Sirios Resources Inc.

Published : September 12th, 2014

CORRECTION FROM SOURCE/SIRIOS: Discovery of a New Gold Zone on CHEECHOO with 6.9 g/t Au Over 6.5 m; 26.4 g/t Au Over 0.6 m and 4.1 g/t Au Over 5.6 m

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Keywords :   Counterparties | Diamond | Gold | Gold Mine |

CORRECTION FROM SOURCE/SIRIOS: Discovery of a New Gold Zone on CHEECHOO with 6.9 g/t Au Over 6.5 m; 26.4 g/t Au Over 0.6 m and 4.1 g/t Au Over 5.6 m

MONTREAL, QUEBEC--(Marketwired - Sep 12, 2014) - A correction from source is issued with respect to the news that was disseminated on September 10 at 10h17 AM EDT. In the second paragraph, it should have read the word "tabular" instead of "tubular". "Tubular" referring to having the form of a tube while "tabular" refers to a planar shape. The complete and corrected version follows.

Management of SIRIOS RESOURCES (TSX VENTURE:SOI) is pleased to announce the results of the Diamond drilling campaign undertaken on May and June on the CHEECHOO gold property. Drill holes #17 and #16, being 420 metres apart, have intersected a gold mineralized zone grading 6.9 g/t Au over 6.5 m and 26.4 g/t Au over 0.6 m, with the presence of visible gold in both holes. This zone had been previously intersected at about fifty metres southeast of the hole #17 by drill hole #10 with a grade of 4.1 g/t Au over 5.6 m and also, with the presence of visible gold.

This new gold zone named "JORDI" appears to have a tabular shape with an area of around 400 metres by 450 metres and it remains open in all directions. The zone was also intersected by drill hole #09 of 2013 grading at 0.6 g/t Au over 6.9 m as well as by drill hole #13 of 2014 with 0.8 g/t Au over 6.6 m. The thickness and the average grade of this gold zone as well as its continuity and extent will only be determined with precision with additional drill holes.

In addition to the JORDI zone, the five NQ drill holes of the campaign, totalizing 1036 metres, intersected gold zones of lower grade with thickness ranging from tens to hundreds of metres (table below) that are similar to those obtained in previous campaigns. The drill hole #15 which ended at 70 metres, due to technical reasons, has intersected the beginning of a gold zone of 1.16 g/t Au on its last 9 metres. This zone which remains open in depth, reveals that the gold envelope in tonalite extend now to a minimum length of more than 1.1 km from south-east to the north-west, inside the property. Also, the lone existing vertical drill hole (#17) confirmed that this gold envelope is still present at more than 220 metres vertical depth. A drill holes' location map is available at the following link :
http://sirios.com/images/cheechoo/resized/0123resistivitysept2014rzd.jpg.

Dominique Doucet, the President of SIRIOS, stated, "After every new drill hole, the CHEECHOO project continues to improve. With the discovery of the JORDI zone, we demonstrate the presence of at least one high-grade gold zone that is significantly greater than the average grade of the gold envelope in tonalite which is, now, measured in kilometres. While continuing to outline very large low-grade gold zones, we are confident that in the upcoming drilling campaigns, additional zones of gold enrichment will be localized as our understanding of the structural geology of the property increases."

JORDI ZONE Diamond DRILL HOLES' ASSAYS RESULTS

Drill hole #
CH-919-
Collar Position
UTM Nad 83
Azimuth
(Degrees)
Plunge(Degrees) From
(m)
To
(m)
Interval
(m)
Au
(g/t)
13-09 438352E 5830237N 270 45 138.2 145.1 6.9 0.61
13-10 438615E 5830263N 235 45 213.4 219.0 (pp) 5.6 4.10
incl. 216.3 216.8 0.5 *28.00
14-13 438252E 5830248N 270 45 68.0 74.6 6.6 0.81
14-16 438127E 5830455N 55 45 151.8 152.4 0.6 *26.4
14-17 438470E 5830209N N/A 90 137.5 144.0 6.5 6.91
incl. 142.0 143.1 1.1 *21.5

pp: Published previously *: Visible gold

CHEECHOO 2014 Diamond DRILL HOLES' MAIN ASSAYS RESULTS

Drill hole #
CH-919-14-
Collar Position
UTM Nad 83
Azimuth
(Degrees)
Plunge(Degrees) From
(m)
To
(m)
Interval
(m)
Au
(g/t)
13 438252E 5830248 N 270 45 63.0 74.6 11.6 0.57
JORDI Zone incl. 68.0 74.6 6.6 0.81
92.9 95.0 (pp) 2.1 1.27
131.0 148.0 17.0 0.42
152.0 161.0 9.0 0.47
240.3 242.4 2.1 1.38
14 438175E 5830729N 235 45 215.0 237.5 (pp) 22.5 0.40
15 437843E 5830682N 55 45 63.0 72.0 9.0 1.16
16 438127E 5830455N 55 45 19.5 34.50 15.0 0.50
incl. 30.0 34.50 4,.0 1.09
62.0 89.0 27.0 0.81
JORDI Zone 151.8 152.4 0.60 *26.40
201.5 203.0 1.50 3.18
17 438470E 5830209N N/A 90 1.2 127.0 125.8 0.33
JORDI Zone 137.5 144.0 6.5 6.91
incl. 142.0 143.1 1.1 *21.50
188.0 206.0 18.0 1.11
incl. 202.0 202.5 0.5 *23.80
222.5 224.0 1.5 2.20

pp: Published previously *: Visible gold

The Cheechoo gold project is situated at James Bay, Quebec, at 800 km north of Montreal and at less than 10 km from the Éléonore gold mine of the producer Goldcorp which the beginning of the production is planned at the end of 2014. This world-class deposit contains 4.03 million ounces of proven and probable gold mineral reserves and 4.10 million ounces of inferred gold mineral resources (Source: Goldcorp's press release, March 28, 2014). Sirios concluded in 2012 an agreement with Golden Valley Mines Ltd involving the Cheechoo property that, upon completion of certain obligations and counterparties, will increase its current interest from 45% to 100% (Press release December 9, 2013). Sirios is the operator of the project.

Assaying Quality Control

A total of 672 drill core samples representing 813 metres of NQ-calibre drill cores were collected, sawed in half, with one half sent to a commercial laboratory for analysis and other half retained for future reference. A strict QA/QC program was followed by integrating blanks and certified reference materials to the drill core samples, all of which were prepared by IOS Services Géoscientifiques inc. of Chicoutimi, and assayed for gold by fire assay and atomic absorption finish (AA23 or AA24) by the ALS Minerals laboratories in Val d'Or, Quebec. Assays on the highest grades were duplicated in the laboratory. Samples grading more than 10 g/t were re-assayed by fire assay with gravimetric finish. These samples along with the ones with visible gold will be tested for coarse gold.

This press release was prepared by Dominique Doucet, P. Eng., President of Sirios, Qualified Person pursuant to National Instrument 43-101

Statements in the release that are "forward-looking statements" are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially. We undertake no duty to update any forward-looking statement to conform the statements to actual results or changes in our expectations.

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.

Read the rest of the article at finance.yahoo.com

Sirios Resources Inc.

EXPLORATION STAGE
CODE : SOI.V
ISIN : CA8299085081
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Sirios Res. is a gold exploration company based in Canada.

Sirios Res. holds various exploration projects in Canada.

Its main exploration properties are TILLY, CHEECHOO, KUKAMES, MURDOCH, OPINACA NORTH, PONTAX, SHARKS, AQUILON EXTENSION, ESCALE and AQUILON in Canada.

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Corporate Presentations of Sirios Resources Inc.
2/6/2013Corporate presentation
Financings of Sirios Resources Inc.
9/23/2013Announcement of a $400,000 Financing
7/4/2013Closing of Private Placement for $88,000
6/26/2013Private Placement Announcement of $100,000
5/29/2013Second Closing of Private Placement for $151,780
5/16/2013First Closing of Private Placement for $267,180
6/23/2011Private Placement Totals $1,833,600
6/13/2011Increase of Private Placement Financing Up to $2,290,000
5/5/2011Private Placement Totals $829,260
4/8/2011Private Placement in Progress
Nominations of Sirios Resources Inc.
4/14/2015Didier Mekki Appointed to Sirios Board of Directors
3/30/2011Resignation of a Director
Project news of Sirios Resources Inc.
9/14/2016Sirios Completes the Acquisition of Aquilon Property
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10/31/2013(Cheechoo)Updates on the Cheechoo Gold Project Drilling Campaign, Jame...
10/22/2013(Cheechoo)Updates on the Ongoing Drilling Campaign on the Gold Cheecho...
10/15/2013(Cheechoo)Visible Gold Observed in the First Drill Hole of The Ongoing...
9/4/2013(Cheechoo)Visible Gold Detected in Drill Core Samples from the Cheecho...
8/21/2013(Cheechoo)Technical Report Filed and Updates on the Cheechoo Gold Prop...
6/19/2013Sirios Plans on Acquiring 100% of the Cheechoo Gold Project,...
6/19/2013(Cheechoo)Plans on Acquiring 100% of the Cheechoo Gold Project, James ...
4/9/2013Sirios Increases its Interest in the Cheechoo Gold Project/O...
4/9/2013(Cheechoo)Increases its Interest in the Cheechoo Gold Project/Opinaca ...
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10/30/2012(Cheechoo)Drilling Program Update on Cheechoo Gold Project, Opinaca Ar...
8/20/2012Sirios and Khalkos Cancel Agreement for Hipo Property
7/27/2012Sirios and Khalkos Sign an Agreement on the Hipo Property
12/20/2011Exploration Khalkos (filiale de Sirios) : lancement d'une no...
7/13/2011(Pontax)Drilling Completed on the Silver and Gold PONTAX Property in...
5/14/2008(Cheechoo) DRILLING PROGRAM COMPLETED
2/26/2007Diamond Drilling on Aquilon Extension Gold Property, James B...
6/12/2006Field Work to Begin on Opinaca-Eleonore Area, Quebec
Corporate news of Sirios Resources Inc.
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6/8/2016SIRIOS on its Way to Complete the Acquisition of Cheechoo
5/11/2016Sirios Closes Private Placements for CA$5.5M
4/22/2016Sirios Intersects 12.08 g/t Au over 20.3 metres by Drilling ...
3/29/2016Sirios Confirms Gold Grade of the New Lithology at Cheechoo
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1/21/2016SIRIOS Extends the High-Grade Zone Jordi With 4.35 g/t Au Ov...
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12/16/2015Results From the Annual and Special Meeting of Shareholders
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10/28/2015SIRIOS Sells its Interest in Aquilon for $ 1M
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9/22/2015Financing Completed at More Than 2 M$
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9/17/2015Beginning of Fieldworks on the Cheechoo Gold Property
9/17/2015SIRIOS: Financing Completed at More Than 2 M$
9/2/2015Ongoing Private Placements
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8/21/2015Swap on the Market and Intermediary Closing of Private Place...
8/21/2015SIRIOS Resources Inc.: Ongoing Private Placements
8/6/2015Two Quebec Financial Institutions Exercise $177,150 in Warra...
8/6/2015Swap on the Market and Intermediary Closing of Private Place...
7/22/2015Closing of a Private Placement for $818,775
4/14/2015Sirios to Attend the John Tumazos Very Independent Research ...
3/26/2015More Than 70% of Gold Recovered by Gravity on Cheechoo
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3/24/2015Mr. Christian Guilbaud Appointed as Vice President of Corpor...
3/24/2015(Cheechoo)More Than 70% of Gold Recovered by Gravity on Cheechoo
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2/26/2015Mr. Christian Guilbaud Appointed as Vice President of Corpor...
1/27/2015SIRIOS: Two Gold Zones Intersected in the Drill Hole #19 on ...
12/19/2014Two Gold Zones on CHEECHOO: 7.24 g/t Au Over 7.9 m and 1.53g...
12/19/2014Sirios Resources Inc.: Closing of Private Placements for $67...
12/8/2014560 Grams per Tonne Gold Over 0.49 Meters Obtained by Drilli...
12/8/2014SIRIOS: Two Gold Zones on CHEECHOO: 7.24 g/t Au Over 7.9 m a...
12/2/2014SIRIOS: 560 Grams per Tonne Gold Over 0.49 Meters Obtained b...
11/26/2014Results From the Annual and Special Meeting of Shareholders
10/21/2014SIRIOS Resources Inc.: Visible Gold Observed in a New Drill ...
10/14/2014Sirios Resources Inc.: Diamond Drilling Resumes on the Cheec...
9/12/2014CORRECTION FROM SOURCE/SIRIOS: Discovery of a New Gold Zone ...
9/10/2014SIRIOS: Discovery of a New Gold Zone on CHEECHOO with 6.9 g/...
8/26/2014Sirios Resources Inc.: New Anomalous Gold Area Located on th...
6/10/2014Debt Settlement Agreement Between Sirios and Khalkos
6/9/2014SIRIOS RESOURCES/Cheechoo: Extension of 600 Metres With 0.40...
6/4/2014SIRIOS: Drilling Restarts on the Cheechoo Gold Property
5/7/2014SIRIOS: Grant of Incentive Stock Options
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4/23/2014SIRIOS Resources Inc.: Four New Sectors for Prospecting Loca...
4/10/2014Sirios Resources Inc.: Final Closing of the Already Announce...
4/3/2014Sirios Resources Inc.: First Closing of Private Placements f...
11/4/2013CORRECTION FROM SOURCE/Sirios Resources Inc.: Adoption of th...
10/3/2013Loan Paid Off Completed
5/6/2013(Cheechoo)Announcement of a $ 500,000 Financing for Drilling on Cheech...
1/30/2013Drill Hole #1 Yields 0.214 g/t in Gold Over 191.4 Metres Inc...
12/11/2012(Cheechoo)Positive Preliminary Drilling Results From Cheechoo Gold Pro...
10/15/2012Shareholders Approve Consolidation of Shares
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12/20/2011IPO of Khalkos Exploration (subsidiary of Sirios Resources I...
5/25/2011(Pontax)Diamond Drilling on the High Grade Silver Pontax Property, J...
5/12/2011Private Placement Announcement and Grant of Stock Options
3/23/2011Private Placement First Closing of $528,300
2/22/2011to Spin Off Subsidiary Into a Public Company
4/6/2006Résultats hautement significatifs sur Kukames…
3/31/2006Point sur les secteurs Opinaca et Aquilon
3/31/2006Opinaca and Aquilon areas update
12/10/2005augmente son placement privé annoncé le 7 Décembre
12/7/2005agrandit Opinaca Nord dans la région d'Eléonore
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