Pontax project

This 89 claims gold property, covering approximately 45 km² is located approximately 350 km north of Matagami. The project aims to discover the diamond and metal potential in this previously unexplored area.

The project's purpose is to test the potential for different metals in a previously unexplored region.

Target(s): Silver, Gold Number of claims: 77
Participation: 100% Approx. area: 38 km2

Fieldwork and Geology

In 2006, Sirios discovered a silver-zinc mineralized zone that assayed several kilograms of silver per tonne at some places. The mineralized zone is exposed on surface over 50 m and, in 2007, was intersected by seven drill holes over a length of 200 m. Vertical depth of the zone is at least 100 m and the observed thickness in drill holes (true width not known) is between 1 and 10 m with an average of 3.2 m; the metals weighed averages are 94 g/t Ag, 0.59 % Zn, 0.18 % Cu, 0.22 g/t Au and 0.11 % Pb. The zone is comprised within altered felsic volcanic rocks over a thickness of several tens of meters and is open at depth and laterally to the south-west. Drilling and channel sampling results include: Channel sampling and drilling results include: 821 g/t Ag, 1.31 g/t Au over 4.4 m. incl. 3,343 g/t Ag; 5.4 g/t Au; 2.3 % Pb and 0.6 % Zn over 1.04 m.

Till sampling, litho-geochemistry as well as prospecting were done on some targeted areas of the property. In a 2010 prospecting campaign, a new 10 sq km sector was delineated which hosts a gold bearing centrimetric vein (up to 30 cm in width) with a first sample grading 11.6 g/t in gold and 42.7 g/t in silver. Seven additional samples taken on from this vein, which outcrops over a 60-metre length, graded between 0.5 g/t and 26.1 g/t in gold averaging 9.5 g/t and between 0.5 g/t and 87.0 g/t in silver with an averaging 24.5 g/t. Furthermore, two outcrops hosting pluri-metric quartz veins, veinlets and quartz stockworks were discovered. In each location, a main pluri-metric quartz vein is bordered by a quartz veinlets stockwork zone over an additional ten metres or so. Fifteen samples from these zones graded between nil and 0.3 g/t in gold and between nil and 3.3 g/t in silver. These outcrops, 230 meters apart, are themselves located 3.7 km away from the first gold bearing vein described above. All these veins seem to be part of the same structural system associated to a fault trending northwesterly.

About fifteen silver and gold potential drilling targets were delineated on the property. A ground access is available through a winter road connecting to the Matagami-Radisson paved road.

Agreement

The property is wholly-owned by the company.

Discovering gold from prospecting to exploration.
Sirios generates and manages its mining exploration projects by working closely with its partners, fully respecting communities and the environment, as well as utilizing the latest advanced technologies.