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Sirios Resources Inc V.SOI

Alternate Symbol(s):  SIREF

Sirios Resources Inc. is a Canada-based mineral exploration company. The Company is focused on developing its portfolio of high-potential gold properties in Eeyou Istchee James Bay, Canada. Its projects include Cheechoo, Aquilon, Maskwa, Li-52, Niska and Tilly 2. The Cheechoo gold project is located in the Eeyou Istchee James Bay region of Quebec, less than 15 kilometers (km) from Newmont’s Eleonore gold mine. The property consists of a main block of 121 claims, as well as a secondary block of 35 claims located about 20 km to the west. The Aquilon project covers 68 km2 of the Aquilon greenstone belt, in the La Grande subprovince of Quebec. The Maskwa gold project is located approximately 100 km southwest of Radisson and approximately 120 km east of Wemindji in Eeyou Istchee Baie-James, Quebec. The Li-52 property, located in Eeyou Istchee Baie-James, is made up of 550 claims covering an area of more than 286 square kilometers (km2).


TSXV:SOI - Post by User

Bullboard Posts
Post by Amor123on Aug 21, 2018 11:12am
168 Views
Post# 28492775

News, very Good News

News, very Good News

MONTREAL , Aug. 21, 2018 (GLOBE NEWSWIRE) -- Management of Sirios Resources Inc. (TSX-V:SOI) is pleased to announce the results of four drill holes undertaken in the Eclipse area, located at approximately 750 metres west of the main drilled area on the Cheechoo gold property. Drill holes #161 and 163 intersected respectively 49.5 g/t Au over 2.2 m and 97.4 g/t Au over 2.4 m. These mineralized intervals are part of a high-grade zone that was intersected previously by drill holes #95, 97 and 99, yielding 11.9 g/t Au over 13.5 m, including 100 g/t Au over 1 m (press release May 9, 2017). This zone is continuous laterally for approximately 150 metres, between #161 and 97. It is interpreted as being the depth extension of the high-grade veins system of the Moni Showing, exposed on the surface on the neighbouring lonore South property, located only a few metres south of the border between the two properties.

DDH map
  Position of drill holes 161,163,166,168


Section Eclipse
  Section Eclipse

 

Dominique Doucet, President, states: "The zone of high-grade gold veins of the Eclipse area represents an important asset to our Cheechoo project. It adds high-grade veins to the ones in the large, low-grade gold envelope of the main area located to the east. The near surface occurrence of these gold-rich veins can provide a greater flexibility to a future mining project."

Significant results of drill holes CH18-161, 163, 166 and 168

Drill hole CH18- From To Width Au (g/t) *  
 
161 24.5 28.5 4.0 2.1  
35.5 37.0 1.5 5.5  
91.8 94.0 2.2 49.5  
91.8 92.6 0.8 133.9  
  82.9 84.2 1.3 3.1  
163 90.0 92.4 2.4 97.5  
  90.8 91.6 0.8 289.7  
166 47.7 49.4 1.7 1.0  
64.3 66.8 2.5 1.2  
168 106.4 109.0 2.6 1.2  

*Grade un-cut

Two figures accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/3fd891fa-3c02-4974-8df8-4e34cfc50356

https://www.globenewswire.com/NewsRoom/AttachmentNg/56ec6338-cb55-4737-ab26-cf79f6da1a50

The gold zone of the Eclipse area forms a geometrically complex plain with an east-northeast orientation and dipping at approximately 60 degrees to the north-west. The trace of the zone at surface on the map below is based on surface data of lonore South (press release of Eastmain Res. October 17, 2017) and on multiple mineralized boulders found on surface on Cheechoo (press release February 28, 2017)

A table of collar coordinates is available at the following link: https://www.sirios.com/BD-Coordinates-Drilled-20180821/

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