First Majestic Silver Corp. press release
Sirios starts its exploration program in the area of the Virginia's Eleonore gold discovery
TSX - Toronto Stock Exchange · Silver · Zinc · Lead · Gold · Copper · Canada
MONTREAL, July 6 /CNW Telbec/ - Officers of SIRIOS RESOURCES INC. are pleased to announce that an exploration program is presently being carried out on its fully-owned KUKAMES and OPINACA NORTH properties which are located in the vicinity of the Eleonore gold discovery of Virginia Gold Mines Inc. The program includes detailed bottom-lake sediment sampling, prospecting and geological reconnaissance. Furthermore, the OPINACA NORTH gold property has now been expanded to 344 claims (212 pending) in two separate claim blocks which cover approximately 180 square kilometers (45,000 acres). SIRIOS now controls 1,521 claims covering close to 800 square kilometers (20,000 acres) of high potential ground in four projects in the Eleonore Discovery region : CHEECHOO, SHARKS, KUKAMES and OPINACA NORTH. The two first projects are already subject to option agreements (Press release : February 7, 2005) and an airborne magnetic and electromagnetic survey has been recently completed. Additional work is planned this summer.
The properties of SIRIOS in the area of the Eleonore gold discovery are shown on the map available on the web at : http://www.sirios.com/sirios/docs/opinaca_map.jpg
PONTAX PROJECT :
A first till sampling program was recently completed on the PONTAX property; a total of 146 till samples were collected and sent for processing to the laboratories of IOS Services GDeoscientifiques in Chicoutimi, QuDebec. This metals and diamond project is held jointly and explored with DIOS EXPLORATION INC. (TSX V: DOS) (Press release : June 8, 2005). The property covers close to 500 square kilometers (125,000 acres, 912 claims) 350 kilometers north of Matagami along the paved road going to Radisson.
OPTIONS GRANTED :
A total of 890,000 share purchase options at $ 0,15 per share were voted on July 5, 2005 by the Board to some directors, officers and employees. These options are valid until July 4, 2010.
SIRIOS' INVESTOR RELATIONS ACTIVITIES :
On July 31st, 2005 SIRIOS will ceased to retain the services of Renmark Financial Communications Inc. ("Renmark") to handle its investor relations activities.
SIRIOS is exploring for precious and base metals in Quebec. SIRIOS is the main shareholder of DIOS EXPLORATION INC. (TSX-V: DOS), a leader in diamond exploration in Quebec.
The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.