Sirios Confirms Gold Grade of the New Lithology at Cheechoo
Visible gold observed in three drill holes outside the known gold zone
MONTREAL, QUEBEC--(Marketwired - Mar 7, 2016) - Management of Sirios (TSX VENTURE:SOI) announces partial results of gold assays from diamond drill hole #40 on the Cheechoo property in Eeyou Istchee James Bay, Quebec. As announced on last February 9, this drill hole intersects a biotite schist over 36 metres (true width unknown). The section with visible gold yielded 2.12 g/t Au over 11.5 metres between 315.5 m and 327 m including 3.05 g/t Au over 6.4 m with a highest grade of 6.13 g/t Au over 1.2 m. A section containing all the biotite schist yielded 1.27 g/t Au over 39 metres between 295 m and 334. In addition, a yield of 2.88 g/t Au over 3.2 m was obtained between 346.9 m and 350.1 m. For the moment, assays results are only available for the last section of drill hole #40 between 287 m and 355.4 m; this section yields in total 1.0 g/t Au over 68.4 metres.
Nine drill holes (#42 to 50) were completed in an area between 0.5 to 1.5 km north-west of the known gold halo of 1.1 km delineated in its north-west region by drill holes #15 to 30. Visible gold was observed in three drill holes (#42, 47 and 48) at the proximity of or at the geological contact between tonalite and meta-sedimentary rocks. Presence of gold is now, thus, confirmed at more than 1 km north-west to the known gold halo. In drill holes #47 and 48, new mineralogical assemblages were observed in meta-sedimentary rocks and in tonalite, which are marked by geological alteration with diopside, garnet, brown tourmaline, chlorite and black quartz-tourmaline veinlets.
A map showing the localisation of drill holes is available at the following link: http://sirios.com/files/carte-2016-03-07.jpg
2016 Convention of the Prospectors and Developers Association of Canada (PDAC)
The convention is underway this week until March 9th at the Metro Toronto Convention Centre. Sirios will present the most recent results on Cheechoo on March 8th and 9th at booth 3105B of the Core Shack. Anybody interested are also invited to come and meet the representatives of Sirios at booth 2910 of the Investors Exchange.
For more information concerning Sirios at the convention, please visit the website of PDAC:
http://www.pdac.ca/convention/programming/investors-exchange
http://www.pdac.ca/convention/programming/core-shack
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
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)
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
Contact
Dominique Doucet
President
(514) 510-7961
(514) 510-7964
ddoucet@sirios.com
www.sirios.com
Christian Guilbaud
VP. of corporate development
(514) 813-7862
(514) 510-7964
cguilbaud@videotron.ca
www.sirios.com
