Sirios Resources, Inc. · TSXV:SOI
Sirios Resources — Investor Presentation (September 2021)
53 slides from Sirios Resources's investor presentation, Sep 30, 2021
Slide 1: Advanced Exploration in James Bay, Quebec
ADVANCED EXPLORATION IN JAMES BAY, QUEBEC CORPORATE PRESENTATION / SEPTEMBER 2021 SIRIOS RESOURCES | TSX-V SOI
Slide 2: Caution Regarding Forward-Looking Statements
CAUTION REGARDING FORWARD-LOOKING STATEMENTS This document contains forward-looking statements, which adverse mining conditions, regulatory changes and reflect the current expectations of the Company as at the government policies, including laws and policies, and the date hereof with respect to futu
Slide 3: What Makes Sirios Unique
WHAT MAKES SIRIOS UNIQUE Sirios Resources is a Sirios is run by the same people since the company was founded. LEADERSHIP Canadian exploration company focused on developing its high- Our target is and has always been to find precious metals in Eeyou quality gold projects FOCUS Istchee James Bay. wit
Slide 4: Renowned Team with a Proven Track Record
RENOWNED TEAM WITH A PROVEN TRACK RECORD Dominique Doucet, P.Eng. Frédéric Sahyouni Gilles Dupuis Michel F. Bouchard, P.Geo. Founding President & CEO Chief Financial Officer Chairman of the Board Director Dominique Doucet has been active in the Frédéric Sahyouni, B. Comm., has been an Gilles Dupuis
Slide 5: Strong Shareholder Support
STRONG SHAREHOLDER SUPPORT Directors & Trustees World's largest gold mining 10% company Newmont World-class precious metals Vancouver-based Toronto-based fund 15% royalty company investment fund investing in Can. exploration Funds, Corporations 27% TSX-V Largest association of credit Major Québec go
Slide 6: Sirios' Stock Has Significant Upside Potential
SIRIOS’ STOCK HAS SIGNIFICANT UPSIDE POTENTIAL TSX-V SOI Share Price $0.095 Market Capitalization $19.2M Working Capital $4.7M Shares Outstanding 202.1M Warrants 15.1M Options 13.8M Fully Diluted 231.0M 52 Week Range $0.08 – 0.255 As of July 2, 2021 52 Week Stock Chart SIRIOS RESOURCES | TSX-V SOI 6
Slide 7: Our Projects
OUR PROJECTS s tR tos
Slide 8: Focus on the Underexplored Region of James Bay, QC
FOCUS ON THE UNDEREXPLORED REGION OF JAMES BAY, QC • Located in a world-famous AQUILON favorable mining Chisasibi Radisson jurisdiction (Quebec) La Grande-4 La Grande-3 • Multiple showings discovered on the properties SAKAMI • Excellent infrastructure Wemindji (roads, electricity) MASKWA ÉLÉONORE MI
Slide 9: Our High Potential Exploration Projects
OUR HIGH POTENTIAL EXPLORATION PROJECTS CHEECHOO Au AQUILON Au • 2.0 Moz Au Inferred resources • High potential exploration project (93.0 Mt @ 0.65 g/t Au) with multiple showings discovered • New resource estimate • New approach to be tested & PEA upcoming in 2022 PONTAX Ag-Zn MASKWA Au • Advanced s
Slide 10: Cheechoo
SIRIOS’ FLAGSHIP PROJECT CHEECHOO
Slide 11: Cheechoo: Major Gold Discovery Near Éléonore
CHEECHOO: MAJOR GOLD DISCOVERY NEAR ÉLÉONORE N ÉLÉONORE MINE ÉLÉONORE 15km CHEECHOO DEPOSIT CHEECHOO 5km CHEECHOO GOLD PROJECT | TSX-V SOI 11
Slide 12: Cheechoo: Major Gold Discovery Near Éléonore
CHEECHOO: MAJOR GOLD DISCOVERY NEAR ÉLÉONORE N • Discovered and fully owned by Sirios ÉLÉONORE • Easy access to infrastructures (road, airstrip, hydro-electricity) • AEMQ’s Discovery of the Year 2016 CHEECHOO 5km CHEECHOO GOLD PROJECT | TSX-V SOI 12
Slide 13: Cheechoo: 100% Owned Gold Property Near Éléonore
CHEECHOO: 100% OWNED GOLD PROPERTY NEAR ÉLÉONORE 1 Newmont’s Éléonore Gold Mine • In production since 2015 • Reserves (P & P) of 1.26 Moz2 (Dec. 2020) • Resources (M & I + I) of 0.44 + 0.46 Moz2 (Dec. 2020) Credit: La Presse Sirios’ Cheechoo Gold Project • Inferred Resources of 2.0 Moz3 (Oct. 2020)
Slide 14: Cheechoo: Mineral Resources
CHEECHOO: MINERAL RESOURCES PHOTO CREDIT: ROUILLIER DRILLING
Slide 15: More Than 70,000 m of Drilling, and Counting
MORE THAN 70,000 M OF DRILLING, AND COUNTING Drilling on the Cheechoo property Oct. 2020: 2.0 Moz Dec. 2019: Ongoing 70,000 1.6 Moz 60,000 50,000 Cumulative meters 40,000 30,000 20,000 10,000 0 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2012-2020: 295 holes (totalling 68,000 m) CHEECHOO GOLD
Slide 16: Multiple High-Grade Zones Within a Low-Grade Envelope
MULTIPLE HIGH-GRADE ZONES WITHIN A LOW-GRADE ENVELOPE A Vertical Section View B Plan View N Oct. 2020 MRE Conceptual Open Pit A ÉLÉONORE SUD (Fury/Newmont/Azimut) CHEECHOO (Sirios) Mineralized zones ≥ 1 g/t Au Mineralized zones ≥ 1 g/t Au 100m B 200m CHEECHOO GOLD PROJECT | TSX-V SOI 16
Slide 17: Two Million Ounces of Gold Delineated
TWO MILLION OUNCES OF GOLD DELINEATED Plan View Mineralized blocks higher than 2.0 Moz N the cut-off grade (0.25 g/t Au) 2019 MRE Conceptual Open Pit Inferred Gold Resources* 2020 MRE Update Conceptual Open Pit 93 Mt Tonnage* 0.65 g/t 200m Grade* *Official Mineral Resource Estimation: Inferred Resou
Slide 18: The Next Step…
THE NEXT STEP… CHEECHOO (Oct. 2020 MRE) Main gold-bearing area drilled to a 50 m spacing MINERAL RESOURCES Taking into account these factors: • mining; INFERRED INDICATED MEASURED • processing; • metallurgical; • environmental; • infrastructure; • market factors; • legal; MINERAL RESERVES • economic
Slide 19: Summer 2021 Drilling Program
SUMMER 2021 DRILLING PROGRAM N PLANNED DDH 200m CHEECHOO GOLD PROJECT | TSX-V SOI 19
Slide 20: Cheechoo: Metallurgical Tests
CHEECHOO: METALLURGICAL TESTS
Slide 21: Metallurgical Tests
METALLURGICAL TESTS GRAVITY + COLUMN CYANIDATION “Several gold processing options are being evaluated for LEACH the Cheechoo Project, including heap leach and conventional mill treatment.” Dominique Doucet, Founder and CEO of Sirios Conventional Mill Heap Leaching Recovery Recovery • Relatively simp
Slide 22: Metallurgical Tests Results: Gravity + Cyanidation
METALLURGICAL TESTS RESULTS GRAVITY + CYANIDATION Gold Recovery • Excellent gold recovery 96.6% 97.1% (up to 97.1%) 91.0% 15.2% 9.1% • Free gold, often coarse • Potential for flotation of the 34.5% gravity process’ tailings Cyanidation Gravity 81.4% • Low-polluting (< 0.2% sulfides 88.0% in the tail
Slide 23: Metallurgical Tests Results: Column Leach
METALLURGICAL TESTS RESULTS COLUMN LEACH Gold recoveries for heap leach projects • Excellent gold recovery are usually about 55 to 75%, “Sorting through the heap”, 2020, (average of 78%) according to the Canadian Mining Journal. www.canadianminingjournal.com/ features/sorting-through-the-heap • Low
Slide 24: Channel Sampling Duplicate at the Center of Cheechoo
FOR THE COLUMN LEACH TESTS CHANNEL SAMPLING DUPLICATE AT THE CENTER OF CHEECHOO ORIGINAL CHANNEL • 9.9 m x 4 cm Channel Sampling Location • Assayed in 2016 • Method used: Fire assay N (Actlabs - Quebec, CA) Result: 0.62 g/t Au DUPLICATE CHANNEL • 9.9 m x 24 cm (506 kg) 2020 MRE Update 200m • Assayed
Slide 25: Cheechoo: Outlook
CHEECHOO: OUTLOOK
Slide 26: Cheechoo vs. Heap Leach Gold Mines Currently in Production
CHEECHOO VS. HEAP LEACH GOLD MINES CURRENTLY IN PRODUCTION Eagle Marigold El Castillo La Arena Cheechoo Fort Knox Pan Mesquite Kisladag (Victoria (SSR (Argonaut (Pan Average (Sirios) (Kinross) (Fiore Gold) (Equinox) (Eldorado) Gold) Mining) Gold) American) Quebec, Yukon, Alaska, Nevada, Nevada, Cali
Slide 27: Cheechoo vs. Low Grade-High Tonnage Heap Leach Mines & Projects
CHEECHOO VS. LOW GRADE-HIGH TONNAGE HEAP LEACH MINES & PROJECTS 1.5 1.45 Average Grade (g/t Au) 1.0 0.75 0.65 0.65 0.56 0.49 0.5 0.42 0.3 0.0 Coffee Gold (Y.T.) Mt. Hamilton (Nev.) Eagle Gold (Y.T.) Cheechoo (Que.) Castle Mt. (Calif.) Marigold (Nev.) Pan (Nev.) Ft. Knox (Alaska) FEASIBILITY 2 FEASIB
Slide 28: Comparison Between Cheechoo and the Eagle Gold Mine
COMPARISON BETWEEN CHEECHOO AND THE EAGLE GOLD MINE Eagle Gold Mine Cheechoo EAGLE GOLD MINE (Victoria Gold) 1 Gold Project 2 (Victoria Gold) Reduced intrusion- Reduced intrusion- Yukon, Canada Metallogeny related gold system related gold system • Open pit GEOLOGY Host rock Granodiorite Granodiorite
Slide 29: Cheechoo Continues to Gather Momentum…
CHEECHOO CONTINUES TO GATHER MOMENTUM… Production Construction CHEECHOO Permits • Mineral Resource Estimation Studies • Preliminary Economic Assessment (PEA) • Feasibility Study AQUILON • Intensive drilling Discovery • Deposit delimitation • Metallurgical tests • Targeted exploration Advanced • Dril
Slide 30: Cheechoo: Plan for the Future
CHEECHOO: PLAN FOR THE FUTURE WHAT WE HAVE ACCOMPLISHED DEVELOPING CHEECHOO IN 2021-2022 DRILLING (Q3 2021) 2020-2021 Milestones • 7,500+ meters infill DDH program to define indicated resources. Drilling program completed (5,000 m) Mineral Resource Estimate update RE-ASSAY PROGRAM • Several thou
Slide 31: Aquilon
ADVANCED EXPLORATION PROJECT AQUILON
Slide 32: Aquilon: At the Center of a Highly Prospective Context
AQUILON: AT THE CENTER OF A HIGHLY PROSPECTIVE CONTEXT • Located in a large-scale fold hinge in a greenstone belt featuring several gold showings (along the Wolf Gold- bearing corridor) • Easy year-round access (all-weather road, nearby airstrip and helipad, nearby fully equipped lodging) Mirage out
Slide 33: The Wolf Gold-Bearing Corridor
THE WOLF GOLD-BEARING CORRIDOR Red Toad Lode gold mineralization occurs along the Wolf Gold-bearing Moman Fleur-de-Lys Corridor • The Lingo-3 West, Fleur-de-Lys, Moman and Red Toad showings are located within the corridor and form Lingo-3 West shallow plunging ore shoots with a N-NE orientation. • S
Slide 34: High-Grade Gold Mineralization
HIGH-GRADE GOLD MINERALIZATION • Orogenic lode gold mineralization • High-grade multi-folded coarse gold-bearing quartz veins sub-parallel to the main ENE-WSW foliation (e.g. Lingo-3 West, Moman and Fleur-de-Lys showings) • Strongly asymmetrically folded veins plunging parallel to the stretching lin
Slide 35: Low-Grade Gold Mineralization
LOW-GRADE GOLD MINERALIZATION • Hosted in: • Gold mineralization (+/- Ag-Cu-Zn) 1. Felsic to intermediate associated with disseminated to semi- volcaniclastics massive sulphide-bearing horizons (Small Moose, Choco, Blueberry Wolf (pyrite-pyrrhotite ± chalcopyrite) and Sortilèges Dorés showings) 2. B
Slide 36: 1999-2020 Diamond Drilling
1999-2020 DIAMOND DRILLING N As of March 2020: • 13,650 m of drilling (213 holes) RED TOAD 15 DDH • Historical drilling mostly concentrated on 4 very small 2 km A’ B’ areas (Lingo, Fleur-de-Lys, Moman and Red Toad) B MOMAN • 70% of holes are less than 100 m C’ A 17 DDH in length FLEUR-DE-LYS 14 DDH
Slide 37: 32 Gold Showings Discovered So Far
32 GOLD SHOWINGS DISCOVERED SO FAR N FLEUR-DE-LYS RED TOAD D 2.3 m @ 48.2 g/t Au D 3.5 m @ 12.3 g/t Au incl. 0.4 m @ 183.5 g/t Au incl. 0.2 m @ 108.0 g/t Au C 3.5 m @ 307.6 g/t Au MOMAN LINGO-3 WEST D 3.9 m @ 370.1 g/t Au D 0.8 m @ 3,230.9 g/t Au incl. 0.4 m @ 3,527.4 g/t Au incl. 0.2 m @ 12,906.5 g
Slide 38: Moman Showing - Vertical Section
MOMAN SHOWING - VERTICAL SECTION Hosted in the Lake d’Aiguillon SSW NNE MOMAN tonalite near a basalt horizon in SHOWING 6.19 g/t Au AQ20-105 contact with the Fleur-de-Lys 51.01 g/t Au over 7.6 m 34.97 g/t Au sedimentary unit. over 6.0 m 263.61 g/t Au over 8.3 m over 5.5 m 1.19 g/t Au 1.64 g/t Au
Slide 39: Fleur-de-Lys Showing - Vertical Section
FLEUR-DE-LYS SHOWING - VERTICAL SECTION Hosted mainly in the Fleur-de-Lys SSW FLEUR DE LYS NNE SHOWING AQ20-108 sedimentary unit (V2 TUF) near the 21.38 g/t Au contact with the Lake d’Aiguillon over 1.4 m 8.48 g/t Au tonalite and a basalt. over 2.8 m 4.65 g/t Au 39.73 g/t Au over 6.9 m over 2.8
Slide 40: Lingo-3 Showing - Vertical Section
LINGO-3 SHOWING - VERTICAL SECTION C LINGO-3 C’ SSW SHOWING AQ20-106 AQ20-107 NNE Hosted mainly in the Lake Lingo tonalite at the contact with a porphyric rhyodacite. Tonalite Mineralized zone ≥ 0.3 g/t Au Tonalite ≥ 0.5 g/t Au Thickness: 50m 0 50 100m Felsic to intermediate volcanics ≥ 1.0 g/t
Slide 41: All Known Gold Showings Are Outcropping
ALL KNOWN GOLD SHOWINGS ARE OUTCROPPING • All 32 gold showings discovered so far are at surface level and were located with only ground prospecting • Therefore, there is significant potential across the property to discover new mineralization in overburden-covered areas (most of Aquilon) • This is w
Slide 42: All Known Gold Showings Are Outcropping
ALL KNOWN GOLD SHOWINGS ARE OUTCROPPING GRENOUILLE 1 ELLE DU LOUP GRENOUILLE 2 ISABELLE SORTILÈGES DORÉS AQUILON GOLD PROJECT | TSX-V SOI 42
Slide 43: Two Large Gold-in Soil Anomalies Discovered in 2021
TWO LARGE GOLD-IN SOIL ANOMALIES DISCOVERED IN 2021 N Accomplishments of the 2020 Soil Survey: • Discovery of several gold anomalies, including two large gold anomalies (of 800m in length each) outside the Wolf Gold-bearing 2 km corridor • Characterization of the geochemical signature around known s
Slide 44: Aquilon: Significant Potential for New Discoveries
AQUILON: SIGNIFICANT POTENTIAL FOR NEW DISCOVERIES • Aquilon is located in a highly prospective greenstone belt with multiple showings already discovered • Several gold shoots in the Wolf Gold-bearing Corridor remain open laterally and at depth [1] [2] • 2 types of gold mineralization have been foun
Slide 45: Pontax
SILVER EXPLORATION PROJECT PONTAX
Slide 46: Pontax: Exploration in a Silver-Rich District
PONTAX: EXPLORATION IN A SILVER-RICH DISTRICT Anatacau-Pivert Greenstone Belt Completed work • 32 drillholes (4,786 m) • 36 channels • 212 grabs samples • 1,338 soil (humus) samples • IP, EM and Mag surveys PONTAX 5 km PONTAX AG-ZN PROJECT | TSX-V SOI 46
Slide 47: Chambois: A High Grade Silver Showing
CHAMBOIS: A HIGH GRADE SILVER SHOWING CHANNEL-001 • High-grade Ag-Zn (Cu, Au, Pb) C 4.4 m @ 821.0 g/t Ag; 0.18% Zn; g/t Ag A' 1.31 g/t Au; 0.56% Pb intercepts along a 1.3 km IP 004 incl. 1.0 m @ 3,343.0 g/t Ag; 0.60% Zn; 0.12% Cu; 5.40 g/t Au; 2.30% Pb 5 anomaly 020 001 018 1 003 027 PX-07-001 002 0
Slide 48: Maskwa
GRASSROOTS PROJECT MASKWA
Slide 49: Maskwa: Focus on a Highly Prospective Contact
MASKWA: FOCUS ON A HIGHLY PROSPECTIVE CONTACT N • Exploration still at an early stage (claims acquired in 2020) • Straddles the highly prospective Opinaca / La Grande contact • Located next to Au and PGE showings PGE • Multiple Au-PGE-W anomalies AU discovered during the 2020 Till Survey MASKWA 372
Slide 50: Till Anomalies and Follow-Up
TILL ANOMALIES AND FOLLOW-UP N Ice SAMPLE #015 direction Au: 25 grains W minerals: 17 grains SAMPLE #054 SAMPLE #014 Au: 14 grains Au: 7 grains Platinum (Pt) and Palladium (Pd) arseniures as W minerals: 276 grains well as Tungsten (W) minerals are considered SAMPLE #055 TARGET #2 indicator minerals
Slide 51: For More Information
FOR MORE INFORMATION SIRIOS RESOURCES TSX-V: SOI info@sirios.com 1000 St-Antoine Ouest, suite 410 Montréal, QC, Canada, H3C 3R7 514-510-7961 www.sirios.com
Slide 52: Appendix I
APPENDIX I Notes to the MRE Table: 1. The independent qualified person for the 2020 MRE, as defined by NI 43-101 guidelines, is Pierre-Luc Richard, P. Geo., of BBA Inc. The effective date of the estimate is October 31, 2020. 2. These mineral resources are not mineral reserves as they do not have dem
Slide 53: Éléonore Reserves and Resources
ÉLÉONORE RESERVES AND RESOURCES Éléonore Gold Mine (Newmont) - Reserves and resources 10 9 • Reserves (P & P) : 1.26 Moz 8 • Resources (M & I + Inf.) : Contained gold (Moz) 7 0.44 + 0.46 Moz 6 5 4 3 2 1 0 2007-06 2007-12 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 P&P M&I Inf. S
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