MONTREAL, QUEBEC–(CCNMatthews – Jan. 23, 2007) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) announces that its partner Golden Tag Resources Ltd. (TSX VENTURE:GOG) is planning diamond drilling programs on both the Aquilon and Aquilon Extension gold properties in James Bay, Quebec. The programs are planned to take place during the months of February and March, 2007.
Aquilon Extension Property : A two phase 2,500 metre program comprising 15 holes of diamond drilling is planned to commence in mid-February, 2007. Diamond drilling is in response to a previous airborne geophysical survey and ground magnetic survey (2006) which have traced a banded iron formation (“BIF”) horizon, estimated to be 60 metres wide, over an area of approximately 10 sq. km. It will target 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 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.
Aquilon (Main) Property : An Induced Polarization (“IP”) survey over 20 line-kilometres is planned to commence shortly to evaluate previously unexplored metasediments located directly to the north of the Red Toad showing and the string of gold occurrences identified along the Wolf Lake Shear Zone. The survey should identify potential for disseminated sulphide zones within the metasediments and a model based on the recent Eleonore Deposit discovery in Quebec is being applied. Geophysics will be followed with a two phase 1,550 metre program of diamond drilling comprising a minimum of 5 holes in Phase 1. Drilling is expected to commence in mid-March immediately after completion of drilling on the neighbouring Aquilon Extension property.
The Aquilon (Main) property, in which Golden Tag is the operator and is earning a 60% interest (ref.: November 20, 2003 Press release), covers 6,370 hectares of a folded, highly deformed greenstone belt hosting a felsic volcanic center and known to host numerous spectacular gold showings. Previous work conducted on the property (1997-2003) outlined numerous relatively short, shallow-dipping high grade ( greater than20 g/T Au) quartz veins within the 4 km x 400 metre NE-oriented Wolf Lake Shear Zone. Very high gold assays have been returned from some of these veins including 287.4 g/T Au over 2.3 metres and 110.2 g/T Au over 3.49 metres. Diamond drilling on the Red Toad Zone (2004-2005), a new discovery to the east of previously known gold showings, resulted in the detection of native gold in 11 holes of the 16 holes drilled. The best result in this recent drilling was in hole AQU-04-03, which intersected 4.33 metres at an average grade of 10.03 g/t Au (ref.: November 10, 2004 Press Release).
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