MONTREAL, QUEBEC–(Marketwire – Feb. 2, 2010) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) announces the signing of an agreement with prospectors which would allow SIRIOS to completely acquire the PHOENIX property in the Chibougamau region – Chapais, Quebec. This property holds several gold, silver and copper occurrences including three high grade boulders discovered in 2007. Seven assays were conducted on the boulders and yielded up to 87.5 g/t in gold (2.6 ounces per ton), 57.0 g/t in silver and 18.0 % in copper, as shown in the table below. The blocs are angular thus suggesting the proximity of their source. Moreover, the 2008 sampling of around 500 soil samples delineated a significant gold, silver and copper anomaly. This anomaly, which has a minimum length of 200 metres, remains unexplained and will be tested through drilling by SIRIOS in the coming weeks.
---------------------------------------------------------- Sample # Au (g/t) Ag (g/t) Cu (%) ---------------------------------------------------------- 18931 87.5 43.6 10.7 ---------------------------------------------------------- 18932 85.7 57.0 17.6 ---------------------------------------------------------- 18933 26.7 41.0 11.7 ---------------------------------------------------------- 18934 75.4 24.6 1.4 ---------------------------------------------------------- 18935 3.2 3.3 0.8 ---------------------------------------------------------- 18936 18.5 42.7 18.0 ---------------------------------------------------------- 18937 30.1 15.0 4.6 ----------------------------------------------------------
The agreement allows SIRIOS to gain a 100% interest in the property with an initial payment of $20,000 at the time of signing, as well as subsequent instalments totalling $280,000 over a period of three years. The vendors keep a 2% Net Smelter Return, half of which (1%) is purchasable at any time by SIRIOS for one million dollars ($1M). The property consists of 31 claims covering an area of 7.3 km2. It is easily accessible by road and is located a couple of kilometres from the Chapais municipality, in Quebec.
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
