Sirios Extends the Eclipse Zone 400 Metres Downdip and it Remains Completely Open
TSX-V: SOI
OTCQB: SIREF
April 17, 2024
Sirios Extends the Eclipse Zone 400 Metres Downdip and it Remains Completely
Open
Montreal, QC – Sirios Resources Inc. (“Sirios” or the “Company”) (TSX-V: SOI; OTCQB: SIREF) is
pleased to provide the final analytical results from the 3,200 metre winter 2024 drilling program in the
Eclipse Area of the Cheechoo gold project located in Eeyou Istchee James Bay, Quebec. The drill program
successfully confirmed the continuity of the Eclipse Zone, significantly extended the zone at depth
and intersected gold in new areas outside the main Eclipse Zone.
Drill Result Highlights:
105.21 g/t Au over 0.8 m, included in 14.16 g/t Au over 6.4 m (CH24-305)
24.42 g/t Au over 1.0 m, included in 3.89 g/t Au over 7.0 m (CH24-306)
12.82 g/t Au over 0.8 m (CH24-311)*
28.47 g/t Au over 1.0 m (CH24-313)*
10.64 g/t Au over 1.5 m (CH24-314)*
4.05 g/t Au over 3.8 m (CH24-314)
47.65 g/t Au over 0.9 m, included in 4.48 g/t Au over 10.5 m (CH24-316)
*Outside the main Eclipse Zone
All drill holes intersected the Eclipse Zone, confirming its excellent continuity (Figure 1). The
program extended the mineralized zone to more than 400 meters downdip to the north and nearly 120
meters laterally (Figure 2). The winter 2024 drilling program also intersected several high-grade gold
intervals outside of the main Eclipse Zone , which suggests the possible presence of other high-grade
subparallel zones (“stacked zones”).
“We are very pleased with the results obtained in this drill campaign. The high-grade nature of the Eclipse
Zone, its excellent continuity, its dip angle and the fact that mineralization begins at surface are all
favorable characteristics for potential underground mining development. Sirios will therefore be able to
assess the mining potential of this zone for development using a ramp,” commented Dominique Doucet,
CEO of Sirios.
Figure 1: Vertical section of the high-grade Eclipse Gold Zone. See the location of this section in Figure 3.
Figure 2: Inclined longitudinal section of the high-grade Eclipse Gold Zone.
TABLE 1: MAIN RESULTS
Drill Hole CH24- From (m) To (m) Au (g/t) Length (m)
305
134.0 135.5 4.59 1.5
251.5 257.9 14.16 6.4 *
Incl. 256.2 257.9 51.41 1.7 *
Incl. 256.2 257.0 105.21 0.8 *
306 312.3 319.3 3.89 7.0 *
Incl. 316.3 317.3 24.42 1.0 *
307 79.6 80.6 4.40 1.0 *
308 51.0 52.5 0.98 1.5 *
309 41.0 42.5 1.41 1.5 *
310 105.0 106.5 1.89 1.5
372.8 373.8 0.99 1.0 *
311
146.2 149.9 2.52 3.7
202.6 203.4 12.82 0.8
226.0 233.5 1.13 7.5
268.5 274.4 0.52 5.9 *
312 336.3 350.4 0.80 14.1
337.4 344.0 1.22 6.6 *
313
40.7 41.7 28.47 1.0
276.5 295.8 0.73 19.3 *
Incl. 282.0 283.0 0.99 1.0 *
314
95.5 97.0 10.64 1.5
109.0 110.0 4.25 1.0
233.5 237.3 4.05 3.8 *
315 244.4 246.3 2.39 1.9 *
Incl. 244.4 245.4 4.19 1.0 *
316
231.0 232.0 6.16 1.0
304.5 315.0 4.48 10.5 *
Incl. 304.5 311.0 6.92 6.5 *
Incl. 305.6 306.5 47.65 0.9 *
* Eclipse Zone.
Interval lengths are measured along the holes and do not necessarily equate to true thickness.
Table of drill holes coordinates is available at: www.sirios.com/bd-coordinates-drilled-20240417
About the Eclipse Area
A large volume resource of 1.4 million ounces of gold (Indicated) and 500,000 ounces of gold
(Inferred) has already been delineated in the main area of the Cheechoo deposit (Figure 3). The Eclipse
area includes a high-grade gold zone that has not been included in the current resource. For more
information, see the Eclipse Area Presentation.
Figure 3: Location of the Eclipse area in the Cheechoo gold deposit.
About the Cheechoo Property
The Cheechoo Gold property, 100% owned by Sirios, is located in Eeyou Istchee James Bay, Quebec, 200
km east of Wemindji and less than 10 km from Newmont’s Éléonore gold mine. The property’s latest
resource update delineated, for an open pit model, Indicated Resources of 1.4 million ounces of gold
contained in 46.3 million tonnes at an average grade of 0.94 g/t Au , as well as Inferred Resources of
500,000 ounces of gold contained in 21.1 million tonnes at a grade of 0.73 g/t Au (ref.: press release of
06/12/2022).
About Sirios
Sirios Resources is a Quebec-based mineral exploration company focused on developing its portfolio of
high-potential gold properties in Eeyou Istchee James Bay, Canada.
Analytical quality control
The drill core was described and sampled by Sirios staff at the Cheechoo exploration camp. The core was
sawn into two halves, one sent to a certified commercial laboratory for analysis, and the other retained for
future reference. Following a strict analytical quality assurance and control program, blanks and certified
reference materials were integrated into the sampling sequence. Samples were assayed for gold, on
approximately 500g of crushed material, with the Photon Assay TM method (PAAU02) at the MSALABS
laboratory located in Val-d’Or. Samples with the presence of visible gold were assayed using the entire
sample material with the Photon AssayTM method.
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, qualified persons
under National Instrument 43-101.
Forward-Looking Information
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.
The estimate of Inferred Mineral Resources mentioned in this press release conform to National
Instrument 43-101 standards and was prepared by Pierre-Luc Richard, P. Geo., independent qualified
person, as defined by NI 43-101 guidelines. The effective date of the estimate is July 20, 2022. The above-
mentioned mineral resources are not mineral reserves as they do not have demonstrated economic
viability. The quantity and grade of the reported Inferred Mineral Resources are conceptual in nature and
are estimated based on limited geological evidence and sampling. Geological evidence is sufficient to
imply but not verify geological and grade or quality continuity.
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.
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Contact:
Dominique Doucet, P.Eng., President and CEO
450-482-0603
Website: www.sirios.com