Reviewed by Lexie CornerJan 17 2025
Sirios Resources Inc. has announced the discovery of visible gold in an extension of drill hole #317 executed at the Cheechoo gold property in Eeyou Istchee James Bay, Quebec.
CH25-317E at 507.2 m: Visible gold in quartz veinlet. Image Credit: Sirios Resources Inc.
Sirios geologists identified numerous gold grains in quartz veinlets at depths ranging from 499.5 to 507.5 meters along the drill hole. Drilling for the 2025 program commenced this week, targeting a planned 100-meter extension to the hole, which was previously completed at a depth of 397.8 meters in December. Based on these findings, the hole was further extended to 522 meters.
These observations confirm the presence of gold within the extended section of the drill hole, though the gold grade and distribution can only be confirmed through laboratory analytical results. The Cheechoo project is currently in Phase 2 of its 2024–2025 drilling program, focusing on expanding and defining the mineralized zones.
Strategic Objectives
The key goals of this drill program are:
- Collect data to support the forthcoming Mineral Resource Estimate (MRE) update
- Test the high-priority targets identified by Sirios’ comprehensive data evaluation in the summer of 2024
Cheechoo’s High-Grade Zones
The Cheechoo gold deposit lies within a tonalite intrusion containing multiple gold-enriched zones surrounded by a lower-grade halo. Alongside the Eclipse Zone, several high-grade intervals have been identified across the deposit, indicating the potential for additional high-grade zones. These zones could occur both within and beyond the conceptual pit outlined in the 2022 MRE.
About the Cheechoo Property
The Cheechoo property, located less than 15 kilometers from Newmont's Éléonore gold mine in the Eeyou Istchee James Bay region of Quebec, is 10 0% owned by Sirios. It contains an undeveloped gold deposit with significant potential for expansion and development.
The most recent MRE has been released for an open-pit model, using a gold price of USD 1.650.
- Indicated resources: 1.4 million ounces at an average grade of 0.94 g/t Au
- Inferred resources: 500,000 ounces at an average grade of 0.73 g/t Au