Sphinx and Sirios Commence Exploration on the Chechoo-EleonoMONTRAL, QUBEC--(Marketwired - Sept. 29, 2016) - Sphinx Resources Ltd. ("Sphinx" or the "Corporation") (TSX VENTURE:SFX) and its partner Sirios Resources Inc. ("Sirios") announce the beginning of exploration work on the Cheechoo-lonore Trend project (the "Project"), in the Eeyou Istchee James Bay region in Quebec. The objective of this first phase of exploration is to provide a preliminary evaluation of the gold potential of this promising and unexplored 50 km trend that comprises the interpreted northwest extension of the Chechoo-lonore corridor. This trend hosts Sirios' Cheechoo gold discovery and the lonore mine, a gold operation owned by Goldcorp Inc. The Project's southeastern extremity is situated about 24 km northwest of the lonore mine and road access is available within 14 km of this location (a map may be consulted by clicking here).
The management committee of the joint venture has approved a till sampling program that will be conducted and completed during the month of October by Consultants INLANDSIS with the collaboration with TJCM (Table jamsienne de concertation minire). The sampling will use a spacing of 200 m and the program is designed along a line perpendicular to the ice flow direction as well as down-ice from the interpreted Chechoo-lonore corridor. This survey is oriented in a NW-SE direction within the Project's claims and will include a quality control program.
On August 23, 2016 Sphinx and Sirios announced the signing of a letter of intent to form a 50-50% joint venture for the Project which consists of 551 claims (286 km2)