SIRIOS: New Au-Mo Mineralization Type Discovered on the ESCALE Property
Tue Nov 25, 8:30 AM
ca.news.finance.yahoo.com
MONTREAL, QUEBEC--(Marketwire - Nov. 25, 2008) - SIRIOS RESOURCES INC. (TSX VENTURE: SOI.V) recently discovered a group of boulders mineralized in gold and molybdenum on the ESCALE gold property in James Bay, Quebec. Six boulders grading from 0.13 g/t up to 0.52 g/t in gold averaging 0.34 g/t and between 0.002% and 0.16% in molybdenum averaging 0.05% were found within an area of 300 m by 300 m.
Data collected until now show a proximal source for these boulders which should be located on the property within the 8 square km favourable area outlined during the 2008 summer fieldwork (ref.: October 2, 2008 press release). Results from the outcrop and boulder 2008 sampling confirm the strong gold potential of this area. The host rock of this new type of mineralization is a silica rich felsic intrusive injected with numerous (5% to 20%) parallel quartz veinlets and contain 1% to 5% disseminated pyrite and up to 2% molybdenite.
The latter results are from a one-day sampling program undertaken last October. Twenty-two rock samples were chosen during this second sampling program, 10 samples (45%) yielded gold grades over 0.1 g/t with an average of 0.91 g/t. All rock samples were sent to ALS-Chemex Val D'Or laboratory, using atomic absorption technique for gold and ICP for all other elements. Industry-standard quality controls were applied, including blank, standard and duplicate inserts in the sample series.
Work on the ESCALE property are undertaken by SIRIOS according to the agreement from last July, whereas a private company can acquire 50% interest in the property for exploration expenditures totalling 1.25 M$ over four years, including a firm $150,000 commitment the first year and payments totalling $50,000.
SIRIOS' ESCALE property is located approximately 75 km south-east from the LG-4 hydro-electric complex and 320 km east of Radisson in James Bay, Quebec. It is comprised of 169 claims covering approximately 90 square km.
This press release was prepared by Dominique Doucet, P. Eng., President of SIRIOS, Qualified Person.
The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contacts
Mr. Dominique Doucet
SIRIOS RESOURCES INC.
President
514-510-7961
514-510-7964 (FAX)
ddoucet@sirios.com
www.sirios.com
514-904-1333
MI3 Financial Communications |
