EXPLORATION & DEVELOPMENT

Sirios gains on high-grade results at Cheechoo

Goldcorp-backed explorer confirms Eclipse zone

Staff reporter
 Goldcorp-backed explorer aims for resource estimate at Cheechoo

Goldcorp-backed explorer aims for resource estimate at Cheechoo

Cheechoo lies within 10km of Goldcorp's Éléonore mine in Quebec's Eeyou Istchee James Bay region.

Sirios recently upgraded the camp at its flagship property and added a third drill rig to the programme earlier this month, to accelerate drilling as it aims for a resource estimate in the second quarter.

It said 31 holes and 6,550m had been completed of the expected 10,000m campaign.

Other highlights from the Eclipse zone included 3.5m at 17.6g/t from 137.5m and 1.4m at 45.9g/t from 27.9m.

Sirios interprets Eclipse as the depth extension of the high-grade vein systems of the Moni surface showing on the neighbouring Eastmain Resources-operated Eleonore South joint venture property.

Sirios raised C$2.54 million (US$1.9 million) in a flow-through placement at 22c per share in November.

Goldcorp holds 15% of Sirios.

Sirios shares gained 10.87% yesterday to 25.5c, towards the upper end of its 52-week range of 12-29.5c, capitalising it at $38 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.