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Sirios Resources Inc. (SOI.V)

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  • GlobeNewswire

    Sirios Resources Inc. to Webcast Live at VirtualInvestorConferences.com, on October 6th

    Sirios Resources Inc. invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.comMONTREAL, Oct. 02, 2020 (GLOBE NEWSWIRE) -- SIRIOS RESOURCES INC. (TSX-V: SOI), based in Montreal, focused on mining exploration gold projects in Eeyou Istchee James Bay, Quebec, with its flagship project Cheechoo, announces today that Dominique Doucet, CEO and founder, will present live at Virtual Investor Conferences on October 6th. Date: Tuesday, October 6th    Time: 11:30 a.m. Link: https://bit.ly/32NlcklThis will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event. It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.Learn more about the event at www.virtualinvestorconferences.com.Recently, Sirios Resources announced the remaining assay results of the drilling campaign completed in March on the Cheechoo gold property at Eeyou Istchee James Bay, Quebec. The results, just like the previous ones, are promising: 10.3 g/t Au over 12.1 m and 19.5 g/t Au over 7.5 m outside of the resources estimate at Cheechoo. The first resource estimate of the Cheechoo project, published in December 2019 and based on an open-pit model, resulted in an inferred resource of 1.6 million ounces of gold hosted in 71.0 million tonnes, at an average grade of 0.69 grams of gold per tonne, with a waste to ore strip ratio of 1.1: 1. All Cheechoo press releases can be consulted here.About Sirios Resources Pioneer in the discovery of significant gold deposits in the Eeyou Istchee James Bay region of Quebec, Canada. Sirios focuses mainly on its Cheechoo gold discovery while actively exploring the auriferous potential of its other properties.About the Cheechoo property Sirios’ 100% owned Cheechoo property is located in the Eeyou Istchee James Bay region of Quebec, approximately 800 km north of Montreal, 200 km east of Wemindji and less than 10 km from Newmont’s Éléonore gold mine. The property contains the Cheechoo deposit with its maiden NI43-101 resource estimate of 1.6 million ounces gold with a strong potential of increase.About Virtual Investor Conferences® Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly-traded companies to meet and present directly with investors. A real-time solution for investor engagement, Virtual Investor Conferences is part of OTC Market Group's suite of investor relations services specifically designed for more efficient Investor Access.  Replicating the look and feel of on-site investor conferences, Virtual Investor Conferences combine leading-edge conferencing and investor communications capabilities with a comprehensive global investor audience network.Neither the 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.CONTACTS: Sirios Resources Dominique Doucet CEO and Founder (514) 918-2867 ddoucet@sirios.comVirtual Investor Conferences John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com

  • Sirios intersects 10.3 g/t Au over 2.9 m on the Aquilon gold property, Eeyou Istchee James Bay, Quebec, Canada
    GlobeNewswire

    Sirios intersects 10.3 g/t Au over 2.9 m on the Aquilon gold property, Eeyou Istchee James Bay, Quebec, Canada

    Location of drill holes of Aquilon 2020 Location of drill holes of Aquilon 2020 AQ20-105 AQ20-105 AQ20-108 AQ20-108MONTREAL, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Management of SIRIOS RESOURCES INC. (TSX-V: SOI) is pleased to announce assay results from the seven drill holes completed last July on the Aquilon gold property at Eeyou Istchee James Bay, Quebec. More than thirty high-grade surface gold showings occur on this property, including some with spectacular gold grades (ref.: 12/02/2014; 01/01/2011; 06/26/2008 Press Releases). Numerous shallow drill holes were completed on the property over the years (205 holes totaling 12,247 m), with the majority of this work concentrated on four of the showings when the project was managed by its partners. Sirios reacquired full ownership of Aquilon in 2016, at which point they initiated and continue to revise the exploration strategy on this property, which is ranked internally as having an excellent discovery potential. Moman / Fleur de lys Area Drill hole 108 intersected 4.65 g/t Au over 6.9 m, including 10.3 g/t Au over 2.9 m, extending the Moman showing for more than 175 m laterally to the area of the Fleur de lys showing. This drill hole allows for the first time to spatially connect these two showings, each composed of a main high-grade gold vein and gold halos encompassing others veins and veinlets. An intercept of 4.36 g/t Au over 1.2 m in hole 105, is related to a zone located approximately 15 meters above the Moman vein.Lingo Area The Lingo-3 West Vein with visible gold was intersected at depth by drill hole 106, which assayed 1.43 g/t Au over 1 m. This extends the vein by 60 m, for a total length of approximately 300 metres down plunge from surface along the mineralization axis.Other exploration targets In addition to lode-type mineralization (quartz veins) intersected in the Moman/Fleur de lys and Lingo showing areas, gold mineralization was also associated with semi-massive to disseminated sulphides, similar to the surface SLD showing, and observed in drill hole 109. The drill hole intersected an interval of disseminated sulphides which assayed 4.63 g/t Au over 1 m, as well as another anomalous zone of 0.16 g/t Au over 21.4 m hosted in a tonalite containing less than 5% of disseminated sulphides (pyrite, pyrrhotite).The compilation of historical data, with results of the new drill holes, shows that the vein-type gold mineralization is persistent along a 30-degree dip to the north-northeast with frequent occurrence of visible gold. Drill hole 108 defines a significant lateral extension of the Moman showing outside of the high-grade shoot (cylindrical shape) that had previously been followed for over 100 metres along its plunge trend."We are very encouraged by these results, with only a few drill holes we were able to, for the first time on Aquilon, connect two high-grade gold showings laterally over a significant distance of more than 175 m. The results more than warrant further exploration efforts on this property, including additional drill holes to confirm both the lateral and depth continuity of these showings. Furthermore, the presence of gold mineralization associated with disseminated sulphides, close to a gold-rich hydrothermal system, demonstrates the additional potential to discover a deposit associated with sulphides bearing volcano-plutonic rocks." states Dominique Doucet, founder and President of Sirios.Next steps The results of this drilling campaign have improved our understanding of the gold mineralization model. Compilation work continues with reinterpretation of the historical data, supplemented by the new drilling results, in order to generate new exploration targets. In addition, 643 soil samples (humus) collected this summer in the central area of the property are currently being assayed. The results of this survey could develop new targets.Finally, the seven drill holes of this campaign, totaling 1,414 metres, was the first phase of a larger 10,000-metre program that could be completed in the future.AQUILON – 2020 SIGNIFICANT DIAMOND DRILLING RESULTSDrill Hole AQ20-AreaFromToLength (m)*Grade (g/t Au)Interpretation 105Moman115.0120.05.01.19Zone above the Moman vein   incl. 115.8117.01.24.36    224.8227.22.41.21Zone below the Moman vein 106Lingo77.481.44.00.86Extension of the Lingo-2 vein   125.0126.01.0**1.43Extension of the Lingo-3 West vein 108Fleur-de-lys82.589.46.94.65Extension of the Moman zone to Fleur de lys   incl. 86.589.42.9**10.30  109SLD31.332.31.04.63Gold mineralization in disseminated sulphides   78.599.921.40.16Anomalous gold zone associated with disseminated sulphides * Length of the drill hole, true width not determined ** Visible gold observed. Drill holes 107, 110 et 111 did not yield significant results. A table of collar coordinates is available at the following link: www.sirios.com/aquilon-bd-coordinates-drilled-20200922Assay quality controlAll drill core was logged and split in half by Sirios personnel on the Aquilon property. One half of the drill core was then sent to a certified commercial laboratory in the Rouyn-Noranda region for assaying and other half kept for future reference. A strict QA/QC program is in place 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. Samples assaying greater than 2 g/t Au, as well as drill core samples with visible gold, were assayed by fire assay with metallic sieve on a 1 kg sample.About Aquilon The Aquilon property, 100% owned by Sirios, contains 140 claims covering close to 70 km2. It is located approximately 490km east of Radisson and is easily accessible year-round by road, via the Trans- Taïga highway crossing the Eeyou Istchee James Bay region. Diamond drilling on the property is optimal during winter months due to the swampy areas. More information on the property is available at the following link: https://sirios.com/en/aquilon/.About Sirios Pioneer in the discovery of significant gold deposits in the Eeyou Istchee James Bay region of Quebec, Canada. Sirios focuses mainly on its Cheechoo gold discovery while actively exploring the auriferous potential of its other properties.Roger Moar, P.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.Neither the 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.To contact us: Sirios Resources Inc.Dominique Doucet, Eng., President, CEO ddoucet@sirios.com         Tel.: (514) 918-2867Maps accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/6bda9eb6-0228-4082-a59c-c83955a379echttps://www.globenewswire.com/NewsRoom/AttachmentNg/801f4d63-7c7c-4bf0-b64f-e84925639162https://www.globenewswire.com/NewsRoom/AttachmentNg/17890493-49ef-41e3-9bcc-f772a5d745ab

  • Sirios intersects 10.3 g/t Au over 12.1 m and 19.5 g/t Au over 7.5 m outside of the resources estimate at Cheechoo, Quebec, Canada
    GlobeNewswire

    Sirios intersects 10.3 g/t Au over 12.1 m and 19.5 g/t Au over 7.5 m outside of the resources estimate at Cheechoo, Quebec, Canada

    Figure 1 Location of drill holes, winter 2020 Figure 2 Location of drill holes and section lines, winter 2020 Figure 3 Cross Section A-A’ Figure 4 Cross Section B-B’ Figure 5 Cross Section C-C’ Figure 6 Cross Section D-D’MONTREAL, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Management of SIRIOS RESOURCES INC. (TSX-V: SOI) is pleased to announce the remaining assays results of the drilling campaign completed in March on the Cheechoo gold property at Eeyou Istchee James Bay, Quebec. Among the significant new results, multiple zones were intersected outside of the limits of the conceptual pit used to define the resources estimate: CH20-258 :3.0 g/t Au over 46.9 m, including 158.1 g/t Au over 0.8 m   (outside of the pit)      CH20-265 :10.3 g/t Au over 12.1 m, including 78.9 g/t Au over 1.5 m   (outside of the pit)      CH20-266 :1.8 g/t Au over 116.0 m, including 19.5 g/t Au over 7.5 m, with 147.9 g/t Au over 0.8 m   (straddles the pit limit)      CH20-2660.8 g/t Au over 55.8 m   (additional mineralisation inside the pit)      CH20-267 :1.1 g/t Au over 24.5 m   (additional mineralisation inside the pit) The objectives of this drilling campaign were to; discover additional gold ounces outside of the conceptual pit, expand the number of ounces within the limit of the pit, as well as boost the confidence level in the estimation within a specific area of the deposit.Twenty-two drill holes, totaling 5,237 metres, were completed during this campaign. The assay results of the first six drill holes (CH20-246, 248, 249, 251, 253 and 254) were presented in the press release dated May 12, 2020. Three of these drill holes (248, 249 and 254) finished in gold mineralization, that continues at depth.Dominique Doucet, founder and President of Sirios, states: “The fieldwork on the Cheechoo project continues to yield positive results. The recent drilling campaign confirms our gold mineralization model and will probably allow us to increase the size of the resource for the next update. In the upcoming months, we plan to pursue the development of the project on multiple fronts; including the metallurgical tests, verifying the potential of new ore treatment procedures, as well as the undertaking of a definition drilling campaign to convert inferred resources into indicated resources. Note that during the evaluation of the NI 43-101 resources estimate, it was stated that approximately only an additional 15,000 metres were needed to convert Cheechoo’s inferred resources into indicated resources. With these drilling and metallurgical results, we will have the required information to undertake a Preliminary Economic Assessment (PEA) in 2021.”The first resource estimate of the Cheechoo project, published in December 2019 and based on an open-pit model, resulted in an inferred resource of 1.6 million ounces of gold hosted in 71.0 million tonnes, at an average grade of 0.69 grams of gold per tonne, with a waste to ore strip ratio of 1.1: 1. In addition, a significant potential for increasing the current mineral resources has been identified with the possibility of adding an additional 25% more ounces of gold, currently located on the Cheechoo property, in the event that an agreement with the owners of the neighbouring property can be reached to access this material. The resource estimate was defined using US $ 1,300 per ounce of gold and a cut-off grade of 0.3 g/t Au (BBA, Mineral Resource Estimate for The Cheechoo Project, 6/12/2019, www.sedar.com).SIGNIFICANT RESULTS OF THE 16 DRILL HOLES1Drill holes CH20- FromToWidth (m)GradeAu Cap 50 g/t m (g/t Au)(g/t) 252 84.590.25.70.5  256 257.5269.512.00.4    275.5281.05.51.6    294.0301.07.00.3  258 29.639.59.90.4    48.557.59.00.5    64.570.05.50.5    128.7137.58.80.4    244.6291.546.93.01.4  Incl.281.6282.40.8158.162.5 259 28.532.54.00.9    76.580.94.40.9    295.5301.05.50.8  262 151.2183.532.30.5    201.5207.56.00.7    242.0249.07.00.5    257.0284.727.70.5  263 79.687.07.40.5    173.2178.45.21.3    186.5191.04.50.5    199.6206.56.91  264 69.087.018.00.5  265 45.154.08.90.5    143.5159.516.00.5    168.5206.538.00.4    225.0240.015.00.4    267.4279.512.110.34.7  Incl.272.0273.51.578.933.3   293.1301.07.90.5  266 42.698.455.80.8    119.4125.56.12.0    144.0260.0116.01.81.2  Incl.211.0218.57.519.510.4  Incl.213.9214.70.8147.962.5  Incl.217.0218.51.514.3    269.0276.57.50.7    291.0294.53.51.1  267 31.052.321.30.5    115.0139.524.51.1    151.0168.517.50.4    208.5217.08.50.5    251.0269.018.00.6  1 Capped grade at 50 g/t m Au. The mineralization intervals were selected according to the criteria used for the resources estimate of December 2019, including a minimum of 0.3 g/t Au (Cut-off grade) and a minimal length of 5 m. Six exploration drill holes (CH20-247-250-252-255-257 and 260) did not yield significant results. A table with the drill holes coordinates is available at the following link: www.sirios.com/bd-coordinates-drilled-20200817 Figure 1 Location of drill holes, winter 2020 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7cf9e939-9e63-401d-8f9a-dccd10c73f87Figure 2 Location of drill holes and section lines, winter 2020 is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6c771ad8-dbfc-483e-9e3e-96be0aed58d9Figure 3 Cross Section A-A’ is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4496921-16e6-4c0c-a3e5-5a51dfd928adFigure 4 Cross Section B-B’ is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e3006396-9e24-47a5-b79a-dbed0c4389d6Figure 5 Cross Section C-C’ is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/608af543-f99f-4de5-8ee6-4197de385d3eFigure 6 Cross Section D-D’ is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4cafab5d-66f7-450c-b67e-e1409be50fc3 Assay quality controlAll NQ drill core are logged by Sirios personnel at the Cheechoo exploration camp. The drill core is then sent to Rouyn-Noranda to be sawed in half, with one half sent to a commercial laboratory for assaying and other half kept for future reference. A strict QA/QC program is in place by integrating blanks and certified reference standards to the core sample sequence. The samples are assayed for gold by fire assay with an atomic absorption finish by Actlabs. Samples assaying greater than 2 g/t Au as well as drill core samples with visible gold are assayed by fire assay with metallic sieve on a 1 kg sample.About CheechooSirios’ 100% owned Cheechoo property is located in the Eeyou Istchee James Bay region of Quebec, approximately 800 km north of Montreal, 200 km east of Wemindji and less than 10 km from Newmont’s Éléonore gold mine. The property contains the Cheechoo deposit with its maiden NI43-101resource estimate of 1.6 million ounces gold with a strong potential of increaseAbout SiriosPioneer in the discovery of significant gold deposits in the Eeyou Istchee James Bay region of Quebec, Canada. Sirios focuses its work mainly on its Cheechoo gold discovery, while actively exploring the high auriferous potential of its other properties.Jordi Turcotte, MSc., 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.Neither the 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.To contact us: Sirios Resources Inc. Dominique Doucet, Eng., President, CEO ddoucet@sirios.com        Tel.: (514) 510-7961