MONTRÉAL, QUÉBEC–(Marketwired – Dec. 1, 2015) – The management of Sirios (TSX VENTURE:SOI) is pleased to announce results from the first two diamond drill holes undertaken last September on the Cheechoo gold property. Three gold zones, with some of the richest parts reaching up to 177.5 g/t Au, were intersected. These zones grading respectively 15.04 g/t Au over 12.35 m; 15.61 g/t Au over 9.70 m and 2.03 g/t Au over 14.35 m were intersected by drill hole #20 drilled under drill hole #18 that previously intersected the first two zones with 7.24 g/t Au over 7.9 metres and 2.04 g/t Au over 8.8 metres respectively (refer to press release December 8, 2014).
The second drill hole (#21), has intersected 3.19 g/t Au over 4.30 metres included in an interval of 10 meters grading 1.55 g/t Au. Other gold zones with lower grades or with smaller lengths were also intersected as indicated in the table below.
Dominique Doucet, President of Sirios stated: “With these recent results, it is shown that the geological system of Cheechoo can produce very high gold grade mineralized structures which themselves are included in a large lower gold grade envelop. During the undertaking of these drill holes, geologists of Sirios started to develop a new exploration strategy for the Cheechoo – Éléonore area which has proven effective to locate high grade gold structures. Consequently, diamond drilling will restart after the Holidays period to give time to geologists to perfect this strategy in order to continuously increase the success rate of the upcoming drill holes.”
Eleven diamond drill holes were completed in last September for a total of 1,962 metres. The complete results of all the other nine drill holes will be obtained shortly; reanalysis are still underway for some samples.
MAIN ASSAY RESULTS OF DRILL HOLE #20 AND 21
|Drill hole #
|**||Maximum gold grade cut at 50 g/t|
|***||Interval along the hole|
|ms :||Gold grade obtained by fire assay with metallic sieve|
The CHEECHOO gold project is located in Eeyou Istchee James Bay, Quebec, 800 km north of Montreal and less than 10 km from the Eleonore gold mine of producer Goldcorp that has just begun production. This world-class deposit contained 4.03 million ounces of gold and 4.10 million ounces of inferred gold mineral resources (Source: Press release of Goldcorp, March 28 2014). In 2012, Sirios concluded an agreement with Golden Valley Ltd. regarding ownership of CHEECHOO allowing it, to upon completion of certain obligations and counterparts, increase its current interest from 45% to 100% (press release dated December 9, 2013). Sirios is the manager of the project.
Assay quality control
For holes #20 and #21 respectively, 271 and 118 samples, representing 279 and 126 metres of NQ drill core, were sawed in half, with one half sent to a commercial laboratory for analysis and other half retained for future reference. A strict QA/QC program was followed by integrating blanks and certified reference materials to the drill core samples, all of which were prepared by IOS Services Géoscientifiques inc. of Chicoutimi, and assayed for gold by fire assay and atomic absorption finish (AA24) by the ALS Minerals laboratories in Val d’Or, Quebec. Samples grading more than 3 g/t were re-assayed by fire assay with gravimetric finish. (GRA22).
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