Sirios starts a major re-assaying program for the Cheechoo Gold Project, Quebec
April 28 2021 - 8:30AM
The management of
Sirios Resources Inc. (TSXV:
SOI) is pleased to announce that a major re-assaying program was
initiated recently for the Cheechoo gold project, Eetou Istchee
James Bay, Quebec. Several thousand core samples used to define the
Cheechoo gold deposit may be re-assayed using the “LeachWELL”
process (cyanide bottle roll leach) on one kilogram of material per
sample. To date, 643 samples have been sent to the AGAT and Actlabs
laboratories.
This program results from a statistical analysis
conducted by Sirios’ geologists showing that the gold grade is
generally higher and more representative when the sample weight is
greater than the 50 grams normally used in laboratory. This
relationship between the measured gold grade and the size of the
assayed sample is typical of the “nugget effect” and was confirmed
by previous mineralogical and metallurgical studies.
Dominique Doucet, founder and CEO of Sirios,
stated: "Based on the results of the re-sampling program, we
believe that the average gold grade of the Cheechoo deposit will
improve. The drilling program that will be carried out this summer
and the re-assaying program will increase the quality of the
Cheechoo deposit and possibly the average gold grade. "
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., Senior Geologist, Qualified Persons as defined by
NI 43-101.
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 focusing primarily on its Cheechoo gold
discovery, while actively exploring for the gold potential of its
other properties.
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.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the Rules of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contact :Dominique Doucet, President, CEO,
Eng.Tel. : (514) 918-2867ddoucet@sirios.comwebsite
: www.sirios.com
____________________________1 BBA, Mineral Resource Estimate
Update for The Cheechoo Project, 31/10/2020
Sirios Resources (TSXV:SOI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Sirios Resources (TSXV:SOI)
Historical Stock Chart
From Sep 2023 to Sep 2024