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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 Althymon Feb 20, 2020 8:36am
229 Views
Post# 30711941

RE:Radiation mine Éléonore

RE:Radiation mine Éléonorehttps://www.lapresse.ca/affaires/entreprises/202002/19/01-5261660-eleonore-perd-17-million-donces-dor.php

Les reserves et les ressources totales s’levent 2,25 millions d’onces.

Cette mine, qui a necessite des investissements de plus de 2 milliards US pour atteindre le stade de l’exploitation, a dorenavant 1,28 million d’onces de rserves et 0,99 million d’onces de ressources.

Cette revision se traduira aussi par un raccourcissement de la duree de vie de la mine. A son inauguration en 2015, la mine devait vivre jusqu’en 2030. Avec des reserves et des ressources de 2,25 millions d’onces, le gisement sera tari en 2026 si la production annuelle se maintient 350 000 onces.

Il faut dire qu’il y a un bon potentiel autour de ce gisement et que le Qubec est une juridiction sure. Le prix de l’or aide certainement ce type d’exploitation souterraine en milieu isole.

Dans de nombreuses mines, fait remarquer le professeur Jebrak, les gologues trouvent chaque annee de nouvelles rserves. C’est ce que fera Newmont, bien sur.

So basically, NGC will have to find new resource before 2026. NGC will have to make a decision in 1-2 years in my opinion to keep the mine running ...


So contrary to what the Basher said, gold price is up (probably going above $2000 in 1-2 years) and NGC will have to add additional resources for eleonore very soon ... what a surprise !
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