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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
Post by prospector24on Jul 06, 2008 8:57am
630 Views
Post# 15261577

forty cents by Friday!

forty cents by Friday!

Dios (Upinor and Opinica North )

Dios is set to drill 3 or 4 holes on UPINOR this coming week.  SOI will fund ½ the program.  The zone is characterized by continuous high radioactive counts per seconds (cps) measured on an almost continuous outcropping surface up to 36,000 cps over a 5 km strike length and a 200-600 meter width. Samples have graded up to 2.064% U3O8.  The project is held in a 50-50 partnership.  In addition, DOS may elect to move the drill over to OPINICA NORTH (20 km to the south) when done at Upinor and drill 1 or 2 holes there.  Values up to .617% U3O8 have been returned from outcrop rock samples over an 800 m strike length on Opinica North. The eastern side of the zone is open several kilometres along strike and will have to be prospected. The Opinaca North property (685 claims totalling 340 sq. kilometres) is owned in partnership with Sirios. Dios may earn a 50% interest by investing $1.35 M over a 5 year period.  Dios pays the full cost of drilling.

Everton (Dominic and Manuel)

Two drill holes for 270 meters were recently drilled at the Dominic showing on the Opinica Block B property. Also a four hole 419-meter drill program was completed at the Manuel showing area (12.01 g/t Au over 4.6 meters in channel sampling) on the Wildcat 5 property.  Assay results from the drill program should be received this week.  The Dominic showing is very close the the border of SOI's j/v with Golden Valley.  The Manuel showing has great potential and its eastern strike likely continues across the SOI property.  This appears to be EVR's best target and I'm expecting positive results from Manuel.  Everton stock is very cheap now and will double on good news.

Eastmain (Eleonore South)

A first-phase drill program has been completed to test the JT Target area and a few priority targets elsewhere on the property. Sixteen drill holes were completed for a total of 3,129 metres. The drilling at Éléonore South has intersected altered and mineralized sediments in the JT Target area and elsewhere, confirming that the mine sequence extends onto the property. Assay results from the drill program should be received this week.  The JT showing is less than 300 meters from the SOI/GZZ joint venture. The highest gold in soil anomalies are on the boundary.  Good news from ER's drilling will prompt GZZ to seriously look at a drill program on their side of the border before the summer is over.

With those three pending programs/results coupled with the recent high grade (Jewelry-Box) gold found at Aquilon (SOI/GOG 50-50 joint venture) as well as a pending drill program at 100% owned SOI's Tilly property in August, Sirios is going to be in a position to triple in share price in the next 60 days.  Should be a double this week if Eleonore South proves good results.

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