Sirios Intercepts 0.26 g/t Gold over 298.2 Metres at Aquilon
Sirios secures Sumitomo as 51% project partner while massive low-grade gold halo at Aquilon suggests bulk-tonnage potential.
The most recent news release (February 10, 2026) reports drilling results from the Aquilon project in Quebec. The results highlight massive intercepts of low-grade gold, notably 0.26 g/t Au over 298.2 metres (Hole AQ25-118) and 0.27 g/t Au over 146 metres (Hole AQ25-119). These results confirm the continuity of a "gold halo" extending over 700m laterally and 300m in width.
Crucially, the release announces that Sumitomo Metal Mining Canada has fulfilled the requirements of Phase 1 of their option agreement, earning a 51% interest in the Aquilon project by investing over C$4.8 million. Moving forward, the project will be a joint venture with funding provided in proportion to ownership (51% Sumitomo / 49% Sirios).
The news is Materially Positive for several reasons: - Major Partner Validation: Sumitomo, a top-tier global miner, has seen enough geological potential to exercise its option and commit to a 51% joint venture. This provides significant technical and financial validation for the Aquilon property. - Scale Potential: While the grades (0.26 g/t) are very low, the thicknesses are substantial. Management is comparing these results to the early days of their flagship Cheechoo project, which now hosts over 3 Moz of gold. This suggests the company is hunting for a large-scale, bulk-tonnage deposit. - JV Transition: The transition from a "Sumitomo-funded" model to a "Jointly-funded" model is a double-edged sword. While it solidifies the partnership, Sirios must now begin contributing its share of capital to maintain its 49% interest, which will increase the company’s cash burn. - Recent Capital Infusion: The January 15, 2026, news of $1.5 million raised through warrant and option exercises provides the immediate liquidity needed to fund these upcoming JV commitments.
Sirios Resources is a Quebec-based explorer. Its flagship is the 100%-owned Cheechoo Gold Project, located 15km from Newmont’s (now Dhilmar’s) Éléonore mine. - Flagship Resource: 1.3 Moz Indicated (1.12 g/t) and 1.7 Moz Inferred (1.23 g/t). - Discovery Strategy: Focusing on high-grade zones (Eclipse zone) to enable a "ramp-first" underground mining scenario, followed by large-scale open pits. - Secondary Asset: Aquilon (49% interest), a high-grade gold showing project that is now revealing bulk-tonnage potential.