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Sirios Resources Inc.: Drill Hole #3 Yields 0.65 g/t in Gold Over 128.6 Metres Including 1.09 g/t Over 56 Metres Cheechoo Project, Opinaca Area, James Bay, Quebec
Published : February 12, 2013
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Keywords :   Diamond | Gold | Gold Discovery | Gold Mine | Market |

MONTREAL, QUEBEC--(Marketwire - Feb. 12, 2013) - Directors of SIRIOS RESOURCES INC. (News - Market indicators) are greatly pleased to announce the complete assay results of drill holes #3 and #4 from the CHEECHOO gold project. Over the entire length of hole #3, assays yielded a continuous section of 0.65 g/t in gold over 128.6 metres (weighted average) including a section of 1.09 g/t over 56 metres. Drill hole #3 starts and ends in the gold zone. The results confirm the presence of large gold sections similar to those found in holes #1 and #2 which are located at more than 285 metres and 377 metres respectively from hole #3. Drill holes #1 and #3 are entirely found within the gold zone, which is open in all directions and can only be fully delineated with additional drilling.

In drill hole #3, of the 129 core samples which all vary between 0.6 and 1.2 metres, three yielded high gold grades: 10.7 g/t over 0.6 m; 10.8 g/t over 1 m and 25.9 g/t over 1 m. There are another eight samples that yielded between 1.10 g/t and 3.92 g/t Au over 1 m each. 

 
Assay results from drill holes #1, #2, #3 and #4
 
Drill
Hole #
CH-919-12-
Collar position
UTM Nad 83
Azimut
(Degrees)
Plunge
(degrees)
From
(m)
To
(m)
Interval
(m)
Au
(g/t)
03 438434E 5830232N 270 45 3.4 132.0
(EOH)
128.6 0.65
      Incl. 3.4 4.0 0.6 10.70
      Incl. 76.0 132.0 56.0 1.09
      Incl. 89.0 90.0 1.0 10.85
      Incl. 119.0 120.0 1.0 25.90
               
*01 438708E 5830309N 234 45 3.6 195.0
(EOH)
191.4 0.21
      Incl. 3.6 49.4 45.8 0.50
      Incl. 18.0 42.0 24.0 0.70
               
*02 438764E 5830049N 320 45 43.5 100.0
(EOH)
56.5 0.59
      Incl. 43.5 56.0 12.5 0.39
      Incl. 60.5 100.0 39.5 0.72
               
04 437675E 5830780N 270 45 2.8 102.0
(EOH)
- An.
        58.0 64.0 6.0 0.17
 
*Already published (EOH): End of hole An.: Numerous anomalous values
 

Drill holes #1, #2 and #3 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. Drill holes #1 and #2 contain gold-bearing pegmatites, which are less common in hole #3. Hole #4 is located at more than 1 km from the delineated gold zone of the first three holes. Several anomalous gold grades varying between 0.02 g/t and 0.42 g/t occur in the hole.

Dominique Doucet, President of Sirios, stated, "The results from the first three drill holes confirm that we have a significant gold discovery. Moreover, there is still no indication that we have found the core of the gold system. The presence of high gold grades in a low grade mass is also encouraging."

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 four other drill holes are expected in the next few weeks. The last three drill holes (#6 to #8) were drilled in a different geological environment located to the north of the first five holes. Photographs of drill cores are available on Sirios' web site as well as drill hole localisation maps.

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-V: 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 792 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. Assays on the highest grades were duplicated in the laboratory. Samples grading more than 10 g/t were re-assayed by fire assay with gravimetric finish.

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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Sirios Res. is an exploration silver and gold 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.

Sirios Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 32.4 millions as of today (US$ 25.8 millions, € 22.6 millions).

Its stock quote reached its lowest recent point on August 16, 2013 at CA$ 0.05, and its highest recent level on April 15, 2016 at CA$ 0.35.

Sirios Res. has 75 380 000 shares outstanding.

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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
11/26/2012First Closing of Private Placement for $156,000
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.
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...
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...
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.
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, ...
12/10/2015Up to 177 g/t Au Obtained in Drilling at Cheechoo Near Eleon...
12/10/2015SIRIOS: Results From the Annual and Special Meeting of Share...
12/1/2015SIRIOS: Up to 177 g/t Au Obtained in Drilling at Cheechoo Ne...
10/28/2015Eleven Drill Holes Completed on 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
7/22/2015SIRIOS Resources Inc.: Two Quebec Financial Institutions Exe...
6/30/2015Sirios Reveals its Three-Year Plan
6/30/2015SIRIOS: Closing of a Private Placement for $818,775
6/10/2015Sirios Reveals its Three-Year Plan
5/27/2015Caledonia Mining Corp. : Fairly valued but still a safety?
4/28/2015Guy Chevrette Appointed to Sirios Board of Directors
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...
1/27/2015(Cheechoo)Two Gold Zones Intersected in the Drill Hole #19 on CHEECHOO
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...
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...
5/12/2011Private 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
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