Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Sirios Resources (SOI) reported an updated resource estimate for the Cheechoo project
  • The company noted that the deposit now includes 74 per cent of the gold ounces classified as indicated resources
  • The gold grade of these indicated resources also shows an increase of 45 per cent over the 2020 estimate
  • President and CEO Dominique Doucet sat down with Daniella Atkinson to discuss the news
  • Sirios Resources Inc. (SOI) opened trading at C$0.055 per share

Sirios Resources (SOI) reported an updated resource estimate for the Cheechoo project.

The company noted that the deposit now includes 74 per cent of the gold ounces classified as indicated resources. The gold grade of these indicated resources also shows an increase of 45 per cent over the 2020 resources. This estimate includes the presence of indicated resources for the first time.

The updated resource estimate is based on an open pit development model that includes indicated resource of 1.4 million ounces of gold contained in 46.3 million tonnes at an average grade of 0.94 g/t Au and an inferred resource of 0.5 million ounces of gold contained in 21.1 million tonnes at an average grade of 0.73 g/t Au.

Source: Sirios Resources Inc.

The company was able to refine the geological modelling and improve the structural understanding of the high-grade zones and refine several interpolation parameters with optimized recovery rates and increase the average grade of the resource.

Sirios’ President and CEO, Dominique Doucet, sat down with Daniella Atkinson to discuss the news.

Sirios Resources Inc. is a pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay, Quebec, focusing primarily on its Cheechoo gold discovery while actively exploring the gold potential of its other properties.

Sirios Resources Inc. (SOI) opened trading at C$0.055 per share.


More From The Market Herald

" VRIC 2023: Canada’s largest mining conference returns amid commodity resurgence

Later this month, the Vancouver Resource Investment Conference (VRIC) will gather over 300 junior mining companies, over 100 expert speakers and over 5,000...

" Mining investors rejoice! VRIC 2023 fast approaches

Less than one week from today, the Vancouver Resource Investment Conference (VRIC) will showcase over 300 of the most prominent companies in the

" Stelmine (TSXV:STH) confirms surface mineralization at the Meridian Gold Zone

Stelmine (STH) released the results of 1,950 metres of drilling from 13 holes in the Meridian Zone of the Mercator property, located in

" Seahawk Gold Corp. (CSE:SEAG) provides exploration update

Seahawk Gold Corp. (SEAG) has provided an update on recent exploration work on its Touchdown and Blitz Properties.