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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

Comment by Budlight1971on Nov 22, 2020 8:29am
205 Views
Post# 31948478

RE:Mining Journal article

RE:Mining Journal articleJust my bunion, I don't claim to have the absolute answer. In its press release DD says it needs $ 3-4 M to complete the 15,000 meters of final drilling to know the estimate of the total reserve. I think it's a good idea to go ahead with this project because if you want to attract more attention and visibility to the SOI title, it takes a bigger reserve of gold. It is good to have 1955,000 ounces, but there will be no overbid with this number, on the other hand if we can prove 4-5 M ounces, there will be other major producers who will be interested. At 2m ounces, the other majors don't want to go to war with Newmont as they already have a mill nearby and a significant chunk of stock outstanding, but if they've managed to prove 4-5m, the game will be very different and the other major will say that it is worth the trouble to build a transformation plant and from there, the overbids will occur and the price will soar. But like I said it's just my opignon. Good luck everyone.
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