Update of Sirios’ activities in the Eeyou Istchee James Bay Region, Quebec
TSX-V : SOI June 12, 2023
Update of Sirios’ activities in the Eeyou Istchee James Bay Region, Quebec
Montreal (Quebec) – The management of Sirios Resources Inc. (TSX-V: SOI) announces that
the suspension of its exploration activities initiated on June 4 in the Eeyou Istchee James Bay
region is continuing. This suspension will continue as long as the restriction of access to the public
forest is maintained by the Government of Quebec in order to prevent new fires. The management
of Sirios wish es to indicate that they greatly appreciate the efforts made by the various
organizations involved in the fight against the current forest fires as well as the solidarity of aid
and support to the local communities and victims of this situation.
Before the halt of fieldwork, the Sirios exploration team completed the following tasks on its
Cheechoo gold property:
- Collection of 10 composite samples , totaling 570 kg for mineralogical studies and
metallurgical recovery. These samples came from drill core intervals and new channel samples
targeting representative areas with various tungsten grades previously observed in tonalite or meta-
sedimentary rocks. The objective of these tests is to verify whether tungsten , in association with
the Cheechoo gold mineralization, could become a by -product of interest, thereby increasing the
value of the deposit.
- Locating on the ground, using differential GPS, future sites for exploration trenching to
be carried out this summer east of the Cheechoo gold deposit.
- Collecting and shipping of a hundred drill core samples from various intervals of previous
drilling in order to test the new Photon Assay analysis technique at the MSALABS laboratory in
Val-d'Or.
About Cheechoo Property
The Cheechoo gold property is 100% owned by Sirios and consists of 306 claims covering an area
of 157 km2, divided into three non -contiguous blocks. It is located in Eeyou Istchee James Bay,
Quebec, less than 9 km from Newmont’s Eleonore gold mine and is easily accessible by all-season
roads. The property hosts the Cheechoo gold deposit. It’s most recent resource estimate, 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 with significant potential to increase this resource (BBA, PLR Resources, P-L. Richard, P.
Geo.; D. Evangelista, P. Eng., K. Ford NI 43-101 Technical Report, Mineral Resource Estimate
Update for The Cheechoo Project, 12/23/2022).
About Sirios
Sirios Resources is a Canad ian-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 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 caus e 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 f ailures 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 forw ard-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 wit hin 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.
Contact :
Dominique Doucet, Eng., President
Tel. : 514-510-7961
Website : www.sirios.com