Sirios resumes exploration work on recently expanded Aquilon high-grade gold property
August 13 2019 - 9:56AM
Management of
SIRIOS (TSX-V: SOI)
is pleased to announce it is resuming the exploration work on the
Aquilon high-grade gold property at Eeyou Istchee James Bay,
Quebec. In addition, Sirios recently acquired 36 additional claims
by map designation, increasing its wholly owned property to 140
claims, totaling approximately 70 km2.
Sirios' exploration team is initiating
prospecting, detailed mapping and lithogeochemical sampling on the
property. This fieldwork will be undertaken on areas highlighted by
the recent geological and structural modelling and reinterpretation
completed by Sirios’ geologists.
The Aquilon property contains more than fifteen
high-grade gold bearing veins that were discovered by Sirios and
its previous partners over the years.
Some of these showings have been tested by
channel sampling, that yielded up to:
- 287.4 g/t Au over 2.3 m on the Môman showing and 110.2 g/t Au
over 3.49 on the Fleur de Lys showing (ref.: press release of
August 28, 2000).
Very shallow drill holes undertaken on four of
these showings in previous years yielded up to:
- 3,230.89 g/t Au over 0.8 m, including 12,906.5 g/t Au over 0.20
m on the Lingo 3 West vein (ref.: press release of June 26,
2008);
- 834.4 g/t Au over 1.71 m including 3,527.4 g/t Au over 0.40 on
the Môman vein 133.67 g/t Au over 0.82 m on the Fleur de Lys
vein (ref.: press release January 19, 2011);
- 10.03 g/t Au over 4.33 m on the Red Toad vein, including 53.7
g/t Au over 0.35 m and 108.0 g/t Au over 0.21 m (ref.: press
release November 9, 2004 from Golden Tag Resources Ltd.)
Over the years, 205 very shallow drill holes
totalling approximately 12,250 metres were completed on the Aquilon
property, mainly on three very small areas (Lingo, Fleur de Lys and
Môman). More than 100 of these holes were drilled on Lingo showing.
All the drilled showings remain open at depth, with a
North-Northeast trending plunge. Sixty-two percent of all the drill
holes completed were less than 100 metres in length.
The property is located at the north eastern
portion of the La Grande Subprovince. It comprises a calco-alkaline
felsic volcanic complex covering an area of just over 35 km2. The
property is located approximately 1,750 km north of Montreal and
490 km east of Radisson. It is easily accessible by a network of
all-season roads via the Trans-Taïga road which crosses the Eeyou
Istchee James Bay region from west to east. The property is
transected by the road leading to Laforge 1 (LA-1) hydro-electric
complex, located 20 km north of kilometer 395 of the Trans-Taïga
road.
Roger Moar, Geo., and Dominique Doucet, P. Eng.,
Qualified Persons pursuant to National Instrument 43-101, prepared
and verified the technical information of this press release, as
well as reviewed the final text. Please note that Mr. Moar was
acting, since 2004, as Qualified Person on behalf of previous
partner Golden Tag Resources Ltd. for press releases related to
exploration results on Aquilon.
Neither the TSX Venture Exchange nor its
regulatory services provider (as defined in the TSX-V Venture
Exchange Rules) can be held responsible for the accuracy or
veracity of this press release.
To contact us: Dominique
Doucet, President and
CEO, ddoucet@sirios.comTel: 514-510-7961
A map accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c44ba025-5d37-4def-8b97-458280c032ad
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