New High Grade Gold Showings for Sirios at LG-3.MONTREAL--(BUSINESS WIRE)--Aug. 7, 1996--SIRIOS RESOURCES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. .(ME:SOI (Silicon On Insulator) A chip architecture that increases transistor switching speed by reducing capacitance (build-up of electrical charges in the transistor's elements), and thus reducing the discharge time. The power requirement is also reduced in some designs. ;SOI.WT) SIRIOS RESOURCES INC. ("SIRIOS") announces the discovery by way of field prospecting of two new gold showings on its LG-3 property, James Bay James Bay, shallow southern arm of Hudson Bay, c.300 mi (480 km) long and 140 mi (230 km) wide, E central Canada, in Nunavut Territory between Ont. and Que. Numerous rivers flow into the bay; many of these have been developed for hydroelectric power in Quebec (see , Quebec. A new sulphurized zone which seems opened in strike has returned up to 13 grams of gold per tonne (g/t Au) in the iron formation some 1.6 km south-east of the already known zone in the iron formation which had values of up to 6.2 g/t Au (confirmed this summer by a trench value of 12 g/t Au). This property is subject to an agreement with BATTLE MOUNTAIN CANADA LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (formerly HEMLO GOLD) and SIRIOS. Outside of the iron formation, values of the already existing BATTLE MOUNTAIN showing grading 20 g/t Au and 11.6 percent copper (Cu) were also confirmed this summer with assays returning 18 g/t Au. A mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. shear zone has also been uncovered some 100 m long and 5-7 m wide on the northern part of an island: it is ankeritized with folded quartz and tourmaline tourmaline (t  r`məlĭn, –lēn), complex borosilicate mineral with varying amounts of aluminum, iron, magnesium, sodium, lithium, potassium, and sometimes other elements, veins which underwent some boudinage and the first results available gave 5.2 g/t Au and 2 percent Cu, 4.3 g/t Au and 3 g/t Au. The zone is again outcropping some 300-400 m more to the south where it returned 10 g/t Au and 3.3 g/t Au. It is interesting to note some subparallel splays in the shear have been observed and quartz veins can be seen outside of the shear, giving additional potential to the area. Approximately 1,000 rock samples (grab samples, channel samples and chip samples) have been taken this summer in the ongoing field campaign and around 15 percent of assay results have been obtained to date. In order to finance this field work, SIRIOS just completed a second private placement this summer by way of offering memorandum Offering Memorandum A legal document stating the objectives, risks, and terms of investment involved with a private placement. Notes: The private placement of hedge funds necessitates the issue of memorandums. . Some 99 units were subscribed at $1,195 per unit by 12 individuals, each unit comprising 1,500 flow-through shares at $0.65 per share and 400 common shares at $0.55 per share. SIRIOS is a new gold and base metal exploration company. Its main projects are located in the James Bay and Abitibi areas of Quebec. Some 5 682 998 common shares of SIRIOS are issued and outstanding. Common shares and warrants of SIRIOS are listed for trading on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg under SOI and SOI.wt. No regulatory authority has approved nor disapproved the content of this release. CONTACT: Sirios Resources Inc. Dominique Doucet, 514/288-3881 514/849-8367 (fax) or Sirios Resources Inc. Marie-Josee Girard, 514/485-2155 514/483-5149 (fax) |
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