Sirios Resources congratulates Dhilmar for successfully acquiring the Eleonore Gold Mine
Sirios Resources congratulates Dhilmar
for successfully acquiring the Eleonore
Gold Mine
November 25, 2024
Montréal, QC – Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF) (“Sirios” or the “Company”) is
pleased to congratulate Dhilmar, a newly established UK-based private mining company, on its
successful acquisition of the Eleonore Gold Mine, located 15 km from Sirios’ wholly-owned
Cheechoo gold deposit.
Dominique Doucet, President and CEO of Sirios Resources, expressed his enthusiasm: “We are
delighted to welcome Dhilmar as our new neighbor operating the Eleonore Mine. Their presence will
significantly contribute to unlocking the gold potential of the Opinaca area in Eeyou Istchee, a
region where we share similar ambitions. ” This acquisition marks a promising development for the
area's mining industry, fostering collaboration and growth opportunities in gold exploration and
production.
About the Cheechoo Property
Located less than 15 km from Newmont's Éléonore gold mine in the Eeyou Istchee James Bay
territory of Québec, the Cheechoo property, 100% owned by Sirios, contains an untapped gold
deposit with excellent expansion and development potential.
The most recent mineral resource estimate (MRE) reported, for an open-pit model, using a USD 1,650
gold price:
Indicated resources: 1.4 million ounces at an average grade of 0.94 g/t Au;
Inferred resources: 500,000 ounces at an average grade of 0.73 g/t Au.
Source: BBA, Mineral Resource Estimate Update for the Cheechoo Project, 23/12/2022
Underground mining scenarios have not been evaluated in the 2022 MRE.
Learn more about Cheechoo at sirios.com/en/cheechoo
Qualified Person Statement and NI 43-101 Disclosure
The Mineral Resource Estimate mentioned in this press release conforms 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 e Ưective 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
suƯicient to imply but not verify geological and grade or quality continuity.
About Sirios
Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF) is a Quebec-based mineral exploration company
focused on developing its 100%-owned Cheechoo gold property, located in Eeyou Istchee James
Bay, Canada.
For more information, please contact:
Dominique Doucet, CEO
450-482-0603
www.sirios.com
Cautionary note regarding forward-looking statements
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 di Ưer materially
from those expressed or implied by such forward-looking information. Factors that could cause
actual results to diƯer 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.