Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF)
is pleased to report the
presence of visible gold in the
first hole of the 2024 drilling program in the high-grade Eclipse
area of its 100% owned Cheechoo gold property.
The first hole of the program, CH24-305,
intersected at the targeted depth, multiple specks of
coarse visible gold hosted in a chloritized quartz vein at
256.7 m down the hole in a tonalite (Figures 1, 2, and 3).
Additionally, more than 100 grains of visible gold were
encountered in a mafic dyke at 258.0 m (Figure 4).
Overall, Sirios’ geologists on site observed a
2.6 metre mineralized gold zone from 256.2 m to
258.8 m, including the gold-rich chloritized quartz vein,
several deformed quartz veinlets with additional gold grains, and
the 1-metre gold-bearing mafic dyke. Arsenopyrite,
pyrrhotite and scheelite were also observed throughout the
zone.
Figure 1: Gold specks in a chloritized quartz
vein at 256.7 m in drill hole CH24-305.
Figure 2: Gold specks in a chloritized quartz
vein at 256.7 m in drill hole CH24-305.
Figure 3: Gold specks in a chloritized quartz
vein at 256.7 m in drill hole CH24-305.
Figure 4: Part of the gold specks observed in a
mafic dyke, at 258.0 m in drill hole CH24-305.
About the drilling program currently
underway at Eclipse
The high-grade Eclipse area, located
west of the main area of the Cheechoo gold deposit (Figure
5), is not included in the updated 2022 Mineral Resource Estimation
(MRE), which outlined 1.4 Million Ounces of Gold
(Indicated) and 500,000 Ounces of Gold (Inferred) (BBA,
Mineral Resource Estimate Update for the Cheechoo Project,
20/07/2022).
Sirios is currently conducting a
1,000-metre diamond drilling program aimed at
including Eclipse in the next update of the MRE for the Cheechoo
property. Several high and very high-grade gold
intervals were previously intersected in the Eclipse area
(Figure 6).
A detailed presentation about the
Eclipse high-grade gold area is available via the link
below:
www.sirios.com/eclipse
Figure 5: Location of the Eclipse area in the
Cheechoo gold deposit.
Figure 6: Inclined longitudinal section of the
high-grade Eclipse gold zone.
About Fury Gold Mines’ recent
consolidation of the Eleonore South Property
Sirios Resources would like to congratulate Fury
Gold Mines (“Fury”) for their recent consolidation to 100% of
Cheechoo’s neighboring Eleonore South property and their purchase
of 30,392,372 shares of Sirios. The management of Sirios welcomes
Fury as a new significant shareholder.
Upcoming EventSirios will be
attending the 2024 PDAC Convention in Toronto from
March 3 to 6. Come and meet us at booth #2910! During this
convention, our CEO Dominique Doucet will be giving a presentation
at the Quebec: Unique Mining Ecosystem session, on
Tuesday March 5th in room
205D at 2:20 pm.
About the Cheechoo PropertyThe
Cheechoo gold property, 100% owned by Sirios, is located in Eeyou
Istchee James Bay in Quebec, 200 km east of Wemindji and less than
10 km from the Newmont’s Eleonore gold mine. The project's latest
resource update delineated, for an open pit model,
indicated resources of 1.4 million ounces of gold
contained in 46.3 million tonnes at an average grade of
0.94 g/t Au, as well as inferred resources
of 500,000 ounces of gold contained in 21.1 million tonnes
at a grade of 0.73 g/t Au (ref.: 12/06/2022 Press
Release).
About SiriosSirios Resources is
a Canadian mining exploration company focused on developing
its portfolio of high-potential gold properties in the
Eeyou Istchee James Bay region of Quebec.
The scientific and technical content of this
press release has been reviewed and approved by Dominique Doucet,
P.Eng., President and CEO of Sirios Resources Inc. and Jordi
Turcotte, P.Geo., qualified persons under National Instrument
43-101.
Cautionary note regarding
forward-looking informationThis news release contains
“forward-looking information” within the meaning of applicable
Canadian securities legislation based on expectations, estimates
and projections as at the date of this news release.
Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, performance,
prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Factors
that could cause actual results to differ materially from such
forward-looking information include, but are not limited to,
capital and operating costs varying significantly from estimates;
the preliminary nature of metallurgical test results; delays in
obtaining or failures to obtain required governmental,
environmental or other project approvals; uncertainties relating to
the availability and costs of financing needed in the future;
changes in equity markets; inflation; fluctuations in commodity
prices; delays in the development of projects; the other risks
involved in the mineral exploration and development industry; and
those risks set out in the Company’s public documents filed on
SEDAR at www.sedar.com. Although the Company believes that the
assumptions and factors used in preparing the forward looking
information in this news release are reasonable, undue reliance
should not be placed on such information, which only applies as of
the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The
Company disclaims any intention or obligation to update or revise
any forward- looking information, whether as a result of new
information, future events or otherwise, other than as required by
law.
The estimate of Inferred Mineral Resources
mentioned in this press release conform to National Instrument
43-101 standards and was prepared by Pierre-Luc Richard, P. Geo.,
independent qualified person, as defined by NI 43-101 guidelines.
The effective date of the estimate is July 20, 2022. The
above-mentioned mineral resources are not mineral reserves as they
do not have demonstrated economic viability. The quantity and grade
of the reported Inferred Mineral Resources are conceptual in nature
and are estimated based on limited geological evidence and
sampling. Geological evidence is sufficient to imply but not verify
geological and grade or quality continuity.
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.
Contact: Dominique Doucet,
P.Eng., Founder and
CEO450-482-0603info@sirios.comWebsite:
www.sirios.com
Photos accompanying this announcement are available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/1bdd7cb4-d4db-4f21-afdc-c7a672e8bfebhttps://www.globenewswire.com/NewsRoom/AttachmentNg/777757bf-5328-40e2-80bb-94ebd1cd63d2https://www.globenewswire.com/NewsRoom/AttachmentNg/3ee3a74e-6dd3-41d6-b0ff-7e74ccf08708https://www.globenewswire.com/NewsRoom/AttachmentNg/961d579a-ee49-432c-afc3-b120c8580889https://www.globenewswire.com/NewsRoom/AttachmentNg/3682e11e-16d5-4c4f-80f4-40c955f9823bhttps://www.globenewswire.com/NewsRoom/AttachmentNg/bb0eca9a-37f3-475f-87ad-dfdc9cf4a674
Grafico Azioni Sirios Resources (TSXV:SOI)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Sirios Resources (TSXV:SOI)
Storico
Da Dic 2023 a Dic 2024
