NEWS RELEASE TRANSMITTED BY CCN – A NEWSWIRE SERVICE OF ITG
FOR: SIRIOS RESOURCES INC.
ME SYMBOL: SOI
OCTOBER 25, 2000 – 09:11 EDT
SIRIOS RESOURCES INC.: Copper-Gold Bearing Hydrothermal
MONTREAL, QUEBEC, CANADA–Porphyry copper-gold mineralization was
found within extensive hydrothermal breccia recently discovered by
SIRIOS RESOURCES INC. on the TILLY polymetallic property near
LG-4, James Bay.
Impressive well preserved silicified breccia were uncovered
through preliminary surface propecting work with associated
molybdenum and/or copper and gold. The great size of these six
breccia is typical of mineralized porphyry systems (low cost, low
grade, great volume). Alteration and metal zoning, characteristic
of such systems, are being reviewed by SIRIOS. Recent assay
results indicated that three of the four new breccia contain
copper ans gold mineralization:
– The Yogi Breccia (700 m X 50-200 m) grades up to 2.2 grams/tonne
gold (g/t Au) and 0.53% copper (Cu) in grab samples. This
hydrothermal breccia also grades up to 27 g/t silver (Ag) and 2.4%
– The Boubou Breccia (100 m X 50 m) contains mineralization such as
chalcopyrite, pyrite and molybdenite and values reach up to 0.5%
Cu, 0.2 g/t Au and 7 g/t Ag. A biotite and chlorite enrichment can
be noted in this breccia.
– The Ozzy Breccia (1,200 m X 25-100 m) returned 0.7% Cu, 20 g/t Ag
and 0.2 g/t Au following preliminary sampling. The Ozzy Breccia is
located north-east of an area without much outcropping where Cu, Mo
and gold anomalies can be delineated from preliminary soil data.
Recent rock sampling carried out on the stringer zones graded up
to more than 5% Mo and 0.32% Cu as well as 0.6 g/t Au and 5 g/t
Ag. Samples were assayed by ICP at the Bondar Clegg Chimitec
Val-d’Or assay office.
Work follow up is expected with enthousiasm by SIRIOS’ officers
for this high potential polymetallic project (Mo, Cu, gold,
silver, etc.). Work is ongoing to extend soil anomalies and
discover new surface showings. Soil geochemical data will be
useful, specially for non-outcropping areas. Some Mo occurrences
are being tested at depth by diamond drilling. The Firecracker
Breccia graded 0.14% Mo over 89 m of diamond saw channelling.
The land position at TILLY has just been increased to some 72 sq.
kilometers. Wholly-owned by SIRIOS, the TILLY property is located
in Quebec Mid-North area, 30 kilometers west of the LG-4 complex.
SIRIOS is an exploration company for diamond, precious and base
metals. Some 17,544,474 Common Shares of SIRIOS are issued and
outstanding, trading on the Montreal Exchange under SOI.
For more information:
Dominique Doucet, CEO