Mike Fagan,
Editor
Aug. 27, 2026
Sirios Resources Inc. (TSX-V: SOI)(OTCQB: SIREF) — currently trading around C$0.20 per share in a rising gold market — has reported strong initial drill results from Phase 1 drilling at its flagship Cheechoo gold project in Quebec’s James Bay region, confirming the gold deposit extends beyond the 2025 resource estimate.
Initial assays from five holes totaling 1,753 meters include:
- 2.40 grams per tonne (g/t) gold over 48.5m, including 77.65 g/t gold over 1.1m
- 1.49 g/t gold over 37.6m
- 1.16 g/t gold over 32.2m, including 12.88 g/t gold over 1.5m
- 2.28 g/t gold over 10.3m, including 10.39 g/t gold over 1.5m
The headline 48.5m intercept was encountered below the conceptual resource pit and outside the 2025 resource — exactly the type of mineralization Sirios is targeting as it works to expand the existing multi-million-ounce gold resource at Cheechoo.
Sirios Resources CEO Jean-Félix Lepage — whom you’ll hear from next in our exclusive interview — commented on the significance of the initial drill results and the resource expansion potential at Cheechoo via press release:
“These preliminary results, which represent less than 10% of the planned drill holes, support our thesis that the resource at Cheechoo has the potential to become more significant than indicated in the 2025 resource estimate. With four active drill rigs, we anticipate completing Phase 1 in September and launching the updated resource estimate thereafter.”
Dominique Doucet, Head of Exploration for Sirios, added:
“We are pleased with the initial results of our 2026 summer drilling program. From the very first holes, good results were obtained both outside and within the conceptual pit of our resources, confirming the potential for expansion of the deposit in the tonalite as well as the depth extension of the metasedimentary zone to the east.”
Visible gold has been observed in eight drill holes with assays pending for seven of them. Sirios had completed 33 holes totaling 13,555 meters with four drill rigs active at Cheechoo.
Drilling has now surpassed 14,000 meters with approximately another month ahead toward completing the roughly 25,000-meter Phase 1 program.
The program is specifically designed to support an updated Mineral Resource Estimate (MRE) before year-end with drilling focused on expanding a Cheechoo resource that already contains approximately 3 million ounces of gold across the Indicated and Inferred categories.
The project also benefits from an open-pit grade above 1 g/t gold, a strip ratio below 3:1, and a modeled exploration target supported by existing drilling both within and immediately adjacent to the current resource pit.
Beyond Phase 1, Sirios has budgeted at least another 10,000 meters of Phase 2 drilling with targeting to be refined as additional assays arrive.
The updated resource is then expected to feed directly into a Preliminary Economic Assessment (PEA) targeted for the first half of 2027 — providing Sirios with a clear sequence of potential catalysts extending well beyond the current drill program.
With gold surging from around $4,000/oz to above $4,600/oz in just the past few weeks, the timing couldn’t be better for Sirios and its multi-million-ounce Cheechoo gold resource.
With four rigs turning, assays pending, Phase 1 nearing completion, an updated resource estimate targeted before year-end, and a PEA slated for the first half of 2027, Sirios Resources is entering an active stretch of catalysts as it works to demonstrate just how large the Cheechoo gold system can become.
As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Sirios Resources CEO Jean-Félix Lepage to go over the latest drill results and the road ahead at Cheechoo. Please enjoy!
For additional information on Quebec-based Sirios Resources Inc., please contact the company’s IR department at 450-482-0603 or via email at info@sirios.com.
Visit the Sirios Resources corporate website and sign up to receive updates from the company here. View the most recent Investor Presentation here. Access our feature-length report on Sirios Resources here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Click here to see more from Sirios Resources
IMPORTANT DISCLAIMER & DISCLOSURES
Resource Stock Digest, as a publisher, is not a broker, investment advisor, or financial advisor in any jurisdiction.
Please do not rely on the information presented by Resource Stock Digest as personal investment advice.
If you need personal investment advice, kindly reach out to a qualified and registered broker, investment advisor, or financial advisor.
The communications from Resource Stock Digest should not form the basis of your investment decisions. Examples we provide regarding share price increases related to specific companies are based on randomly selected time periods and should not be taken as an indicator or predictor of future stock prices for those companies.
Sirios Resources has sponsored this report.
The information in this newsletter does not constitute an offer to sell or a solicitation of an offer to buy any securities of a corporation or entity, including U.S. Traded Securities or U.S. Quoted Securities, in the United States or to U.S. Persons. Securities may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
Any public offering of securities in the United States may only be made by means of a prospectus containing detailed information about the corporation or entity and its management as well as financial statements. No securities regulatory authority in the United States has either approved or disapproved of the contents of any newsletter. Neither Resource Stock Digest nor any employee of Resource Stock Digest is registered with the United States Securities and Exchange Commission (the “SEC”): as a “broker-dealer” under the Exchange Act, as an “investment adviser” under the Investment Advisers Act of 1940, or in any other capacity. Resource Stock Digest, its owners, directors, and employees are also not registered with any state securities commission or authority as a broker-dealer or investment advisor or in any other capacity.
HIGHLY BIASED:
In our role, we aim to highlight specific companies for your further investigation; however, these are not stock recommendations, nor do they constitute an offer or sale of the referenced securities. Resource Stock Digest has received cash compensation from Sirios Resources and is thus extremely biased. It is crucial that you conduct your own research prior to investing. This includes reading the companies' SEDAR and SEC filings, press releases, and risk disclosures. The information contained in our profiles is based on data provided by the companies, extracted from SEDAR and SEC filings, company websites, and other publicly available sources.
Resource Stock Digest, and its owners, directors, employees, and members of their households may own shares of Sirios Resources. Therefore, Resource Stock Digest is extremely biased. Measures are in place such that no shares will be sold during the active awareness campaign.
HIGH RISK:
The securities issued by the companies we feature should be seen as high risk; if you choose to invest, despite these warnings, you may lose your entire investment. You must be aware of the risks and be willing to accept them in order to invest in financial instruments, including stocks, options, and futures.
NOT PROFESSIONAL ADVICE:
By reading this, you agree to all of the following: You understand this to be an expression of opinions and NOT professional advice. You are solely responsible for the use of any content and hold Resource Stock Digest, and all partners, members, and affiliates harmless in any event or claim. While Resource Stock Digest strives to provide accurate and reliable information sourced from believed-to-be trustworthy sources, we cannot guarantee the accuracy or reliability of the information. The information provided reflects conditions as they are at the moment of writing and not at any future date. Resource Stock Digest is not obligated to update, correct, or revise the information post-publication.
FORWARD-LOOKING STATEMENTS:
Certain information presented may contain or be considered forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in these statements. There can be no assurance that any such statements will prove to be accurate, and readers should not place undue reliance on such information. Resource Stock Digest does not undertake any obligations to update the information presented or to ensure that such information remains current and accurate.