Sirios Resources Inc.
SOI UpdatedSirios Resources Inc. explores for and evaluates mineral resources in Canada. The company primarily explores for gold and silver deposits. Its flagship project is the Cheechoo gold project that consists of three blocks of non-contiguous claims comprising 225 claims covering an area of 118 square kilometers in Quebec. The company was incorporated in 1994 and is based in Montreal, Canada.
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P/E ÷ growth
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Key Information
Legal Entity
Sirios Resources Inc.
Sector
Precious Metal
Founded
August 6, 1996
Reporting Currency
CAD
Contact Phone
450-482-0603
Headquarters Address
1000, St-Antoine West , Montreal , QC H3C 3R7 , CA
Identifiers
ISIN
CA8299085081Commodity Portfolio
Stock Exchanges
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Videos
Sirios Resources ($SOI | $SIREF) CEO on Growing the Cheechoo Project’s Gold Resource
Key Highlights
detailed- Sirios is repositioning Cheechoo from explorer to developer: Lepage argues the ~3M oz resource (1.3M indicated + 1.7M inferred) at roughly 2 g/t and a 2.9:1 strip ratio gives mine-quality economics, with phase-1 drilling of 20-25,000m underway to grow the resource before end of 2026 and a PEA targeted for Q2 2027.
- He frames an additional 1.2-1.8M oz exploration target (31-40Mt at 1.27-1.45 g/t, per the 2025 43-101) sitting inside or just below the current pit as risk-adjusted upside that expansion drilling is converting into the resource.
- Roughly 90% of time and capital goes to Cheechoo; Sirios is also advancing Aquiline (Sumitomo JV, with both narrow high-grade and wide lower-grade intercepts) and Plex/Orfade (historical 125,000 oz resource, dormant ~10 years, with fieldwork planned early 2027) as secondary growth options.
- Operationally, Sirios has upgraded access road in 2025, expanded the camp to 444 rooms and is running four drills on site as it transitions toward development.
- On valuation, Lepage puts the market cap near C$130M and value per ounce near US$25/oz, arguing the upcoming PEA, drilling news and conversion of ounces into a mine plan should rerate the stock.
Sirios Resources is drilling 20-25,000 meters at its 3 million ounce Cheechoo gold project in James Bay to expand resources by year-end. A preliminary economic assessment (PEA — the first formal study of a project's potential economics) is targeted for Q2 2027 once the resource is updated. Cheechoo hosts ~3M ounces (1.3M indicated plus 1.7M inferred) at over 1 gram per tonne with a 2.9 to 1 strip ratio, a quality combination for open-pit economics. Lepage argues Cheechoo trades around $25 per ounce versus a $130M Canadian market cap, implying re-rating potential as the PEA converts inferred ounces into a mine plan. Quebec's Cree Nation territory and a streamlined joint provincial-federal permitting process support development, with relations already in place.
Christopher Aaron – 45-Year Breakout In Silver To New ATHs, And Breakdown In The DOW To Gold Ratio
Key Highlights
detailed- The guest highlights that Sirios Resources tripled in three weeks, after the company had been ignored through the entire prior leg of the gold rally.
- Sirios's flagship is the Cheechoo deposit in Quebec, described as 3 million ounces in a large open-pit style, with backing from Quebec government investment vehicles.
- Three weeks before the interview, Sean Roosen of Osisko Development joined the Sirios board and the company announced a merger with an Osisko Development subsidiary holding nearby assets.
- The guest notes Sean Roosen built the Canadian Malartic mine, currently the largest producing gold mine in Canada, as the reason the appointment matters.
- The guest frames Cheechoo as sitting about 15 miles from the producing Eleanor mine, positioning Sirios as a value play trading at $5-$10 per ounce in the ground versus gold near $4,300.
Silver has broken a 45-year consolidation and could realistically reach $150-$250 within the next 1-5 years based on historical commodity breakouts. The SIL-to-silver ratio sits near multi-decade lows — silver miners have not yet captured leverage, setting up a revaluation trade. Near-term, silver is in a descending triangle that could flush to the upper $50s if $70 support fails, offering a possible last entry. The Dow-to-Gold ratio has just broken its 45-year uptrend — the 'fourth turning' — with history suggesting a 5X gold revaluation toward $20,000. Junior miners have lagged the move so far; the historical trickle-down effect argues late-stage juniors with defined ounces could be the next to revalue.
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