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SIRIOS: Drill Hole #1 Yields 0.214 g/t in Gold Over 191.4 Metres Including 0.50 g/t Over 46 Metres
Published : January 30, 2013

CHEECHOO Project, Opinaca Area, James Bay, Quebec

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Keywords :   Diamond | Gold | Gold Mine |

MONTREAL, QUEBEC--(Marketwire - Jan. 30, 2013) - Directors of SIRIOS RESOURCES INC. (News - Market indicators) are pleased to announce the assay results from the entire drill hole #1 on the CHEECHOO gold project. The assays show, from the beginning of the hole, a continuous section of 45.8 metres yielding 0.50 g/t in gold including a section of 24 metres at 0.70 g/t. The drill hole yielded an average gold grade of 0.214 g/t over its entire length of 191.4 metres. These results confirm the presence of large gold zones similar to those observed 266 metres further in hole #2, as announced on December 20, 2012.

Individual core sample grades reach up to 2.22 g/t Au, with sample lengths varying between 0.45 and 1.6 metres. Of all the core samples, five graded more than 1 g/t: 1.03 g/t Au over 1.1 m; 1.73 g/t Au over 1 m; 1.80 g/t Au over 1.2 m; 1.53 g/t Au over 1 m, and 2.22 g/t Au over 1 m. The gold zone has a minimal width of 45.8 metres as the drilling started directly in the mineralized zone.

Assay results from holes #1 and #2
Drill Hole #
CH-919-12-
Collar position
UTM Nad 83
  Azimut Plunge From
(m)
To
(m)
Interval
(m)
Au
(g/t)
1 438708E 5830309N   234° 45° 3.6 195.0 191.4 0.21
        Incl. 3.6 49.4 45.8 0.50
        Incl. 18.0 42.0 24.0 0.70
                 
*2 438764E 5830049N   320° 51° 43.5 100.0 56.5 0.59
        Incl. 43.5 56.0 12.5 0.39
        Incl. 60.5 100.0 39.5 0.72
*results already published

Results from hole #1 and #2 show a fine and weak dissemination of arsenopyrite and pyrrhotite over large widths in a silicified tonalite (granitic intrusive rock). Numerous small quartz veinlets occur in the tonalite. Both drill holes contain gold bearing pegmatites. These results preliminarily suggest a significant size and continuity of the mineralized system.

A total of eight Diamond drill holes of NQ caliber were completed for a total of 938 metres on the Cheechoo gold project. Assay results of six other drill holes are expected in the next few weeks. Photographs of drill cores are available on Sirios' web site as well as drill hole localisation maps.

Dominique Doucet, President of Sirios stated, "These new results confirm the significant dimensions of the gold zones, and, without knowing the upcoming assay results, a second drilling campaign is now fully warranted on the property. With drill hole #3 demonstrating a similar mineralization to that of holes #1 and #2, we are confident that additional significant intersects will be obtained in the hole."

The completed drilling program on the Cheechoo project is located at less than 15 km from the future Eleonore gold mine currently under construction by a subsidiary of producer Goldcorp. As announced last summer, Sirios has signed an agreement with Golden Valley Mines Ltd. (TSX VENTURE:GZZ) for the Sharks and Cheechoo gold properties ("Cheechoo gold project"), allowing Sirios to increase its current interest in the project from 40% to 100% following the completion of certain obligations and compensation (see our June 15, 2012 press release). Sirios is operator of the project.

Assaying Quality Control

A total of 798 drill core samples were collected, 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 (AA23) by the ALS Minerals laboratories in Val d'Or, Quebec.

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

Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.

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.

Dominique Doucet
President
(514) 510-7961
(514) 510-7964 (FAX)
ddoucet@sirios.com
or
Frederic Sahyouni
CFO
(514) 510-7961
(514) 510-7964 (FAX)
fsahyouni@sirios.com
www.sirios.com
Companies Mentionned : Atomic | Aura Minerals | Goldcorp | Golden Valley Mines | Total |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

Sirios Resources Inc.

EXPLORATION STAGE
CODE : SOI.V
ISIN : CA8299085081
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Corporate Presentations of Sirios Resources Inc.
2/6/2013Corporate presentation
Annual reports of Sirios Resources Inc.
2007 Annual report
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
3/1/2013First Closing of Private Placement for $175,600
12/18/2012Private Placement Totals $243,000
11/26/2012First Closing of Private Placement for $156,000
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.
3/30/2011Resignation of a Director
Project news of Sirios Resources Inc.
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...
11/4/2010(Aquilon)Diamond Drilling in Progress on High Grade Gold Aquilon Prop...
9/13/2010(Pontax)Encouraging Gold Results on Pontax
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.
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
6/8/2006Video Presentation
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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