August 26, 2014 09:12 ET
MONTREAL, QUEBEC--(Marketwired - Aug. 26, 2014) - SIRIOS RESOURCES INC. (TSX VENTURE: SOI) announces that systematic rock sampling undertaken this summer on the CHEECHOO gold property delineated a new anomalous bedrock gold area. This area is adjacent to the gold, arsenic and tungsten anomalies in soils located in 2010, where there is no outcrop, thus defining a 1 square km sector untested by drilling. This target area seems to be in the northwest extension of the large gold envelope outlined by Sirios' recent diamond drilling. Last drilling results are expected shortly.
Recall that on the CHEECHOO property, diamond drilling has recently outlined, in granitic rock (tonalite), a gold envelope extending over a minimum of 900 metres from the southeast to the northwest over a width of approximately 300 to 450 metres and, down to a vertical depth of 200 metres. This gold envelope remains open to the west, northwest and at depth
The Cheechoo gold project is situated at less than 10 km from the Éléonore gold mine of the producer Goldcorp which the beginning of the production is planned at the end of 2014. This world-class deposit contains 4.03 million ounces of proven and probable gold mineral reserves and 4.10 million ounces of inferred gold mineral resources (Source: Goldcorp's press release, March 28, 2014). Sirios concluded in 2012 an agreement with Golden Valley Mines Ltd involving the Cheechoo property that, upon completion of certain obligations and counterparties, will increase its current interest from 45% to 100% (Press release December 9, 2013). Sirios is the operator of the project.
This press release was prepared by Dominique Doucet, P. Eng., President of Sirios, Qualified Person pursuant to National Instrument 43-101.
Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.
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
Dominique Doucet, President(514) firstname.lastname@example.org(514) 510-7964 (FAX)Peter Kong, B.B.A(514) email@example.com(514) 510-7964 (FAX)www.sirios.com
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