Sirios Starts Exploration Drilling to the East of the Cheechoo Gold Deposit
TSX-V: SOI October 18, 2023
Sirios Starts Exploration Drilling to the East of the Cheechoo Gold Deposit
MONTREAL (QUEBEC) – Management of SIRIOS RESOURCES INC. (TSX -V: SOI) is
pleased to announce the start of a 1,200-metre diamond drilling program on Sirios' Cheechoo gold
property in Eeyou Istchee, James Bay, Quebec. The proposed holes will test the lateral and depth
continuity of gold mineralization discovered in the 2022 trenches (Figure 1), from which an
interval grading 2.65 g/t Au over 11.0 m (Figure 2) was obtained. This gold mineralization,
identified in meta -sedimentary rocks, was also intersected in holes #67, 129 and 269, which
included an interval of 0.9 g/t Au over 15.7 m (ref.: press release dated 04/24/2018).
Dominique Doucet, President of Sirios, stated: "We are very excited to follow up on the excellent
results we initially obtained on surface in the area we refer to as 'Meta-Sediments' outside the
Cheechoo deposit. Gold mineralization in this area is hosted in meta-greyackes, the same host rock
as the nearby Éléonore mine, suggesting the potential to discover not only a new zone, but perhaps
even another gold deposit."
Figure 1: Location of the three summer 2022 trenches and drill holes in the” Meta-Sediments” area.
Figure 2: Central part of stripping 2022-B.
About Cheechoo Property
Sirios’ 100% owned Cheechoo property is in the Eeyou Istchee James Bay region of Quebec,
approximately 800 km north of Montreal, 200 km east of Wemindji and less than 10 km from
Newmont’s Eleonore gold mine.
The last update of the mineral resource estimate for Cheechoo, based on an open pit constrained
model, includes an indicated resource of 1.4 million ounces of gold contained in 46.3 million
tonnes at an average grade of 0.94 g/t Au , and an inferred resource of 0.5 million ounces of
gold contained in 21.1 million tonnes at an average grade of 0.73 g/t Au (ref.: press release dated
12/06/2022).
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.
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, 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, f uture 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 October
31, 2020. The above -mentioned mineral resources are not mineral reserves as they do not have
demonstrated economic viability. The quantity and grade of the reported Infe rred 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, President,
P.Eng. Tel: (450) 482-0603
website:
www.sirios.com