Visible Gold Observed in Extension of Drill Hole #317 at Cheechoo

Core Viewpoint - Sirios Resources Inc. has confirmed the presence of visible gold in the extension of drill hole 317 at the Cheechoo gold project, indicating potential for further gold resource development [1][2][3]. Group 1: Drilling and Observations - Visible gold was observed in quartz veinlets at depths of 499.5 to 507.5 meters during the recent drilling [2]. - The drilling program began with a planned 100-meter extension of hole 317, which was initially completed at a depth of 397.8 meters [2]. - The hole was further extended to a total depth of 522 meters following the observations of visible gold [2]. Group 2: Strategic Objectives - The primary objectives of the current drill program include gathering data for an upcoming Mineral Resource Estimate (MRE) update and testing high-priority targets identified in a comprehensive data review conducted in summer 2024 [4][7]. - The Cheechoo gold deposit is characterized by multiple gold-enriched zones within a tonalite intrusion, suggesting the potential for additional high-grade zones beyond the 2022 MRE conceptual pit boundaries [4]. Group 3: Mineral Resource Estimate - The most recent MRE reported indicated resources of 1.4 million ounces at an average grade of 0.94 g/t Au and inferred resources of 500,000 ounces at an average grade of 0.73 g/t Au [8]. - The MRE was prepared using a USD 1,650 gold price for an open-pit model, and underground mining scenarios have not been evaluated in this estimate [5][6]. Group 4: Quality Control and Analysis - The drill core was described and sampled at the Cheechoo exploration camp, with samples sent to a certified laboratory for analysis following strict quality assurance and control protocols [10]. - Analytical methods included the Photon Assay method for gold and whole-rock geochemical analysis performed by ICP-MS and ICP-OES on most samples [10].