Sirios Resources Strikes Deal on Cheechoo Property

Sirios Resources (TSE:SOI) has released an update.

Sirios Resources Inc. has entered into an option agreement with Electric Elements Mining Corp., granting the latter the opportunity to acquire complete ownership of the south and west blocks of the Cheechoo property in exchange for a $0.5 million investment over two years. Should the option be exercised, Sirios will retain a 1.5% Net Smelter Return royalty on the southern block and reclaim any gold-rich claims, while maintaining all rights to the main block’s mineral resources.

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