- Sirios Resources (SOI) has announced positive environmental baseline studies (EBS) for the Cheechoo Gold Project in Quebec
- The findings of these studies have not highlighted any environmental concerns that could affect the development of the Cheechoo project
- The purpose of the EBS is to analyze and quantify relevant environmental parameters for the area of the potential future mine as a record of environmental conditions before any major project activities take place
- The Cheechoo gold property, owned by Sirios, is in Eeyou Istchee James Bay, Quebec
- The share price of Sirios Resources (SOI) remains unchanged at $0.085 as of 3:25 PM ET
Sirios Resources (SOI) has announced that several components of the environmental baseline studies (EBS) for the Cheechoo Gold Project have been completed.
This was done with the help of environmental consultant Groupe Hémisphères, now a part of Groupe GÉOS.
The studies conducted include wetlands identification and characterization (Fall 2019), Avifauna characterization and inventory (June 2021), Flora and terrestrial environment characterization and inventory (August 2021), and Aquatic components characterization and inventory (August and September 2021).
The findings of these studies have not highlighted any environmental concerns that could affect the development of the Cheechoo project.
“The positive completion of this set of environmental studies on our Cheechoo gold property is great news for the project, which can advance towards development while complying with the highest environmental standards,” stated Dominique Doucet, President and CEO of Sirios.
The purpose of the EBS is to analyze and quantify relevant environmental parameters for the area of the potential future mine as a record of environmental conditions before any major project activities take place.
This helps identify and mitigate potential environmental and social impacts associated with the development of the project. The environmental baseline studies are used to develop an environmental impact assessment (EIA), which is an essential part of the approval and permitting process to develop a mine.
The Cheechoo Gold Project, wholly-owned by Sirios, is located in Eeyou Istchee James Bay, Quebec, less than 9 km from Newmont’s Eleonore gold mine.
The latest resource estimate for the Cheechoo project (October 2020) estimated an inferred resource of 2.0 million ounces of gold contained in 93.0 million tonnes of rock at an average grade of 0.65 g/t Au, with significant potential to increase this resource.
Sirios Resources Inc. is a pioneer in the discovery of significant gold deposits in Eeyou Istchee James Bay, Quebec, Canada, and is focusing primarily on its Cheechoo gold discovery, while actively exploring the gold potential of its other properties.
Founded in 2004 by seasoned professionals in the field of the environment, Groupe Hémisphères, now a part of Groupe GÉOS, is a key player in environmental and sustainable planning in Quebec.
Shares of Sirios Resources Inc. (SOI) remain unchanged, trading at $0.085 at 3:25 PM ET.