Update of Sirios’ activities in the Eeyou Istchee James Bay Region, Quebec
12 Junio 2023 - 8:00AM
The management of
Sirios Resources Inc.
(TSX-V: SOI) announces that the suspension of its
exploration activities initiated on June 4 in the Eeyou Istchee
James Bay region is continuing. This suspension will continue as
long as the restriction of access to the public forest is
maintained by the Government of Quebec in order to prevent new
fires. The management of Sirios wishes to indicate that they
greatly appreciate the efforts made by the various organizations
involved in the fight against the current forest fires as well as
the solidarity of aid and support to the local communities and
victims of this situation.
Before the halt of fieldwork, the Sirios
exploration team completed the following tasks on its Cheechoo gold
property:
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Collection of 10 composite samples, totaling 570 kg for
mineralogical studies and metallurgical recovery. These samples
came from drill core intervals and new channel samples targeting
representative areas with various tungsten grades previously
observed in tonalite or meta-sedimentary rocks. The objective of
these tests is to verify whether tungsten, in association with the
Cheechoo gold mineralization, could become a by-product of
interest, thereby increasing the value of the deposit. |
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Locating on the ground, using differential GPS, future sites for
exploration trenching to be carried out this summer east of the
Cheechoo gold deposit. |
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Collecting and shipping of a hundred drill core samples from
various intervals of previous drilling in order to test the new
Photon Assay analysis technique at the MSALABS laboratory in
Val-d'Or. |
About Cheechoo Property
The Cheechoo gold property is 100% owned by
Sirios and consists of 306 claims covering an area of 157 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 all-season roads. The
property hosts the Cheechoo gold deposit. Its most recent resource
estimate, based on an open pit constrained model, includes
an indicated resource of 1.4 million ounces of gold
contained in 46.3 million tonnes at an average grade of 0.94 g/t
Au, and an inferred resource of 0.5 million ounces of gold
contained in 21.1 million tonnes at an average grade of 0.73 g/t
Au with significant potential to increase this resource
(BBA, PLR Resources, P-L. Richard, P. Geo.; D. Evangelista, P.
Eng., K. Ford NI 43-101 Technical Report, Mineral Resource Estimate
Update for The Cheechoo Project, 12/23/2022).
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.
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.
Contact :Dominique Doucet, Eng.,
PresidentTel. : 514-510-7961ddoucet@sirios.comWebsite
: www.sirios.com
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