Skip to main content

Sirios outlines its fully funded 2020 summer exploration and drilling programs

Written by Customer Service on . Posted in Public Companies.

MONTREAL, July 07, 2020 (GLOBE NEWSWIRE) — Management of SIRIOS RESOURCES INC. (TSX VENTURE: SOI) is pleased to provide details on its 2020 summer exploration programs for three of its gold properties. These programs include exploration trenching on its flagship Cheechoo project, diamond drilling and a soil sampling survey on its Aquilon property, as well as a prospecting program on the Niska property, located 10 km northeast of Azimut Exploration’s Elmer gold discovery.
Cheechoo (Inferred resources of 1.6 Moz1 contained in 71 Mt @ 0.69 g/t Au)In mid-July exploration trenching will be completed on an area located several kilometers north of the conceptual pit used to define the current resources estimation. The trenching program will target soil anomalies, similar to those identified in the area of the Cheechoo deposit.Drill core assaying is still in progress for samples collected during the 2020 winter drilling program (5,237 m). Meanwhile, metallurgical tests continue on representative mineralized samples of Cheechoo at the KCA facilities in Reno, Nevada. Cyanidation bottle roll tests have now been completed, allowing the start-up of the column leach tests this week. These tests will be used to evaluate the projects potential for heap leach extraction and the gold recovery. These results could have a positive economic impact on a future Preliminary Economic Assessment (PEA) for the project.The entire Sirios team is working hard to take the necessary steps to develop and demonstrate the economic potential of the Cheechoo project.AquilonDiamond drilling is continuing on the property, testing the depth extension of some of the high-grade, near surface gold showings as well as to target disseminated to semi-massive pyritic auriferous horizons.A soil sampling survey was initiated this week in the area of the gold-bearing Wolf Corridor, which hosts the majority of the high-grade gold showings on the property. A total of more than 650 humus samples are planned to be collected and analyzed.NiskaA prospecting program will be carried out at the beginning of August on the Niska property, located approximately 10 km northeast of the Elmer gold discovery of Azimut Exploration. Fieldwork will focus in the area where anomalous gold was discovered in outcrop samples in 2019, as well as along interpreted northeast to southwest trending shear zones.About 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.1 BBA, Mineral Resource Estimate for The Cheechoo Project, 12/06/2019, www.sirios.comNeither 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.Contact:
Dominique Doucet, President
ddoucet@sirios.com
Website: www.sirios.com
Tel.: (514) 918-2867

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.