Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable...
Transcript of Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable...
Cheechoo Gold discovery
DOMINIQUE DOUCET, ENG., PRESIDENT
EEYOU ISTCHEE, BAIE JAMES, QUÉBEC, CANADA
NEW ORLEANS INVESTMENT CONFERENCE 2016
S IR IOSTSX-V : SOI
Caution regarding forward-looking information
This document contains forward-looking statements, which reflect the current expectations of the Company withrespect to future events. To the extent that any statements in this document contain information that is nothistorical, these statements are essentially looking statements and can often be identified by the use of wordssuch as "expect", "anticipate", "estimate", “project", "intend", "plan", and "believe".
Forward-looking statements underlie risks, uncertainties and other factors that could cause actual results to differfrom those expressed or implied by such forward-looking statements. There are several factors that could causesuch differences, including volatility and sensitivity to metal prices on the market, the impact of changes in thelevel of exchange rates of foreign currencies and interest rates, imprecision of reserve estimates, environmentalrisks including increased regulatory restrictions, unexpected geological conditions, adverse mining conditions,regulatory changes and government policies, including laws and policies, and the inability to obtain necessary
permits and approvals from government authorities, and other risks associated with the development andoperation.
Although the Company believes that the assumptions underlie in the forward-looking statements are reasonable,they should not unduly relied due to they apply only as of the date of this document. The Company disclaims anyintention or obligation to update or revise any forward-looking statements, whether they should or should not berevised because of new information, future events or otherwise, unless required by applicable securities laws.
TSX-VSOI
► Founded and managed by its founder
► Searches for world-class gold deposits
► Centralizes its activities in Eeyou Istchee James Bay, Quebec, Canada
► Generates its own exploration projects
Sirios Ressources inc.TSX-VSOI
Frédéric Sahyouni, B. Com., CFO
Dominique Doucet, Eng., President-Founder, CEO, Director
Michel Bouchard, MSc., Geo., Director, (Clifton Star, Bouchard-Hébert discovery, Qc, Canada)
Luc Cloutier, businessman, Director
Guy Chevrette, ex-Quebec minister, consultant, Director
Gilles Dupuis, investigator, at Ordre des ingénieurs du Québec, Director
Roger Doucet, Mining exploration technical advisor, (Bousquet 1, Doyon gold discoveries , Qc, Canada; Creston Mascota in Mexico)
Philippe Allard, MSc., Geo
Jordi Turcotte, MSc., Geo.; Guillaume Doucet, BSc.
Éliane Tremblay Paradis, CFA, accountant intern
Peter Kong, BAA, administrative assistant
The Sirios TeamTSX-VSOI
60 M$ Market Cap
104 M Issued Common shares
15 M Warrants @ 0.24$*
5 M Options @ 0.16$*
124 M fully diluted
Working Capital : 3.5 M$
Shares distribution
16% directors and friends
43% Funds, Goldcorp, Osisko and Golden Valley Mines
* average strike price
CapitalizationTSX-VSOI
Cheechoo Gold ProjectTSX-VSOI
Eeyou Istchee James Bay, Qc, Can.TSX-VSOI
Cheechoo Claims BlockTSX-VSOI
Less than 15 km from Cheechoo
Virginia’s Discovery in 2004
Construction: $2.1 Billions
Production started in 2015
7,000 t/day (full capacity in 2018)
up to 600,000 oz/year
15 years minimum
Infrastructure
Roads, Cellular tower
Power line, Air strip, lodging
Eleonore Gold Mine (Goldcorp Inc.)TSX-VSOI
History of the project
2004: Claims staked by Sirios (Eleonore discovery staking rush)
2005-09: Farm out to Golden Valley that spent 4M$ for 60%, no
significant find
2010: Sirios samples up to 2,6 g/t Au; Au-As-W anomalies in soil
2012: New deal signed : Sirios to regain full ownership
2012-14: Geophysics (mag survey, I.P.); 19 ddh (3,246 m); channel sampling
2015-2016: Three-year plan started; 37 ddh (6,394 m)
2016: 10,000 m summer-fall diamond drilling program started, 27
ddh (6,930 m) completed, results pending; balance of 3,000 m to be completed in December
TSX-VSOI
Hosts
Tonalite intrusion in meta-
sedimentary rocks, pegmatite
Meta-sedimentary rocks
Silicification
Alteration ( diopside, albite, chlorite)
Presence of tourmaline
Po, Aspy, Py (≤ 1-2%)
Quartz-feldspar Veinlets mm- cm
Gold MineralizationTSX-VSOI
Éléonore mine
Stripping on a strong till
gold anomaly
Main stripping
Drill on hole#52 site
Cheechoo-Eleonore TrendTSX-VSOI
TSX-VSOI3D ModelMineralized zonesZone I Long Section
CheechooJordiI2I K L
TSX-VSOI
2.59 m @ 10.3 g/t
3.62 m @ 41.5 g/t
6.25 m @ 5.9 g/t
CH16-053 2.59 m @ 7.8 g/t
VG
100 m
3.50 m @ 7.4 g/t
8.80 m @ 5.9 g/t
TSX-VSOI
100 m
6.61 m @ 13.1 g/t
3.96 m @ 12.8 g/t
4.41 m @ 8.7 g/t
4.09 m @ 37.2 g/t
VG
VG
CH14-020 3.80 m @ 19.7 g/t
TSX-VSOI
Tonalite meta-sediment contact
20.30 m @ 12.1 g/t
Zone L (CH16-052)
Objectives of Cheechoo
Establish the Cheechoo geological discovery
into an economic discovery and,
Establish the financial feasibility in order to
decide to move into production phase or
consider other options
TSX-VSOI
TSX-VSOIExploration potential
2 km
Results allow us to target high grade underground or open pit minable
deposit,
Very low exploration cost, due to availability new established infrastructure,
thanks to Goldcorp, a good neighbor,
High gravity gold recovery,
Solid support from long-term shareholders,
Located in a very favorable mining jurisdiction,
Continuous drilling program in 2016-17 focusing on high grade gold structures.
Sirios, a serious investmentTSX-VSOI
Ressources Sirios inc. 1000 St Antoine Ouest
Bureau 415
Montréal, QC , Canada
H3C 3R7
Telephone : 514 510 7961
TSX-V : SOI
www.sirios.com
S IR IOS
Thank you
TSX-V : SOI
2016 Discovery of the Year
Quebec Mining Exploration Association