NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: SIRIOS RESOURCES INC.
ME SYMBOL: SOI
JANUARY 19, 1999
SIRIOS RESOURCES INC.: Ten Holes (1,500 Meters) to be
Diamond Drilled on Aquilon
MONTREAL, QUEBEC–The officers of SIRIOS RESOURCES INC. (“SIRIOS”)
are pleased to announce that a 1,500 meter (8 to 10 holes) diamond
drilling program will soon be undertaken agressively on the
AQUILON property following the December 31st, 1998 closing of the
offering memorandum totalling $210,000. Through this private
placement, twenty investors subscribed 580,000 flow through Common
Shares and 470,000 Common Shares at $0.20 per share as well as
1,050,000 share purchase warrants entitling their holders thereof
to buy one SIRIOS’ Common Share at $0.26 per share on or before
March 28, 2000.
The officers and directors took part in this financing and now own
more than 1,900,000 Common Shares of SIRIOS or 15 percent of the
total outstanding and issued Common Shares (20 percent on a fully
diluted basis).
The AQUILON property is wholly-owned by SIRIOS and is located 10
kilometers south of LA-1 (Laforge 1) hydro-electrical complex,
James Bay, Quebec. Many high grade gold showings (10 to 39.7 g/T)
are located within a 500 meters wide and at least 2 kilometers
long area where significant shear zones cut through the felsic
volcanic rocks (09-16-98 press release). With this diamond
drilling program, systematic testing of these structures shall be
initiated under large elongated swamps.
SIRIOS is an exploration company for precious and base metals.
Some 13,031,474 Common Shares of SIRIOS are issued and
outstanding. Common Shares of SIRIOS are listed for trading on the
Montreal Exchange under SOI.
For more information:
Dominique Doucet, CEO
ddoucet@sirios.com
Phone: 514-510-7961
