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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 BreadPitton Feb 04, 2021 2:13pm
108 Views
Post# 32472190

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Can't wait to see how the public will react.

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Can't wait to see how the public will react. Hi all, first post here. Could someone tell me if I am correct in my analysis of the recent news ?

The test recently done for Cheechoo can't be quite compared to other recent open pits Canadian Malartic (±88%) and more recently Marban (w\ 93.7%) or Troilus.

Column leach test are only for heap leaching using an economic P80 of about 6.5 mm in this case (so no SAG&Ball mills required before process). 78 % recovery for 0.8-0.9 g/t is good, but they are at 151 days and I don't expect this to be Cheechoo's overall % since it doesn't have this av. grade. I think NaCN consumption is a little bit higher than Virgina Gold (VG is 1.19 NaCN kg/t so Cheechoo would cost a little bit more per processed ton). Comparative % Values for Virginia Gold :
10M dry tonnes per annum (M t/a) of crushed ore with a LOM average gold feed grade of 0.76 g/t and a LOM recovery of 78.4% after 90 days leaching
3M t/a (on average) of ROM ore at a grade of 0.22 g/t and a LOM 55.7% gold recovery after 90 days
Combined : 13M t/a at an average grade of 0.64 g/t and a LOM recovery of 76.9% after 90 days

The lower the grade, the lower the recovery,
The smaller the grind, the higher the recovery

We'll see how this plays out with more drilling results..
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