MONTREAL, QUEBEC–(Marketwire – May 14, 2008) – (TSX VENTURE:SOI) Sirios Resources’ partner, Dios Exploration (TSX VENTURE:DOS), plans early summer drilling of the new uranium discovery of late last Fall on the Opinaca Nord Project: Dios plans drilling on Opinaca Nord to evaluate the potential for a large volume of surface mineralized rocks. The following uranium oxide values of .617, .103 & .162 percent of U3O8 were returned from outcrop rock samples over an 800 m strike length from preliminary work completed on the Opinaca Nord property. The eastern side is open several kilometres along strike and will have to be prospected. Another area returned .136 & .142 percent of U3O8 from outcrop rock samples over 300 m. This area is also open along strike. A detailed lake bottom sediment sampling survey was completed to cover the whole property in 2007 and data processed during the winter quarter confirmed the uranium potential. A large detailed helicopter borne spectrometric and magnetic survey has been commissioned for June.
The Opinaca Nord property (685 claims totalling 340 sq. kilometres) is owned in partnership with Sirios Resources. Dios may earn a 50% interest by investing $1.35 M over a 5 year period.
This discovery bears similarities to the Namibian Rössing deposit in the occurrence of mineralization associated with anatexis pegmatite dyke-swarms on Opinaca Nord, in close proximity, making it amenable to opencast, low-cost mining. The Rössing mine, a world class uranium deposit located in Namibia, in southern Africa, accounting for 7.5% of the world’s supply of uranium oxide, has been producing uranium oxide for the last 30 years, approximately 165 million pounds of uranium oxide from 0,034 % U3O8 ore. The Opinaca Nord property is located in a rather easily accessible area.
This press release was prepared by Marie-José Girard, M.Sc. P.Geo., qualified person pursuant to National Instrument 43-101.
Forward-Looking Statements: This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company’s products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
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Dominique Doucet, CEO