MONTREAL, QUEBEC–(Marketwire – Nov. 5, 2010) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) announces the discovery of several showings reaching up to 2.6 g/t in gold during the prospecting campaign which was recently completed on a targeted region of the Cheechoo property in James Bay, Quebec. From a total of 161 chosen grab samples, 35 samples yielded between 0.1 g/t and 2.6 g/t in gold, which include twenty samples between 0.1 and 0.5 g/t, seven between 0.5 and 2.0 g/t and eight between 1 g/t and 2.6 g/t.
Most of these gold showings coincide with a sector that demonstrated gold, arsenic and tungsten anomalies that were detected in the soil (humus) during last summer’s geochemical campaign. The results of the soil anomalies are preliminary results, more results as well as their interpretation will follow shortly.
All 161 samples were collected in a region of 10 km2, adjoining the Eleonore South property currently held and explored by Opinaca Mines, Eastmain, and Azimut. The region is located at around 10 km south-est of the future Eleonore gold mine, which is currently being built by Les Mines Opinica Ltée, a subsidiary of Goldcorp Inc.
More than 75% of the gold samples are located within a 2.5 km2 area. Around 72% of the samples come from outcrops whereas the remaining come from boulders. Most of the gold showings are found in altered silicified tonalites (granitic rock) and includes tourmaline with slightly mineralized arsenopyrite and pyrite. Generally, in the mineralized tonalite, we observe millimetric quartz veinlets that could form stockworks. According to Sirios geologists, this type of showing demonstrates an excellent potential for a possible large tonnage gold deposit. See attached map:
http://file.marketwire.com/release/Cheechoo_2010GrabSamples.pdf
The samples from the prospecting program were sent to the ALS CHEMEX laboratory in Val d’Or for gold (AA23) and 33 elements (ICP 61) assaying.
The Cheechoo property is a joint-venture between Sirios, who holds a 40% interest, and Golden Valley Mines Ltd., who holds a 60% interest. Please refer to Sirios’ website for further information regarding the joint-venture.
This press release was prepared by Dominique Doucet, P. Eng., President of SIRIOS, Qualified Person pursuant to National Instrument 43-101.
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
ddoucet@sirios.com
Phone: 514-510-7961
