Business
Update on Sirios’ activities
MONTREAL, July 25, 2022 (GLOBE NEWSWIRE) -- The management of Sirios Resources Inc. (TSX-V: SOI) is pleased to announce an update on the work in progress on its
About this update from Sirios Resources, Inc.
[{"type":"text","content":" MONTREAL, July 25, 2022 (GLOBE NEWSWIRE) -- The management of Sirios Resources Inc. (TSX-V: SOI) is pleased to announce an update on the work in progress on its two main projects, the Cheechoo and Aquilon gold properties. CHEECHOO: Resource estimate update Sirios recently awarded consulting firms BBA Inc. and PLR Resources Inc. the mandate for updating the mineral resource estimate. One of the main objectives of this estimate will be to define, for the first time, indicated resources for the Cheechoo gold deposit. This conversion from inferred to indicated resources will increase the robustness of the Preliminary Economic Study (PEA) that will be carried out thereafter. Exploration and development work Prospecting work was carried out during the months of June and July 2022 in the area to the east of the 2020 conceptual pit in order to extend the new gold zone which was intersected in the meta-sedimentary rocks during the summer 2021 drilling program (ref. press release of 14/12/2021). A total of 61 samples were collected from this area and are currently awaiting processing at the ALS laboratory in Val d’Or. Representative samples of the Cheechoo gold mineralization were also collected for further metallurgical testing in order to determine the optimal processing procedure for the Cheechoo deposit. Infrastructure improvements Improvements and renovations to the Cheechoo camp have been successfully completed, increasing the camp's accommodation capacity, which will allow for an increased capability for future exploration and development activities. Finally, improvement work on the project's access road was also successfully completed. The Cheechoo camp is now easily accessible by pickup truck or other light vehicle, which will increase the access and improve the timing of future exploration and development work. AQUILON: Phase 1 of the Aquilon “relogging” program (comprehensive and standardized description of historical drill core) was completed at the end of June. The information resulting from this relogging program will allow new 3D modeling to be carried out that will include the new structural data collected in the fall of 2021. This update of the geological modeling of the Aquilon property represents one of the first stages of a systematic exploration program that will continue into 2024. About the Cheechoo Property The Ch...