MONTREAL, QUEBEC–(CCNMatthews – Jan. 22, 2006) – SIRIOS RESOURCES INC. (TSX VENTURE:SOI) reports that significant gold anomalies were outlined by the till sampling program carried out on the PONTAX property. This property is held in partnership with DIOS EXPLORATION INC. (TSX VENTURE:DOS) on a 50-50 basis. It is located in James Bay, Quebec, 350 km north of Matagami along the paved road going to Radisson. It is also approximately 75 km to the southwest of the ELEONORE gold discovery of Virginia Gold Mines Inc.
On a total of 145 samples assayed, 37 (26%) heavy mineral concentrates graded more than 10 ppb (parts per billion) in gold including 19 (13%) grading more than 100 ppb with a maximum value of 820 ppb. Several gold anomalies are grouped and up-ice of lake sediment gold anomalies up to 43 ppb Au. In a regional context, such results, are qualified of very encouraging. The study of the glacial dispersion and the till content is on going and suggests a proximal source. The Eleonore and Elmer gold occurences are excluded as a source.
Following these results, 215 claims (pending) were added to properly cover some areas of interest. The property now totals 1,127 claims covering approximately 600 square km.
The till sampling program was completed during the 2005 summer on the property where 146 samples were taken for diamond indicators picking and then assayed for 48 elements including gold. The collect and preparation of the samples were completed by IOS Services Geoscientifiques Inc. (IOS) of Chicoutimi and supervised by Patrice Villeneuve, Geo. qualified person under the National Instrument 43-101. Inductively Coupled Plasma Mass Spectrometry (ICP-MS) assays were performed in ALS Chemex laboratories, Val D’Or, Quebec.
Under the agreement with DIOS (ref.: June 8 2005 Press Release), the process for kimberlite indicator minerals (diamond) is paid by DIOS, while the cost incurred for the gold and the base metals assaying is paid by Sirios. Depending of the future results, if the project should focus specifically on gold, SIRIOS will have the option to buy back DIOS’ share, by repaying in cash or shares (acquisition and exploration costs) and vice et versa.
The TSX VENTURE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO