Sirios resumes exploration on Aquilon, Eeyou Istchee James Bay region, Quebec
TSX-V: SOI August 31, 2023
Sirios resumes exploration on Aquilon, Eeyou Istchee James Bay region, Quebec
Montreal (Quebec) – Management of Sirios Resources Inc. (TSX-V: SOI) is pleased to announce it is
resuming exploration work in the Eeyou Istchee James Bay region. The Sirios exploration team is
currently pursuing work on the Aquilon gold property in partnership with Sumitomo Metal Mining Canada
Ltd. (Sumitomo). Mapping and rock sampling on a series of trenches; a property -wide soil geochemical
survey; a structural study; and borehole and drone geophysical surveys will be undertaken in the coming
weeks.
An airborne LiDAR survey was completed last June over the entire property (67.4 km2). This survey is in
addition to large-scale geochemical till sampling, approximately 40-line km of Induced Polarization (IP)
ground geophysical survey, and twelve mechanically excavated trenches completed last March.
The current exploration program is financed by Sumitomo, with Sirios as operator. Sumitomo has the
option to earn an 80% interest in the Aquilon project by making an investment of $14.8 million (ref. press
release of 12/19/2022).
One-year extension to the validity of mining claims in regions affected by forest fires
Management of Sirios wishes to express its great appreciation for the exceptional measure recently
undertaken by the Quebec Ministry of Natural Resources and Forestry, which adds 12 months to the
current expiry date of an eligible claim. Eligible claims are mainly those acquired before January 1, 2022
and located in territories affected by extended forest access and circulation bans due to forest fires (ref.:
https://mrnf.gouv.qc.ca/en/mines/mining-rights/directives-notices/notices-2023/). This measure affects
876 claims held by Sirios covering 451 km2 in Eeyou Istchee Baie James.
About the Aquilon Project
The Aquilon gold property consists of 140 mineral claims covering an area of 68 km 2. It is located in
Eeyou Istchee James Bay, Quebec, 10 km south of the Laforge-1 hydroelectric power station and is easily
accessible by all -season roads. To date, 32 gold showings have been discovered on the property. Drill
intercepts on the Aquilon project are among the highest gold grades reported in Quebec (source: Sigeom),
which includes 12,906.5 g/t Au over 0.2 m (Lingo showing), 3,527.4 g/t Au over 0.4 m (Moman
showing) and 133.67 g/t Au over 0.8 m (Fleur-de-Lys showing) (ref. press releases
of 26/06/2008 and 19/01/2011). More information is available on the recently updated Aquilon Project
web page at sirios.com/en/our-projects/aquilon.
Roger Moar, P.Geo. and Dominique Doucet, P.Eng. qualified persons under NI 43-101 prepared and
verified the technical information in this press release and reviewed the final version of the text.
About Sirios
Sirios Resources is a Canadian -based mining exploration company focused on developing its portfolio
of high-potential gold and lithium properties in the Eeyou Istchee James Bay region of Quebec.
Contact :
Dominique Doucet, Eng., President
Tel. : 514-510-7961
Website : www.sirios.com
Cautionary Note Regarding 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.
-30-