Sirios Resources (TSX-V: SOI | OTCQB: SIREF): The Osisko-Backed Three-Million-Ounce Quebec Gold Project Trading at US$33 an Ounce
Disseminated on behalf of Sirios Resources. Full disclosure at bottom.
Two facts about Sirios Resources (🇨🇦SOI / 🇺🇸SIREF) matter most for an investor looking at this story for the first time.
The first is who is running it.
CEO Jean-Félix Lepage spent eight years at Newmont's Éléonore mine in Quebec, including running underground operations. Éléonore is one of the largest gold mines in the province. It sits less than 15 kilometres from Sirios's flagship Cheechoo project, in the same broader James Bay gold corridor. The CEO now running Sirios has spent a career on this geology, at the mine next door, before moving into development roles at O3 Mining and then taking the seat at Sirios.
The second is who is behind the company.
In early 2026, Sirios merged with OVI Mining Corp. to form a single Osisko-backed gold development company in the Eeyou Istchee James Bay region. Osisko has a long history of advancing gold projects in Canada from discovery through to development and acquisition. The combined company is now structured around moving Cheechoo from a defined resource into a Preliminary Economic Assessment.
That combination — an operator who ran underground at the mine next door, with an Osisko-backed development structure behind him — is unusual for a project at this stage.
Now here is what they actually have.
The resource
Cheechoo is a large, near-surface, open-pittable gold deposit in Quebec.
The current NI 43-101 mineral resource estimate is 1.26 million ounces Indicated (35 Mt at 1.12 g/t Au) and 1.69 million ounces Inferred (42.7 Mt at 1.23 g/t Au). Combined, the two categories total approximately 2.95 million ounces of gold. (Indicated and Inferred categories carry different confidence levels.)