MONTREAL, QUEBEC–(CCNMatthews – Feb. 26, 2007) – SIRIOS RESOURCES INC. (TSX VENTURE:SIO) announces that its partner Golden Tag Resources Ltd. (TSX VENTURE:GOG) is starting a two phase 2,500 metre diamond drilling program on the Aquilon Extension gold property in James Bay, Quebec.
The 15 hole program will target the banded iron formation (“BIF”) outlined by the 2006 geophysical surveys. The targets consist of magnetic lows along the trend of the BIF, abrupt breaks in the trend of the BIF and fold closures/ offsets; all potentially prime areas for favourable gold mineralization.
The previous airborne geophysical survey and ground magnetic survey (2006) have traced a banded iron formation (“BIF”) horizon, estimated to be 60 metres wide, over an area of approximately 10 sq. km. Interpretation of the data supports multiple refolding of the favourable target horizon and recognition of at least 10 areas where the magnetic trend associated with the BIF is broken. One additional area on the property shows a highly suppressed magnetic signature related to the BIF of over 800 metres strike length.
The BIF horizon is being evaluated using analogies with the Musselwhite gold deposit in northwestern Ontario and other known BIF – hosted gold deposits worldwide. Gold mineralization commonly occurs within BIF at structural breaks and fold closures. The extension of the BIF horizon lies to the south of very high-grade gold occurrences within quartz veining on the contiguous Aquilon Main property.
The Aquilon Extension property is held jointly by SIRIOS (40%) and Golden Tag (60%) being the operator.
Mr. Dominique Doucet, P. Eng., President of Sirios and Qualified Person supervised the preparation of the information in this news release.
The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO