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Sirios Resources Begins Work on Aquilon Gold Property
MONTREAL, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Management of SIRIOS RESOURCES INC. (TSX-V: SOI) is pleased to announce the start of the 2023 exploration program on
About this update from Sirios Resources, Inc.
[{"type":"text","content":" MONTREAL, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Management of SIRIOS RESOURCES INC. (TSX-V: SOI) is pleased to announce the start of the 2023 exploration program on its Aquilon gold property. The program is financed by Sumitomo Metal Mining Canada (Sumitomo), with Sirios as the operator. Sumitomo has an option to acquire up to an 80% interest in Aquilon, following an investment totaling $14.8M (ref. press release of 19/12/2022). Work to be undertaken in the coming weeks will include: Large-scale till geochemical sampling survey to locate new undercover mineralized areas; Induced Polarization (IP) ground geophysical survey (approximately 40-line km) to define extensions of the known sulphide-associated gold showings and locate new showings; Series of mechanically excavated trenches focusing on several geological and geophysical targets. The trenches will be systematically sampled and mapped during the summer. This winter program will be followed in the summer by intensive fieldwork including additional soil and rock sampling as well as geophysical and geological surveys in order to advance the property to a drill-ready stage by the end of 2023. About the Aquilon Project The 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. The scientific and technical content of this press release has been reviewed and approved by Roger Moar, P.Geo., qualified person under National Instrument 43-101. About Sirios Sirios Resources is a Canadian-based mining exploration company focused on developing its portfolio of high-potential gold and lithium properties in the Eeyou Istchee James Bay region of Quebec. Cautionary Note Regard...