Sirios signs a 7,500m drilling contract with Boart Longyear for the Cheechoo Gold Project, Quebec
TSX-V : SOI March 24, 2021
Sirios signs a 7,500m drilling contract with Boart Longyear for the
Cheechoo Gold Project, Quebec
Montreal (Qu ebec) – The management of Sirios Resources Inc. (TSXV: SOI) is pleased to
announce the signing of a reverse circulation drilling contract with Boart Longyear . The drill
contract will include a minimum 7,500 metre program to commence this summer on the
Cheechoo gold property in Eeyou Istchee James Bay, Quebec.
Reverse Circulation Drilling
The campaign will be carried out using reverse circulation drilling (RC drilling), a reliable
drilling technology widely used throughout the world. RC drilling is particularly advantageous
for definition drilling in advanced projects targeting near -surface deposits. RC drills are
significantly faster and less expensive than diamond drills, resulting in more holes drilled during
this campaign and at a lower cost per meter.
Due to the larger diameter of the drilled hole, RC drilling allows for larger, more representative
samples, which is particularly more suitable for gold deposits where mineralization is err atically
distributed (nugget effect). Sampling is also faster , since the RC cuttings are sent from the drill
rig to the laboratory with fewer intermediate steps, such as eliminating delays related to core
sawing.
On the Cheechoo project, RC drilling will allow us to achieve our objective of deposit definition
by providing reliable geological data in a more timely and cost-effective manner.
Campaign Objective
The objective of this summer's drilling program will be to better define the Cheechoo deposit and
subsequently initiate a new resource estimate update (starting in 2022). This update is expected
to convert a significant amount of the inferred resources to indicated resources. Improving the
classification of the project's gold resources will allow us to improve the market valuation of the
Cheechoo deposit as well as taking the project to a more advanced stage by completing a
Preliminary Economic Assessment (PEA).
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.
About Boart Longyear
Established in 1890, Boart Longyear is the wor ld’s leading provider of drilling services, drilling
equipment and performance tooling for mining and drilling companies.
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.1
About Sirios
A pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay, Quebec,
Canada. Sirios Resources Inc. is primarily focused on its Cheechoo gold discovery while actively
exploring the high gold potential of its other properties.
Neither 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.
Contact :
Dominique Doucet, President & CEO, P.Eng.
Tel. : (514) 918-2867
website : www.sirios.com
1 BBA, Mineral Resource Estimate Update for The Cheechoo Project, 31/10/2020