Update on Sirios’ Summer 2022 activities
14 Junio 2022 - 8:00AM
The management of
Sirios Resources Inc. (TSX-V:
SOI) is pleased to announce an update on the work
currently in progress on its two main projects, the Cheechoo and
Aquilon gold properties.
CHEECHOO:
The update of the Cheechoo geological
model including the latest drilling results has been
completed. The mandate to update the mineral resource estimate will
therefore soon be awarded to an engineering firm.
A construction team is currently onsite at the
Cheechoo camp to improve the camp infrastructure.
These upgrades will increase the accommodation capacity of the
camp, thereby allowing to scale-up future exploration and
development activities.
Another construction team is also onsite to
improve the Cheechoo access road, which will
increase the efficiency and speed of logistics for coming
exploration and development programs.
Prospecting work will be
carried out during the months of June and July 2022 in the area to
the east of the 2020 conceptual pit in order to extend the
new gold zone which had been intersected in the
meta-sedimentary rocks during the summer 2021 drilling
campaign (ref. press release of 14/12/2021). The meta-sedimentary
rocks surrounding the Cheechoo deposit remain a mostly unexplored
geological unit to date and will therefore be targeted as a
priority this summer.
Finally, typical samples of the Cheechoo gold
mineralization will be taken in order to carry out new
metallurgical tests in order to determine the optimal
treatment process for the Cheechoo deposit.
AQUILON:
A team of geologists from Sirios is currently
onsite on the Aquilon property in order to proceed with the
complete and standardized description (“relogging”) of Aquilon’s
historic drill cores. The information resulting from this
relogging program will allow new
modeling to be carried out based on the new structural
data collected in September 2021. This update of the geological
modeling of the Aquilon property represents one of the first stages
of a systematic exploration program extending
until 2024.
About the Cheechoo Property
The Cheechoo gold property is 100% owned by
Sirios and consists of 225 claims covering an area of 118 km2,
divided into three non-contiguous blocks. It is located in Eeyou
Istchee James Bay, Quebec, less than 9 km from Newmont’s Eleonore
gold mine and is easily accessible by road in all seasons. The
project's latest resource estimate (October 2020) delineated
inferred resources of 2.0 million ounces of gold contained
in 93.0 million tonnes at 0.65 g/t Au, with significant
potential to increase in 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 the Aquilon property
The Aquilon gold property is 100% owned by
Sirios and consists of 140 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
road in all seasons. To date, 32 gold showings have been discovered
on the property. Some drill intersections on the Aquilon project
are among the highest grades obtained in Quebec, including
12,906.5 g/t Au over 0.20 m (Lingo showing),
3,527.4 g/t Au over 0.40 m (Moman showing) and
133.67 g/t Au over 0.82 m (Fleur-de-Lys showing)
(ref. press releases of 26/06/2008 and 19/01/2011).
The scientific and technical content of this
press release has been reviewed and approved by Roger Moar, P.Geo.
and Dominique Doucet, P.Eng., both qualified persons under National
Instrument 43-101.
About Sirios
A pioneer in the discovery of significant gold
deposits in Eeyou Istchee James Bay in Quebec, Canada, Sirios
Resources inc. is focused primarily on its Cheechoo gold discovery
while actively exploring the high gold potential of its other
properties.
Contact :Dominique Doucet, P.Eng.,
President, CEOTel.: (514) 918-2867ddoucet@sirios.com
website : 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.
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