MONTREAL, Aug. 04, 2021 (GLOBE NEWSWIRE) -- The management of Sirios Resources Inc. (TSXV: SOI) is pleased to announce that a total of 2,517 metres of drilling has been completed to date on the Cheechoo gold property in Eeyou Istchee James Bay, Quebec. Visible gold was observed in ten instances in five of the nine definition diamond drill holes totalling 1,767 m. Two additional definition holes were drilled by reverse circulation (RC) for a total of 211 metres. To date, three exploration diamond drill holes have been completed for a total of 539 metres. The presence of visible gold, as well as the lithologies intersected, are in accordance with the expectations of Sirios' geologists and the modeling of the gold deposit.
Given the superior production rate of diamond drilling compared to reverse circulation drilling, Sirios' management decided to complete the remainder of the campaign by diamond drilling. The definition drill program will therefore continue by diamond drilling with Synee Drilling Inc. on the sites initially planned. The total number of meters to be drilled could be modified.
The objective of the definition drilling program is to better define the Cheechoo deposit and initiate an updated resource estimate (as early as 2022) that will allow for a significant amount of inferred resources to be converted to indicated resources. The improved gold resource classification of the project will increase the value of the Cheechoo deposit and help advance the project to a more advanced stage with the completion of a Preliminary Economic Assessment (PEA).