Update on Sirios’ activities
TSX-V: SOI July 25, 2022
Update on Sirios’ activities
Montreal (Quebec) – The management of Sirios Resources Inc. (TSX-V: SOI) is pleased to announce
an update on the work in progress on its two main projects, the Cheechoo and Aquilon gold properties.
CHEECHOO:
Resource estimate update
Sirios recently awarded consulting firms BBA Inc. and PLR Resources Inc. the mandate for updating the
mineral resource estimate. One of the main objectives of this estimate will be to define, for the first time,
indicated resources for the Cheechoo gold deposit. This conversion from inferred to indicated resources
will increase the robustness of the Preliminary Economic Study (PEA) that will be carried out thereafter.
Exploration and development work
Prospecting work was carried out during the months of June and July 2022 in the area to the east of the
2020 conceptual pit in order to extend the new gold zone which was intersected in the meta-
sedimentary rocks during the summer 2021 drilling program (ref. press release of 14/12/2021 ). A total
of 61 samples were collected from this area and are currently awaiting processing at the ALS laboratory
in Val d’Or.
Representative samples of the Cheechoo gold mineralization were also collected for further metallurgical
testing in order to determine the optimal processing procedure for the Cheechoo deposit.
Infrastructure improvements
Improvements and renovations to the Cheechoo camp have been successfully completed, increasing
the camp's accommodation capacity, which will allow for an increased capability for future exploration
and development activities.
Finally, improvement work on the project's access road was also successfully completed. The
Cheechoo camp is now easily accessible by pickup truck or other light vehicle, which will increase the
access and improve the timing of future exploration and development work.
AQUILON:
Phase 1 of the Aquilon “relogging” program (comprehensive and standardized description of historical
drill core) was completed at the end of June. The information resulting from this relogging program will
allow new 3D modeling to be carried out that will include the new structural data collected in the fall of
2021. This update of the geological modeling of the Aquilon property represents one of the first stages of
a systematic exploration program that will continue into 2024.
About the Cheechoo Property
The Cheechoo gold property is 100% owned by Sirios and consists of 225 claims covering an area of 118
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 project's most
recent resource estimate (October 2020) delineated inferred resources of 2.0 million ounces of gold
contained in 93.0 million tonnes at 0.65 g/t Au , with significant potential to increase in this resource
(BBA, P-L. Richard, P. Geo.; J. Torrealba, P. Eng.; D. Evangelista, P. Eng., NI 43-101 Technical Report,
Mineral Resource Estimate Update for The Cheechoo Project, 31/10/2020).
About the Aquilon Property
The Aquilon gold property is 100% owned by Sirios and consists of 140 claims covering an area of 68
km2. 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. Some drill intercepts on the Aquilon project are among the highest grades obtained in
Quebec, including 12,906.5 g/t Au over 0.20 m (Lingo showing), 3,527.4 g/t Au over 0.40 m (Moman
showing) and 133.67 g/t Au over 0.82 m (Fleur-de-Lys showing) (ref. press releases of 26/06/2008 and
19/01/2011).
The scientific and technical content of this press release has been reviewed and approved by Jordi
Turcotte, P.Geo. and Roger Moar, P.Geo., both qualified persons under National Instrument 43-101.
About Sirios
A pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay in Quebec, Canada,
Sirios Resources inc. is focused primarily on its Cheechoo gold discovery while actively exploring the
high gold potential of its other properties.
About BBA
BBA has been providing a wide range of consulting engineering services for more than 40 years. Today,
its engineering, environmental and commissioning experts team up to quickly and accurately pinpoint the
needs of industrial and institutional clients. The firm’s expertise is recognized in the fields of mining and
metals, power, biofuels and oil and gas. With 15 offices across Canada to provide clients with local support
and field presence, BBA is recognized for providing some of the industry’s most innovative, sustainable
and reliable solutions. www.bba.ca
About PLR Resources
PLR Resources is dedicated at providing high-quality geological consulting services to its clients.
Specializing in Mineral Resource Estimates, the firm also offers a wide variety of services where the
objective is to provide highly skilled professional experts bringing significant added value. www.plr-
resources.com
Contact :
Dominique Doucet, P.Eng., President, CEO
Tel.: (514) 918-2867
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.
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