MONTREAL, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Management of Sirios Resources Inc. (TSXV: SOI) ("The Company") is pleased to announce that Sirios has filed on SEDAR the technical report titled "Mineral Resource Estimate Update for the Cheechoo Project Eeyou Istchee James Bay, Qubec, Canada", with an effective date of October 31st, 2020. The report, in compliance to the NI 43-101 standards and completed for the company by BBA Inc., h the resource estimate update of the Cheechoo gold project, located at Eeyou Istchee James Bay at Quebec.
The updated resource shows an increase of 355,000 ounces of gold compared to its initial resource estimate, representing an increase of 22% . The report indicates that, based on an open-pit constrained model, the inferred resources are estimated at 1.955 million gold ounces (Moz) contained in 93.0 million tonnes (Mt) with an average grade of 0.65 grams of gold per tonne (g/t Au) (figure 1) .
Dominique Doucet, President and CEO of Sirios, states: " I want to congratulate our technical team, who within less than a year, significantly increased the resource estimate on our Cheechoo gold deposit."