| Symbol: | SOI (TSX-V) |
|---|---|
| Last Trade: | 0.025 |
| Change: | 0.00 (0%) |
1000 St-Antoine Ouest, suite 711
Montréal (Québec)
Canada H3C 3R7
Phone: 514-510-7961
Fax: 514-510-7964
| Target(s): | Gold | Number of claims: | 306 |
|---|---|---|---|
| Participation: | 40% SOI, 60% GZZ | Approx. area: | 153 km2 |
Description
The Cheechoo project is comprised of the Cheechoo and consists of 306 claims covering 16,000 hectares (40,000 acres) in three distinct blocks with two of them adjoining the Eleonore gold deposit owned by Goldcorp. The Sharks gold property consists of 271 claims for a total of 14,000 hectares (35,000 acres). It is located approximately 3 km east of the main Goldcorp Eleonore property, approximately 13 km east of the discovery area which is itself located 320 km north of Matagami (Qc).
Fieldwork and Geology
In 2010, Sirios discovered several showings reaching up to 2.6 g/t in gold during the prospecting campaign which was completed on a targeted region of the Cheechoo property in James Bay, Quebec. From a total of 161 chosen grab samples, 35 samples yielded between 0.1 g/t and 2.6 g/t in gold, which include twenty samples between 0.1 and 0.5 g/t, seven between 0.5 and 2.0 g/t and eight between 1 g/t and 2.6 g/t.
Most of these gold showings coincide with a sector that demonstrated gold, arsenic and tungsten anomalies that were detected in the soil (humus) during last summer's geochemical campaign. The results of the soil anomalies are preliminary results, more results as well as their interpretation will follow shortly.
All 161 samples were collected in a region of 10 sq km, adjoining the Eleonore South property currently held and explored by Opinaca Mines, Eastmain, and Azimut. The region is located at around 10 km southeast of the future Eleonore gold mine, which is currently being built by Les Mines Opinica Ltée, a subsidiary of Goldcorp Inc.
More than 75% of the gold samples are located within a 2.5 sq km area. Around 72% of the samples come from outcrops whereas the remaining comes from boulders. Most of the gold showings are found in altered silicified tonalites (granitic rock) and includes tourmaline with slightly mineralized arsenopyrite and pyrite. Generally, in the mineralized tonalite, we observe millimetric quartz veinlets that could form stockworks. According to Sirios geologists, this type of showing demonstrates an excellent potential for a possible large tonnage gold deposit.
Agreement
The Cheechoo project is a jointly held and explored by Sirios, who holds 40%, and Golden Valley Mines Ltd. who holds 60%.
Press Releases
All of Sirios' press releases are available in the the "press" section.
