Cheechoo Gold Project: Mineral Resource Estimate Update Underway Based on New Model
Sirios Resources (SIREF) has announced an ongoing update to the Mineral Resource Estimate (MRE) for its flagship Cheechoo Gold Project in Eeyou Istchee James Bay, Québec, with results expected in summer 2025. The update is based on a new geological and structural model that has identified previously unknown structural controls on gold mineralization. Notably, the upcoming MRE will include an underground component for the first time, expanding beyond the December 2022 estimate.
The new model was developed with expert consultants in resource modeling and structural geology. PLR Resources Inc., led by Pierre Luc Richard, a renowned expert who has authored over 100 NI 43-101 technical reports, is conducting the MRE update. The company will host a livestream event on May 28 to provide additional details about the project developments.
Sirios Resources (SIREF) ha annunciato un aggiornamento in corso della Stima delle Risorse Minerarie (MRE) per il suo progetto principale, il Cheechoo Gold Project, situato a Eeyou Istchee James Bay, Québec, con risultati attesi per l'estate 2025. L'aggiornamento si basa su un nuovo modello geologico e strutturale che ha identificato controlli strutturali sulla mineralizzazione aurifera precedentemente sconosciuti. In particolare, la prossima MRE includerà per la prima volta una componente sotterranea, ampliando la stima rispetto a quella di dicembre 2022.
Il nuovo modello è stato sviluppato con consulenti esperti in modellazione delle risorse e geologia strutturale. PLR Resources Inc., guidata da Pierre Luc Richard, un esperto riconosciuto autore di oltre 100 report tecnici NI 43-101, sta conducendo l'aggiornamento della MRE. La società terrà un evento in diretta streaming il 28 maggio per fornire ulteriori dettagli sugli sviluppi del progetto.
Sirios Resources (SIREF) ha anunciado una actualización en curso de la Estimación de Recursos Minerales (MRE) para su proyecto principal, Cheechoo Gold Project, ubicado en Eeyou Istchee James Bay, Québec, con resultados esperados para el verano de 2025. La actualización se basa en un nuevo modelo geológico y estructural que ha identificado controles estructurales sobre la mineralización de oro previamente desconocidos. Cabe destacar que la próxima MRE incluirá por primera vez un componente subterráneo, ampliando la estimación respecto a la de diciembre de 2022.
El nuevo modelo fue desarrollado con consultores expertos en modelado de recursos y geología estructural. PLR Resources Inc., dirigida por Pierre Luc Richard, un reconocido experto autor de más de 100 informes técnicos NI 43-101, está realizando la actualización de la MRE. La compañía realizará un evento en vivo el 28 de mayo para ofrecer más detalles sobre los avances del proyecto.
Sirios Resources (SIREF)는 퀘벡 주 Eeyou Istchee James Bay에 위치한 주력 사업인 Cheechoo Gold Project의 광물 자원 추정치(MRE) 업데이트를 진행 중이며, 결과는 2025년 여름에 발표될 예정입니다. 이번 업데이트는 금 광물화에 대한 이전에 알려지지 않은 구조적 제어를 확인한 새로운 지질 및 구조 모델을 기반으로 합니다. 특히, 이번 MRE에는 2022년 12월 추정치 이후 처음으로 지하 부문이 포함될 예정입니다.
새 모델은 자원 모델링 및 구조 지질학 분야의 전문가 컨설턴트와 함께 개발되었습니다. 100개 이상의 NI 43-101 기술 보고서를 작성한 저명한 전문가 피에르 루크 리차드가 이끄는 PLR Resources Inc.가 MRE 업데이트를 수행하고 있습니다. 회사는 5월 28일에 프로젝트 개발에 관한 추가 정보를 제공하는 라이브 스트리밍 이벤트를 개최할 예정입니다.
Sirios Resources (SIREF) a annoncé une mise à jour en cours de l'Estimation des Ressources Minérales (MRE) pour son projet phare, le Cheechoo Gold Project, situé à Eeyou Istchee James Bay, Québec, avec des résultats attendus pour l'été 2025. Cette mise à jour repose sur un nouveau modèle géologique et structurel ayant identifié des contrôles structurels sur la minéralisation aurifère jusque-là inconnus. Notamment, la prochaine MRE inclura pour la première fois une composante souterraine, élargissant ainsi l'estimation de décembre 2022.
Le nouveau modèle a été développé avec des consultants experts en modélisation des ressources et géologie structurale. PLR Resources Inc., dirigée par Pierre Luc Richard, un expert reconnu ayant rédigé plus de 100 rapports techniques NI 43-101, réalise la mise à jour de la MRE. La société organisera un événement en direct le 28 mai pour fournir des détails supplémentaires sur les avancées du projet.
Sirios Resources (SIREF) hat ein laufendes Update der Mineralressourcenschätzung (MRE) für sein Flaggschiff-Projekt Cheechoo Gold Project in Eeyou Istchee James Bay, Québec, angekündigt, mit Ergebnissen, die für den Sommer 2025 erwartet werden. Das Update basiert auf einem neuen geologischen und strukturellen Modell, das zuvor unbekannte strukturelle Kontrollen der Goldmineralisierung identifiziert hat. Bemerkenswert ist, dass die kommende MRE erstmals eine unterirdische Komponente enthalten wird, die über die Schätzung vom Dezember 2022 hinausgeht.
Das neue Modell wurde mit Expertenberatern für Ressourcenmodellierung und Strukturgeologie entwickelt. PLR Resources Inc., unter der Leitung von Pierre Luc Richard, einem renommierten Experten, der über 100 NI 43-101 technische Berichte verfasst hat, führt das MRE-Update durch. Das Unternehmen wird am 28. Mai eine Live-Übertragung veranstalten, um weitere Details zu den Projektentwicklungen zu geben.
- Introduction of first-ever underground component in the resource estimate, expanding potential beyond previous estimates
- Discovery of new structural controls on gold mineralization, potentially improving understanding of the deposit
- Engagement of renowned expert Pierre Luc Richard and PLR Resources Inc. for the MRE update
- None.
Montreal, Quebec--(Newsfile Corp. - May 28, 2025) - Sirios Resources Inc. (TSXV: SOI) (OTCQB: SIREF) ("Sirios") is pleased to announce that an update of the Mineral Resource Estimate (MRE) for its flagship Cheechoo Gold Project in Eeyou Istchee James Bay, Québec, is well underway, with results anticipated as soon as this summer. This update is driven by the adoption of a new game-changing geological and structural model that significantly redefines the deposit's potential.
A Transformative Geological Model
Developed in collaboration with leading consultants in resource modeling and applied structural geology, the new model is grounded in a comprehensive analysis of drilling data and geological structures. This work has uncovered previously unrecognized structural controls on gold mineralization, resulting in a redefinition of key mineralized zones and corridors. An interactive 3D viewer of the new model will be made available on Sirios' website upon publication of the updated MRE.
Key Anticipated Impacts
For the first time, the forthcoming resource estimate is expected to include an underground component—representing a major advancement over the December 2022 estimate. This addition paves the way for expanded resource development through future drilling initiatives.
"Our team's dedication over the past year is coming to fruition as we integrate new insights and data into the upcoming Mineral Resource Estimate," stated Dominique Doucet, President and CEO of Sirios Resources. "We are confident that the new estimate will showcase Cheechoo's substantial resource development potential and reinforce its status as a premier gold project in Québec."
The MRE update is being conducted by PLR Resources Inc., a trusted geological consulting firm founded by Pierre Luc Richard, a recognized expert in mineral resource estimation who has authored and coordinated more than 100 technical reports under National Instrument 43-101.
Livestream Event: May 28
To provide further details on developments at the Cheechoo Gold Project and the ongoing resource estimate update, Sirios will host a livestream event later today.
Attendees will have the opportunity to ask questions following the presentation. The livestream will be held on Zoom, with sessions offered in both French and English:
Webinar in French: 1:00 p.m. (EDT)
https://us06web.zoom.us/j/83341809688?pwd=3d2f1f1WmzfDP7zF0FyeNpazoNXzra.1
Webinar in English: 2:00 p.m. (EDT)
https://us06web.zoom.us/j/88567968164?pwd=dwORJwp39XomdTZ25QMqycbm9baiWB.1
About the Cheechoo Project
Located less than 15 km from Dhilmar Ltd.'s Éléonore gold mine in Quebec's Eeyou Istchee James Bay territory, the Cheechoo Project—
The 2022 Mineral Resource Estimate (MRE) reported, for an open-pit model:
- 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.
Underground mining scenarios have not been evaluated in this MRE.
Source: BBA, Mineral Resource Estimate Update for the Cheechoo Project, 23/12/2022
Learn more about Cheechoo at sirios.com/en/cheechoo.
About Sirios
Sirios Resources Inc. (TSXV: SOI) (OTCQB: SIREF) is a Quebec-based mineral exploration company focused on developing its
About PLR Resources
PLR Resources specializes in mineral resource estimates and project evaluations and offers a wide variety of services, from grassroots exploration planning to feasibility studies and mining operation optimization, serving clients that include juniors, major operators as well as financial experts seeking reliable and realistic advice.
For more information, please contact:
Dominique Doucet, P.Eng., CEO
450-482-0603
info@sirios.com
www.sirios.com
Cautionary note regarding forward-looking statements
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations. estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results. Performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR at www.sedarplus.ca. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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FAQ
When will Sirios Resources (SIREF) release the updated Mineral Resource Estimate for Cheechoo Gold Project?
What is new about the 2025 Mineral Resource Estimate for SIREF's Cheechoo Gold Project?
Who is conducting the 2025 Mineral Resource Estimate update for Sirios Resources?
Where is the Cheechoo Gold Project located?
