Sirios Extends the Gold Zone over 400 metres in the Metasediments East of the Cheechoo Gold Deposit
TSX-V: SOI
OTCQB: SIREF
December 12, 2023
Sirios Extends the Gold Zone over 400 metres in the Metasediments East of the
Cheechoo Gold Deposit
Montreal, QC – Management of Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF) are pleased to
announce the results of 7 diamond drill holes that were completed as part of a drilling program aimed
at expanding the recently discovered mineralized zone in the metasediments (ref.: Press release
11/08/2022), located 300 meters east of the Cheechoo deposit . The Cheechoo deposit currently contains
indicated resources of 1.4 Moz Au as well as inferred resources of 500,000 ounces of gold (BBA, MRE
Update for the Cheechoo Project , 07/20/2022). The Cheechoo gold property, 100% owned by Sirios, is
located less than 10 km from Newmont's Éléonore gold mine in Eeyou Istchee Baie-James, Quebec.
Highlights:
• The 7 follow -up drill holes, completed in November 2023, all intersected the targeted
mineralized zone (Table 1) with multiple significant gold assays near surface , thus
demonstrating the strong continuity of this zone.
• 3.2 g/t Au over 9.0 metres (hole #301) was intersected 50 metres below the trench, which had
previously returned 2.7 g/t Au over 11.0 metres at surface(Trench 2022-B).
• These results define a mineralized zone with a northwest -southeast orientation, extending over
400 metres in length and with an average width of 10 metres (Figure 1). This zone, present at
the surface, has been traced to a depth of 100 metres and remains open in all directions.
• The 7 holes intersected the zone outside the conceptual pit limits of the 2022 Mineral Resource
Estimate (MRE).
• The Cheechoo metasediment mineralized zone is a new gold zone that was discovered at surface
in trenches during the summer of 2022. This zone shares geological characteristics similar to
those of the neighboring Éléonore mine, including gold mineralization associated with pyrrhotite
and arsenopyrite in meta -greywackes near the boundary between the La Grande and Opinaca
geological sub-provinces.
TABLE 1 : SIGNIFICANT RESULTS
Drill Hole
CH23- From (m) To (m) Au (g/t) Length* (m) Inside/Outside of MRE
Conceptual Pit
269E 121.0 132.5 0.85 11.5 Outside
298
11.0 15.5 0.64 4.5 Outside
27.0 39.5 1.45 12.5 Outside
81.5 86.7 0.59 5.2 Outside
299 52.0 56.0 1.19 4.0 Outside
61.0 90.5 0.67 29.5 Outside
301
29.0 49.5 0.74 20.5 Outside
56.5 65.5 3.18 9.0 Outside
Incl. 56.5 57.5 16.71 1.0 Outside
302 94.0 101.3 0.81 7.3 Outside
91.5 114.0 0.97 22.5 Outside
303 121.0 128.5 1.38 7.5 Outside
135.5 140.1 0.69 4.6 Outside
304 20.5 27.5 0.54 7.0 Outside
38.5 63.0 0.66 24.5 Outside
* Length along drill hole. Not necessarily equal to true width.
Intervals greater than 0.35 g/t Au with a maximum of 3 consecutive metres of waste material.
Table of drill holes coordinates is available at: www.sirios.com/bd-coordinates-drilled-20231212
Figure 1: Location of drill holes completed in November 2023 in the metasediments area.
Dominique Doucet, President and CEO of Sirios, stated: “We are very pleased with the results obtained
during this drilling program. The fact that all the drilling targeting gold zone has intersected significant
gold mineralization represents a remarkable exploration success. In addition , the expansion of this
continuous zone in the metasediments shows the potential for resource growth of the Cheechoo deposit
beyond the tonalite intrusion. More particularly, this new gold corridor makes it possible to generate very
interesting exploration targets towards the northwest, over several hundred metres, or even kilometres.”
Analytical quality control
The complete drilling campaign included nine holes for a total of 1,108 metres. All the drill core was
described and sampled by Sirios staff at the Cheechoo exploration camp. The core was split 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. A total of 627 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 analyzed until
extinction with the Photon AssayTM method. Five samples with a background levels too high in U/Th to be
analyzed by Photon AssayTM were sent to the MSALABS laboratory in Langley, Ontario to be analyzed by
fire assay with atomic absorption finish. Whole rock geochemical analysis was also carried out by ICP -
MS and ICP-EOS on all samples.
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.
About the Cheechoo Property
The Cheechoo gold property, 100% owned by Sirios, is located in Eeyou Istchee James Bay in Quebec,
200 km east of Wemindji and less than 10 km from the Newmont’s Eleonore gold mine. The project'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.: 12/06/2022 Press
Release).
About Sirios
Sirios Resources is a Canadian mining exploration company focused on developing its portfolio of high-
potential gold and lithium properties in the Eeyou Istchee James Bay region of Quebec.
Cautionary note regarding 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, unce rtainties 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 Chief Executive Officer
450-482-0603
Website: www.sirios.com