Update on Sirios’ activities on its Cheechoo gold property
TSX-V : SOI September 21, 2022
Update on Sirios’ activities on its Cheechoo gold property
Montreal (Quebec) – The management of Sirios Resources Inc. (TSX-V: SOI) is pleased to announce
an update on the work recently completed on its Cheechoo gold property.
Mechanical stripping and channel sampling
Following the prospecting program completed earlier this summer, three outcrops (figure 1) were
mechanical stripped and channel sampled in the area of the metasediments, to the east of the conceptual
pit of the Cheechoo gold deposit. A total of 218 samples from 216 meters of channe ls were sent to the
ALS laboratory in Val-d'Or for gold assaying.
In this area, metasediments favo rable to gold mineralization ex tend from the tonalite hosting the
Cheechoo gold deposit to more than 500 meters to the east.
Figure 1: Location of the three 2022 stripped outcrops in the metasediments area.
Mineral Resource Estimate Update
The mineral resource estimate update c ontinues as planned. One of the main objectives of this update is
to define, for the first time, indicated resources for the Cheechoo gold deposit . This conversion from
inferred to indicated resources wi ll increase the robustness of th e Preliminary Economic Study (PEA)
that will be carried out thereafter.
1-kg Reanalysis program
Following the completion of the reanalysis program, a total of 2,626 1-kg sub-samples were re-assayed
at the Actlabs and AGAT laboratories. The reanalysis results show an overall increase of approximately
4% in the gold grade compared to the assays ca rried out previously on 50 g aliquots of the samples
(table 1). These 1-kg samples are considered more re presentative of the gold min eralization. Therefore,
in addition to indicating an increase in the average gold grade, this large numbe r of re-assays increases
the confidence in the control of the gold grade of the Cheechoo deposit.
Samples re-assayed as part of this program will be incorporated into the ongoing mineral resource
update.
Comparison of all 50 g assays and 1‐kg re‐assays
50 g (g/t Au) 1 kg (g/t Au) 1 kg/50 g
Average 0.52 0.54 + 4%
Median 0.38 0.39 + 3%
1 kg/50 g Average Difference1 + 12%
Number of samples 2,626
Table 1: Overall final results of the 1-kg reanalysis program.
Assay quality control
For the re-assay program, 1-kg aliquot s of reject material were taken from previous core samples and
assayed using the “LeachWELL TM” method at the AGAT laboratory a nd using the “metallic sieve”
method at the Actlabs laboratory.
Following a strict QA/QC program, bl anks and certified reference materials were integrated into the
sampling sequence. Special certified reference materi als (Assay Pills) were used to ensure adequate
quality control of the assays on 1 kg of material.
About the Cheechoo Property
The Cheechoo gold property is 100% owned by Sirios an d consists of 225 claims covering an area of
118 km2, divided into three non-contiguous blocks. It is located in Ee you Istchee James Bay, Quebec,
less than 9 km from Newmont’s Eleonore gold mine a nd is easily accessible by all-season roads. The
project's most recent resource estimate (Oct ober 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
1 Average of all the differences in grade between the assays on 1 kg divided by the assays on 50 g.
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).
The scientific and technical content of this pre ss release has been reviewed and approved by Jordi
Turcotte, P.Geo. and Guillaume Doucet, P.Geo., bot h qualified persons under National Instrument 43-
101.
About Sirios
A pioneer in the discovery of si gnificant gold deposits in Eeyou Istc hee James Bay in Quebec, Canada,
Sirios Resources inc. is focuse d primarily on its Cheechoo gold discov ery while actively exploring the
high gold potential of its other properties.
Contact :
Dominique Doucet, P.Eng., President, CEO
Tel.: (514) 918-2867
Website : www.sirios.com
Cautionary Note Regarding Forward-Looking Statements
This press release contai ns "forward-looking statements" within the meaning of applicable Canadian
securities laws based on exp ectations, estimates and projections as of the date of this press release.
Forward-looking statements invol ve risks, uncertainties and other fa ctors that could cause actual
events, results, performance, expectations and opportunities to differ materially from those expressed or
implied by such forward-looking stat ements. Factors that could cause act ual results to di ffer materially
from those indicated in such fo rward-looking statements include, but are not limited to: capital and
operating costs that differ materially from estimates ; the tentative nature of me tallurgical test results;
delays or failures in obtaining required governmenta l, 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 pr oject development; other risks relating to the mineral
exploration and development industry; and risks disclosed in publ ic filings of the Company on SEDAR
at www. sedar.com. Although the Company believes t hat the assumptions and fact ors used in preparing
the forward-looking statements contained in this news release are re asonable, readers should not place
undue reliance on this inform ation, which speaks only as of the date of this news release, and there can
be no assurance that such events will occur or occur w ithin the time periods presented. The Company
disclaims any intention or obligatio n 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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