{"id":32480,"date":"2023-05-10T10:00:39","date_gmt":"2023-05-10T09:00:39","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=32480"},"modified":"2023-05-12T13:59:19","modified_gmt":"2023-05-12T12:59:19","slug":"significant-gold-discoveries-lithium-prospects-quebec","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/significant-gold-discoveries-lithium-prospects-quebec\/32480\/","title":{"rendered":"Significant gold discoveries and lithium prospects in Qu\u00e9bec"},"content":{"rendered":"

Sirios Resources has been an active player in Qu\u00e9bec for decades with significant gold discoveries, including the Cheechoo project, and promising prospects for lithium.<\/h2>\n

Qu\u00e9bec is one of the world\u2019s top mining-friendly jurisdictions<\/a> and the second-largest gold producer in Canada, following Ontario. Together, these two provinces account for more than 70% of the country\u2019s gold output. This indicates that companies in the gold mining sector are actively seeking opportunities in both regions due to their abundant resources.<\/p>\n

Qu\u00e9bec alone contributes around a third of Canada\u2019s gold production, with the majority originating from the Abitibi Gold Belt that stretches from Val d\u2019Or, Qu\u00e9bec, to Timmins and Kirkland Lake in Ontario. Additionally, the Eeyou Istchee James Bay (IEJB) district, situated in the mid-northern part of Qu\u00e9bec, is an emerging area for gold and critical metals exploration and mining due to its rich geological diversity.<\/p>\n

A brief history of Sirios<\/h3>\n

Sirios (TSX-V: SOI) was created in 1994 and has since been led by the founding CEO, Dominique Doucet. Doucet holds a degree in geological engineering from the \u00c9cole Polytechnique de Montr\u00e9al. His primary goal was, and is still, to explore the otherwise unexplored region of IEJB in Northern Qu\u00e9bec, leading Sirios to become a pioneering company in that region owing to its untapped potential in precious, base, and critical metals.<\/p>\n

\"Gold<\/p>\n

Doucet and his team were awarded the Discovery of the Year Award in 2001 and 2016 by the Qu\u00e9bec Mineral Exploration Association for significant gold discoveries made in IEJB. Dominique was also Co-Founder and Director of Dios Exploration Inc. and Khalkos Exploration between 2001 and 2011 and has actively been involved in the mining industry for more than four decades.<\/p>\n

Today, Sirios Resources holds great opportunity for those looking for promising gold and lithium investments. The company has a strong shareholder base, including the world\u2019s largest gold producer, Newmont Corporation \u2013 its main shareholder, which owns 12% of Sirios.<\/p>\n

Cheechoo project<\/h3>\n

The Cheechoo property, owned entirely by Sirios, is located 320km north of Matagami, IEJB, less than 12km of the Eleonore gold mine operated by Newmont. It is composed of three non-contiguous blocks for a total of 300 claims covering an area of 157km2<\/sup>.<\/p>\n

Prior to Sirios acquiring its first claims in 2004, Cheechoo was an unexplored area. Years of fieldwork then led to significant gold discoveries, allowing Sirios to win the Discovery of the Year Award for the project in 2016 by the Qu\u00e9bec Mineral Exploration Association.<\/p>\n

In 2022, Sirios updated its resource estimate on Cheechoo<\/a> thanks to the consulting firms BBA Inc. and PLR Resources Inc. The gold project now boasts:<\/p>\n