Sirios Will Begin a Drilling Campaign on The Aquilon Gold Project in Eeyou Istchee James Bay, Quebec
Sirios Resources has announced plans for a diamond drilling program at their Aquilon gold project in Eeyou Istchee James Bay, Quebec. The program, scheduled for early summer, will cover approximately 5,000 meters and target ten sites identified through recent 2024 surveys.
The drilling initiative is fully funded by Sumitomo Metal Mining Canada, with Sirios serving as the operator. These new drilling targets are located in an area separate from the previously known gold showings. Notably, Sumitomo has an option agreement to acquire an 80% stake in the Aquilon project through a $14.8 million investment commitment.
Sirios Resources ha annunciato un programma di perforazioni diamantate presso il loro progetto aurifero Aquilon situato a Eeyou Istchee James Bay, Quebec. Il programma, previsto per l'inizio dell'estate, coprirà circa 5.000 metri e interesserà dieci siti individuati durante le recenti indagini del 2024.
L'iniziativa di perforazione è interamente finanziata da Sumitomo Metal Mining Canada, mentre Sirios agirà come operatore. Questi nuovi obiettivi di perforazione si trovano in un'area distinta rispetto alle precedenti manifestazioni aurifere conosciute. È importante sottolineare che Sumitomo ha un accordo di opzione per acquisire una quota dell'80% nel progetto Aquilon tramite un impegno di investimento di 14,8 milioni di dollari.
Sirios Resources ha anunciado un programa de perforación diamantina en su proyecto aurífero Aquilon ubicado en Eeyou Istchee James Bay, Quebec. El programa, previsto para principios del verano, cubrirá aproximadamente 5,000 metros y se enfocará en diez sitios identificados mediante las encuestas recientes de 2024.
La iniciativa de perforación está completamente financiada por Sumitomo Metal Mining Canada, con Sirios actuando como operador. Estos nuevos objetivos de perforación se encuentran en una zona separada de las manifestaciones de oro previamente conocidas. Cabe destacar que Sumitomo tiene un acuerdo de opción para adquirir una participación del 80% en el proyecto Aquilon mediante un compromiso de inversión de 14,8 millones de dólares.
Sirios Resources는 퀘벡의 Eeyou Istchee James Bay에 위치한 Aquilon 금 프로젝트에서 다이아몬드 시추 프로그램을 계획했다고 발표했습니다. 이 프로그램은 초여름에 시작될 예정이며, 약 5,000미터를 시추하며 2024년 최근 조사에서 확인된 열 곳을 대상으로 합니다.
이 시추 사업은 Sumitomo Metal Mining Canada가 전액 자금을 지원하며, Sirios가 운영사로 활동합니다. 새로운 시추 대상지는 이전에 알려진 금 광상과는 별도의 지역에 위치해 있습니다. 특히 Sumitomo는 1,480만 달러 투자 약정을 통해 Aquilon 프로젝트의 80% 지분을 인수할 수 있는 옵션 계약을 보유하고 있습니다.
Sirios Resources a annoncé un programme de forage diamanté sur leur projet aurifère Aquilon situé à Eeyou Istchee James Bay, Québec. Ce programme, prévu pour le début de l'été, couvrira environ 5 000 mètres et ciblera dix sites identifiés lors des récentes enquêtes de 2024.
L'initiative de forage est entièrement financée par Sumitomo Metal Mining Canada, avec Sirios en tant qu'opérateur. Ces nouvelles cibles de forage se trouvent dans une zone distincte des indices aurifères connus précédemment. Il est à noter que Sumitomo dispose d'un accord d'option pour acquérir une participation de 80 % dans le projet Aquilon via un engagement d'investissement de 14,8 millions de dollars.
Sirios Resources hat Pläne für ein Diamantbohrprogramm bei ihrem Aquilon-Goldprojekt in Eeyou Istchee James Bay, Quebec, angekündigt. Das Programm, das für den Frühsommer geplant ist, wird etwa 5.000 Meter umfassen und zehn Standorte anvisieren, die durch die jüngsten Umfragen von 2024 identifiziert wurden.
Das Bohrvorhaben wird vollständig von Sumitomo Metal Mining Canada finanziert, wobei Sirios als Betreiber fungiert. Diese neuen Bohrziele befinden sich in einem Gebiet, das von den bisher bekannten Goldvorkommen getrennt ist. Bemerkenswert ist, dass Sumitomo eine Optionsvereinbarung besitzt, um durch eine Investitionszusage von 14,8 Millionen US-Dollar einen 80%-Anteil am Aquilon-Projekt zu erwerben.
- Secured funding from Sumitomo Metal Mining Canada for 5,000-meter drilling program
- Strategic partnership with Sumitomo includes potential $14.8M investment
- Company maintains operator status on the Aquilon project
- 10 new drilling targets identified from 2024 surveys
- Potential 80% ownership dilution of Aquilon project to Sumitomo
- Drilling targets are located away from main known gold showings, indicating exploration risk
Montreal, Quebec--(Newsfile Corp. - April 30, 2025) - The management of Sirios Resources Inc. (TSXV: SOI) is pleased to announce that a diamond drilling program will be carried out at the beginning of the summer on the Aquilon gold project, located in Eeyou Istchee James Bay, Quebec.
This program, totaling approximately 5,000 meters, will test around ten targets resulting from the compilation and interpretation of the latest surveys conducted in 2024 on the project. These targets are in an area distinct from the main known gold showings.
The drilling program is funded by Sumitomo Metal Mining Canada (Sumitomo), with Sirios as operator. Sumitomo has the option to acquire an
About the Aquilon Project
The Aquilon gold project consists of 140 mineral claims covering an area of 68 km². It is located in Eeyou Istchee James Bay, Quebec, 10 km south of the Laforge-1 hydroelectric power station and is easily accessible by all-season roads. To date, 32 gold showings have been discovered on the project. Some drill intercepts from the Aquilon project are among the highest grades obtained in Quebec, including 12,906.5 g/t Au over 0.2 m (Lingo showing), 3,527.4 g/t Au over 0.4 m (Moman showing), and 133.67 g/t Au over 0.8 m (Fleur-de-Lys showing) (ref. press releases of 26/06/2008 and 19/01/2011). Additional information is available on the recently updated Aquilon webpage at sirios.com/en/aquilon.
Roger Moar, P.Geo., a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
About Sirios Resources
Sirios Resources is a mining exploration company based in Quebec, focused on developing its portfolio of high-potential gold projects in the Eeyou Istchee James Bay, Canada.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of applicable Canadian securities laws based on expectations, estimates and projections as of the date of this press release. Forward-looking statements involve risks, uncertainties and other factors that could cause actual events, results, performance, expectations and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those indicated in such forward-looking statements include, but are not limited to: capital and operating costs that differ materially from estimates; the tentative nature of metallurgical test results; delays or failures in obtaining required governmental, environmental or other approvals; uncertainties related to the availability and cost of necessary financing in the future changes in financial markets; inflation; fluctuations in metal prices; delays in project development; other risks relating to the mineral exploration and development industry; and risks disclosed in public filings of the Company on SEDAR at www.sedarplus.ca. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements contained in this news release are reasonable, readers should not place undue reliance on this information, which speaks only as of the date of this news release, and there can be no assurance that such events will occur or occur within the time periods presented. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable 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.
Contact:
Dominique Doucet, Eng., President
Phone: 450-482-0603
info@sirios.com
Website: www.sirios.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250118
FAQ
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