MONTRAL, QUEBEC–(Marketwired – Oct. 14, 2014) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI)announces that diamond drilling has resumed on the Cheechoo gold property adjacent to the Éléonore gold mine property of Goldcorp in James Bay, Quebec. Three drill holes are planned including the deepening of vertical hole # 17 which terminated, at a depth of 240 meters, in the gold bearing envelope. This envelope, which extends over more than 1,1 km, is open at depth as well as to the west and north-west directions. It contains, in addition to numerous metric to decametric gold zones grading between 1 and 2 g/t Au, the JORDI zone which graded up to 6.9 g/t Au over 6.5 m; 26.4 g/t Au over 0.6 m et 4.1 g/t Au over 5.6 m (ref. 09/12/2014 Press Release).
A drill holes’ location map is available at the following link :
The Cheechoo gold project is situated at James Bay, Quebec, at 800 km north of Montreal and at less than 10 km from the Éléonore gold mine of the producer Goldcorp which the beginning of the production is planned before the end of 2014. This world-class deposit contains 4.03 million ounces of proven and probable gold mineral reserves and 4.10 million ounces of inferred gold mineral resources (Source: Goldcorp’s press release, March 28, 2014). Sirios concluded in 2012 an agreement with Golden Valley Mines Ltd involving the Cheechoo property that, upon completion of certain obligations and counterparties, will increase its current interest from 45% to 100% (Press release December 9, 2013). Sirios is the operator of the project.
This press release was prepared by Dominique Doucet, P. Eng., President of Sirios, Qualified Person pursuant to National Instrument 43-101
Statements in the release that are “forward-looking statements” are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO