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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

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Post by youngkidon May 30, 2017 9:19am
214 Views
Post# 26299447

SIRIOS Discovers a New Gold Zone at Depth in Meta-Sediments

SIRIOS Discovers a New Gold Zone at Depth in Meta-Sediments

MONTREAL, QUEBEC--(Marketwired - May 30, 2017) - Management of SIRIOS Resources Inc. (TSX VENTURE:SOI) is pleased to announce the discovery of a new gold zone at depth in meta-sediments on the Cheechoo Gold Property, in James Bay, Quebec. This discovery could become a major new development in the ongoing exploration program on Cheechoo as the new gold zone is within wackes very similar to the ones hosting the lonore Mine gold deposit, some 15 kilometres to the north-west.

  • In the meta-sediments, close to a contact with the tonalite, drill hole #98 intersected 8 m at 4.4g/t Au included in 34.9 m at 1.7g/t Au at a vertical depth of 505 metres, while 100 metres to the east, also in the meta-sediments, drill hole #82E intersected 2.5 m at 4.6 g/t Au included in 24 m at 1.1g/t Au at a vertical depth of 491 metres.

This press release presents the latest assay results of five drill holes of the Winter 2017 drilling program. Interesting results were also obtained within the tonalite.

  • In the tonalite, drill hole #98 intersected the J zone with 9 m at 5.7 g/t Au included in an interval of 43 m at 1.7 g/t Au at 134.5 metres depth. Hole 82E intersected 3.1 m at 7.4 g/t Au included in 16 m at 2 g/t Au at 638 metres depth. Hole #100 intersected 2 m at 13.7 g/t Au. At the tonalite/meta-sediments contact, hole #98 intersected a high-grade interval of 3 m at 53.8 g/t (17.4g/t capped) including 1 m at 159.3 g/t Au.

The following table shows main assay results of the five drill holes. Assay results from drill holes # 101 to 107 and 36E are still pending.

 
       MAIN ASSAY RESULTS - CHEECHOO PROJECT- CENTRAL AREA
       DRILL HOLES #37E, #82E, #94, #98, #100
Drill hole
CH-17-
Note From
(m)
To
(m)
Width
(m)*
Au
(g/t)
Au 
(capped at 50g/t)
37E   229.0 238.4 9.4 0.6  
             
82E   433.4 435.5 2.1 3.5  
  meta-sediments 529.5 553.5 24.0 1.1  
    incl. 551.0 553.5 2.5 4.6  
    638.0 654.0 16.0 vg 2.0  
    incl. 646.9 650.0 3.1 vg ms 7.4  
             
94   52.2 56.5 4.3 1.5  
  L zone 100.2 104.0 3.8 vg ms 2.8  
    217.0 221.7 4.7 vg 4.8  
    Incl. 220.5 221.7 1.2 vg ms 16.1  
    429.1 444.6 15.5 1.6  
  I zone incl. 440.5 444.6 4.1 3.9  
             
98   50.0 59.6 9.6 1.0  
  K zone Incl. 56.4 59.6 3.2 2.0  
    65.5 67.0 1.5 6.6  
  J zone 116.0 159.0 43.0 vg 1.7  
    incl. 134.5 143.5 9.0 vg ms 5.7  
    179.7 279.5 99.8 ** 0.5  
  I zone incl. 198.8 201.0 2.2 vg ms 2.2  
    291.4 296.7 5.3 vg ms 7.0  
    417.3 418.8 1.5 4.3  
    425.0 428.0 3.0 vg ms 53.8 17.4
    incl. 426.0 427.0 1.0 vg ms 159.3 50.0
  meta-sediments 470.4 476.9 6.5 ms 1.1  
  meta-sediments 486.1 521.0 34.9 vg ms 1.7  
    incl. 512.0 520.0 8.0 vg ms 4.4  
  meta-sediments 569.5 603.5 34.0 0.7  
             
100   57.0 59.0 2.0 vg ms 13.7  
    257.4 277.6 20.2 vg ms 1.3  
    incl. 258.4 261.4 3.0 vg ms 3.4  
             
*: Interval along the hole, True width unknown.
vg: Visible gold
ms: Gold grade obtained by fire assay with metallic sieve

The new meta-sediments gold zone intersected by holes 98 and 82E, is close to a contact with the tonalite at a vertical depth of 500 metres. It consists of weakly chloritized fine-grained wackes with about 25% biotite, 10% amphibole, 1 to 3% pyrrhotite and 1 to 3% arsenopyrite. Several gold specks were observed in some quartz veinlets but also free in the wackes. Dykes of pegmatite and tonalite crosscutting the sediments also yielded gold values. Core angles of the bedding, the veinlets and the dykes were variable, rendering any interpretations premature. Overall, the gold distribution is more uniform than what it is usually observed in the tonalite, with no high values required to be capped. This new discovery will be followed-up in detail in upcoming drilling campaigns.

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