Field work in progress on the Gold Aquilon Property, Eeyou Istchee James Bay region, Quebec
03 October 2024 - 11:00PM
The management of
Sirios Resources Inc. (TSX-V:
SOI) is pleased to announce the execution of field work on
the Aquilon gold property located in Eeyou Istchee James Bay,
Quebec, in partnership with Sumitomo Metal Mining Canada Ltd.
(Sumitomo). Mechanical stripping, mapping, channel sampling of
outcrop, as well as rehabilitation of old trenches will be carried
out over the next three weeks on targets resulting from the soil
geochemical sampling survey (B horizon) completed last June. Most
of these new targets, with a general north-south orientation, are
in the western portion of the property, an area distinct from the
one containing the main gold showings previously identified
This exploration program will help define drill targets that
will be ready to be tested in early 2025
The ongoing exploration program is funded by
Sumitomo, with Sirios as the operator. Sumitomo has the option to
acquire up to an 80% interest in the Aquilon project by making an
investment of $14.8M (ref. press release of 12/19/2022).
About the Aquilon ProjectThe
Aquilon gold property consists of 140 mineral claims covering an
area of 68 km2. It is located in Eeyou Istchee James Bay, Quebec,
10 km south of the Laforge-1 hydroelectric power station and is
easily accessible by all-season roads. To date, 32
gold showings have been discovered on the property.
Drill intercepts on the Aquilon project are among the highest gold
grades reported in Quebec (source: Sigeom), which
includes 12,906.5 g/t Au over 0.2
m (Lingo showing), 3,527.4 g/t Au over
0.4 m (Moman showing) and 133.67 g/t Au
over 0.8 m (Fleur-de-Lys showing) (ref. press
releases of 26/06/2008 and 19/01/2011). More
information is available on the recently updated Aquilon Project
web page at sirios.com/en/our-projects/aquilon.
Roger Moar, P.Geo. and Dominique Doucet, P.Eng.
qualified persons under NI 43-101 prepared and verified the
technical information in this press release and reviewed the final
version of the text.
About Sirios ResourcesSirios
Resources is a mining exploration company based in Quebec,
focused on developing its portfolio of high-potential gold
properties in the Eeyou Istchee James Bay, Canada.
Cautionary Note Regarding
Forward-Looking StatementsThis press release contains
"forward-looking statements" within the meaning of applicable
Canadian securities laws based on expectations, estimates and
projections as of the date of this press release. Forward-looking
statements involve risks, uncertainties and other factors that
could cause actual events, results, performance, expectations and
opportunities to differ materially from those expressed or implied
by such forward-looking statements. Factors that could cause actual
results to differ materially from those indicated in such
forward-looking statements include, but are not limited to: capital
and operating costs that differ materially from estimates; the
tentative nature of metallurgical test results; delays or failures
in obtaining required governmental, environmental or other
approvals; uncertainties related to the availability and cost of
necessary financing in the future changes in financial markets;
inflation; fluctuations in metal prices; delays in project
development; other risks relating to the mineral exploration and
development industry; and risks disclosed in public filings of the
Company on SEDAR at www. sedar.com. Although the Company believes
that the assumptions and factors used in preparing the
forward-looking statements contained in this news release are
reasonable, readers should not place undue reliance on this
information, which speaks only as of the date of this news release,
and there can be no assurance that such events will occur or occur
within the time periods presented. The Company disclaims 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
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, Eng.,
PresidentPhone: 450-482-0603info@sirios.comWebsite:
www.sirios.com
Sirios Resources (TSXV:SOI)
Historical Stock Chart
From Oct 2024 to Nov 2024
Sirios Resources (TSXV:SOI)
Historical Stock Chart
From Nov 2023 to Nov 2024