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Update on Sirios activity on Cheechoo gold property, The Canadian Business Journal

Montreal, September 21, 2022 (GLOBE NEWSWIRE) — The management of Sirios Resources Inc. (TSX-V: SOI) We are pleased to announce an update on the work recently completed on Cheechoo’s Gold property.

Mechanical stripping and channel sampling

Following an exploration program that was completed earlier this summer, three outcrops (Fig. 1) were mechanically stripped and channel-sampled in the region of the metadediment east of the notional pit of the Chishu gold deposit. I was.sum of 218 samples A 216-meter flume sent it to the ALS laboratory in Val d’Or for gold analysis.

In this region, a metadediment favorable to gold mineralization originates from the tonalite that hosts the Cheechoo gold deposit. over 500 meters to the east.

Update Mineral Resource Estimates

Mineral resource estimate updates will continue as planned. One of the main purposes of this update is to define for the first time. Showed Cheechoo gold deposit resourcesThis conversion from inferred resources to indicated resources increases the robustness of subsequent preliminary economic studies (PEA).

1kg reanalysis program

After completion of the reanalysis program, a total of 2,626 1 kg subsamples were reanalyzed at Actlabs and AGAT laboratories. Re-analysis results show an overall increase of approximately 4% for gold grade compared to assays previously performed on 50 g aliquots of samples (Table 1). These 1 kg samples are believed to be more representative of gold mineralization. Therefore, in addition to demonstrating an increase in average gold grades, this multiple reanalysis adds confidence in the management of gold grades at the Cheechoo deposit.

Samples re-analyzed as part of this program will be incorporated into ongoing Mineral Resource updates.

Comparison of all 50 g assays and 1 kg re-assays
50g (g/t Au) 1kg (g/t Au) 1kg/50g
average 0.52 0.54 + 4%
Median 0.38 0.39 +3%
Average difference of 1kg/50g1 + 12%
number of samples 2,626

Table 1: Overall final results of the 1 kg reanalysis program.

Assay quality control

In the re-assay program, a 1 kg aliquot of failed material was taken from the previous core sample and assayed in the AGAT lab using the “LeachWELL™” method and in the Actlabs lab using the “metal sieve” method .

Blanks and certified reference materials were integrated into the sampling sequence following a rigorous QA/QC program. Special certified reference materials (Assay Pills) were used to ensure proper quality control of the assay for 1 kg of material.

About Cheechoo Properties

Cheechoo’s gold assets are 100% owned by Sirios and consist of 225 claims covering an area of ​​118 km.2, divided into three non-consecutive blocks. Located in Eyou Istochie James Bay, Quebec, less than 9 km from Newmont’s Eléonor Gold Mine and easily accessible by road in all seasons.Overview of the latest resource estimates for the project (October 2020) Inferred resource of 2 million ounces of gold contained in 93 million tons at 0.65 g/t Auhas great potential to increase this resource (BBA, PL. Richard, P. Geo.; J. Torrealba, P. Eng.; D. Evangelista, P. Eng., NI 43-101 Technical Report, Mineral Resource Estimate Update for Cheechoo Project, 31 October 2020).

The scientific and technical content of this press release has been reviewed and approved by Jordi Turcotte of P.Geo. and Guillaume Doucet, P.Geo. are both qualified under National Instrument 43-101.

About Sirios

Sirios Resources inc. is a pioneer in the discovery of significant gold deposits at Eeyou Istchee James Bay in Quebec, Canada. It is primarily focused on Cheechoo gold discoveries and is actively investigating other properties for high gold potential.

Contact:
Dominique Doucet, P.Eng., President, CEO
Phone: (514) 918-2867
[email protected]
Website: www.sirios.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as of the date of this press release. Forward-looking statements involve risks, uncertainties and risks that could cause actual events, results, performance, expectations and opportunities to differ materially from those expressed or implied by such forward-looking statements. and other factors. Factors that could cause actual results to differ materially from those indicated in such forward-looking statements include, but are not limited to: Provisional nature of metallurgical test results. Delay or failure to obtain required governmental, environmental or other approvals. uncertainties related to the availability and cost of required financing in future changes in financial markets; inflation; volatility in metals prices; delays in project development; and other risks associated with the mineral exploration and development industry. www.sedar.com. Although we believe that the assumptions and factors used in making the forward-looking statements contained in this news release are reasonable, the reader makes statements only as of the date of this news release. Undue reliance should not be placed on this information. There is no guarantee that any such event will occur or that it will occur within any stated time period. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Rules) are responsible for the adequacy or accuracy of this release.


1 Mean of all differences in grade between 1 kg assays divided by the 50 g assay.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65630dd4-46d6-4b97-b699-aec7fa1efc40.


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Update on Sirios activity on Cheechoo gold property, The Canadian Business Journal

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