Sirios Resources’ Cheechoo project in the Eeyou Istchee James Bay region of Quebec. Credit: Sirios Resources
An update for Sirios Resources’ (TSXV: SOI) Cheechoo gold project in western Quebec raises the open-pit indicated grade by almost 20% and the inferred grade by almost 40%, while almost tripling inferred ounces. Shares rose.
Indicated resources now total 34.9 million tonnes grading 1.12 grams gold per tonne for 1.3 million oz. a 19% increase in the open-pit grade over the 2022 resource, Sirios reported Thursday. Pit-constrained inferred resources come to 38.2 million tonnes at 1.01 grams gold for 1.24 million oz., a 38% rise in grade.
Including the stope-constrained estimate, inferred resources now total 42.7 million tonnes at 1.23 grams gold for 1.68 million ounces. Cheechoo is near private miner Dhilmar’s Éléonore gold operation, about 1,250 km north of Montreal.
“The substantial…
