Sirios drills 2.97 g/t Au over 80.0 m, including 29.13 g/t Au over 5,9 m on its Cheechoo gold project, Quebec
16 Marzo 2022 - 7:00AM
The management of
Sirios Resources Inc. (TSX-V:
SOI) is pleased to report the release of the final set of
assay results from the drilling program completed in September 2021
on the Cheechoo gold property, at Eeyou Istchee Baie-James in
Quebec. Throughout the program,
numerous high-grade gold
intervals were intersected, within a large gold envelope
showing excellent continuity.
The most significant results from the 6 holes,
totaling 1,256 meters, announced today are listed below:
- 2.97 g/t Au over 80.0
m, including 29.13 g/t Au over 5.9 m (CH21-295)
- 1.17 g/t Au over 18.5
m (CH21-295)
- 3.87 g/t Au over 16.0
m, including 23.51 g/t Au over 2.3 m (CH21-296)
- 0.85 g/t Au over 50.4
m (CH21-291)
- 0.72 g/t Au over 35.0
m (CH21-291)
- 1.05 g/t Au over 34.0
m, including 2.51 g/t Au over 11.0 m (CH21-294)
- 0.80 g/t Au over 35.1
m (CH21-293)
The main objective of the 2021 drilling program,
which included 32 holes totaling 6,836 meters (Figure 1), was to
reduce the drill mesh to 50 meters inside the 2020 conceptual pit
shell in order to allow the conversion of a portion of the
deposit's inferred resources to indicated resources in the next
resource estimate update.
Figure 1: Cheechoo’s summer 2021 drill holes location. Holes
CH21-276, CH21-277 and CH21-278 are located off the map, more than
2 km north of the deposit and did not return significant
results: https://www.globenewswire.com/NewsRoom/AttachmentNg/43c839d0-e700-4211-afee-1faa76de2e53
Program Highlights
- The 2021 drilling program produced
several high-grade intervals within a broad, continuous
lower-grade envelope. The continuity of gold
mineralization has therefore been confirmed in the central part of
the 2020 conceptual pit as well as in the area of the northeast
contact of the tonalite with the meta-sedimentary rocks.
- Hole CH21-268 demonstrated the
presence of gold mineralization to a vertical depth of more
than 500 meters at the tonalite / meta-sediment contact,
highlighting the potential to expand the deposit at depth.
- Drill hole CH21-269 confirmed the
existence of a new gold bearing zone in a geological
context little explored until now, namely in the
meta-sediments outside the Cheechoo deposit (ref. press release
dated 14/12/2021). This area will require follow-up in the next
drilling program.
After review of the full program results,
Dominique Doucet, President and CEO of Sirios, said: “These drill
holes show how continuous the gold mineralization is within the
conceptual pit. This grade continuity is one of the main assets of
the Cheechoo deposit, with its low strip ratio, excellent
metallurgical recovery and proximity to infrastructure including
road and hydroelectric networks. I am therefore very satisfied with
all of the 2021 drill results, which confirm our model and increase
our confidence in the gold resources of the Cheechoo property. We
will now be able to move forward with updating the project's
resource estimate.”
Today's results are in addition to those
previously announced, of which the following are highlights:
- 3.46 g/t Au over 31.7
m, including 6.50 g/t Au over 6.6 m (CH21-279)
- 7.69 g/t Au over 9.9
m, including 68.84 g/t Au over 1.0 m (CH21-280)
- 6.18 g/t Au over 11.4
m, including 46.04 g/t Au over 1.0 m (CH21-280)
- 7.07 g/t Au over 9.0
m, including 50.40 g/t Au over 1.1 m (CH21-288)
- 3.17 g/t Au over 17.4
m, including 16.74 g/t Au over 2.9 m (CH21-290)
- 0.85 g/t Au over 57.7
m (CH21-290)
- 0.78 g/t Au over 38.5
m (CH21-289)
|
Reported2022/03/01 |
- 2.83 g/t Au over 55.0
m, including 97.56 g/t Au over 1.1 m (CH21-285)
- 2.95 g/t Au over 28.9
m, including 72.36 g/t Au over 1.0 m (CH21-283)
- 4.12 g/t Au over 12.5
m, including 45.54 g/t Au over 1.0 m (CH21-284)
- 1.76 g/t Au over 23.8
m (CH21-051E)
- 2.65 g/t Au over 11.7
m, including 27.35 g/t Au over 1.0 m (CH21-283)
|
Reported2022/02/09 |
- 4.90 g/t Au over 22.0
m, including 71.69 g/t Au over 1.0 m (CH21-RC-02)
- 2.36 g/t Au over 22.5
m, including 16.06 g/t Au over 2.5 m (CH21-274)
- 0.68 g/t Au over 6.5
m, new zone (CH21-269)
|
Reported2021/12/14 |
The complete 2021 significant assay intervals
are presented in the appendix (table 1).
Next steps
In the coming weeks, the Cheechoo deposit model
will be updated with results from the 2021 drilling program as well
as the 1 kg reassay program. Once this data has been compiled,
the update of the Cheechoo project resource
estimate will begin. One of the main objectives of this
estimate will be the conversion of inferred resources into
indicated resources. This conversion could significantly
improve the quality of the preliminary economic study (“PEA”) that
will be carried out subsequently.
Assay Quality Control
All NQ drill core is logged by Sirios’ personnel
at the Cheechoo exploration camp. The drill core is then sent to
Rouyn-Noranda to be sawed in half, with one half sent to a
commercial laboratory for assaying and other half kept for future
reference. A strict QA/QC program is in place by integrating blanks
and certified reference standards to the core sample sequence. The
samples are assayed for gold by fire assay with an atomic
absorption finish by Actlabs. Samples assaying greater than 0.2 g/t
Au as well as drill core samples with visible gold are assayed by
fire assay with metallic sieve on a 1-kg sample. Special certified
reference standards (Assay Pills) were used to ensure adequate
quality control of gold assays on 1-kg of material.
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. senior geologist, both qualified persons under
National Instrument 43-101.
About the Cheechoo Property
The Cheechoo gold property, wholly-owned by
Sirios, is located in Eeyou Istchee James Bay, Quebec, less than 9
km from Newmont’s Eleonore gold mine. The latest resource estimate
for the Cheechoo project (October 2020) estimated an
inferred resource of 2.0 million ounces of gold contained
in 93.0 million tonnes of rock at an average grade of 0.65 g/t
Au, with significant potential to increase this resource
(BBA, P-L. Richard, P. Geo.; J. Torrealba, P. Eng.; D. Evangelista,
P. Eng., NI 43-101 Technical Report, Mineral Resource Estimate
Update for The Cheechoo Project, 31/10/2020).
About Sirios
A pioneer in the discovery of significant gold
deposits in Eeyou Istchee James Bay, Quebec, Canada, Sirios
Resources Inc. is focusing primarily on its Cheechoo gold
discovery, while actively exploring the gold potential of its other
properties.
Contact :Dominique Doucet, President, CEO,
Eng.Tel.: (514) 918-2867ddoucet@sirios.comwebsite
: www.sirios.com
Cautionary Note Regarding
Forward-Looking Statements
This 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.
APPENDIX
TABLE 12021 CHEECHOO
SIGNIFICANT ASSAY INTERVALS
|
Drill Hole CH21- |
From (m) |
To (m) |
Length* (m) |
Au (g/t) |
Reported |
|
051E** |
218.2 |
242.0 |
23.8 |
1.76 |
2022/02/09 |
|
incl. 219.4 |
221.5 |
2.1 |
6.06 |
2022/02/09 |
|
incl. 235.0 |
236.6 |
1.6 |
13.81 |
2022/02/09 |
|
251.0 |
263.0 |
12.0 |
0.44 |
2022/02/09 |
|
268 |
277.9 |
287.5 |
9.6 |
0.69 |
2021/12/14 |
|
314.1 |
333.1 |
19.0 |
0.32 |
2021/12/14 |
|
381.8 |
397.7 |
15.9 |
1.00 |
2021/12/14 |
|
451.8 |
481.5 |
29.7 |
0.30 |
2021/12/14 |
|
584.5 |
587.5 |
3.0 |
3.35 |
2021/12/14 |
|
640.0 |
661.5 |
21.5 |
0.62 |
2021/12/14 |
|
669.0 |
691.2 |
22.2 |
0.63 |
2021/12/14 |
|
694.9 |
710.9 |
16.0 |
0.41 |
2021/12/14 |
|
269New zone |
97.0 |
98.5 |
1.5 |
13.36 |
2021/12/14 |
|
113.5 |
120.0 |
6.5 |
0.68 |
2021/12/14 |
|
271 |
6.0 |
29.7 |
23.7 |
0.59 |
2021/12/14 |
|
272 |
8.0 |
11.0 |
3.0 |
1.94 |
2021/12/14 |
|
21.0 |
35.5 |
14.5 |
0.76 |
2021/12/14 |
|
57.5 |
73.5 |
16.0 |
0.64 |
2021/12/14 |
|
121.5 |
130.0 |
8.5 |
0.64 |
2021/12/14 |
|
273 |
40.0 |
80.0 |
40.0 |
0.47 |
2021/12/14 |
|
274 |
3.4 |
6.5 |
3.1 |
2.37 |
2021/12/14 |
|
86.1 |
112.0 |
25.9 |
0.71 |
2021/12/14 |
|
125.4 |
145.8 |
20.4 |
0.67 |
2021/12/14 |
|
149.3 |
161.3 |
12.0 |
0.73 |
2021/12/14 |
|
165.5 |
188.0 |
22.5 |
2.36 |
2021/12/14 |
|
incl. 173.4 |
175.9 |
2.5 |
16.06 |
2021/12/14 |
|
275 |
11.2 |
20.3 |
9.1 |
0.91 |
2022/02/09 |
|
279 |
11.2 |
42.9 |
31.7 |
3.46 |
2022/03/01 |
|
incl. 19.1 |
25.7 |
6.6 |
6.50 |
2022/03/01 |
|
incl. 19.1 |
20.1 |
1.0 |
28.76 |
2022/03/01 |
|
incl. 30.0 |
31.5 |
1.5 |
33.38 |
2022/03/01 |
|
280 |
16.9 |
28.3 |
11.4 |
6.18 |
2022/03/01 |
|
incl. 23.1 |
24.1 |
1.0 |
19.23 |
2022/03/01 |
|
incl. 26.3 |
27.3 |
1.0 |
46.04 |
2022/03/01 |
|
31.4 |
41.3 |
9.9 |
7.69 |
2022/03/01 |
|
incl. 34.4 |
35.4 |
1.0 |
68.84 |
2022/03/01 |
|
64.1 |
69.8 |
5.7 |
2.62 |
2022/03/01 |
|
incl. 67.5 |
68.5 |
1.0 |
13.12 |
2022/03/01 |
|
281 |
99.0 |
113.2 |
14.2 |
1.30 |
2022/02/09 |
|
incl. 104.0 |
105.1 |
1.1 |
11.42 |
2022/02/09 |
|
282 |
38.1 |
74.5 |
36.4 |
0.48 |
2022/02/09 |
|
106.6 |
122.0 |
15.4 |
1.82 |
2022/02/09 |
|
incl. 114.6 |
118.6 |
4.0 |
6.26 |
2022/02/09 |
|
136.8 |
155.5 |
18.7 |
1.50 |
2022/02/09 |
|
176.5 |
187.4 |
10.9 |
0.77 |
2022/02/09 |
|
241.4 |
278.0 |
36.6 |
0.57 |
2022/02/09 |
|
incl. 263.0 |
272.0 |
9.0 |
1.36 |
2022/02/09 |
|
303.0 |
312.0 |
9.0 |
0.95 |
2022/02/09 |
|
340.5 |
349.1 |
8.6 |
0.89 |
2022/02/09 |
|
283 |
8.0 |
47.0 |
39.0 |
0.72 |
2022/02/09 |
|
incl. 25.1 |
26.6 |
1.5 |
6.59 |
2022/02/09 |
|
61.3 |
73.0 |
11.7 |
2.65 |
2022/02/09 |
|
63.3 |
64.3 |
1.0 |
27.35 |
2022/02/09 |
|
88.1 |
117.0 |
28.9 |
2.95 |
2022/02/09 |
|
104.8 |
105.8 |
1.0 |
72.36 |
2022/02/09 |
|
155.0 |
161.0 |
6.0 |
2.36 |
2022/02/09 |
|
incl. 160.0 |
161.0 |
1.0 |
12.45 |
2022/02/09 |
|
237.9 |
253.0 |
15.1 |
0.37 |
2022/02/09 |
|
284 |
29.5 |
37.4 |
7.9 |
2.08 |
2022/02/09 |
|
incl. 35.1 |
36.4 |
1.3 |
9.27 |
2022/02/09 |
|
47.5 |
78.0 |
30.5 |
0.64 |
2022/02/09 |
|
96.0 |
105.0 |
9.0 |
0.66 |
2022/02/09 |
|
109.4 |
115.0 |
5.6 |
3.59 |
2022/02/09 |
|
incl. 111.4 |
112.4 |
1.0 |
16.93 |
2022/02/09 |
|
178.0 |
190.5 |
12.5 |
4.12 |
2022/02/09 |
|
incl. 179.5 |
180.5 |
1.0 |
45.54 |
2022/02/09 |
|
285 |
73.0 |
85.5 |
12.5 |
1.31 |
2022/02/09 |
|
incl. 73.0 |
74.0 |
1.0 |
12.65 |
2022/02/09 |
|
102.0 |
157.0 |
55.0 |
2.83 |
2022/02/09 |
|
incl. 110.0 |
111.0 |
1.0 |
5.73 |
2022/02/09 |
|
incl. 116.3 |
117.4 |
1.1 |
97.56 |
2022/02/09 |
|
incl. 129.6 |
130.6 |
1.0 |
8.14 |
2022/02/09 |
|
163.0 |
176.0 |
13.0 |
1.26 |
2022/02/09 |
|
286 |
76.1 |
82.5 |
6.4 |
1.78 |
2022/03/01 |
|
106.0 |
131.4 |
25.4 |
0.87 |
2022/03/01 |
|
incl. 112.0 |
115.0 |
3.0 |
3.76 |
2022/03/01 |
|
287 |
79.0 |
91.0 |
12.0 |
0.63 |
2022/02/09 |
|
146.5 |
160.0 |
13.5 |
0.60 |
2022/02/09 |
|
177.1 |
179.1 |
2.0 |
17.01 |
2022/02/09 |
|
239.0 |
246.5 |
7.5 |
0.69 |
2022/02/09 |
|
252.0 |
261.0 |
9.0 |
3.06 |
2022/02/09 |
|
incl. 258.0 |
259.5 |
1.5 |
14.48 |
2022/02/09 |
|
335.0 |
338.0 |
3.0 |
2.26 |
2022/02/09 |
|
288 |
7.6 |
47.0 |
39.4 |
0.43 |
2022/03/01 |
|
178.0 |
187.0 |
9.0 |
0.66 |
2022/03/01 |
|
191.5 |
217.5 |
26.0 |
0.38 |
2022/03/01 |
|
232.0 |
241.0 |
9.0 |
7.07 |
2022/03/01 |
|
incl. 234.1 |
235.2 |
1.1 |
50.40 |
2022/03/01 |
|
267.5 |
275.0 |
7.5 |
3.30 |
2022/03/01 |
|
incl. 269.5 |
270.8 |
1.3 |
11.13 |
2022/03/01 |
|
279.5 |
288.1 |
8.6 |
0.68 |
2022/03/01 |
|
291.7 |
306.0 |
14.3 |
1.18 |
2022/03/01 |
|
incl. 299.0 |
300.5 |
1.5 |
6.85 |
2022/03/01 |
|
289 |
29.7 |
44.4 |
14.7 |
0.44 |
2022/03/01 |
|
59.0 |
97.5 |
38.5 |
0.78 |
2022/03/01 |
|
incl. 76.3 |
77.3 |
1.0 |
9.65 |
2022/03/01 |
|
103.5 |
120.0 |
16.5 |
0.40 |
2022/03/01 |
|
174.8 |
184.5 |
9.7 |
0.52 |
2022/03/01 |
|
200.5 |
223.2 |
22.7 |
0.75 |
2022/03/01 |
|
incl. 217.2 |
223.2 |
6.0 |
1.12 |
2022/03/01 |
|
290 |
7.0 |
17.0 |
10.0 |
0.60 |
2022/03/01 |
|
28.8 |
77.2 |
48.4 |
0.47 |
2022/03/01 |
|
104.7 |
112.8 |
8.1 |
0.62 |
2022/03/01 |
|
116.8 |
174.5 |
57.7 |
0.85 |
2022/03/01 |
|
incl. 133.3 |
137.3 |
4.0 |
6.20 |
2022/03/01 |
|
incl. 135.3 |
136.3 |
1.0 |
20.00 |
2022/03/01 |
|
179.0 |
194.7 |
15.7 |
0.67 |
2022/03/01 |
|
200.1 |
217.5 |
17.4 |
3.17 |
2022/03/01 |
|
incl. 201.1 |
204.0 |
2.9 |
16.74 |
2022/03/01 |
|
291 |
18.0 |
47.3 |
29.3 |
0.53 |
2022/03/16 |
|
incl. 18.0 |
24.8 |
6.8 |
1.31 |
2022/03/16 |
|
56.1 |
66.8 |
10.7 |
0.52 |
2022/03/16 |
|
72.1 |
87.4 |
15.3 |
0.61 |
2022/03/16 |
|
incl. 76.0 |
81.3 |
5.3 |
1.17 |
2022/03/16 |
|
142.5 |
192.9 |
50.4 |
0.85 |
2022/03/16 |
|
incl. 160.0 |
161.5 |
1.5 |
14.70 |
2022/03/16 |
|
216.0 |
251.0 |
35.0 |
0.72 |
2022/03/16 |
|
292 |
36.0 |
62.4 |
26.4 |
0.56 |
2022/03/16 |
|
125.0 |
140.1 |
15.1 |
0.85 |
2022/03/16 |
|
143.5 |
159.4 |
15.9 |
0.73 |
2022/03/16 |
|
293 |
74.2 |
88.7 |
14.5 |
0.40 |
2022/03/16 |
|
110.4 |
133.4 |
23.0 |
0.42 |
2022/03/16 |
|
146.9 |
182.0 |
35.1 |
0.80 |
2022/03/16 |
|
incl. 165.0 |
166.1 |
1.1 |
6.45 |
2022/03/16 |
|
294 |
6.0 |
49.5 |
43.5 |
0.38 |
2022/03/16 |
|
94.0 |
128.0 |
34.0 |
1.05 |
2022/03/16 |
|
incl. 102.0 |
113.0 |
11.0 |
2.51 |
2022/03/16 |
|
295 |
13.5 |
32.8 |
19.3 |
0.39 |
2022/03/16 |
|
85.0 |
110.6 |
25.6 |
0.36 |
2022/03/16 |
|
116.5 |
196.5 |
80.0 |
2.97 |
2022/03/16 |
|
incl. 143.0 |
144.5 |
1.5 |
7.84 |
2022/03/16 |
|
incl. 161.0 |
166.9 |
5.9 |
29.13 |
2022/03/16 |
|
incl. 175.0 |
176.5 |
1.5 |
7.07 |
2022/03/16 |
|
200.3 |
214.5 |
14.2 |
0.36 |
2022/03/16 |
|
221.5 |
240.0 |
18.5 |
1.17 |
2022/03/16 |
|
incl. 232.1 |
233.2 |
1.1 |
6.96 |
2022/03/16 |
|
296 |
4.5 |
13.5 |
9.0 |
1.53 |
2022/03/16 |
|
incl. 6.0 |
7.5 |
1.5 |
6.45 |
2022/03/16 |
|
18.0 |
30.8 |
12.8 |
1.06 |
2022/03/16 |
|
48.8 |
69.0 |
20.2 |
0.61 |
2022/03/16 |
|
74.7 |
109.0 |
34.3 |
0.58 |
2022/03/16 |
|
116.5 |
131.6 |
15.1 |
0.40 |
2022/03/16 |
|
136.0 |
152.8 |
16.8 |
0.38 |
2022/03/16 |
|
181.5 |
197.5 |
16.0 |
3.87 |
2022/03/16 |
|
incl. 189.2 |
191.5 |
2.3 |
23.51 |
2022/03/16 |
|
RC-01 |
48.0 |
57.0 |
9.0 |
1.50 |
2021/12/14 |
|
72.0 |
76.0 |
4.0 |
2.73 |
2021/12/14 |
|
RC-02 |
91.0 |
113.0 |
22.0 |
4.90 |
2021/12/14 |
|
incl. 105.0 |
113.0 |
8.0 |
11.45 |
2021/12/14 |
|
incl. 105.0 |
106.0 |
1.0 |
71.69 |
2021/12/14 |
|
* |
Length of core along hole, not true width. |
| ** |
Extension of hole CH16-051 (from
201m). |
| |
Intervals greater than 0.25 g/t
Au with a maximum of 3 consecutive metres of waste rock. |
| |
Any drill intervals not depicted
in this table did not meet the significant interval criteria. |
A table of drill collar coordinates is available at the
following link: www.sirios.com/bd-coordinates-drilled-20220316.
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