Sirios to drill Quebec properties

Proceeds from a $1.3-million private placement will be used by Sirios Resources (SOI-M) to carry out diamond drilling on its properties in Quebec.

At the Delestre massive sulphide project, 70 km northeast of Val d’Or, the junior is about to drill 3-4 holes in an attempt to test the depth extensions of a 600-metre, gold-bearing section of the Delandore zone. Previous drilling over the section by Quebec government-owned Soquem identified multiple gold zones up to 8.3 metres wide and grading up to 15.2 grams gold per tonne. The mineralized zones were found to extend to vertical depths of 100 metres.

Following the Delestre program, Sirios will shift its attention to the LG-3 gold property, in the James Bay lowlands.

The property contains several gold and copper-silver-gold showings associated with both iron formation and volcanics, including two high-grade showings of 36 and 47 grams gold and one showing averaging 1.3% copper, 8 grams silver and 0.3 gram gold over 8 metres.

One of the high-grade gold showings occurs in an arsenopyrite-bearing shear zone, while the other exists in quartz veins containing chalcopyrite and pyrite.

The polymetallic showing occurs in chalcopyrite-pyrite-bearing quartz veins surrounded by interpillow sulfides.

The company is earning a 100% interest in the LG-3 property from Battle Mountain Canada (BMC-T) by spending $500,000 on exploration over three years At the Escale property, also in the James Bay lowlands, drilling is scheduled to begin in the summer.

A previous hole at Escale intersected two distinct gold zones in mineralized iron formations grading 1.9 grams gold over 1.5 metres, and 1.5 grams gold over 2 metres. Since then, the company has identified several gold-in-till anomalies, some of which will be tested in the upcoming program.