23:30:20 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Sirios Resources Inc (2)
Symbol SOI
Shares Issued 43,092,736
Close 2014-04-22 C$ 0.12
Market Cap C$ 5,171,128
Recent Sedar Documents

Sirios Resources finishes airborne survey over Cheechoo

2014-04-23 14:11 ET - News Release

Mr. Dominique Doucet reports

SIRIOS RESOURCES INC.: FOUR NEW SECTORS FOR PROSPECTING LOCALIZED BY GEOPHYSICS ON THE CHEECHOO GOLD PROPERTY

Sirios Resources Inc. has completed the detailed helicopter-borne magnetometric survey declared in February on the Cheechoo gold property in James Bay, Que. The survey allowed the localization of four distinct sectors having similar geophysical characteristics to the gold zone already discovered by drilling. These sectors must however, go through detailed prospecting and systematic rock sampling before outlining new drilling targets.

The reopening of the camp on the property is currently taking place, and the transport of fuel as well as equipment through the winter road continues in order to begin very shortly the drilling and prospecting programs of 2014.

Recall that six drill holes completed on Cheechoo had previously localized a low-grade gold envelope with a minimum area of 250 by 525 metres, and to a depth of 200 metres vertically (press release Jan. 13, 2014). This envelope remains open at depth and in all directions except the southeast end.

The Cheechoo gold project is situated at less than 10 kilometres from the Eleonore gold mine of the producer Goldcorp, which the beginning of the production is planned at the end of 2014. This world-class deposit contains 4.03 million ounces of proven and probable gold mineral reserves, and 4.1 million ounces of inferred gold mineral resources (source: Goldcorp's press release of March 28, 2014). Sirios concluded in 2012 an agreement with Golden Valley Mines Ltd. involving the Cheechoo property that, upon completion of certain obligations and counterparties, will increase its current interest from 45 per cent to 100 per cent (press release Dec. 9, 2013). Sirios is the operator of the project.

This press release was prepared by Dominique Doucet, PEng, president of Sirios, and a qualified person pursuant to National Instrument 43-101.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.