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DISCLAIMER: This editorial is disseminated on behalf of Sirios Resources Inc.

Sirios Resources Sets Stage for 35,000-Meter Drill Program at Cheechoo in Quebec’s James Bay Gold District

 

April 07, 2026

Dear Reader,

Sirios Resources Inc. (TSX-V: SOI)(OTCQB: SIREF), currently trading around C$0.20 per share in a resilient gold market, has outlined a fully funded 35,000-meter 2026 drill program at its flagship Cheechoo Gold Project in Quebec’s James Bay region — one of Canada’s most active and mining-friendly mineral districts.

The multi-phase program — set to commence in the coming weeks — is backed by a recently completed C$25 million financing and is designed to drive near-term growth through an updated resource estimate and to advance Cheechoo toward a Preliminary Economic Assessment (PEA) in the first half of 2027.

Sirios Resources CEO Jean-Félix Lepage — whom you’ll hear from next in our exclusive interview — commented on the path to advancing Cheechoo toward its next milestones:

“This comprehensive 2026 drill program at Cheechoo will enable us to publish a new resource estimate. We will then use that information to complete a Preliminary Economic Assessment (PEA) in the first half of 2027.”

Phase 1 will consist of approximately 25,000 meters beginning in Q2 2026 targeting expansion of the existing resource as well as testing high-priority zones adjacent to and within the conceptual pit.

Sirios Resources Executive Chairman Dominique Doucet added:

“We’re looking forward to getting drills turning at Cheechoo in the coming weeks. In addition, a second phase of at least 10,000 m of exploration and follow-up drilling is planned for the first quarter of 2027. The targeting and timing of this phase will be contingent on the results of the first phase.”

Cheechoo hosts a gold inventory of approximately 3 million ounces across Indicated and Inferred categories with open-pit grades above 1 gram per tonne and a favorable strip ratio of roughly 2.9:1 — a combination that compares well with many producing open-pit operations globally.

Importantly, the upcoming drill program will focus on well-defined targets supported by prior drilling and geological modeling, including a conceptual exploration target of 31 to 40 million tonnes grading between 1.27 and 1.45 g/t gold.

Phase 1 will focus on metasedimentary units near the current pit shell, as well as the Eclipse zone where prior drilling has returned elevated gold grades. Together, these areas are expected to expand the resource and enhance overall grade ahead of an updated resource estimate slated for later this year.

Located just 15 km from Newmont’s Éléonore Mine and supported by road access and nearby power infrastructure, Cheechoo benefits from a combination of scale, grade, and jurisdiction, positioning it as a potential future development asset in one of Canada’s most active gold camps. 

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And while advancing Cheechoo via the drill bit remains the primary near-term focus, Sirios continues to advance its broader portfolio of exploration assets across the James Bay region.

Aquilon Project

At Aquilon, a follow-up exploration program is planned for Q3 2026 in partnership with Sumitomo Metal Mining Canada following encouraging results from prior drilling. Sirios remains the operator with Sumitomo providing financial and technical support.

PLEX Project

At PLEX, Sirios is currently refining geological data across a large 21,000-hectare land package situated along a key greenstone belt. A detailed work plan is expected to be announced by late 2026 with the goal of initiating exploration activities in 2027.

Fagnant Project

At Fagnant, Sirios is planning a helicopter-borne magnetic survey for Q2 2026, marking the first systematic exploration of the project since its acquisition. The underexplored property hosts numerous historical gold and polymetallic showings, including high-grade surface samples.

In other words, plenty of shots on goal for discovery success across the project portfolio.  

With gold currently trading near US$4,700 per ounce, and with drills set to turn at Cheechoo in the coming weeks, Sirios Resources is well positioned to demonstrate both scale and economic potential at a time when exploration projects in safe, Tier-1 jurisdictions such as Quebec, Canada, are commanding renewed investor attention.

Early to the story as always, our own Gerardo Del Real of Junior Resource Monthly caught up with Sirios Resources CEO Jean-Félix Lepage to discuss the upcoming drill program at Cheechoo and much more. 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.

Yours in profits,



Mike Fagan
Editor, Resource Stock Digest 

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