In This Article:
MONTRÉAL, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF) (“Sirios” or the “Company”) is pleased to congratulate Dhilmar, a newly established UK-based private mining company, on its successful acquisition of the Eleonore Gold Mine, located 15 km from Sirios’ wholly-owned Cheechoo gold deposit.
Dominique Doucet, President and CEO of Sirios Resources, expressed his enthusiasm: “We are delighted to welcome Dhilmar as our new neighbor operating the Eleonore Mine. Their presence will significantly contribute to unlocking the gold potential of the Opinaca area in Eeyou Istchee, a region where we share similar ambitions.” This acquisition marks a promising development for the area's mining industry, fostering collaboration and growth opportunities in gold exploration and production.
About the Cheechoo Property
Located less than 15 km from Newmont's Éléonore gold mine in the Eeyou Istchee James Bay territory of Québec, the Cheechoo property, 100% owned by Sirios, contains an untapped gold deposit with excellent expansion and development potential.
The most recent mineral resource estimate (MRE) reported, for an open-pit model, using a USD 1,650 gold price:
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Indicated resources: 1.4 million ounces at an average grade of 0.94 g/t Au;
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Inferred resources: 500,000 ounces at an average grade of 0.73 g/t Au.
Source: BBA, Mineral Resource Estimate Update for the Cheechoo Project, 23/12/2022
Underground mining scenarios have not been evaluated in the 2022 MRE.
Learn more about Cheechoo at sirios.com/en/cheechoo
Qualified Person Statement and NI 43-101 Disclosure
The Mineral Resource Estimate mentioned in this press release conforms to National Instrument 43-101 standards and was prepared by Pierre-Luc Richard, P. Geo., independent qualified person, as defined by NI 43-101 guidelines. The effective date of the estimate is July 20, 2022. The above-mentioned mineral resources are not mineral reserves as they do not have demonstrated economic viability. The quantity and grade of the reported Inferred Mineral Resources are conceptual in nature and are estimated based on limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade or quality continuity.
About Sirios
Sirios Resources Inc. (TSX-V: SOI; OTCQB: SIREF) is a Quebec-based mineral exploration company focused on developing its 100%-owned Cheechoo gold property, located in Eeyou Istchee James Bay, Canada.
For more information, please contact:
Dominique Doucet, CEO
450-482-0603
info@sirios.com
www.sirios.com