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Sirios Resources Inc (2)
Symbol SOI
Shares Issued 136,304,404
Close 2018-10-17 C$ 0.18
Market Cap C$ 24,534,793
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Sirios Resources drills 30.2m of 5.2 g/t Au at Cheechoo

2018-10-17 09:24 ET - News Release

Mr. Dominique Doucet reports

SIRIOS INTERSECTS 5.2 G/T AU OVER 30.2 M ON CHEECHOO

Management of Sirios Resources Inc. has released assay results for 13 drill holes totalling 4,018 metres, undertaken on the Cheechoo gold property. Drill hole No. 182 intersected 5.2 grams per tonne gold over 30.2 metres, including 59.1 g/t Au over 0.8 m and 97.9 g/t Au over 0.8 m. As indicated herein, all the drill holes returned good auriferous intersections, demonstrating the extent of the gold mineralization in the Main area.

20181017 DDH assay results

Gold envelope with grade greater than one gram per tonne:

  • 1.6 g/t Au over 12.0 m in drill hole No. 151;
  • 0.7 g/t Au over 265.0 m in drill hole No. 154;
  • 0.6 g/t Au over 39.3 m in drill hole No. 159;
  • 0.8 g/t Au over 42.5 m in drill hole No. 162;
  • 0.7 g/t Au over 57.1 m in drill hole No. 180;
  • 1.8 g/t Au over 29.0 m in drill hole No. 181;
  • 2.7 g/t Au over 28.2 m in drill hole No. 181;
  • 5.2 g/t Au over 30.2 m in drill hole No. 182;
  • 5.7 g/t Au over 26.5 m in drill hole No. 184;
  • 2.9 g/t Au over 12.6 m in drill hole No. 185;
  • 3.6 g/t Au over 20.0 m in drill hole No. 192;
  • 1.0 g/t Au over 28.5 m in drill hole No. 193;
  • 1.1 g/t Au over 35.5 m in drill hole No. 194.

These 13 drill holes are part of the larger drill program that will complete the 50-metre drill hole grid pattern of the Main area, where the current dimensions are approximately 500 metres by 500 metres. In addition to demonstrating the continuity of the larger auriferous halo, plurimetric, high-grade gold intersections are continuously being intersected within the halo.

                    SIGNIFICANT ASSAY RESULTS                         
                                                           
Drill hole No. CH18          From     To   Length*  Au (g/t)    Au (g/t)**

151                           7.5    8.3      0.8      31.4
                            367.0  379.0     12.0       1.6
154                           7.5  272.5    265.0       0.7
                       incl. 48.8   50.0      1.2      31.8
                       incl. 59.6   76.1     16.5       1.2
                        incl. 158  178.0     20.0       1.2
                        incl. 224  229.5      5.5       1.3
                      incl. 252.2  270.9     18.7       1.1
159                          25.5   33.0      7.5       0.9
                             59.1   62.3      3.2      28.3        23.2
                       incl. 59.9   60.7      0.8      26.0
                       incl. 60.7   61.5      0.8      83.0
                            116.0  116.8      0.8      10.0
                            169.9  209.2     39.3       0.6
162                          43.0   44.0      1.0       4.8
                            177.6  178.4      0.8       5.9
                            329.0  371.5     42.5       0.8
                      incl. 335.5  338.5      3.0       6.3
165                          84.7   85.5      0.8      13.6
                            228.0  231.2      3.2       7.6
                      incl. 229.1  230.2      1.1      15.1
180                          20.3   24.2      3.9       0.7
                             35.7   51.5     15.8       0.4
                             99.7  156.8     57.1       0.7
                       incl. 99.7  109.8     10.1       1.7
                            209.5  264.1     54.6       0.6
181                          32.0   61.0     29.0       1.8
                       incl. 47.2   55.5      8.3       5.1
                       incl. 54.5   55.5      1.0      36.1
                             99.5  121.0     21.5       0.7
                            177.0  193.6     16.6       0.4
                            308.5  336.7     28.2       2.7
                      incl. 326.5  328.0      1.5      12.7
                      incl. 332.8  333.6      0.8      46.5
182                          37.3   67.5     30.2       5.2         4.3
                       incl. 40.1   40.9      0.8      59.1
                       incl. 55.6   60.8      5.2      17.1
                       incl. 60.0   60.8      0.8      97.9
184                           4.6   17.0     12.4       0.5
                             82.5  104.8     22.3       0.7
                            142.5  169.0     26.5       5.7         2.9
                      incl. 143.6  144.6      1.0     124.0
                      incl. 156.4  157.3      0.9      15.3
                            180.5  181.3      0.8      30.0
                            304.5  306.0      1.5      12.4
185                          26.5  116.5     90.0       0.3
                            116.5  299.0    182.5       0.8
                      incl. 116.5  125.6      9.1       1.9
                            185.0  197.6     12.6       2.9
                      incl. 186.2  187.0      0.8      35.2
                            220.0  231.8     11.8       1.0
                            285.5  299.0     13.5       2.2
                      incl. 285.5  286.5      1.0      13.5
192                          20.5   40.5     20.0       3.6
                       incl. 36.8   40.5      3.7      17.1
                       incl. 36.8   37.6      0.8      42.3
                       incl. 37.6   38.4      0.8      21.5
                       incl. 38.4   39.2      0.8      12.9
193                           5.0   11.0      6.0       1.9
                             51.5   53.0      1.5       5.7
                             92.0  120.5     28.5       1.0
                            128.0  134.0      6.0       0.9
194                           4.5   18.0     13.5       0.7
                            109.5  145.0     35.5       1.1
                      incl. 127.4  128.2      0.8      14.6
              
* Interval along the hole, true width not known.
** Grade cut at 50 g/t m.

Assay results are still pending for nine drill holes out of 58 holes, totalling 15,720 metres completed in 2018.

Sirios's 100-per-cent-owned Cheechoo property is located in the Eeyou Istchee James Bay region of Quebec, approximately 800 kilometres north of Montreal, 200 km east of Wemindji and less than 10 km from Goldcorp's Eleonore gold mine.

Assay quality control

All NQ drill core was described by Sirios personnel at the Cheechoo exploration camp. The drill core was then sent to Rouyn-Noranda to be sawed in half, with one-half sent to a commercial laboratory for assaying and other half kept for future reference. A strict quality assurance/quality control program was followed by integrating blanks and certified reference standards to the core sample sequence. The samples were assayed for gold by fire assay with an atomic absorption finish by Actlabs in Ste-Germaine-Boule. Samples assaying greater than two g/t Au, as well as drill core samples with visible gold, were assayed by fire assay with metallic sieve based on a one-kilogram sample.

Jordi Turcotte, MSc, Geo, and Nicole Gauthier, MSc, Geo, qualified persons pursuant to National Instrument 43-101, have prepared and verified the technical information of this press release, as well as reviewing the final text.

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