Sirios Resources Inc V.SOI

Alternate Symbol(s): SIREF

Metals & Mining Gold

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).

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Sirios Resources Inc

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Post by Althymon Jan 27, 2020 2:16pm

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Post# 30604567

43-101 on SEDAR

The 43-101 is available on SEDAR

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00003759

Some key sections:

From Section: 1.10 Interpretation and Conclusions

" It is likely that further diamond drilling would upgrade most of the inferred resources to indicated resources.

The exploration potential remains high at the property scale, justifying compilation and target generation programs;

The potential is high for adding additional resources to the Project by drilling lateral extensions to the west;

It is likely that drilling additional holes, therefore improving the current drill spacing, would translate into upgrading Inferred resources to the Indicated category."

From Section: 1.11Recommendations

Phase 1:
Complete additional metallurgical testwork;

Exploration drilling (5,000 m);

Complete a Preliminary Economic Assessment (PEA)report.

Phase 2:

Conversion drilling (15,000 m) should be done at a drill spacing of about 50m, or smaller, in order to further delineate the geological and resources model;

Exploration drilling (20,000 m) should be done to continue investigating any potential lateral extensions of the currently identified mineral resources as well as other target on the Property;

A bulk sample is recommended on the Project in order to improve the understanding of the grade distribution for further mineral resource estimate updates;

Implement a geotechnical field program to complement existing information.

From Section 25.7 Exploration Potential

Following an overall review of all pertinent information, including the MRE, BBA concluded the following:

The exploration potential remains high at the property scale, justifying compilation and target generation programs;

The potential is high for adding additional resources to the Project by drilling lateral extensions to the west;

It is likely that drilling additional holes, therefore improving the current drill spacing, would translate into upgrading Inferred resources to the Indicated category

Pitshell not limited by claim boundaries:
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