Sirios Resources Inc.

Published : December 16th, 2015

SIRIOS: New Gold Zones Intersected by Drilling at Cheechoo, Close to Eleonore

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Keywords :   Diamond | Gold | Gold Mine |

SIRIOS: New Gold Zones Intersected by Drilling at Cheechoo, Close to Eleonore

MONTREAL, QUEBEC--(Marketwired - Dec 16, 2015) - Management of Sirios (TSX VENTURE:SOI) is pleased to announce the results of four other Diamond drill holes undertaken in last September on the Cheechoo gold property. Three drill holes (#23, 25 and 26), situated between 200 and 250 metres from the first two drill holes #20 and 21 (press release December 1 2015) intersected other distinct gold zones. These zones, yielding grades between 4.66 g/t Au and 18.95 g/t Au over lengths between 1 m to 3 m, are also included in intervals of lower grades reaching up to 1,00 g/t Au over 33 metres in hole #26. Other gold zones with smaller lengths were also intersected by these drill holes, as indicated in the table below.

As for drill hole #30 that is located at more than 650 metres from drill holes #20 and 21, and close to drill hole #15 undertaken in 2014, has intersected a zone grading 0.79 g/t over 23.90 metres including 1.78 g/t Au over 3.5 metres centered on a fault. Drill hole #15 was stopped in this fault zone at 72 metres of depth yielding a grade of 1.16 g/t Au over 9 metres at the end of the hole.

Eleven Diamond drill holes were completed in last September for a total of 1,962 metres. Note that visible gold was observed in eight of these drill holes. The complete results of the other five drill holes will be released when re-assays will be finished. Two of the five drill holes are located in the same zone of drill holes #18, 20 and 21, while the other three are located between 50 and 150 metres from the latter.

MAIN ASSAY RESULTS OF DRILL HOLES #23, 25, 26 AND 30

Drill hole #
15-
From
(m)
To
(m)
Interval
(m)*
Au
(g/t)
23
52.00 59.00 7.00 2.11
incl. 55.00 58.00 3.00 4.66
57,00 58,00 1,00 11,67
100.55 101.45 0.90 3.84
116.00 117.00 1.00 1.52
170.00 171.00 1.00 5.04
25 11.00 26.00 15.00 0.78
incl. 15.50 18.80 2.40 2.81
incl. 16.40 17.40 1.00 **5.77
138.00 168.00 30.00 0.99
incl. 154.00 168.00 14.00 1.78
incl. 154.00 155.00 1.00 18.95
26
46.00 79.00 33.00 1.00
incl. 46.00 71.50 25.50 1.14
incl. 55.00 62.00 7.00 2.13
incl. 57.50 58.90 1.40 **6.63
136.50 150.00 13.50 0.75
incl. 142.50 147.00 4.50 1.22
162.00 174.70 12.70 0.90
incl. 162.00 166.00 4.00 1.48
et 171.00 174.70 3.70 1.22
30
89.30 113.20 23.90 0.79
incl. 104.10 104.50 0.40 L.C.
incl. 104.50 113.20 8.70 1.14
incl. 104.50 108.00 3.50 1.78
* Interval along the hole
** Visible Gold
L.C.: Lost core

The CHEECHOO gold project is located in Eeyou Istchee James Bay, Quebec, 800 km north of Montreal and less than 10 km from the Eleonore gold mine of producer Goldcorp that has just begun production. This world-class deposit contained 4.03 million ounces of gold and 4.10 million ounces of inferred gold mineral resources (Source: Press release of Goldcorp, March 28 2014). In 2012, Sirios concluded an agreement with Golden Valley Ltd. regarding ownership of CHEECHOO allowing it, to upon completion of certain obligations and counterparts, increase its current interest to 100% (press release dated December 9, 2013). Sirios is the manager of the project.

Assay quality control

For holes #23, 25, 26 and 30, 551 samples representing 682 metres of NQ drill core, were sawed in half, with one half sent to a commercial laboratory for analysis and other half retained for future reference. A strict QA/QC program was followed by integrating blanks and certified reference materials to the drill core samples, all of which were prepared by IOS Services Géoscientifiques inc. of Chicoutimi, and assayed for gold by fire assay and atomic absorption finish (AA24) by the ALS Minerals laboratories in Val d'Or, Quebec. Samples grading more than 3 g/t were re-assayed by fire assay with gravimetric finish. (GRA22).

This press release was prepared by Dominique Doucet, P. Eng., President of Sirios, Qualified Person pursuant to National Instrument 43-101.

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 finance.yahoo.com

Sirios Resources Inc.

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

Sirios Res. holds various exploration projects in Canada.

Its main exploration properties are TILLY, PONTAX, SHARKS, AQUILON EXTENSION, ESCALE, CHEECHOO, KUKAMES, MURDOCH, OPINACA NORTH 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.
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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 ...
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10/30/2012(Cheechoo)Drilling Program Update on Cheechoo Gold Project, Opinaca Ar...
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7/27/2012Sirios and Khalkos Sign an Agreement on the Hipo Property
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5/14/2008(Cheechoo) DRILLING PROGRAM COMPLETED
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6/12/2006Field Work to Begin on Opinaca-Eleonore Area, Quebec
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6/8/2016SIRIOS on its Way to Complete the Acquisition of Cheechoo
5/11/2016Sirios Closes Private Placements for CA$5.5M
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9/17/2015SIRIOS: Financing Completed at More Than 2 M$
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8/21/2015Swap on the Market and Intermediary Closing of Private Place...
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7/22/2015Closing of a Private Placement for $818,775
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3/26/2015More Than 70% of Gold Recovered by Gravity on Cheechoo
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3/24/2015Mr. Christian Guilbaud Appointed as Vice President of Corpor...
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2/26/2015Mr. Christian Guilbaud Appointed as Vice President of Corpor...
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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
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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
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4/23/2014SIRIOS Resources Inc.: Four New Sectors for Prospecting Loca...
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10/3/2013Loan Paid Off Completed
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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
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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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