Sirios Resources Inc. announced the assays results from the four drill holes that were recently executed on the Cheechoo gold project located less than 10 km from the Eleonore gold mine of Goldcorp in James Bay, Quebec. More than eight new gold zones were intersected by three drill holes that were aiming and that intersected tonalitic intrusion. These new holes confirmed a low grade gold envelope with a minimum area of 250 x 525 metres with a depth reaching up to 200 metres vertically.

This envelope is open in depth and in every direction except for its south-east portion. Visible gold was observed in 12 core samples of 0.5 metre to 1 metre taken from different zones in drill holes #9, 10 and 12. Seven of these samples graded between 11.05 g/t and 47.9 g/t Au while five others graded between 0.05 g/t and 3.72 g/t Au.

The new drill holes, in addition of confirming a large low-grade gold envelope, intersect zones with a higher gold grade. It represents a significant progress for the project which counts only six drill holes in the gold-bearing tonalitic intrusion. Visible gold (EOH): End of hole Similar to the drill holes undertaken in 2012, drill hole #9, #10 and #12 show a fine and weak dissemination of pyrrhotite and arsenopyrite over large widths in a silicified tonalite (granitic intrusive rock).

Numerous quartz veinlets cross-cut the tonalite. The presence of localized gold bearing pegmatites was also observed in some drill holes. The meta-greywacke, intersected on almost the whole length of drill #11, has gold anomalies ranging between 0.13 g/t and 0.34 g/t over intervals of 5 to 10 metres.

It is also less mineralized than the tonalite. The four drill holes, totalizing 750 metres, completed on the Cheechoo gold project are situated less than 15 km from the Eleonore gold mine belonging to Goldcorp which the production is planned to begin at the end of 2014. Recall that Sirios signed an agreement last summer with GoldenValley for the gold properties Cheechoo and Sharks to, upon completion of certain obligations and counterparties, increase its current interest from 45% to 100%.

Samples grading more than 10 g/t were re-assayed by fire assay with gravimetric finish.