Sirios extends the auriferous mineralization of the Cheechoo deposit
May 12 2020 - 8:00AM
Management of
SIRIOS (TSX-V: SOI) is pleased
to announce assay results of the first six drill holes, totaling
1,580 metres, of the winter drilling campaign completed last March
on the Cheechoo gold project at Eeyou Istchee James Bay, Quebec.
Five drill holes, forming a section located west of the Cheechoo
gold deposit, have all intersected the extension of the auriferous
mineralization, confirming the current model. This recent
mineralization, that is for the most part located outside the
conceptual pit, has demonstrated the potential of increasing the
resource toward the west. Drill holes #248, 249 and 254 ended in
gold mineralization that continues at depth.
Among the significant results:
|
CH20-246: |
2.2
g/t Au over 11.1 m, including 4.7 g/t Au over 4.6 m |
|
|
1.2 g/t Au over 26.5 m |
|
|
|
|
CH20-248: |
1.0 g/t Au over 19.6 m, including 4.6 g/t Au over 4.0
m |
|
|
|
|
CH20-253: |
1.1 g/t Au over 12.5 m |
|
|
0.5 g/t Au over 59.5 m |
The holes were stopped at a vertical depth of 250 m based on the
current conceptual pit limits. While the recent mineralization was
intersected in the bottom part of the holes, the casing has been
left in place and these drill holes can be extended in the future
if necessary.
The first resource estimate, published in
December 2019 and based on an open-pit model, resulted in an
inferred resource of 1.6 million ounces of gold hosted in 71.0
million tonnes at an average grade of 0.69 grams of gold per tonne
with a waste to ore strip ratio of 1.1: 1. In addition, a
significant potential for increasing the current mineral resources
has been identified with the possible extension of the pit to the
west. This is what the current drill results seem to indicate,
along with the possibility of adding an additional 25% more ounces
of gold on the Cheechoo property in the event of an agreement with
the owners of the neighbouring property can be reached to access
this material). The resource estimate was defined using US $ 1,300
per ounce of gold and a cut-off grade of 0.3 g/t Au (ref. Press
release of December 11, 2019, NI report 43-101,
www.sirios.com).
The significant results are illustrated on the
vertical section and presented in the table below.
Figures accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0b7bfa60-ece8-4f7e-b63b-c0b959ed0b8d
https://www.globenewswire.com/NewsRoom/AttachmentNg/4a70929d-ac90-44db-bfbd-ce4b43264f86
SIGNIFICANT DRILL RESULTS #246, 248, 249, 251, 253,
2541 |
Drill holes CH19- |
From |
To |
Width |
Au (g/t) |
246 |
83.5 |
96.1 |
12.6 |
0.4 |
|
111.3 |
123.1 |
11.8 |
0.5 |
|
134.3 |
145.4 |
11.1 |
2.2 |
|
incl. 137.0 |
141.6 |
4.6 |
4.7 |
|
192.5 |
219.0 |
26.5 |
1.2 |
|
incl. 194.0 |
204.6 |
10.6 |
2.4 |
|
207.7 |
213.0 |
5.3 |
1.1 |
|
226.5 |
232.5 |
6.0 |
0.6 |
|
|
|
|
|
248 |
28.0 |
47.6 |
19.6 |
1.0 |
|
incl. 40.9 |
44.9 |
4.0 |
4.6 |
|
124.5 |
130.4 |
6.0 |
0.4 |
|
|
|
|
|
249 |
223.0 |
241.0 |
18.0 |
0.5 |
|
|
|
|
|
251 |
204.0 |
212.7 |
8.7 |
0.4 |
|
259.2 |
264.6 |
5.4 |
0.3 |
|
|
|
|
|
253 |
130.0 |
142.5 |
12.5 |
1.1 |
|
incl. 131.8 |
136.4 |
4.6 |
2.2 |
|
148.6 |
162.0 |
13.4 |
0.4 |
|
167.3 |
190.3 |
23.0 |
0.3 |
|
195.5 |
255.0 |
59.5 |
0.5 |
|
incl. 228.8 |
234.6 |
5.8 |
1.1 |
|
286.0 |
293.5 |
7.5 |
0.7 |
|
|
|
|
|
254 |
286.4 |
301.0 |
14.6 |
0.6 |
|
incl. 289.4 |
293.1 |
3.7 |
1.2 |
1 The mineralized intervals were selected following the
criteria used for the resource estimate of 0.3 g/t Au (cut-off
grade) and a minimum length of 5 m.
A table of collar coordinates is available at the following
link:
https://www.sirios.com/bd-coordinates-drilled-20200512
The winter 2019 drilling campaign on Cheechoo included 22
NQ-size drill holes, for a total of 5,237 meters drilled. Due to
the restrictions associated with the COVID-19 pandemic, assay
results were received with a significantly longer than normal
delay.
Sirios’100% owned Cheechoo property is located in the Eeyou
Istchee James Bay region of Quebec, approximately 800 km north of
Montreal, 200 km east of Wemindji and less than 10 km from
Goldcorp’s Éléonore gold mine. The property hosts the Cheechoo
deposit of Sirios where the first resource estimate defined more
than 1.6 million gold ounces with a strong potential for an
increase.
Assay quality control
All NQ drill core are logged by Sirios personnel at the Cheechoo
exploration camp. The drill core is then sent to Rouyn-Noranda to
be sawed in half, with one half sent to a commercial laboratory for
assaying and other half kept for future reference. A strict QA/QC
program is in place by integrating blanks and certified reference
standards to the core sample sequence. The samples are assayed for
gold by fire assay with an atomic absorption finish by Actlabs.
Samples assaying greater than 2 g/t Au as well as drill core
samples with visible gold are assayed by fire assay with metallic
sieve on a 1 kg sample.
Jordi Turcotte, MSc., 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 Sirios
Founded 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.
To contact us:Sirios Resources Inc.Dominique
Doucet, Eng., President, CEO ddoucet@sirios.com Tel.: (514)
510-7961
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