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Bullboard - Stock Discussion Forum 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... see more

TSXV:SOI - Post Discussion

Sirios Resources Inc > Fury Gold’s definition of the Cheechoo deposit….interesting!
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Post by Hollingerboy on Apr 15, 2022 8:37am

Fury Gold’s definition of the Cheechoo deposit….interesting!

Project Geology

The late (2.61 billion-year-old) Cheechoo tonalite is interpreted to be a mushroom shaped intrusion with a 450 to 500 m thick, roughly tabular top having a shallow to moderate dip to the south along its southern contact and a moderate dip to the west along its western contact (JT Prospect area). The Contact Trend is interpreted to represent a decompression stockwork zone close to the top of the intrusion. This mineralized zone may extend downwards, parallel to, and below, the contact with the overlying metasedimentary country rocks.

Numerous indicators suggest this tonalite-hosted corridor corresponds to a large-scale late-magmatic hydrothermal system. These include the presence of local hydrothermal breccia, sheeted veins, extensive and significant intervals of pervasive silicification and albite alteration. Variable amounts of biotite, albite and actinolite alteration along with low levels of disseminated pyrite (py), pyrrhotite (po) and arsenopyrite (aspy) are also present. This type of alteration and sulphide mineralization correlate to results reported by Sirios nearby in the Cheechoo tonalite. Gold commonly occurs as small discrete visible gold grains.

 

Comment by william_ on Apr 15, 2022 8:58am
Interesting.  And indirectely, they are working together but we do not see any progression from the others as Cheecho area it is not their top priority.  Now it is too late for SOI to prioritized Aquilon as we are missing cash and to do so we will need to dilute more.  Eventualy we will need cash to pay the overhead expenses.  So more dilution to come.  Since 2016 we are ...more  
Comment by Borealiste on Apr 15, 2022 10:01am
En effet William. AZM et  Fury leur  projet phare respectif est ailleur, d'ailleur gerer cette propriete a 3 ne doit pas etre si simple.  Aquilon jadis n'tait pas non plus le centre d'interet du deuxieme proprietaire a l'poque, les 2 avaient en plus des visions differentes sur le developpement du projet, Vous pouvez le constater en relisant les anciennes ...more  
Comment by william_ on Apr 15, 2022 10:10am
Oui une entente mais a quel prix ?  Sirios a pas les moyens de diluer encore.  Mieux vaut abandonner que de diluer et qu'en toute fin le resultat sera sensiblement le meme soit rien.....
Comment by Borealiste on Apr 15, 2022 10:44am
ca passera pas par un achat, une entente peut etre un peu n importe quoi,,, il fait donner de quoi et recevoir ce qui nous est important -echange de te terrain equivalent,    eclispe par exemple -une redevance fix sellon un prorata des on de chaque cot -une nouvelle compagnie gerant le tout -etc
Comment by givemeabreak1 on Apr 15, 2022 10:23am
What they need to do is stop paying management fees until management accomplishes something.  Send DD packing and get someone in with more experience!
Comment by givemeabreak1 on Apr 15, 2022 10:28am
I know someone will say but he has 45 years experience how much more do you want!  Well simply I want someone with some real experience bringing projects to market not jus collecting management fees.  He has been running Sirios since what 1994 so 28 years of nada!  He also ran Dios for a number of years another dud.... 
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