MONTREAL – Sirios Resources has been honoured with the prestigious Discovery of the Year Award during the recent Xplor 2016 convention hosted by the Quebec Mineral Exploration Association (QMEA).
This year, the QMEA chose to underline the importance of the gold mineralization discovered by Sirios on its Cheechoo property, a discovery which has brought new life to exploration activities in the Eleonore mine area in Eeyou Istchee James Bay.
Dominique Doucet, president of Sirios, expressed his thanks to the QMEA, to Sirios’ directors, shareholders and employees, as well as to all the enterprises who contributed to the project.
The high grade Cheechoo gold deposit is 100% owned by Sirios, and Golden Valley Mines has a net smelter return that varies between 2.5% and 4.0%.
Drilling this summer returned grades of 11.2 g/t Au over 5.8 metres including 56.2 g/t over 1.1 metres and 5.9 g/t Au over 8.8 metres including 40.6 g/t Au over 1.0 metre; 7.4 g/t Au over 3.5 metres; and multiple sections grading between 1.4 g/t Au and 7.8 g/t Au over widths ranging between 1.0 to 5.7 metres.
A concise explanation of the Cheechoo geology is available at www.Sirios.com.