Column Leach Test Results Exceed Expectations for the Cheechoo Gold Project, Quebec
TSX-V : SOI February 3, 2021
Column Leach Test Results Exceed Expectations for the Cheechoo
Gold Project, Quebec
Montreal, Quebec - The management of Sirios Resources Inc. (TSXV: SOI) is pleased to
announce the results of metallurgical tests that were performed on approximately 500 kg of a
composite sample material, representative of gold mineralization on the Cheechoo property.
These tests, performed by the renowned firm KCA over several months in Reno, Nevada, were
completed in January 2021.
After 151 days of column leaching, with a crushing size of 6.3 mm, gold recoveries were 80% at
20°C and 76% at 4°C (Table 1). The tests were conducted at various temperatures to simulate
conditions t hat could be encountered in an environment simulating crushed and stacked
mineralized material in the Cheechoo Project are a. The average gold recovery results obtained
were 78%, which is higher than the typical gold recoveries for heap leach projects (55-75%)
according to the Canadian Mining Journal.1
The tests also showed that reagent consumption remained low throughout the leaching process
(average of 1.93 kg/t NaCN).
Temp.
Calculated
Head Grade
(g/t Au)
Gold
Extracted
Consumption
of NaCN (kg/t)
Addition
Cement
(kg/t)
Days of
Leach
Crush Size
(mm)
Crush
Type
20°C 0.967 80% 2.45 2.02 151 6.3 HPGR2 4°C 0.802 76% 1.40 2.02
Table 1: Summary of Column Leach Work
Dominique Doucet, founder and CEO of Sirios, stated: "Several gold processing options are
being evaluated for the Cheechoo Project, including heap leach and conventional mill treatment.
However, the results released today are very encouraging and clearly demonstrate that heap leach
is a viable option for recovering gold from the Cheechoo deposit. Now that these tests have been
completed, the next step for the project will be to conduct a definition drilling program planned
1 Canadian Mining Journal, 2020-09-01, « Sorting through the heap »,
www.canadianminingjournal.com/features/sorting-through-the-heap
2 High Pressure Grinding Rolls
for the summer of 2021, with the goal of completing a Preliminary Economic Assessment (PEA)
study thereafter.”
About heap leaching
Column leach tests are metallurgical tests specifically designed to evaluate the gold recovery rate
using the heap leach extraction method.
Heap leaching is a method of recovering precious metals that is widely used throughout the
world, particularly in the United States (Nevada, Colorado, Alaska). It is also the method used at
the Eagle Gold mine in the Yukon (operated by Victoria Gold) , one of th e most recent gold
mines to go into production in Canada (2020). In addition to mining a style of mineralization,
similar to that of Cheechoo (free gold from a Reduced Intrusion-related Gold System), the Eagle
Gold mine is located in northern Canada and operates in cold weather conditions similar to those
found on the Cheechoo property.
When the type of mineralization is appropriate (which seems to be the case for Cheechoo), heap
leaching is a simple, low-cost process that can be very advantageous as it can result in significant
savings in capital expenditures (CAPEX) and operating costs (OPEX), which can significantly
improve a project's economics.
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.3
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:
3 BBA, Mineral Resource Estimate Update for The Cheechoo Project, 31/10/2020
This news release contains "forward -looking inform ation" 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 actua l 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; unc ertainties 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 deve lopment 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 obl igation 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 th e Rules of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact :
Dominique Doucet, President, CEO, Eng.
Tel. : (514) 918-2867
website : www.sirios.com