Sirios Announces Drill Results Confirming Again the Continuity of Gold Mineralization at the Cheechoo Gold Deposit
TSX-V : SOI March 1st, 2022
Sirios Announces Drill Results Confirming Again the Continuity of Gold
Mineralization at the Cheechoo Gold Deposit
Montreal (Qu ebec) – The management of Sirios Resources Inc. (TSX -V: SOI) is pleased to
announce assay results from 8 additional diamond drill holes totaling 1,619 metres from the
September 2021 drilling program on the Cheechoo gold property, Eeyou Istchee James Bay,
Quebec.
The most significant results of this drilling are listed below:
3.46 g/t Au over 31.7 m, including 6.50 g/t Au over 6.6 m (CH21-279)
7.69 g/t Au over 9.9 m, including 68.84 g/t Au over 1.0 m (CH21-280)
6.18 g/t Au over 11.4 m, including 46.04 g/t Au over 1.0 m (CH21-280)
7.07 g/t Au over 9.0 m, including 50.40 g/t Au over 1.1 m (CH-288)
3.17 g/t Au over 17.4 m, including 16.74 g/t Au over 2.9 m (CH21-290)
0.85 g/t Au over 57.7 m (CH21-290)
0.78 g/t Au over 38.5 m (CH21-289)
Holes #270 and 280 show again th e continuity of gold mineralization in the area of the north -
eastern contact between the tonalite and the metasedimentary rocks. The gold zones were already
intersected by holes RC-01, RC-02, #281 and #285 of the 2021 campaign, with intervals assaying
up to 2.83 g/t Au over 55.0 m and 4 .90 g/t Au over 22.0 m (ref. press releases dated 2021/12/14
and 2022/02/09).
Further to the west, from the drill holes with assay results announced today, were intersected as
expected pluri-metric to deca-metric gold zones with grades varying from 0.4 g/t Au to 1.8 g/t
Au, including metric to pluri-metric zones with grades from 3.0 g/t Au up to 50.0 g/t Au.
These new diamond drilling results confirm again the contin uity of the gold mineralization in the
area of the conceptual pit defined in the 2020 Mineral Resource Estimate (see Figure #1). This
drilling data will be used in the preparation of the next mineral resource estimate for the
Cheechoo Project, scheduled to be completed this year and which is expected to include the
conversion of a significant amount of inferred resources to indicated resources . The summer
2021 drilling program included 30 NQ-size drill holes and 2 RC hole s totaling 6,789 meters .
There are still 6 drill holes with pending assay results.
Figure 1: Location of drill holes CH-279, 280, 286, 288 to 290.
SIGNIFICANT RESULTS OF THE 8 ANNOUNCED DRILL HOLES
Drill Hole CH21- From (m) To (m) Au (g/t) Length* (m)
279
11.2 42.9 3.46 31.7
Incl. 19.1 25.7 6.50 6.6
Incl. 19.1 20.1 28.76 1.0
Incl. 30.0 31.5 33.38 1.5
280
16.9 28.3 6.18 11.4
Incl. 23.1 24.1 19.23 1.0
Incl. 26.3 27.3 46.04 1.0
31.4 41.3 7.69 9.9
Incl. 34.4 35.4 68.84 1.0
64.1 69.8 2.62 5.7
Incl. 67.5 68.5 13.12 1.0
286
76.1 82.5 1.78 6.4
106.0 131.4 0.87 25.4
Incl. 112.0 115.0 3.76 3.0
288 7.6 47.0 0.43 39.4
178.0 187.0 0.66 9.0
191.5 217.5 0.38 26.0
232.0 241.0 7.07 9.0
Incl. 234.1 235.2 50.40 1.1
267.5 275.0 3.30 7.5
Incl. 269.5 270.8 11.13 1.3
279.5 288.1 0.68 8.6
291.7 306.0 1.18 14.3
Incl. 299.0 300.5 6.85 1.5
289
29.7 44.4 0.44 14.7
59.0 97.5 0.78 38.5
Incl. 76.3 77.3 9.65 1.0
103.5 120.0 0.40 16.5
174.8 184.5 0.52 9.7
200.5 223.2 0.75 22.7
Incl. 217.2 223.2 1.12 6.0
290
7.0 17.0 0.60 10.0
28.8 77.2 0.47 48.4
104.7 112.8 0.62 8.1
116.8 174.5 0.85 57.7
Incl. 133.3 137.3 6.20 4.0
Incl. 135.3 136.3 20.00 1.0
179.0 194.7 0.67 15.7
200.1 217.5 3.17 17.4
Incl. 201.1 204.0 16.74 2.9
* Length of core along hole, not true width. Intervals greater than 0.25 g/t Au with
a maximum of 3 consecutive metres of waste rock.
No significant results in holes #277 and 278 drilled more than 2 km north of the
Cheechoo deposit.
A table of drill colla r coordinates is available at the following link: www.sirios.com/bd-
coordinates-drilled-20220301.
Assay Quality Control
All NQ drill core is 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 0.2 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. Special certified reference standards (Assay Pills) were
used to ensure adequate quality control of gold assays on 1-kg of material.
The scientific and technical content of this press release has been reviewed and approve d by
Dominique Doucet, P.Eng. president and CEO of Sirios Resources Inc. and Jordi Turcotte,
P.Geo. senior geologist, both qualified persons under National Instrument 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 (BBA, P -L. Richard, P. Geo.; J. Torrealba, P. Eng.; D.
Evangelista, P. Eng., NI 43 -101 Technical Report , Mineral Resource Estimate Update for The
Cheechoo Project, 31/10/2020).
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 dis covery, while
actively exploring the gold potential of its other properties.
Forward-Looking Statements:
This press release contains "forward -looking statements" within the meaning of applicable
Canadian securities laws based on expectations, estimates an d projections as of the date of this
press release. Forward-looking statements involve risks, uncertainties and other factors that could
cause actual events, results, performance, expectations and opportunities to differ materially from
those expressed or implied by such forward -looking statements. Factors that could cause actual
results to differ materially from those indicated in such forward -looking statements include, but
are not limited to: capital and operating costs that differ materially from estima tes; the tentative
nature of metallurgical test results; delays or failures in obtaining required governmental,
environmental or other approvals; uncertainties related to the availability and cost of necessary
financing in the future changes in financial markets; inflation; fluctuations in metal prices; delays
in project development; other risks relating to the mineral exploration and development industry;
and risks disclosed in public filings of the Company on SEDAR at www. sedar.com. Although
the Company believes that the assumptions and factors used in preparing the forward -looking
statements contained in this news release are reasonable, readers should not place undue reliance
on this information, which speaks only as of the date of this news release, an d there can be no
assurance that such events will occur or occur within the time periods presented. The Company
disclaims any intention or obligation to update or revise any forward -looking statements, whether
as a result of new information, future events or otherwise, except as required by applicable 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) 918-2867
website : www.sirios.com