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Sirios Resources Inc V.SOI

Alternate Symbol(s):  SIREF

Sirios Resources Inc. is a Canada-based mineral exploration company. The Company is focused on developing its portfolio of high-potential gold properties in Eeyou Istchee James Bay, Canada. Its projects include Cheechoo, Aquilon, Maskwa, Li-52, Niska and Tilly 2. The Cheechoo gold project is located in the Eeyou Istchee James Bay region of Quebec, less than 15 kilometers (km) from Newmont’s Eleonore gold mine. The property consists of a main block of 121 claims, as well as a secondary block of 35 claims located about 20 km to the west. The Aquilon project covers 68 km2 of the Aquilon greenstone belt, in the La Grande subprovince of Quebec. The Maskwa gold project is located approximately 100 km southwest of Radisson and approximately 120 km east of Wemindji in Eeyou Istchee Baie-James, Quebec. The Li-52 property, located in Eeyou Istchee Baie-James, is made up of 550 claims covering an area of more than 286 square kilometers (km2).


TSXV:SOI - Post by User

Bullboard Posts
Comment by carcajou8on Dec 13, 2010 10:40am
226 Views
Post# 17837748

RE: RE: RE: RE: 2011 drill drill drill

RE: RE: RE: RE: 2011 drill drill drillI watched it on the web, I can tell you what I remember, you have tounderstand  this is not a precise word for word recollection of themeeting, I should have taken notes, next year it should be moreinteractive, I hope they will give us the chance to ask questions fromthe web.

Questions from the room:

1- about Aquilon: 

When do you think the bulk sample will be done ?

Answer DD: You need to understand that this process is not simple, weneed to determine what will be the best target area for this and when,depending of the localization, it could be best in winter others insummer. Also the time to get the specific environmental permits could beseveral months.

2- Generic

What is the SOI working capital

Answer DD:   About 400k


Will SOI proceed with a new financing in 2011 ?

Answer DD:  The board have decided to wait until the Aquilon drillcampaign results before deciding how the 2011 exploration will befinanced.   We have to spend as a minimum of 200k  on Aquilon to get 50%on the project.  We have different options, we can use some from about800K that we have in investment or do a new private placement.  Werefused a lot of different private placement offer from investmentcompany.

Should SOI be considering a share consolidation ?

Answer DD:  I know that you talk with another shareholder about thatquestion , I also talked with that person and he has very good pointsbut I don't believe it is as good as you thing  for the shareholders.  We will prefer a spin-off of none precious metal projects instead.

Bullboard Posts