The best gold opportunities in Quebec lie in the James Bay region thanks to this Canadian-based exploration company

The province of Quebec is Canada’s second-largest producer of gold, second only behind Ontario. Combined, the two provinces together contribute to over 70 per cent of the country’s gold production. [Open in your browser]( [Stockhouse.com]( [Investor Alert] [The best gold opportunities in Quebec lie in the James Bay region thanks to this Canadian-based exploration company] The best gold opportunities in Quebec lie in the James Bay region thanks to this Canadian-based exploration company --------------------------------------------------------------- [Visit the company website]( [Facebook]( [Twitter]( best gold opportunities in Quebec lie in the James Bay region thanks to this Canadian-based exploration company) [LinkedIn]( [Email](mailto:?subject=The best gold opportunities in Quebec lie in the James Bay region thanks to this Canadian-based exploration company&body= Jocelyn Aspa | The Market Herald The province of Quebec is Canada's second-largest producer of gold, second only behind Ontario. Combined, the two provinces together contribute to over 70 per cent of the country's gold production. In other words, what that means not only are they rich in gold but that companies in the space are actively pursuing opportunities across Ontario and Quebec. Quebec alone produces roughly 33 per cent of Canada's gold production, with most of it coming from the Abitibi Gold Belt, which stretches east from Val d'Or Quebec to Ontario's border to Timmins and Kirkland Lake, also in Ontario. An emerging region in Quebec for gold exploration and mining is the Eeyou Istchee James Bay district, located in the mid-northern part of the province and is rich in resources, including gold. Meet Sirios Resources Inc. ([TSXV:SOI]( [Forum]( a Canadian exploration company that owns a range of projects in the area, including Cheechoo, Aquilon, Niska, Tilly 2, Li52, Maskwa and Pontax, all with high potential in gold and lithium [SEE COMPANY PROFILE]( The Cheechoo Project Located 15 kilometres from Newmont Corp.'s (TSX:NGT) Eleonore gold mine in the Eeyou Istchee James Bay region of Quebec, The Cheechoo property is composed of three blocks of non-contiguous claims comprising 300 claims for a total area of 157 km2. Doucet said the project was awarded AEMQ's Discovery of the Year in 2016 and was a purely grassroots, unexplored area which led to the discovery of a significant deposit. "[The company] did the initial discovery a few years ago and then produced a second update to the resource estimate on the property in December 2022," he said. Highlights [from the resourc]( estimate include the following: - Indicated Resources of 1,404,000 ounces of gold (Au oz) contained in 46.3 million of tonnes (Mt) at a 0.94 gram of gold per tonne average grade (Au g/t); - Inferred Resources of 494,000 ounces of gold (Au oz) contained in 21.1 million of tonnes (Mt) at a 0.73 gram of gold per tonne average grade (Au g/t). Meanwhile, exploration done on the property has amounted to 76,713 meters of drilling in 329 holes and 3,217 meters of channel sampling. The main gold area has been drilled with 50 meters of spacing. In order to collect structural data, downhole logging surveys have been done on 57 holes. Figure 1 Plan view of the 2022 conceptual pit shell (contour in black). [Sirios Resources] is always improving the size and the quality of the deposit," Doucet said, adding that the company has done all the necessary metallurgical testing that is needed. Metallurgical testing results include: - Gold recovery of up to 97.1 per cent, including up to 88% gravity recovery - Free gold, often coarse - Potential for flotation of the gravity process' tailings - Low-polluting (< 0.2 per cent sulphides in the tailings) In terms of mineralization, work to date has shown that the mineralization spans over 1,400 meters along the tonalite/meta-sediments contact and goes up to 500 meters inside the intrusion. Gold mineralization has also been tested down to 650 meters below the surface, while exploration work to the west of the main area shows that the mineralized envelope could extend to the west towards a region called Eclipse. Furthermore, in 2022, gold mineralization was discovered at surface in new trenches in the metasediments to the east and outside the tonalitic intrusion. Intervals of up to 2,65 g/t Au over 13 meters were reached in Trench B, including 10,9 g/t Au over 1 meter. Doucet mentioned that this new zone could lead toward a new and second gold deposit on the property, having more similarities with the Eleonore Newmont mine. Figure 2: Location of the three trenches completed in 2022 within the metasediments. Now that a mineral resource estimate has been updated, moving forward towards summer 2023, the company expects to complete additional trenching in the metasediments area. [INVESTOR UPDATES]( The Aquilon Project In addition to the Cheechoo Project, Sirios Resources is also focused on its advanced exploration Aquilon high-grade gold project. The project includes 140 claims spanning an area of 68 square kilometres. To date, 32 gold showings have been discovered, while some of the drill intercepts are among the highest grades taken in Quebec, including: - 12,906.5 g/t gold over 0.20 meters (Lingo showing) - 3,527.4 g/t gold over 0.40 meters (Moman showing) - 133.67 g/t gold over 0.82 meters (Fleur-de-Lys showing) The project is located in a large-scale fold hinge in a greenstone belt along the Wolf-Gold bearing corridor that features several gold showings. The Aquilon project also has easy year-round access. Notably, lode gold mineralization occurs along the Wolf Gold-bearing Corridor, while the Lingo-3 West, Fleur-de-Lys, Moman and Red Toad showings are situated along the corridor. These form shallow plunging and ore shoots with a north-northeast orientation. The Nouska, Isabelle, Moscovite Ouest, Lingo Sud, Lingo-3 East, Grenouille 1 and Grenouille 2 potentially form similar structurally oriented ore shoots. As of June 2022, the company completed a Phase 1 relogging program at Aquilon, which included a comprehensive and standardized description of the historical drill core. This will allow for new 3D modelling to be done, which will include structural data that was collected in 2021. This update is one of the first stages of a systematic exploration program the company will carry through until 2024. In December 2022, [the company]( signed a $14.8 million option agreement with Sumitomo Metal Mining Canada Ltd. for the Aquilon project, where Sumitomo is granted an option to acquire up to an 80 per cent interest in the project. Once Sumitomo has earned its 80 per cent interest, the company and Sumitomo will form a joint venture regarding the project. "We believe that this property is very prospective and remains underexplored considering the variety of favourable geological contexts in which numerous high-grade gold showings have been discovered," Doucet said in a press release. "We rank Aquilon as a high-priority project for Sirios, and we look forward to advancing the project with our partner having the financial and technical capacities to develop the numerous discoveries into an important mining project." Doucet told The Market Herald Canada that exploration is now in progress, with Sirios acting as an operator on the project with a budget of roughly $700,000 for this winter season. He added that the company has a program in place for the entire year, with a main goal of having the property ready to be drilled by the end of 2023. Sirios Resources identifies lithium projects In January 2023, [the company announced]( it had completed an in-depth evaluation of the lithium potential of its projects in the James Bay region. The company said in a press release that four of its projects have been identified as very promising for hosting lithium as a result of their geological characteristics. None of Sirios' projects have previously been explored specifically for lithium. Figure 3: Location of Sirios projects in relation to lithium deposits and discoveries. Highlights include: - Mineral prospects favorable to the presence of lithium mineralization have been identified on the Cheechoo property. - The Pontax property is located less than one kilometer from and directly on strike of the Stria Lithium and Cygnus Gold lithium-bearing pegmatite swarm, which is currently the subject of a major drilling program. - Significant geochemical lithium bottom lake sediment anomalies have been identified on the Maskwa property in addition to positive gold and tungsten till anomalies.. - The Li-52 property is the newestSirios project, primarily targeting lithium based on highlighted lithium-rich lake-bottom sediment anomalies. This porperty was recently enlarged to 507 claims covering up to 252 square kilometers. The investment corner As of the time of this writing, Sirios Resources has a market cap of $18.78 million and 268.33 million shares outstanding. With its focus in the Eeyou Istchee James Bay district, Sirios Resources is no doubt a pioneer in the region thanks to its portfolio of significant gold deposits. Now that the company has made some impressive gold discoveries and controls high-potential lithium properties, Sirios Resources is on its way to becoming a unique investment opportunity. As Sirios Resources continues to advance the Cheechoo and Aquilon project while exploring for lithium, investors will have plenty of activity to look forward to well into 2023 and beyond. [VIEW COMPANY WEBSITE]( DISCLOSURE: This is a paid article by The Market Herald. The Information in a Stockhouse Publishing Ltd. Stockhouse Alert is a paid advertisement and is for the viewers information only. 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