MONTREAL, QUEBEC–(Marketwire – Oct. 15, 2009) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) and DIOS EXPLORATION INC. (TSX VENTURE:DOS) have completed the lithium exploration program recently announced on the PONTAX property in James Bay, Quebec. Seven diamond drill holes totalling 864 metres tested a portion of the 400 metre swarm of lithium pegmatites that now extends to a minimum of 650 metres in strike length as a result of the discovery of new pegmatites on surface in addition to the ones already identified last summer.
All of the seven drill holes intersected the main zone of pegmatitic lithium dykes, varying from 30 to 50 metres in thickness, the zone is open both laterally and at depth. The pegmatites, found in mafic volcanic rocks, generally vary between 3 to 5 metres in thickness but can also reach 9, 11 and 13.5 metres in thickness. The pegmatites are mineralized in spodumene (lithium mineral) whereas many of the volcanic rocks contained holmquistite, another lithium mineral.
Detailed geological mapping and systematic channel sampling of 205 rock samples were also completed during the drilling program. Seven series of channel samples composed of 1 metre each were spread over a 500 metre portion of the pegmatitic lithium swarm.
All drilling core samples (488) and channel samples (205) were shipped this week for assaying. The assay results are expected within the next three to four weeks.
The lithium occurrence of the PONTAX property outcrops over an area of around 25,000 m2 and is formed by a swarm of at least a dozen pegmatitic spodumene (silicate lithium mineral) dykes each varying between one to five meters in thickness. Many grab samples graded more than 2.15% in Li2O and are currently being re-assayed. The occurrence is located approximately 30 km south of the Cyr lithium showing, which is currently being explored by Lithium One Inc.
The PONTAX property consists of 594 claims covering around 300 km2. It is located at around 250 km north of the town of Matagami. SIRIOS and DIOS plan on separating about 42 claims, 17 of which are newly requested claims, in order to create a new lithium property. Each company holds an equal share of the property, with SIRIOS as the operator.
This press release was prepared by Dominique Doucet, P. Eng., President of SIRIOS, and M.J. Girard, M.Sc. P. Geo, President of DIOS, Qualified Persons.
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.
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Dominique Doucet, CEO