Posted in | Gold | Mining Business

Drilling to Recommence on SIRIOS’ Cheechoo Gold Property

SIRIOS RESOURCES INC. announces the restart, in the forthcoming days, of the diamond drilling campaign on the Cheechoo gold property adjacent to the Éléonore gold mine property of Goldcorp in James Bay, Quebec. In addition, detailed prospecting and systematic rock sampling had begun this week.

Recall that two drill holes were completed in the beginning of last May. The first drill hole aimed to test the extension of the gold-bearing tonalite toward the west while the second hole verified the possible extension of the auriferous tonalite at approximately 600 metres north-west to the section formed by the drill holes executed in 2012 and 2013. The results of the analyses of core samples from these two drill holes are expected shortly.

Recall that six drill holes completed on Cheechoo had previously localized a low-grade gold envelope with a minimum area of 250 X 525 metres and to a depth of 200 metres vertically (press release January 13, 2014). This envelope remains open at depth and in all directions except the south-east end.

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 interest 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

Source: http://sirios.com/

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