Guillaume Doucet, Strategic Consultant for Sirius Resources, presents the latest developments at the company’s flagship Chichu Gold Project, located in the heart of Quebec’s James Bay region—just 15 km from Newmont’s former Éléonore Gold Mine, now owned by Delmar Limited.
With an existing 2 million ounce open-pit resource and a new resource update expected in the coming weeks, Sirius is moving ahead with a revised geological model that could unlock higher-grade, underground mining potential. Doucet outlines the company’s value proposition, strategic plans for growth, and why Sirius—currently trading at a ~$20M CAD market cap—offers compelling upside in today’s gold environment.
🔑 Key Takeaways:
Project Overview – Chichu Gold, James Bay, Quebec:
✓ 2 million oz open-pittable gold resource @ ~1 g/t (2022)
✓ Located 15 km from Éléonore Mine (acquired by Delmar Limited)
✓ Upcoming 2025 resource update expected to show increased ouncesNew Geological Model:
✓ Fresh interpretation aimed at identifying higher-grade zones
✓ Potential for underground mining targets
✓ Enhanced understanding unlocks resource expansion upsideStrategic Outlook:
✓ Actively seeking a strategic partner to accelerate development
✓ Undervalued: ~$20M market cap vs. large-scale resource in top-tier jurisdiction
✓ Strong proximity advantage with new operator active nearbyJurisdictional & Market Advantage:
✓ Quebec: top mining jurisdiction with strong infrastructure & incentives
✓ Attractive gold price supports near-term development plans
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