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Be the first with the news that moves the market- Sirios Resources (SOI) has revealed the details of a 2020 summer exploration programs at three of its gold properties in Quebec
- Work at the company’s flagship Cheechoo project will include exploration trenching and continued drill core assaying
- This comes as part of ongoing work to demonstrate the economic viability of the project
- The Aquilon property will be the subject of diamond drilling and soil sampling, while a prospecting program will be carried out at the Niska property
- Sirios Resources (SOI) is currently down 2.7 per cent and is trading at C$0.18 per share
Sirios Resources (SOI) has revealed the details of a 2020 summer exploration programs at three of its gold properties in Quebec.
The company’s flagship Cheechoo gold project, located in the Eeyou Istchee James Bay region of Quebec, is comprised of a primary block of 121 claims as well as a secondary block of 35 claims located about 20 km to the west.
Schedule to begin in mid-July, exploration trenching at the Cheechoo project will focus on a region just north of a conceptual pit that was used to define the current resource estimation.
This program will target a number of soil anomalies that bear similar characteristics to those identified in the separate Cheechoo deposit area.
Drill core assaying is still underway for samples that were collected in a winter drill program earlier this year. In addition, metallurgical tests are continuing on mineralisation samples at a third party’s facilities in Reno, Nevada.
At the Aquilon property, a program of diamond drilling will test the depth of high-grade, near-surface gold discoveries.
A soil sampling survey also began this week, targeting the gold-hosting Wolf Corridor, which bears the largest proportion of identified gold at the property. Over 650 humus samples are expected to be collected and analysed.
Finally, the Niska property, located roughly 10 kilometres northeast of Azimut Exploration’s Elmer property, will be the subject of a prospecting program scheduled to begin in early-August.
The work is anticipated to focus on an area where anomalous gold was identified in outcrop samples in 2019, along with known northeast to southwest trending shear zones.
Sirios Resources (SOI) is down 2.7 per cent and is trading at C$0.18 per share at 12:11pm EDT.
