Sirios Resources Inc.

Published : February 08th, 2018

Sirios confirms auriferous mineralization for 1,400 m along the tonalite/metasediment contact at CHEECHOO

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Sirios confirms auriferous mineralization for 1,400 m along the tonalite/metasediment contact at CHEECHOO

MONTREAL, QUEBEC--(Marketwired - Feb 8, 2018) - The management of SIRIOS (TSX VENTURE:SOI) is pleased to announce assay results for six drill holes and channel sampling completed in 2017 on the main stripped area and on trench 6-9. These results confirm the continuity of the auriferous mineralization along the tonalite/meta-sediments contact for a distance of greater than 1,400 metres.

Six drill holes (#113 and #115 to 119) as well as channel sampling on trench 6-9 and on the main stripped area have all intersected auriferous mineralization along the tonalite/meta-sediment contact. Based on previously completed drill holes and new channel sampling, it has been confirmed that the tonalite contact is gold bearing starting from drill hole #118 and continuing over a length of approximately 800 m following the curve of the contact toward the southeast, extending southwest of the main stripped area. In addition to these 800 metres, another 600 meters of mineralized strike length is added to the northwest of drill hole #118 with gold bearing intervals intersected along the north contact in previous drill holes and within the November trench. The gold bearing zone can be traced along the contact for a distance of over 1,400 meters and remains open along strike and at depth. In addition, the gold distribution is not restricted to this contact zone, since numerous other mineralized zones were and continue to be intersected by drill holes located within the tonalite.

The six drill holes were completed between the main stripped area and trench 6-9, targeting the area where the first discoveries were made on surface, notably in trench 2-2 (press release October 3, 2017). Significant results of these six new drill holes are listed in the table below.

SIGNIFICANT ASSAY RESULTS OF DRILL HOLES #113 AND 115 TO 119

CHEECHOO PROJECT - FALL CAMPAIGN 2017

Drill hole
CH-17-
From To Width* Au
average (g/t)
113 4.8 24.1 19.3 0.7
62.9 97.0 34.1 0.4
115 3.4 15.0 11.6 0.6
47.2 86.3 39.1 0.9
116 3.4 20.3 16.9 0.7
29.5 70.0 40.5 0.7
117 27.5 43 15.5 0.9
118 61.5 99.1 37.6 1.0
63.4 63.9 0.5 34.3
119 7.3 72.2 64.9 **1.1
incl. 7.3 7.9 0.6 90.6

*: Interval along the hole, true width not known

**: Average grade of the interval with high-grade assays cut at 50 g/t m.

The 8,000-metres, winter 2018 diamond drilling program is continuing as planned with two rigs. Several of the current drill holes are targeting specifically along the contact with the goal of defining the continuity of the auriferous mineralization.

A table detailing the assay results described in the table above is available on the company's website using the following link:

http://sirios.com/files/Detail-composite-180208.pdf

Location maps of drill holes and trenches, as well as a table of drill holes coordinates are available using the following links:

http://www.sirios.com/images/Results_close_up_map.pdf

http://www.sirios.com/images/2016-2017_Channel_sampling.pdf

http://sirios.com/files/BD_Coordinates-Drilled.pdf

Surface channel sampling

On the main stripped area, channel sampling totalling 1,992 linear metres, over an area of approximately 10,000 m2 resulted in a weighted average grade of 0.4 g/t Au. This also includes an area of approximately 8,500 m2 along the tonalite/meta-sediments contact with a weighted average grade of 0.5 g/t Au.

Trench 6-9, covering an area of approximately 334 m2, was sampled with a total of 177 linear metres of channel sampling, including 157 linear meters within the tonalite. The channel samples in the tonalite, representing an area of approximately 298 m2, resulted in a weighted average of 0.6 g/t Au.

Additional channel samples were taken on the November trench, adding to the ones previously collected in 2016. The cumulative total length of these channel samples is now 36.1 metres and resulted in a channel sample length of 26.1 m grading 1.4 g/t Au.

Sirios' 100% owned Cheechoo property is located in the Eeyou Istchee James Bay region of Quebec, approximately 800 km north of Montreal, 200 km east of Wemindji and less than 10 km from Goldcorp's Éléonore gold mine.

Assay quality control

All NQ drill core was described by Sirios personnel at the Cheechoo exploration camp. The drill core was 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 was followed by integrating blanks and certified reference standards to the core sample sequence. The samples were assayed for gold by fire assay with an atomic absorption finish by Actlabs in Ste-Germaine-Boulé. Samples assaying greater than 2 g/t Au as well as drill core samples with visible gold were assayed by fire assay with metallic sieve based on a 1 kg sample.

Jordi Turcotte, MSc., Geo., Qualified Person pursuant to National Instrument 43-101, has prepared and verified the technical information of this press release, as well as reviewing the final text.

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.

Read the rest of the article at https:
Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All

Sirios Resources Inc.

EXPLORATION STAGE
CODE : SOI.V
ISIN : CA8299085081
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Sirios Res. is a gold exploration company based in Canada.

Sirios Res. holds various exploration projects in Canada.

Its main exploration properties are TILLY, CHEECHOO, KUKAMES, MURDOCH, OPINACA NORTH, PONTAX, SHARKS, AQUILON EXTENSION, ESCALE and AQUILON in Canada.

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Corporate Presentations of Sirios Resources Inc.
2/6/2013Corporate presentation
Financings of Sirios Resources Inc.
9/23/2013Announcement of a $400,000 Financing
7/4/2013Closing of Private Placement for $88,000
6/26/2013Private Placement Announcement of $100,000
5/29/2013Second Closing of Private Placement for $151,780
5/16/2013First Closing of Private Placement for $267,180
6/23/2011Private Placement Totals $1,833,600
6/13/2011Increase of Private Placement Financing Up to $2,290,000
5/5/2011Private Placement Totals $829,260
4/8/2011Private Placement in Progress
Nominations of Sirios Resources Inc.
4/14/2015Didier Mekki Appointed to Sirios Board of Directors
3/30/2011Resignation of a Director
Project news of Sirios Resources Inc.
9/14/2016Sirios Completes the Acquisition of Aquilon Property
12/8/2014(Cheechoo)Two gold zones on CHEECHOO: 7.24 g/t Au over 7.9 m and 1.53g...
10/31/2013(Cheechoo)Updates on the Cheechoo Gold Project Drilling Campaign, Jame...
10/22/2013(Cheechoo)Updates on the Ongoing Drilling Campaign on the Gold Cheecho...
10/15/2013(Cheechoo)Visible Gold Observed in the First Drill Hole of The Ongoing...
9/4/2013(Cheechoo)Visible Gold Detected in Drill Core Samples from the Cheecho...
8/21/2013(Cheechoo)Technical Report Filed and Updates on the Cheechoo Gold Prop...
6/19/2013Sirios Plans on Acquiring 100% of the Cheechoo Gold Project,...
6/19/2013(Cheechoo)Plans on Acquiring 100% of the Cheechoo Gold Project, James ...
4/9/2013Sirios Increases its Interest in the Cheechoo Gold Project/O...
4/9/2013(Cheechoo)Increases its Interest in the Cheechoo Gold Project/Opinaca ...
2/12/2013(Cheechoo)Drill Hole #3 Yields 0.65 g/t in Gold Over 128.6 Metres Incl...
10/30/2012(Cheechoo)Drilling Program Update on Cheechoo Gold Project, Opinaca Ar...
8/20/2012Sirios and Khalkos Cancel Agreement for Hipo Property
7/27/2012Sirios and Khalkos Sign an Agreement on the Hipo Property
12/20/2011Exploration Khalkos (filiale de Sirios) : lancement d'une no...
7/13/2011(Pontax)Drilling Completed on the Silver and Gold PONTAX Property in...
5/14/2008(Cheechoo) DRILLING PROGRAM COMPLETED
2/26/2007Diamond Drilling on Aquilon Extension Gold Property, James B...
6/12/2006Field Work to Begin on Opinaca-Eleonore Area, Quebec
Corporate news of Sirios Resources Inc.
7/27/2016SIRIOS Begins a Drilling Campaign of 10,000 Metres on CHEECH...
6/8/2016SIRIOS on its Way to Complete the Acquisition of Cheechoo
5/11/2016Sirios Closes Private Placements for CA$5.5M
4/22/2016Sirios Intersects 12.08 g/t Au over 20.3 metres by Drilling ...
3/29/2016Sirios Confirms Gold Grade of the New Lithology at Cheechoo
1/22/2016New results in the Eleonore Camp strengthen the discovery po...
1/21/2016SIRIOS Extends the High-Grade Zone Jordi With 4.35 g/t Au Ov...
1/21/2016SIRIOS Resources Inc./Diamond Drilling Resumes on the CHEECH...
1/14/2016SIRIOS Extends the High-Grade Zone Jordi With 4.35 g/t Au Ov...
12/16/2015Results From the Annual and Special Meeting of Shareholders
12/16/2015SIRIOS: New Gold Zones Intersected by Drilling at Cheechoo, ...
10/28/2015SIRIOS Sells its Interest in Aquilon for $ 1M
10/1/2015Drilling Underway on the Cheechoo Gold Property
10/1/2015SIRIOS Resources Inc.: Eleven Drill Holes Completed on Cheec...
9/22/2015Financing Completed at More Than 2 M$
9/22/2015SIRIOS Resources Inc.: Drilling Underway on the Cheechoo Gol...
9/17/2015Beginning of Fieldworks on the Cheechoo Gold Property
9/17/2015SIRIOS: Financing Completed at More Than 2 M$
9/2/2015Ongoing Private Placements
9/2/2015Sirios: Beginning of Fieldworks on the Cheechoo Gold Propert...
8/21/2015Swap on the Market and Intermediary Closing of Private Place...
8/21/2015SIRIOS Resources Inc.: Ongoing Private Placements
8/6/2015Two Quebec Financial Institutions Exercise $177,150 in Warra...
8/6/2015Swap on the Market and Intermediary Closing of Private Place...
7/22/2015Closing of a Private Placement for $818,775
4/14/2015Sirios to Attend the John Tumazos Very Independent Research ...
3/26/2015More Than 70% of Gold Recovered by Gravity on Cheechoo
3/26/2015Sirios to Attend the John Tumazos Very Independent Research ...
3/24/2015Mr. Christian Guilbaud Appointed as Vice President of Corpor...
3/24/2015(Cheechoo)More Than 70% of Gold Recovered by Gravity on Cheechoo
3/24/2015Sirios Inc.: More Than 70% of Gold Recovered by Gravity on C...
2/26/2015Mr. Christian Guilbaud Appointed as Vice President of Corpor...
1/27/2015SIRIOS: Two Gold Zones Intersected in the Drill Hole #19 on ...
12/19/2014Two Gold Zones on CHEECHOO: 7.24 g/t Au Over 7.9 m and 1.53g...
12/19/2014Sirios Resources Inc.: Closing of Private Placements for $67...
12/8/2014560 Grams per Tonne Gold Over 0.49 Meters Obtained by Drilli...
12/8/2014SIRIOS: Two Gold Zones on CHEECHOO: 7.24 g/t Au Over 7.9 m a...
12/2/2014SIRIOS: 560 Grams per Tonne Gold Over 0.49 Meters Obtained b...
11/26/2014Results From the Annual and Special Meeting of Shareholders
10/21/2014SIRIOS Resources Inc.: Visible Gold Observed in a New Drill ...
10/14/2014Sirios Resources Inc.: Diamond Drilling Resumes on the Cheec...
9/12/2014CORRECTION FROM SOURCE/SIRIOS: Discovery of a New Gold Zone ...
9/10/2014SIRIOS: Discovery of a New Gold Zone on CHEECHOO with 6.9 g/...
8/26/2014Sirios Resources Inc.: New Anomalous Gold Area Located on th...
6/10/2014Debt Settlement Agreement Between Sirios and Khalkos
6/9/2014SIRIOS RESOURCES/Cheechoo: Extension of 600 Metres With 0.40...
6/4/2014SIRIOS: Drilling Restarts on the Cheechoo Gold Property
5/7/2014SIRIOS: Grant of Incentive Stock Options
4/30/2014Sirios Resources Inc.: Beginning of the Drilling Campaign on...
4/23/2014SIRIOS Resources Inc.: Four New Sectors for Prospecting Loca...
4/10/2014Sirios Resources Inc.: Final Closing of the Already Announce...
4/3/2014Sirios Resources Inc.: First Closing of Private Placements f...
11/4/2013CORRECTION FROM SOURCE/Sirios Resources Inc.: Adoption of th...
10/3/2013Loan Paid Off Completed
5/6/2013(Cheechoo)Announcement of a $ 500,000 Financing for Drilling on Cheech...
1/30/2013Drill Hole #1 Yields 0.214 g/t in Gold Over 191.4 Metres Inc...
12/11/2012(Cheechoo)Positive Preliminary Drilling Results From Cheechoo Gold Pro...
10/15/2012Shareholders Approve Consolidation of Shares
1/16/2012Distribution by Sirios of 6,086,338 Common Shares of Khalkos
12/20/2011IPO of Khalkos Exploration (subsidiary of Sirios Resources I...
5/25/2011(Pontax)Diamond Drilling on the High Grade Silver Pontax Property, J...
5/12/2011Private Placement Announcement and Grant of Stock Options
3/23/2011Private Placement First Closing of $528,300
2/22/2011to Spin Off Subsidiary Into a Public Company
4/6/2006Résultats hautement significatifs sur Kukames…
3/31/2006Point sur les secteurs Opinaca et Aquilon
3/31/2006Opinaca and Aquilon areas update
12/10/2005augmente son placement privé annoncé le 7 Décembre
12/7/2005agrandit Opinaca Nord dans la région d'Eléonore
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