Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF)
("Sirios" or the "Company") is very pleased to announce the results
of five additional drill holes of its Fall-Winter 2024-25 program
on the Cheechoo gold project in Eeyou Istchee James Bay, Quebec.
Phase 2 Highlights (Winter
2025):
- 13.48 g/t Au over
14.6 m, including 123.94 g/t Au
over 1.0 m (CH25-321)
- 56.41 g/t Au over
2.0 m, including 110.65 g/t Au
over 1.0 m (CH25-317E)
- 83.20 g/t Au over
1.1 m (CH25-317E)
- 1.92 g/t Au over
34.0 m, including 20.52 g/t Au
over 1.0 m (CH25-325)
- 1.00 g/t Au over
30.5 m (CH24-323)
- 1.15 g/t Au over
25.8 m (CH25-324)
- 1.06 g/t Au over
18.3 m (CH25-322)
- 3.54 g/t Au over
5.0 m (CH25-321)
New Vision Validated
The objective of the Fall-Winter 2024-25
drilling program was to validate the new vision for the
Cheechoo gold project, which Sirios developed in the
second half of 2024, as outlined in the October 7, 2024, press
release. This new vision highlighted a dual potential for both
large-volume open-pit and underground
mining at Cheechoo, with multiple high-priority targets
identified for delineating high-grade zones.
“We are thrilled with the results from our
Fall-Winter 2024-25 drilling program,” said Dominique Doucet,
President and CEO of Sirios. “We've consistently intercepted
gold mineralization in all drill holes, precisely
where our geological team predicted, validating our new
interpretation of the deposit. Our team is now developing
a new geological model based on the 2024 data
review and recent drill results. This will lead to an upcoming
Mineral Resource Estimate (MRE) update that may
include an underground component, potentially transforming Cheechoo
and opening new development possibilities for the
project.”
2024-2025 DRILL PROGRAM: MAIN ASSAY
RESULTS
DDH |
From (m) |
To (m) |
Au (g/t) |
Length (m) |
CH24-317 |
82.9 |
87.2 |
3.19 |
4.3 |
Incl. 86.2 |
87.2 |
*12.73 |
1.0 |
91.3 |
92.3 |
*12.31 |
1.0 |
127.3 |
128.3 |
*2.82 |
1.0 |
166.8 |
167.8 |
*3.25 |
1.0 |
177.5 |
179.5 |
*1.34 |
2.0 |
188.5 |
189.5 |
*10.58 |
1.0 |
319.1 |
320.4 |
8.03 |
1.3 |
330.8 |
334.5 |
5.10 |
3.7 |
Incl. 330.8 |
331.8 |
*17.32 |
1.0 |
355.9 |
367.5 |
10.06 |
11.6 |
Incl. 356.9 |
358.3 |
*79.71 |
1.4 |
CH25-317E |
499.5 |
501.5 |
*56.41 |
2.0 |
Incl. 499.5 |
500.5 |
*110.65 |
1.0 |
506.9 |
508.0 |
*83.20 |
1.1 |
CH24-318 |
93.9 |
129.2 |
0.83 |
35.3 |
Incl. 108.5 |
114.5 |
1.53 |
6.0 |
Incl. 127.2 |
129.2 |
*2.55 |
2.0 |
183.9 |
195.5 |
2.83 |
11.6 |
Incl. 187.7 |
188.7 |
*22.55 |
1.0 |
327.0 |
328.0 |
*52.70 |
1.0 |
CH24-319 |
33.0 |
46.0 |
1.69 |
13.0 |
Incl. 36.8 |
39.8 |
6.26 |
3.0 |
Incl. 38.8 |
39.8 |
*14.94 |
1.0 |
219.1 |
233.5 |
0.76 |
14.4 |
248.0 |
252.4 |
2.88 |
4.4 |
Incl. 249.7 |
251.0 |
*8.81 |
1.3 |
364.8 |
375.0 |
0.89 |
10.2 |
378.9 |
395.4 |
2.16 |
16.5 |
Incl. 390.9 |
393.9 |
9.84 |
3.0 |
Incl. 392.9 |
393.9 |
*26.41 |
1.0 |
CH25-319E |
446.0 |
455.0 |
1.25 |
9.0 |
CH24-320 |
232.5 |
266.6 |
0.72 |
34.1 |
371.5 |
389.6 |
1.81 |
18.1 |
Incl. 382.7 |
383.7 |
*20.93 |
1.0 |
406.5 |
441.8 |
1.03 |
35.3 |
Incl. 415.1 |
416.1 |
*19.78 |
1.0 |
501.7 |
504.0 |
3.65 |
2.3 |
552.9 |
558.6 |
7.46 |
5.7 |
Incl. 554 |
555.0 |
*40.70 |
1.0 |
597.5 |
628.0 |
0.69 |
30.5 |
665.0 |
683.5 |
0.55 |
18.5 |
CH25-321 |
24.0 |
46.0 |
0.58 |
22.0 |
72.9 |
84.3 |
0.50 |
11.4 |
99.0 |
130.5 |
6.69 |
31.5 |
Incl. 103.0 |
104.0 |
*7.39 |
1.0 |
Incl. 114.9 |
129.5 |
*13.48 |
14.6 |
Incl. 114.9 |
115.9 |
*123.94 |
1.0 |
Incl. 117.4 |
118.6 |
*21.21 |
1.2 |
Incl. 123.0 |
124.1 |
*23.34 |
1.1 |
Incl. 128.5 |
129.5 |
*17.37 |
1.0 |
134.0 |
144.5 |
*0.82 |
10.5 |
180.5 |
187.5 |
2.54 |
7.0 |
224.5 |
229.5 |
3.54 |
5.0 |
Incl. 224.5 |
226.0 |
10.84 |
1.5 |
CH25-322 |
48.5 |
66.8 |
*1.06 |
18.3 |
CH25-323 |
9.2 |
20.4 |
0.99 |
11.2 |
59.3 |
76.5 |
0.65 |
17.2 |
83.9 |
99.1 |
0.84 |
15.2 |
105.0 |
135.5 |
*1.00 |
30.5 |
Incl. 125.0 |
126.0 |
*15.33 |
1.0 |
141.4 |
150.8 |
1.89 |
9.4 |
166.0 |
169.6 |
*1.39 |
3.6 |
193.2 |
197.5 |
1.19 |
4.3 |
CH25-324 |
16.0 |
29.0 |
0.67 |
13.0 |
73.0 |
83.0 |
0.92 |
10.0 |
89.2 |
109.3 |
0.55 |
20.1 |
135.9 |
161.7 |
1.15 |
25.8 |
213.0 |
235.0 |
0.80 |
22.0 |
Incl. 213.0 |
220.0 |
1.61 |
7.0 |
252.4 |
262.4 |
0.51 |
10.0 |
CH25-325 |
91.2 |
97.2 |
*1.99 |
6.0 |
113.0 |
147.0 |
*1.92 |
34.0 |
Incl. 122.3 |
123.3 |
*20.52 |
1.0 |
Incl. 138.8 |
141.4 |
10.37 |
2.6 |
*Visible Gold.The lengths of the intervals are
measured along the holes and do not necessarily correspond to true
thicknesses. The intervals presented in the table are greater than
0.30 g/t Au with a maximum of 3 consecutive meters of waste
rock.
Figure 1: Location of drill holes CH24-317 to CH25-325.
Fall-Winter 2024-25 Drilling Program
Nine holes (#317 to #325) were completed between
November 2024 and February 2025 for a total drilled length of 3,347
meters, including the extension of holes #317 and #319.
Cheechoo’s High-Grade Zones
The Cheechoo gold deposit is hosted in a
tonalite intrusion characterized by multiple gold-enriched
zones encased in a lower-grade halo. In
addition to the Eclipse zone, numerous high-grade
intervals throughout the deposit suggest the occurrence of
additional high-grade zones. These zones may be found both within
and beyond the boundaries of the 2022 Mineral Resource
Estimate (MRE) conceptual pit.
About the Cheechoo Property
Located less than 15 km from Newmont's Éléonore
gold mine, which is in the process of being acquired by Dhilmar
Ltd., in the Eeyou Istchee James Bay territory of Quebec, the
Cheechoo property, 100% owned by Sirios, contains an
untapped gold deposit with excellent expansion and
development potential.
The most recent mineral resource estimate (MRE)
reported, for an open-pit model, using a USD 1.650 gold price:
- Indicated
resources: 1.4 million ounces at an average grade
of 0.94 g/t Au;
- Inferred
resources: 500.000 ounces at an average grade of
0.73 g/t Au.Source: BBA. Mineral Resource Estimate
Update for the Cheechoo Project. 23/12/2022
Underground mining scenarios have not
been evaluated in the 2022 MRE.
Learn more about Cheechoo at
sirios.com/en/cheechoo
Qualified Person Statement and NI 43-101
Disclosure
The Mineral Resource Estimate mentioned in this
press release conforms to National Instrument 43-101 standards and
was prepared by Pierre-Luc Richard, P. Geo., independent qualified
person, as defined by NI 43-101 guidelines. The effective date of
the estimate is July 20, 2022. The above-mentioned mineral
resources are not mineral reserves as they do not have demonstrated
economic viability. The quantity and grade of the reported Inferred
Mineral Resources are conceptual in nature and are estimated based
on limited geological evidence and sampling. Geological evidence is
sufficient to imply but not verify geological and grade or quality
continuity.
Analytical Quality ControlNQ caliber drill cores
were described and sampled by Sirios personnel at the Cheechoo
exploration camp. The cores were sawn in half, with one half sent
to a certified commercial laboratory for analysis, and the other
half retained for future reference. Following a strict analytical
quality assurance and control program, blanks and certified
reference materials were integrated into the sampling sequence. The
samples were analyzed for gold, using approximately 500g of crushed
material, with the Photon Assay™ method (PAAU02) by MSALABS
laboratory located in Val-d'Or. Samples with visible gold were
analyzed using the entire crushed sample with the Photon Assay™
method.
The scientific and technical content of this
press release has been reviewed and approved by Dominique Doucet,
P.Eng., who is a Qualified Person as defined by National Instrument
43-101.
About Sirios
Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF)
is a Quebec-based mineral exploration company focused on developing
its 100%-owned Cheechoo gold property, located in Eeyou Istchee
James Bay, Canada.
For more information, please contact:
Dominique Doucet, P.Eng.,
CEO450-482-0603info@sirios.comwww.sirios.com
Cautionary note regarding
forward-looking statements
This news release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation based on expectations, estimates and projections as at
the date of this news release. Forward-looking information involves
risks, uncertainties and other factors that could cause actual
events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward-looking
information. Factors that could cause actual results to differ
materially from such forward-looking information include, but are
not limited to, capital and operating costs varying significantly
from estimates; the preliminary nature of metallurgical test
results; delays in obtaining or failures to obtain required
governmental, environmental or other project approvals;
uncertainties relating to the availability and costs of financing
needed in the future; changes in equity markets; inflation;
fluctuations in commodity prices; delays in the development of
projects; the other risks involved in the mineral exploration and
development industry; and those risks set out in the Company’s
public documents filed on SEDAR at www.sedar.com. Although the
Company believes that the assumptions and factors used in preparing
the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news
release, and no assurance can be given that such events will occur
in the disclosed time frames or at all. The Company disclaims any
intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, other than as required by law.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ca24250e-3e75-46fa-8815-d925d4c126b5
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