New drilling campaign underway on the Aquilon high-grade gold property at Eeyou Istchee James Bay
March 18 2020 - 07:30AM
Management of
SIRIOS (TSX-V: SOI) is pleased to
announce the start of a diamond drilling campaign, totalling 2,000
metres on the Aquilon gold property in Eeyou Istchee James Bay,
Quebec. This drilling campaign is the first phase of a planned
10,000-metre program.
In addition to testing the depth extension of
the three main high-grade gold showings, drill holes will also test
for potentially new gold mineralization in the Loup structural
corridor. This corridor covers an area of approximately 5 km2 and
contains all of the currently known gold showings on the
property.
More than fifteen high-grade gold vein showings
have been discovered over the years on the Aquilon property by
Sirios and its partners. Several of these showings have been tested
by surface channel sampling and shallow diamond drilling. Examples
of the better previous intersections include: 3,230.89 g/t Au over
0.8 m on the Lingo 3 West vein (ref.: press release 06/26/2008), as
well as 834.4 g/t Au over 1.71 m on the Môman vein and 133.67 g/t
Au over 0.82 m on the Fleur de Lys vein (ref.: press release
01/19/20110). All the showings remain open at depth with an
interpreted north-northeast plunge. Please refer to the various
previous press releases on Aquilon at the following link:
https://sirios.com/en/aquilon/.
The Aquilon property, 100% owned by Sirios,
comprises 140 claims covering nearly 70 km2. It is located
approximately 1,750 km north of Montreal and 490 km east of
Radisson, the property is easily accessible year round by a network
of roads via the road leading to the Laforge 1 hydroelectric power
complex (LA-1), 20 km north of the Trans-Taïga Highway.
Sirios implements precautionary measures
in response to the COVID-19 Sirios Resources Inc.
considers the health and safety of its employees and contractors of
utmost importance. This is why the management has, for
precautionary measures, decided to temporarily close its
administrative office in Montreal until further notice. All staff
working in the administrative office in Montreal have been working
from their homes since last week. Teleworking allows the staff to
perform their usual tasks from home, as Sirios has an efficient
computer network system that allows secure remote access to the
main server. In addition, preventive measures have also been
implemented for members of the technical team and contractors that
are currently working in the field at Eeyou Istchee James Bay.
Diamond drilling continues at the Cheechoo and Aquilon properties.
We will continue to follow the development of the COVID-19
situation and any and all recommendations issued by the government
in order to effectively implement the necessary safety
measures.
Roger Moar, Geo., and Dominique Doucet, P. Eng.,
Qualified Persons pursuant to National Instrument 43-101, prepared
and verified the technical information of this press release, as
well as reviewed the final text.
About SiriosFounded in 1995,
Sirios Resources develops and explores its own mining exploration
projects. Pioneer in the discovery of significant gold deposits in
the Eeyou Istchee James Bay region of Quebec, Canada, over the
years, Sirios focuses mainly on its Cheechoo gold deposit while
actively exploring the auriferous potential of the Eeyou Istchee
James Bay area in Quebec.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Contact information :Dominique
Doucet, President, CEO,
Eng.ddoucet@sirios.comTel.: (514)
510-7961Website: www.sirios.com
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