Sirios Announces New Drill Results Confirming the Continuity of Gold Mineralization at the Cheechoo Gold Deposit
TSX-V : SOI February 9, 2022
Sirios Announces New Drill Results Confirming the Continuity of Gold
Mineralization at the Cheechoo Gold Deposit
Montreal (Quebec) – The management of Sirios Resources Inc. (TSX-V: SOI) is pleased to
announce assay results from 8 additional diamond drill holes totaling 2,025 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:
2.83 g/t Au over 55.0 m, including 97.56 g/t Au over 1.1 m (CH21-285)
2.95 g/t Au over 28.9 m, including 72.36 g/t Au over 1.0 m (CH21-283)
4.12 g/t Au over 12.5 m, including 45.54 g/t Au over 1.0 m (CH21-284)
1.76 g/t Au over 23.8 m (CH21-051E)
2.65 g/t Au over 11.7 m, including 27.35 g/t Au over 1.0 m (CH21-283)
These 8 drill holes, located in the central part of the gold-bearing tonalite (the lithology that
encompasses the bulk of the Cheechoo deposit), confirm the continuity of gold mineralization
in the central portion of the conceptual pit shell, as defined in the 2020 Mineral Resource
Estimate (see Figure #1). This data will be used in the preparation of the next mineral resource
estimate for the Cheechoo Project, scheduled to be completed in 2022, and which is expected to
include the conversion of a significant amount of inferred resources to indicated resources .
The summer 2021 drilling program included 32 NQ drill holes totaling 6,789 meters. There are
still 14 drill holes with pending results.
Dominique Doucet, President and CEO, stated, “Once again, I am very pleased with the results of
this new round of drilling which confirms our interpretation and assessment of the potential of
the Cheechoo gold deposit. We continue to move forward towards our goal of developing a new
mineral resource estimate, followed by a PEA.”
Figure 1: Location of drill holes CH-051E, 275, 281 to 285 and 287.
Significant Results of the 8 Drill Holes
Drill Hole CH21- From (m) To (m) Length* (m) Au (g/t)
051E**
218.2 242.0 23.8 1.76
incl. 219.4 221.5 2.1 6.06
incl. 235.0 236.6 1.6 13.81
251.0 263.0 12.0 0.44
275 11.2 20.3 9.1 0.91
281 99.0 113.2 14.2 1.30
incl. 104.0 105.1 1.1 11.42
282
38.1 74.5 36.4 0.48
106.6 122.0 15.4 1.82
incl. 114.6 118.6 4.0 6.26
136.8 155.5 18.7 1.50
176.5 187.4 10.9 0.77
241.4 278.0 36.6 0.57
incl. 263.0 272.0 9.0 1.36
303.0 312.0 9.0 0.95
340.5 349.1 8.6 0.89
8.0 47.0 39.0 0.72
incl. 25.1 26.6 1.5 6.59
61.3 73.0 11.7 2.65
63.3 64.3 1.0 27.35
283 88.1 117.0 28.9 2.95
104.8 105.8 1.0 72.36
155.0 161.0 6.0 2.36
incl. 160.0 161.0 1.0 12.45
237.9 253.0 15.1 0.37
284
29.5 37.4 7.9 2.08
incl. 35.1 36.4 1.3 9.27
47.5 78.0 30.5 0.64
96.0 105.0 9.0 0.66
109.4 115.0 5.6 3.59
incl. 111.4 112.4 1.0 16.93
178.0 190.5 12.5 4.12
incl. 179.5 180.5 1.0 45.54
73.0 85.5 12.5 1.31
incl. 73.0 74.0 1.0 12.65
102.0 157.0 55.0 2.83
285 incl. 110.0 111.0 1.0 5.73
incl. 116.3 117.4 1.1 97.56
incl. 129.6 130.6 1.0 8.14
163.0 176.0 13.0 1.26
287
79.0 91.0 12.0 0.63
146.5 160.0 13.5 0.60
177.1 179.1 2.0 17.01
239.0 246.5 7.5 0.69
252.0 261.0 9.0 3.06
incl. 258.0 259.5 1.5 14.48
335.0 338.0 3.0 2.26
* 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.
** Extension of hole CH16-051 (from 201m).
A table of drill collar coordinates is available at the following link: www.sirios.com/bd-
coordinates-drilled-20220209.
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 approved 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 discovery, 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 and 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 estimates; 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, and 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