SIRIOS Resources Inc.
TSX VENTURE : SOI

SIRIOS Resources Inc.

June 08, 2016 08:30 ET

Sirios Continues to Intersect High-Grade Gold at Cheechoo

Gold grades confirmed in the new north-west sector

MONTREAL, QUEBEC--(Marketwired - June 8, 2016) - Management of Sirios (TSX VENTURE:SOI) is pleased to announce complete results of the diamond drilling campaign concluded last march. Besides partial results already published, new results of the twenty-six holes undertaken include grades of 37.2 g/t Au over 4.1 metres including 102 g/t Au over 1.4 metres in drill hole #35; 31.8 g/t Au over 6 metres, including 124.0 g/t Au over 1.5 metres in drill hole #41; 6.0 g/t Au over 7.4 metres in drill hole #54; and 13.0 g/t Au over 2.7 metres, 29,1 g/t Au over 1,2 metres and 29.3 g/t Au over 1 metre in drill hole #53. Gold grades were also confirmed in drill holes where visible gold was observed (press release March 7, 2016) in the new sector located at more than 1.5 km of the main drilled sector, yielding up to 5.5 g/t Au over 1 metre and 5.3 g/t Au over 1.1 metres in drill hole #47 and up to 10.7 g/t Au over 1 metre in #48.

Gold grades reaching respectively 16.1 g/t Au over 1 metre and 2.3 g/t Au over 6 metres were obtained in meta-sedimentary rocks in drill hole #52 in addition to the section, already announced at the end of march, of 12.1 g/t Au over 20.3 metres located at the contact between these same rocks and the tonalite. Other gold grades were also obtained in meta-sedimentary rocks such as 1.2 g/t Au over 16.3 metres in drill hole #54.

Dominique Doucet, President of Sirios states: ''Results of our drilling campaign are highly encouraging, they allowed us to demonstrate the continuities of gold zone along the north-eastern trending structures in the tonalite as well as to confirm significant gold presence in meta-sedimentary rocks. Future exploration efforts will therefore focus on more promising priority targets, such as: the zone or zones ''52'' in the drill hole with the same name, the biotite schist intersected in drill hole #40, the new north-west sector around drill holes #47 and #48 located at more than 1.5 km from the main drilled sector; the whole sector neighboring the tonalite-meta-sediments contact and finally, north-east south-west structures. In addition, identified target by till sampling at more than 3 km north-west of main drilled sector, will be the sixth priority target for upcoming fieldworks.''

Fourteen drill holes out of seventeen completed in the main drill sector yielded significant results, only drill holes #34, 39 and 56 yielded at most, anomalous gold grade. Three drill holes, #31, 47 and 48, out of thirteen undertaken outside of this sector yielded significant results. The Winter 2016 diamond drilling program consisted of twenty-six drill holes (#31 to 56) in addition to the extension of #22 for a total of 4,432 metres. Maps showing locations of drill holes as well as long sections are available at the following links:

http://sirios.com/images/Carte-Zoomin-2016-06-06.jpg

http://sirios.com/images/Carte-Zoomout-2016-06-06.jpg

http://sirios.com/images/Longitudinale%20L.jpg

http://sirios.com/images/Longitudinale_I.jpg

http://sirios.com/images/Longitudinale_Jordi.jpg

http://sirios.com/images/Longitudinale_K.jpg

The table below lists all significant results:

MAIN ASSAYS RESULTS

2016 WINTER DRILLING CAMPAIGN

Drill hole
CH-16-
Note From
(m)
To
(m)
Interval
(m)*
Au
(g/t)
35 Zone K 52.5 55.5 3 1.2
Zone Jordi 75.4 79.5 **4.1 37.2
75.4 79.5 **4.1 ***19.4
Incl, 77.0 78.4 **1.4 ms 102.0
Zone I2 88.5 91.5 **3.0 2
Zone I 110.8 113.5 2.7 4.6
Incl, 112.5 113.5 1 12.32
122 125 3 1.7
41 Zone L 16.4 19.2 2.8 1.4
Zone K 137 143 **6.0 31.8
137 143 **6.0 ***13.3
Incl, 141.5 143 **1.5 ms 124.0
Zone Jordi 206 209 3 1.4
Zone I 227.5 2305 3 1
267.5 270 2.5 3
325 328 3 1.4
358.5 363 4.5 2.9
54 meta-sediments 40.9 57.2 16.3 1.2
contact sediments-tonalite 82.7 94 11.3 4.1
Incl, 83.8 86.9 3.1 13.36
Zone K 121.5 126 4.5 1
53 27.5 30.2 2.7 13
Incl, 29.0 30.2 1.2 29.1
Zone L in re-assay 79.5 80.6 **1.0 ms in re-assay
154.6 155.6 **1.0 ms 29.3
Zone I 285.4 288 **2.6 7.8
Incl, 287.0 288 **1.0 ms 20.0
52 Meta-sediments 38.0 39.0 1.0 16.1
Meta-sediments 77.0 99.6 22.6 1.3
Meta-sediments incl. 88.8 99.6 10.8 2
Zone L contact sediments-tonalite a.p 120 140.3 **20.3 ms 12.1
a.p 120.0 140.3 **20.3 ***8.2
51 10.9 16 **5.1 10.4
Incl, 10.9 12.2 **1.3 ms 39.6
30 31.7 1.7 8.8
Zone Jordi 104 105 **1.0 ms 1.1
Zone I 173.6 176.2 2.6 10.3
Incl, 173.6 174.8 1.2 18.6
40 Zone L 64 65.5 1.5 10.5
91 100 9 0.9
Zone K 187.5 193.5 6 0.9
Zone Jordi 252.5 258.5 6 1.1
Zone I2 272 275 **3.0 3.1
272 273.5 **1.5 ms 5.8
Biotite schiste a.p 295.0 334 **39.0 1.3
a.p Incl, 320.6 327 **6.4 3.1
a.p and 346.9 350.1 3.2 2.9
55 Zone K 25.9 28.6 2.7 1.3
Zone Jordi 58.5 64.0 5.5 1.1
Zone I2 112.5 117.2 4.7 2.3
136.5 144.0 7.5 1.1
Zone I 150.5 153.5 3.0 3.1
31 6.6 12.1 5.5 0.9
58.5 70.5 12.0 1.6
79.9 98.0 18.1 1.1
incl. 96.0 98.0 2.0 3.4
22Ext a.p 209.0 210.0 1.0 16.3
a.p 240.5 245.4 **4.9 1.7
32 a.p 15.5 17.0 1.5 4.4
a.p 122.8 123.8 **1.0 ms 9.1
33 a.p 9.3 16.8 7.5 0.7
a.p 41.9 42.9 1.0 2.7

New north-west sector

Drill hole
CH-16-
Note From
(m)
To
(m)
Interval
(m)*
Au
(g/t)
47 tonalite 36.5 37.5 **1.0 ms 1.2
Contact tonalite-meta-sediments 57.9 58.9 **1.0 ms 5.5
meta-sediments 88.1 89.2 1.1 5.3
48 27 33.5 6.5 0.9
71 79.3 **8.3 1.6
incl, 73.80 74.8 **1.0 10.7
* Interval along the hole, true thickness non-indicated
** Visible gold observed
*** Maximum gold grade cut at 50 g/t
ms : Gold grade obtained by fire assay with metallic sieve
a.p : announced previously

Information and coordinates of drill holes

Drill hole Direction
Plunge
Length
UTM E
UTM N
# ° ° m NAD 83 NAD 83
CH919-16-22-Ext. 254 -41 54 438500 5830171
CH919-16-31 300 -50 156 438054 5830500
CH919-16-32 300 -50 201 438514 5830175
CH919-16-33 300 -50 81 438430 5830333
CH919-16-34 300 -50 81 438480 5830431
CH919-16-35 300 -50 141 438552 5830433
CH919-16-36 300 -50 72 438035 5830168
CH919-16-37 300 -50 75 437872 5830263
CH919-16-38 300 -50 102 437688 5830040
CH919-16-39 300 -50 141 438604 5830527
CH919-16-40 295 -55 355.4 438666 5830147
CH919-16-41 300 -50 367 438598 5830176
CH919-16-42 300 -50 150 437325 5830924
CH919-16-43 300 -50 150 437224 5830744
CH919-16-44 300 -60 150 436725 5830982
CH919-16-45 295 -55 231 436968 5831476
CH919-16-46 300 -50 165 437067 5831651
CH919-16-47 55 -45 96 436970 5831476
CH919-16-48 240 -45 150 437161 5831211
CH919-16-49 55 -45 78 437651 5831028
CH919-16-50 235 -55 148.5 437650 5831027
CH919-16-51 300 -50 201 438577 5830321
CH919-16-52 300 -50 192 438830 5830228
CH919-16-53 300 -55 330 438717 5830236
CH919-16-54 300 -53 252.4 438694 5830365
CH919-16-55 300 -50 170 438428 5830128
CH919-16-56 300 -50 141 438579 5830486

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 gold deposit contains reserves of 4.97 Moz Au (proven and probable categories), combined measured and indicated resources of 1.06 Moz Au and inferred resources estimated at 2.80 Moz Au, for a total of 8.83 Moz of gold. (Source: Goldcorp press release dated February 19, 2015). 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 has recently completed all these obligations and counterparts and will file shortly a request for transfer of mining claims to the competent authorities.

Assay quality control

NQ-caliber drill cores of current campaign 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). Samples with visible gold were assayed by pyro-analysis with metallic sieve (SCR24) from a sample of about 1 kg.

This press release was prepared by Dominique Doucet, P. Eng., President of Sirios, Qualified Person pursuant to National Instrument 43-101.

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.

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