The first hole of the program, CH24-305, intersected at the targeted depth, multiple specks of coarse visible gold hosted in a chloritized quartz vein at 256.7 m down the hole in a tonalite. Additionally, more than 100 grains of visible gold were encountered in a mafic dyke at 258.0 m.
Overall, Sirios' geologists on site observed a 2.6 metre mineralized gold zone from 256.2 m to 258.8 m, including the gold-rich chloritized quartz vein, several deformed quartz veinlets with additional gold grains, and the 1-metre gold-bearing mafic dyke. Arsenopyrite, pyrrhotite and scheelite were also observed throughout the zone.
About the drilling program currently underway at Eclipse
The high-grade Eclipse area, located west of the main area of the Cheechoo gold deposit , is not included in the updated 2022 Mineral Resource Estimation (MRE), which outlined 1.4 Million Ounces of Gold (Indicated) and 500,000 Ounces of Gold (Inferred) (BBA, Mineral Resource Estimate Update for the
Sirios is currently conducting a 1,000-metre diamond drilling program aimed at including Eclipse in the next update of the MRE for the Cheechoo property. Several high and very high-grade gold intervals were previously intersected in the Eclipse area.
About
Upcoming Event
Sirios will be attending the 2024
About the Cheechoo Property
The Cheechoo gold property, 100% owned by Sirios, is located in
About Sirios
Cautionary note regarding forward-looking information
This news release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry and those risks set out in the Company's public documents filed on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing the forward looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.
The estimate of Inferred Mineral Resources mentioned in this press release conform to National Instrument 43-101 standards and was prepared by
Contact:
Tel: 450-482-0603
Email: info@sirios.com
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