Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable...

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Cheechoo Gold discovery DOMINIQUE DOUCET, ENG., PRESIDENT EEYOU ISTCHEE, BAIE JAMES, QUÉBEC, CANADA NEW ORLEANS INVESTMENT CONFERENCE 2016 SIRIOS TSX - V : SOI

Transcript of Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable...

Page 1: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

Cheechoo Gold discovery

DOMINIQUE DOUCET, ENG., PRESIDENT

EEYOU ISTCHEE, BAIE JAMES, QUÉBEC, CANADA

NEW ORLEANS INVESTMENT CONFERENCE 2016

S IR IOSTSX-V : SOI

Page 2: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

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

Page 3: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

► 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

Page 4: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

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

Page 5: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

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

Page 6: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

Cheechoo Gold ProjectTSX-VSOI

Page 7: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

Eeyou Istchee James Bay, Qc, Can.TSX-VSOI

Page 8: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

Cheechoo Claims BlockTSX-VSOI

Page 9: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

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

Page 10: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

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

Page 11: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

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

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Éléonore mine

Stripping on a strong till

gold anomaly

Main stripping

Drill on hole#52 site

Cheechoo-Eleonore TrendTSX-VSOI

Page 13: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

TSX-VSOI3D ModelMineralized zonesZone I Long Section

CheechooJordiI2I K L

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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

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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

Page 16: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

TSX-VSOI

Tonalite meta-sediment contact

20.30 m @ 12.1 g/t

Zone L (CH16-052)

Page 17: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

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

Page 18: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

TSX-VSOIExploration potential

2 km

Page 19: Cheechoo Gold discovery · Results allow us to target high grade underground or open pit minable deposit, Very low exploration cost, due to availability new established infrastructure,

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

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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