SIRIOS: Drilling Restarts on the Cheechoo Gold Property
04 Giugno 2014 - 3:13PM
Marketwired
SIRIOS: Drilling Restarts on the Cheechoo Gold Property
MONTREAL, QUEBEC--(Marketwired - Jun 4, 2014) - SIRIOS RESOURCES
INC. (TSX-VENTURE:SOI) announces the restart, in the forthcoming
days, of the diamond drilling campaign on the Cheechoo gold
property adjacent to the Éléonore gold mine property of Goldcorp in
James Bay, Quebec. In addition, detailed prospecting and systematic
rock sampling had begun this week.
Recall that two drill holes were completed in the beginning of
last May. The first drill hole aimed to test the extension of the
gold-bearing tonalite toward the west while the second hole
verified the possible extension of the auriferous tonalite at
approximately 600 metres north-west to the section formed by the
drill holes executed in 2012 and 2013. The results of the analyses
of core samples from these two drill holes are expected
shortly.
Recall that six drill holes completed on Cheechoo had previously
localized a low-grade gold envelope with a minimum area of 250 X
525 metres and to a depth of 200 metres vertically (press release
January 13, 2014). This envelope remains open at depth and in all
directions except the south-east end.
The Cheechoo gold project is situated at less than 10 km from
the Éléonore gold mine of the producer Goldcorp which the beginning
of the production is planned at the end of 2014. This world-class
deposit contains 4.03 million ounces of proven and probable gold
mineral reserves and 4.10 million ounces of inferred gold mineral
resources (Source: Goldcorp's press release, March 28,
2014). Sirios concluded in 2012 an agreement with Golden
Valley Mines Ltd involving the Cheechoo property that, upon
completion of certain obligations and counterparties, will increase
its interest to 100% (Press release December 9, 2013). Sirios is
the operator of the project.
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)
510-7964ddoucet@sirios.comPeter Kong, B.B.A(514) 510-7961(514)
510-7964pkong@sirios.comwww.sirios.com
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