |
10.64 |
1.5 |
|
109.0 |
110.0 |
4.25 |
1.0 |
|
233.5 |
237.3 |
4.05 |
3.8 |
* |
315 |
244.4 |
246.3 |
2.39 |
1.9 |
* |
Incl. 244.4 |
245.4 |
4.19 |
1.0 |
* |
316 |
231.0 |
232.0 |
6.16 |
1.0 |
|
304.5 |
315.0 |
4.48 |
10.5 |
* |
Incl. 304.5 |
311.0 |
6.92 |
6.5 |
* |
Incl. 305.6 |
306.5 |
47.65 |
0.9 |
* |
* Eclipse Zone.Interval lengths are measured
along the holes and do not necessarily equate to true
thickness.Table of drill holes coordinates is available at:
www.sirios.com/bd-coordinates-drilled-20240417
About the Eclipse AreaA large
volume resource of 1.4 million ounces of gold (Indicated)
and 500,000 ounces of gold (Inferred) has already been
delineated in the main area of the Cheechoo deposit (Figure 3). The
Eclipse area includes a high-grade gold zone that
has not been included in the current resource. For more
information, see the Eclipse Area Presentation.
Figure 3: Location of the Eclipse area in the
Cheechoo gold deposit.
About the Cheechoo PropertyThe
Cheechoo Gold property, 100% owned by Sirios, is located in Eeyou
Istchee James Bay, Quebec, 200 km east of Wemindji and less than 10
km from Newmont’s Éléonore 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.: press release of 06/12/2022).
About SiriosSirios Resources is
a Quebec-based mineral exploration company focused on
developing its portfolio of high-potential gold properties
in Eeyou Istchee James Bay, Canada.
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.
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
CEO450-482-0603info@sirios.comWebsite:
www.sirios.com
Figures accompanying this announcement are
available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/442a1265-f598-47fd-bf86-1d177a323b91
https://www.globenewswire.com/NewsRoom/AttachmentNg/fb886352-1e10-4b01-bb0e-c00cf9ec3f48
https://www.globenewswire.com/NewsRoom/AttachmentNg/a754718f-80d1-4eb1-b1c4-425648d7ce20
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