Sirios signs a second drilling contract with Synee Drilling for the Cheechoo Gold Project, Quebec
April 20 2021 - 8:30AM
The management of Sirios Resources Inc. (TSXV: SOI) is pleased to
announce the signing of a diamond drilling contract with Synee
Drilling Inc. to carry out a minimum of 2,500 metre, to commence
this summer on the Cheechoo gold property in Eeyou Istchee James
Bay, Quebec. The drilling program will test mainly gold exploration
targets located outside the Cheechoo deposit as well as its
extension at depth. This drilling will be carried out in addition
to the recently announced 7,500 metre infill reverse circulation
(RC) program.
The objective of this summer's reverse
circulation drilling program will be to better define the Cheechoo
deposit and subsequently initiate a new resource estimate update
(starting in 2022). This update is expected to convert a
significant amount of the inferred resources to indicated
resources. Improving the classification of the project's gold
resources will allow us to improve the market valuation of the
Cheechoo deposit, as well as taking the project to a more advanced
stage by completing a Preliminary Economic Assessment (PEA).
Increase in the trading volume of Sirios
on the TSX-V
Sirios' management wishes to inform its
shareholders that all activities of the company are proceeding
normally and that there is no known reason for the recent increase
in trading volume on the stock exchange. The high volumes could be
related to the end of the escrowed period on the flow-through
shares issued in the last financing of Sirios.
The scientific and technical content of this
press release has been reviewed and approved by Dominique Doucet,
P.Eng, President and CEO of Sirios Resources Inc. and Jordi
Turcotte, P.Geo.
About Synee Drilling Inc.
Synee Drilling Inc., is a drilling services
company owned 51% by Tawich Development Corporation (TDC) of
Wemindji and 49% by Machines Roger International of Val-d’Or.
About the Cheechoo Property
The Cheechoo gold property, wholly-owned by
Sirios, is located in Eeyou Istchee James Bay, Quebec, less than 9
km from Newmont’s Eleonore gold mine. The latest resource estimate
for the Cheechoo project (October 2020) estimated an inferred
resource of 2.0 million ounces of gold contained in 93.0 million
tonnes of rock at an average grade of 0.65 g/t Au, with significant
potential to increase this resource.1
About Sirios
A pioneer in the discovery of significant gold
deposits in Eeyou Istchee James Bay, Quebec, Canada. Sirios
Resources Inc. is primarily focused on its Cheechoo gold discovery
while actively exploring the high gold potential of its other
properties.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contact :Dominique Doucet,
President & CEO, P.Eng.Tel. : (514)
918-2867ddoucet@sirios.comwebsite :
www.sirios.com
1 BBA, Mineral Resource Estimate Update for The Cheechoo
Project, 31/10/2020
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