MONTREAL, QUEBEC–(Marketwire – Nov. 19, 2007) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) discovered numerous new areas with molybdenum mineralization on its Tilly property, James Bay, Quebec. Ten new areas, including six main ones each comprising many molybdenum-copper-silver-gold-(bismuth) showings, were discovered in granitic rocks in addition to the showings previously found by Sirios. A total of 327 grab rock samples were collected from 602 surveyed outcrops with grades up to 4.36% Mo, 6.4% Cu, 201 g/t Ag, 0.6 g/t Au and 0.22% Bi. Seventy-five samples graded either more than 394 ppm (or 0.039%) molybdenum or 357 ppm copper.
The new showings are commonly associated with, or close to, hydrothermal breccias varying in length from 600 to 1,000 meters and from 50 to 100 meters in width. They comprise mainly molybdenum and/or chalcopyrite mineralization associated with quartz veinlets or veins or finely disseminated. These mineralizations are part of a significant porphyry system.
The President of Sirios, Dominique Doucet, states: “The numerous mineral occurrences on the property show high potential for the discovery of a low grade but high tonnage world class porphyry deposit similar to Spinifex Ridge in Australia (469 Mt : 0.06% Mo, 0.09% Cu, 1.7 g/t Ag) and Climax in Colorado, USA (907 Mt : 0.24% Mo)”. (i)Mt: Million of tonne.
The significant assay results by area are given below while the main mineralized areas are summarized in the following table :
Area Size sign./ Maximum grades
total
--------------------------------------------------------------------------
Calimero 300m. X 75m. 9/12 4.20%Mo, 6.4%Cu, 201g/tAg, 0.6g/tAu,
0.22%Bi
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Silly Cat 1,1km X 400m. 16/27 4.36%Mo, 0.24%Cu, 7.6g/tAg
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Calimero E-S 1,4km X 300m. 14/38 0.06%Mo, 0.78%Cu, 78.4g/tAg
--------------------------------------------------------------------------
Spotty Moly 400m. X 100m. 7/12 3.17%Mo, 0.24%Cu
--------------------------------------------------------------------------
Fer a cheval 700m. X 450m. 10/21 0.88%Mo, 0.57%Cu, 51.7g/tAg
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Ozzy East-South 500m. X 500m. 8/22 0.79%Mo, 3.8%Cu, 0.8g/tAu, 14.4g/tAg,
0.1%W
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4 other areas variable 11/17 2.87%Mo, 0.48%Cu, 0.4g/tAu, 12.2g/tAg,
0.1%Bi
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sign./total : number of significant samples with Mo greater than 394 ppm or Cu greater than 357 ppm out of the total number of samples collected in the related area.
During the summer and fall of 2007 the following work was completed on the property :
-185 km of 200 meters-spaced line cutting ever all the property,
-systematic prospecting and mapping, 362 rock samples collected including 35 with pending results, -induced polarization (I.P.) geophysical survey (dipole-dipole and gradient) totaling 185 km.; pending results.
Rock assays results by area :
Calimero Breccia
-----------------------------------------------------
sample # Mo ppm Cu ppm Au ppb Ag Bi ppm
g/t
-----------------------------------------------------
718 135 999 6 1.7 3
-----------------------------------------------------
719 9,580 399 297 8.3 88
-----------------------------------------------------
720 5,780 9,310 609 42.9 249
-----------------------------------------------------
721 3,990 800 76 5.2 38
-----------------------------------------------------
723 429 1,345 309 22.3 145
-----------------------------------------------------
724 33 64,000 553 201.0 2,200
(ii)
-----------------------------------------------------
less than
725 2 357 1 1.3 9
-----------------------------------------------------
726 471 2,090 223 14.7 145
-----------------------------------------------------
727 42,000 2,040 106 5.5 35
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ppm : parts per million 10,000 ppm equals 1%
ppb : parts per billion 1,000 ppb equals 1 ppm equals 1g/t
(ii)(0.5 m. quartz vein)
Silly Cat
---------------------------------------
Ech # Mo ppm Cu ppm Ag g/t
---------------------------------------
420 5,400 786 2.4
---------------------------------------
421 9,520 423 3.0
---------------------------------------
422 2,630 157 0.9
(i)
---------------------------------------
427 8,790 1,040 5.0
(i)
---------------------------------------
428 4,220 78 0.3
---------------------------------------
430 4,590 73 1.1
---------------------------------------
less than
431 823 74 0.2
---------------------------------------
less than
432 2,970 25 0.2
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434 7,660 2,440 7.6
---------------------------------------
less than
437 1,690 58 0.2
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438 28,700 74 0.4
---------------------------------------
439 21,200 957 9.9
---------------------------------------
441 43,600 230 1.9
---------------------------------------
442 6,510 98 1.7
---------------------------------------
445 3,030 14 0.3
---------------------------------------
446 4,500 11 0.4
---------------------------------------
(i) boulder
Calimero - South
-----------------------------
Ech # Mo ppm Cu ppm Ag g/t
-----------------------------
420 5,400 786 2.4
-----------------------------
421 9,520 423 3.0
-----------------------------
422 2,630 157 0.9
(i)
-----------------------------
427 8,790 1,040 5.0
(i)
-----------------------------
428 4,220 78 0.3
-----------------------------
Calimero - East
-----------------------------
Ech # Mo ppm Cu ppm Ag g/t
-----------------------------
302 6 3,830 7.0
-----------------------------
305 394 118 0.3
-----------------------------
365 24 3,340 78.4
-----------------------------
367 20 1,980 4.6
-----------------------------
368 136 1,080 2.6
-----------------------------
375 577 3,400 20.4
-----------------------------
378 143 1,170 4.5
-----------------------------
729 376 583 6.8
-----------------------------
730 51 1,195 22.5
-----------------------------
Spotty Moly
-------------------------
Ech # Mo ppm Cu ppm
-------------------------
395 31,700 83
-------------------------
396 2,130 79
-------------------------
397 4,870 69
-------------------------
398 29,000 102
-------------------------
400 8,950 51
-------------------------
403 2,530 144
-------------------------
405 2,090 2,450
(i)
-------------------------
(i) boulder
Fer a cheval
-----------------------------
Ech # Mo ppm Cu ppm Ag g/t
-----------------------------
348 5,210 1,240 8.1
-----------------------------
410 3,180 190 0.7
-----------------------------
416 8,790 1,970 20.4
-----------------------------
418 2,170 5,700 51.7
(i)
-----------------------------
419 6,480 595 22
(i)
-----------------------------
475 50 5,670 14.6
-----------------------------
476 48 450 1.8
(i)
-----------------------------
477 109 1,080 4.4
(i)
-----------------------------
478 1,580 2,020 2.0
-----------------------------
604 1,810 88 0.9
-----------------------------
(i) Boulder
Ozzy - East - South
-----------------------------------------
Ech # Mo ppm Cu ppm Au ppb Ag g/t
-----------------------------------------
144 7,950 1,095 63 2.1
-----------------------------------------
145 301 1,300 9 7.6
-----------------------------------------
146 164 2,370 71 7.4
-----------------------------------------
335 4,690 8 4 0.8
-----------------------------------------
390 108 38,100 803 14.4
(i)
-----------------------------------------
391 6 1,150 21 2.1
(i)
-----------------------------------------
384 561 1,465 21 2.4
-----------------------------------------
393 4,080 725 154 9.5
-----------------------------------------
(i) boulder
All rock samples were sent to ALS-Chemex Val D’Or laboratory, using atomic absorption technique for gold and ICP for all other elements. Industry-standard quality controls were applied, including blank, standard and duplicate inserts in the sample series.
Between 1997 and 2001, SIRIOS realized the first significant molybdenum discovery of James Bay area, Quebec on its TILLY property at the same time it recognized an important porphyry complex with the following significant results:
Firecracker showing :
– average of 0.14% Mo for a total of 89 m linear channel sampling.
– drill hole Ti-2000-03 : 0.05 % Mo over 46 m including 0.28 % Mo over 7 m.
– drill hole Ti-2000-04 : 0.08 % Mo over 51 m including 0.14 % Mo over 23 m.
Yo showing:
– drill hole Ti-2000-01 : 0.07 % Mo over 85 m including 0.18 % Mo over 24 m.
– Channel R-2000-02N : 0.11 % Mo and 0.12 % Cu over 13 m.
– Channel R-2000-01 : 0.05 % Mo over 13 m.
– Channel R-2000-01S : 0.47 % Mo over 3 m.
Boubou showing :
DDH Ti-2000-05 : 0.44% Mo and 0.13 g/t Au over 3 m.
This press release was prepared by Dominique Doucet, P. Eng., President of Sirios, Qualified Person.
The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO
ddoucet@sirios.com
Phone: 514-510-7961
