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Sirios Resources Inc. (SOI.V)

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  • Sirios starts its drilling program on the Cheechoo Gold Project, Quebec
    GlobeNewswire

    Sirios starts its drilling program on the Cheechoo Gold Project, Quebec

    MAP1EN map1 MAP2EN map2 MONTREAL, July 07, 2021 (GLOBE NEWSWIRE) -- The management of Sirios Resources Inc. (TSXV: SOI) is pleased to announce the commencement of a 2,500-metre diamond drill program on its Cheechoo gold property in Eeyou Istchee James Bay, Quebec. In addition to definition drilling, the program will test exploration targets outside of the limits of the Cheechoo gold deposit, as well as a target at depth on the extension of the deposit itself. From south to north, the first hole

  • Sirios starts a major re-assaying program for the Cheechoo Gold Project, Quebec
    GlobeNewswire

    Sirios starts a major re-assaying program for the Cheechoo Gold Project, Quebec

    MONTREAL, April 28, 2021 (GLOBE NEWSWIRE) -- The management of Sirios Resources Inc. (TSXV: SOI) is pleased to announce that a major re-assaying program was initiated recently for the Cheechoo gold project, Eetou Istchee James Bay, Quebec. Several thousand core samples used to define the Cheechoo gold deposit may be re-assayed using the “LeachWELL” process (cyanide bottle roll leach) on one kilogram of material per sample. To date, 643 samples have been sent to the AGAT and Actlabs laboratories. This program results from a statistical analysis conducted by Sirios’ geologists showing that the gold grade is generally higher and more representative when the sample weight is greater than the 50 grams normally used in laboratory. This relationship between the measured gold grade and the size of the assayed sample is typical of the “nugget effect” and was confirmed by previous mineralogical and metallurgical studies. Dominique Doucet, founder and CEO of Sirios, stated: "Based on the results of the re-sampling program, we believe that the average gold grade of the Cheechoo deposit will improve. The drilling program that will be carried out this summer and the re-assaying program will increase the quality of the Cheechoo deposit and possibly the average gold grade. " The scientific and technical content of this press release has been reviewed and approved by Dominique Doucet, P.Eng. President and CEO of Sirios Resources Inc. and Jordi Turcotte, P.Geo., Senior Geologist, Qualified Persons as defined by NI 43-101. About the Cheechoo Property The Cheechoo gold property, wholly-owned by Sirios, is located in Eeyou Istchee James Bay, Quebec, less than 9 km from Newmont’s Eleonore gold mine. The latest resource estimate for the Cheechoo project (October 2020) estimated an inferred resource of 2.0 million ounces of gold contained in 93.0 million tonnes of rock at an average grade of 0.65 g/t Au, with significant potential to increase this resource.1 About Sirios A pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay, Quebec, Canada, Sirios Resources Inc. is focusing primarily on its Cheechoo gold discovery, while actively exploring for the gold potential of its other properties. Forward-Looking Statements: This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company’s public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Rules of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Contact :Dominique Doucet, President, CEO, Eng.Tel. : (514) 918-2867ddoucet@sirios.comwebsite : www.sirios.com ____________________________1 BBA, Mineral Resource Estimate Update for The Cheechoo Project, 31/10/2020

  • Sirios signs a second drilling contract with Synee Drilling for the Cheechoo Gold Project, Quebec
    GlobeNewswire

    Sirios signs a second drilling contract with Synee Drilling for the Cheechoo Gold Project, Quebec

    MONTREAL , April 20, 2021 (GLOBE NEWSWIRE) -- The management of Sirios Resources Inc. (TSXV: SOI) is pleased to announce the signing of a diamond drilling contract with Synee Drilling Inc. to carry out a minimum of 2,500 metre, to commence this summer on the Cheechoo gold property in Eeyou Istchee James Bay, Quebec. The drilling program will test mainly gold exploration targets located outside the Cheechoo deposit as well as its extension at depth. This drilling will be carried out in addition to the recently announced 7,500 metre infill reverse circulation (RC) program. The objective of this summer's reverse circulation drilling program will be to better define the Cheechoo deposit and subsequently initiate a new resource estimate update (starting in 2022). This update is expected to convert a significant amount of the inferred resources to indicated resources. Improving the classification of the project's gold resources will allow us to improve the market valuation of the Cheechoo deposit, as well as taking the project to a more advanced stage by completing a Preliminary Economic Assessment (PEA). Increase in the trading volume of Sirios on the TSX-V Sirios' management wishes to inform its shareholders that all activities of the company are proceeding normally and that there is no known reason for the recent increase in trading volume on the stock exchange. The high volumes could be related to the end of the escrowed period on the flow-through shares issued in the last financing of Sirios. The scientific and technical content of this press release has been reviewed and approved by Dominique Doucet, P.Eng, President and CEO of Sirios Resources Inc. and Jordi Turcotte, P.Geo. About Synee Drilling Inc. Synee Drilling Inc., is a drilling services company owned 51% by Tawich Development Corporation (TDC) of Wemindji and 49% by Machines Roger International of Val-d’Or. About the Cheechoo Property The Cheechoo gold property, wholly-owned by Sirios, is located in Eeyou Istchee James Bay, Quebec, less than 9 km from Newmont’s Eleonore gold mine. The latest resource estimate for the Cheechoo project (October 2020) estimated an inferred resource of 2.0 million ounces of gold contained in 93.0 million tonnes of rock at an average grade of 0.65 g/t Au, with significant potential to increase this resource.1 About Sirios A pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay, Quebec, Canada. Sirios Resources Inc. is primarily focused on its Cheechoo gold discovery while actively exploring the high gold potential of its other properties. Neither 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 :Dominique Doucet, President & CEO, P.Eng.Tel. : (514) 918-2867ddoucet@sirios.comwebsite : www.sirios.com 1 BBA, Mineral Resource Estimate Update for The Cheechoo Project, 31/10/2020