EXPLORATION & DEVELOPMENT

Sirios gains on high-grade results at Cheechoo

Goldcorp-backed explorer confirms Eclipse zone

Staff reporter

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Cheechoo lies within 10km of Goldcorp's Éléonore mine in Quebec's Eeyou Istchee James Bay region.

Sirios recently upgraded the camp at its flagship property and added a third drill rig to the programme earlier this month, to accelerate drilling as it aims for a resource estimate in the second quarter.

It said 31 holes and 6,550m had been completed of the expected 10,000m campaign.

Other highlights from the Eclipse zone included 3.5m at 17.6g/t from 137.5m and 1.4m at 45.9g/t from 27.9m.

Sirios interprets Eclipse as the depth extension of the high-grade vein systems of the Moni surface showing on the neighbouring Eastmain Resources-operated Eleonore South joint venture property.

Sirios raised C$2.54 million (US$1.9 million) in a flow-through placement at 22c per share in November.

Goldcorp holds 15% of Sirios.

Sirios shares gained 10.87% yesterday to 25.5c, towards the upper end of its 52-week range of 12-29.5c, capitalising it at $38 million.

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