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Sirios Resources Inc (2)
Symbol SOI
Shares Issued 136,204,404
Close 2018-04-24 C$ 0.265
Market Cap C$ 36,094,167
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Sirios Resources drills 8.2m of 56.4 g/t Au at Cheechoo

2018-04-24 09:07 ET - News Release

Ms. Dominique Doucet reports

56.4 G/T AU OVER 8.2 M, INCLUDING 867.1 G/T AU OVER 0.5 M ON THE JORDI ZONE AT CHEECHOO

Sirios Resources Inc. has drilled the best assay result yet to date in drill hole No. 139: 56.4 grams per tonne gold over 8.2 metres, including 867.1 g/t Au over 0.5 m from the Jordi zone on the Cheechoo gold property, Eeyou Istchee James Bay, Quebec. Furthermore, the last 15 drill holes completed in 2017 (Nos. 126 to 140), have all intersected auriferous, multidecametric intervals from surface down to a vertical depth of more than 250 metres, with gold grades up to 1.4 g/t.

  • Six drill holes (Nos. 126, 128, 132, 134, 137 and 139) located within the tonalite intrusion have all intersected the Jordi zone in addition to wide intervals, up to 270 m in length along the drill holes, with lower gold grades.
  • Drill hole No. 132 intersected 11.0 g/t Au over 11.0 m at a vertical depth of 200 m, demonstrating the potential for defining new high-grade zones.
  • Eight drill holes (Nos. 127, 130, 131, 133, 135, 136, 138 and 140) aimed to test the tonalite-meta-sediment contact have confirmed the continuity of the auriferous mineralization both laterally and at depth near the contact.
  • Finally, drill hole No. 129, which was testing the meta-sediments away from the tonalite contact, assayed 0.9 g/t Au over 15.7 m.

Dominique Doucet, president, states: "Our excellent drilling results demonstrate the magnitude and the continuity of the auriferous mineralization at Cheechoo. We will continue our work in order to quickly progress the project and move it to a more advanced stage."

NQ-sized drill holes No. 126 to No. 140 totalled 5,136 metres. The significant assay results of these holes are detailed in the attached table.

              SIGNIFICANT ASSAY RESULTS -- CHEECHO PROJECT
      Fall 2017 drilling campaign -- drill holes No. 126 TO 140
 
Drill hole CH17-   Zone   From        To   Width  Au (g/t) Au (g/t)**

126                        4.2     139.4   135.2      0.8                
incl.                     30.7      31.2     0.5     38.7               
incl.             Jordi  133.6     138.3     4.7      3.1                
127                         46     90.2     44.2      0.8
128                        2.2      148    145.8      0.7
incl.             Jordi  137.0    140.7      3.7     14.9     14.7
incl.                    140.2    140.7      0.5    101.2
                           214    221.5      7.5      6.5
                         214.0    215.5      1.5     26.6
incl.                    238.4    241.5      3.1        4
                         254.7    255.2      0.5     16.2
                         322.2      385     62.8      0.5
129                       54.8     70.5     15.7      0.9
130                      117.5      190     72.5        1
incl.                    154.7    164.5      9.8      3.9
131                      140.5      291    150.5      0.8
incl.                    226.0    227.5      1.5     26.3
incl.                    238.5    245.5        7      2.9
incl.                    244.3    245.5      1.2     10.8
132                        3.7      122    118.3      0.3
                  Jordi  123.5    124.5        1      0.1
                           277    360.2     83.2      1.9      1.4
incl.                    294.0      305       11       11      6.9
incl.                    296.3    296.8      0.5     25.6
incl.                    299.5    300.3      0.8    118.8
133                       23.5       56     32.5      0.9
                         218.3    218.8      0.5     38.4
134                        105      182       77      1.6      1.1
incl.             Jordi  154.9    155.8      0.9    104.8
135                        5.1    209.5    204.4      0.4
incl.                    104.5      105      0.5     13.3
incl.                    145.0    145.5      0.5       10
incl.                    178.0    179.5      1.5       10
136                        3.5       46     42.5      0.8
                           131    226.7     95.7      0.5
137                        9.3    129.5    120.2      0.7
incl.                     81.1     81.7      0.6     16.2
incl.             Jordi  101.7      104      2.3      0.5
                         137.5      138      0.5     43.2
                         196.7    350.5    153.8      0.7
incl.                    251.3    252.7      1.4     11.6
138                      114.8    136.4     21.6        1
139                        2.1    221.3    219.2      0.4
incl.                    212.8    213.3      0.5       37
                  Jordi  221.3    229.5      8.2     56.4     13.7
incl.                    225.0    225.5      0.5    867.1
                           256    257.2      1.2     10.3
                         277.7    278.2      0.5     11.3
140                       21.3    289.8    268.5      0.7
incl.                    173.0    173.5      0.5     11.6
incl.                    223.0    224.5      1.5       12
incl.                    265.9    266.7      0.8     31.3
                         311.8    312.6      0.8     25.3
                         318.6    319.4      0.8     14.1

*  Interval along the hole, true width not known.
** High gold grades cut at 50 g/t m.

As announced last week, diamond drilling continues on the Cheechoo property with an additional 3,000 metres added to the drilling program in order to complete the systematic coverage of the main gold area, measuring approximately 500 metres by 500 metres, with a 50-metre drill spacing.

Details of the intersections described in the table are available on the company's website.

A map showing the location of drill holes and the three sections are available on the company's website.

Sirios's 100-per-cen-owned Cheechoo property is located at Eeyou Istchee James Bay, Quebec, approximately 800 kilometres north of Montreal, 200 km east of Wemindji and less than 10 km from the 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 the 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, qualified person pursuant to National Instrument 43-101, has prepared and verified the technical information of this press release, as well as reviewing the final text.

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