Sirios Files Cheechoo Gold Project MRE Report on SEDAR: 1.3 Moz Indicated at 1.12 g/t Au, 1.7 Moz Inferred at 1.23 g/t Au

Core Viewpoint - Sirios Resources Inc. has filed a Technical Report on the Cheechoo Gold Project, revealing significant increases in gold resources and grades, indicating strong potential for further development [1][2]. Summary by Sections Mineral Resource Estimate (MRE) Highlights - The updated MRE includes 1.3 million ounces of indicated resources at a grade of 1.12 g/t Au and 1.7 million ounces of inferred resources at 1.23 g/t Au [6]. - There is a notable increase in gold grades compared to the 2022 MRE: a 19% increase in the open-pit indicated grade (from 0.94 g/t Au to 1.12 g/t Au) and a 38% increase in the open-pit inferred grade (from 0.73 g/t Au to 1.01 g/t Au) [6]. - The report indicates a low strip ratio of 2.9:1 and a conceptual exploration target of 31 to 40 million tonnes of mineralization grading between 1.27 to 1.45 g/t Au [6]. Drilling and Exploration - The updated MRE is based on 345 drill holes totaling 82,717 meters, with 8,660 meters drilled since 2022 [5]. - The report recommends a two-phase follow-up work program, including a Preliminary Economic Assessment (PEA) on the Cheechoo Deposit and further drilling to expand the MRE and identify new exploration targets [4][7]. Project Overview - The Cheechoo Gold Project is located in the Eeyou Istchee James Bay territory of Québec, less than 15 km from the Éléonore gold mine, and is 100% owned by Sirios [14]. - The project is recognized for its significant expansion and development potential, targeting both large-scale open-pit and higher-grade underground mining scenarios [14].