SIRIOS: New Gold Zones Intersected by Drilling at Cheechoo, Close to Eleonore
December 16, 2015
MONTREAL, QUEBEC--(Marketwired - Dec 16, 2015) - Management of Sirios (TSX VENTURE:SOI) is pleased to announce the results of four other diamond drill holes undertaken in last September on the Cheechoo gold property. Three drill holes (#23, 25 and 26), situated between 200 and 250 metres from the first two drill holes #20 and 21 (press release December 1 2015) intersected other distinct gold zones. These zones, yielding grades between 4.66 g/t Au and 18.95 g/t Au over lengths between 1 m to 3 m, are also included in intervals of lower grades reaching up to 1,00 g/t Au over 33 metres in hole #26. Other gold zones with smaller lengths were also intersected by these drill holes, as indicated in the table below.
As for drill hole #30 that is located at more than 650 metres from drill holes #20 and 21, and close to drill hole #15 undertaken in 2014, has intersected a zone grading 0.79 g/t over 23.90 metres including 1.78 g/t Au over 3.5 metres centered on a fault. Drill hole #15 was stopped in this fault zone at 72 metres of depth yielding a grade of 1.16 g/t Au over 9 metres at the end of the hole.
Eleven diamond drill holes were completed in last September for a total of 1,962 metres. Note that visible gold was observed in eight of these drill holes. The complete results of the other five drill holes will be released when re-assays will be finished. Two of the five drill holes are located in the same zone of drill holes #18, 20 and 21, while the other three are located between 50 and 150 metres from the latter.
MAIN ASSAY RESULTS OF DRILL HOLES #23, 25, 26 AND 30
|Drill hole # |
|* Interval along the hole|
|** Visible Gold|
|L.C.: Lost core|
The CHEECHOO gold project is located in Eeyou Istchee James Bay, Quebec, 800 km north of Montreal and less than 10 km from the Eleonore gold mine of producer Goldcorp that has just begun production. This world-class deposit contained 4.03 million ounces of gold and 4.10 million ounces of inferred gold mineral resources (Source: Press release of Goldcorp, March 28 2014). In 2012, Sirios concluded an agreement with Golden Valley Ltd. regarding ownership of CHEECHOO allowing it, to upon completion of certain obligations and counterparts, increase its current interest to 100% (press release dated December 9, 2013). Sirios is the manager of the project.
Assay quality control
For holes #23, 25, 26 and 30, 551 samples representing 682 metres of NQ drill core, were sawed in half, with one half sent to a commercial laboratory for analysis and other half retained for future reference. A strict QA/QC program was followed by integrating blanks and certified reference materials to the drill core samples, all of which were prepared by IOS Services Géoscientifiques inc. of Chicoutimi, and assayed for gold by fire assay and atomic absorption finish (AA24) by the ALS Minerals laboratories in Val d'Or, Quebec. Samples grading more than 3 g/t were re-assayed by fire assay with gravimetric finish. (GRA22).
This press release was prepared by Dominique Doucet, P. Eng., President of Sirios, Qualified Person pursuant to National Instrument 43-101.