MONTREAL, QUEBEC–(Marketwire – Feb. 11, 2009) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) announces that partner Golden Tag Resources Ltd (TSX VENTURE:GOG) will begin the winter 2009 drilling program at the Aquilon Gold Project in James Bay, Quebec during the first week of March. The program will continue delineation of very high grade gold zones encountered in March, 2008 within the Lingo Vein, one of the highest grade gold showings in Quebec. Assay results from drilling in 2008 returned over twenty gold-bearing intersections (see press release June 26, 2008) including a very significant intersection of:
3,230.89 grams gold per tonne (g/T Au) over 0.80 metres (m) (94.23 ounces gold per ton over 2.62 feet) in Hole AQ-08-06, including:
12,906.5 g/T Au over 0.20 m. (376.44 ounces gold per ton over 0.65 feet).
Drilling confirms the presence of very high grade gold shoots within the vein, which so far has been traced from surface to a depth of 32 metres. These shoots plunge down-dip, shallowly (20 degrees) to the north-northeast. To date, three very high grade pencil-like shoots are recognized within the more extensive and gold mineralized Lingo Vein. Two of these remain open to depth.
A planned minimum 1,000 metre diamond drill program will be completed in 25 vertical holes to delineate the high grade gold shoots and on exploration for additional shoots within the Lingo Vein. Golden Tag will also undertake a preliminary assessment of the potential for small scale mining in the Lingo area. The potential for development of a small open pit with containerized crushing and gravity separation for gold will be reviewed. The Lingo target is an excellent target for such a low cost, mobile approach. The vein dips at a very shallow angle and waste removal over the vein and high-grade shoots will be small. The expected low vein tonnage, small pit area for waste stripping, and potential for extremely high grade Quartz-Gold mineralization could make such an approach economic. Capital costs should be low and a small workforce over a limited duration required. Camp accommodation serviced by private airstrip is available within a 40 minute drive from the site. The property is accessible all year and lies on an all weather road which provides access to the Laforge-1 (LA-1) hydroelectric dam located about 20 km north of the Aquilon property where medical facilities are available. The Lingo project site is located approximately 1 km west of the access road. At least eight additional high grade gold occurrences are currently known on the property.
In preparation for the upcoming drill program, the Company completed fieldwork this past summer including a detailed GPS survey of 2008 drill holes and a mapping and sampling program on the main gold occurrences within the Wolf Lake Shear Zone, which represents a 300 metre wide deformation zone characterized by intense shearing over a strike length of 4 km. Only a small portion of the property, which covers 53 km2, has been explored.
The Aquilon property is now held jointly by SIRIOS (40%), Golden Tag (40%) and SOQUEM Inc. (20%). Golden Tag is acquiring its additional 20% interest from SOQUEM by expending another $750,000.
This press release was reviewed by Dominique Doucet, P. Eng., President, Qualified Person pursuant to National Instrument 43-101.
Forward-Looking Statement: This news release contains certain forward-looking statements. These forward-looking statements are subject to a variety of risks and uncertainties beyond the Company’s ability to control or predict and are not to be interpreted as guarantees for future performance. These forward-looking statements could cause actual events or results to differ materially from those anticipated in such forward-looking statements. All forward-looking statements speak only as of the date of this news release and the Company does not undertake any obligation to update or publicly release any revisions to such forward-looking statements to reflect events, circumstances, or changes in expectations after the date hereof. Accordingly, readers should not place undue reliance on such forward-looking statements.
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