The Project PONTAX is in GREEN EXPLORATION stage. Mining Property in CANADA Province of QUEBEC : Ownership, location, history, geology, maps, reserves and resources, related press releases

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Pontax Project

Pontax

Country

Canada

Province

Quebec

Close to

Matagami

Status

GREEN EXPLORATION

Surface

800 km² / 197,680 acres

Number of claims

1600

Latitude / Longitude

52 N 54 / 77 W 38

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Produces

Develops

Explores for

Diamonds - Gold -

Last updated on 1/6/2010 - Terms of Use

Risk and valuation analysis of the Pontax Project

Status Risk : Green exploration

Country Risk : Very Low

Title(s) of the Pontax Project

VanEck Vectors Global Alternative Energy ETF
Interest: 50%


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Diamond exploration in funded by DIOS, while gold and base metals exploration is funded by Sirios. If the project is to focus on diamond, DIOS can buy back SIRIOS' share in cash or shares and vice versa, and the partner is to keep a 1% royalty.

Sirios Resources Inc.
: 50%


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Location of the Pontax Project
PONTAX PROJECT is located 350 km from MATAGAMI in the south-western James Bay region of Quebec, Canada.

Geology of the Pontax Project
The discovery of quality Kimberlite Indicator Minerals returned minerals such as high chromium/ low calcium harzburgitic G10 garnet (over 10% Cr2O3, less than 3% CaO), picroilmenite, omphacite (rare to find-eclogitic signature suggesting potential diamond source richer than harzburgite) kosmochlor diopside (chromium is in the kosmochlor molecule) and kimberlitic olivine (forsterite).

Exploration and drilling

7/13/2011	(Sirios Res.)Drilling Completed on the Silver and Gold PONTAX Property in...
7/5/2010	(Sirios Res.)First Gold Showing on Pontax, Work in Progress on Cheechoo
10/15/2009	(Dios)Drilling Completed on Pontax-Lithium
9/3/2009	(Sirios Res.)exploration program for lithium
9/2/2009	(Dios)SIRIOS:: PONTAX: DRILLING AND CHANNEL SAMPLING PLANNED
5/9/2008	(Dios)Drill Turning on Pontax
5/1/2007	(Sirios Res.)Beginning of the First Drilling Program on the Silver PONTAX...
12/11/2006	(Dios)Reports Fall Program on PONTAX

Discoveries and Drilling Results

10/4/2010	(Sirios Res.)Encouraging Gold Results on Pontax
11/26/2009	(Dios)Intersect at Pontax Lithium
10/21/2009	(Sirios Res.)Drilling Completed on Pontax-Lithium
8/5/2009	(Dios)Discovery of a significant lithium occurence on the pontax p...
8/5/2009	(Sirios Res.)significant lithium occurrence discovery on their PONTAX pro...
12/12/2007	(Dios)Drilling Program in Progress on Pontax: 20 Kimberlite Target...
10/30/2006	(Dios)Significant Discovery of Two Showings on the DIOS' PONTAX Pr...
10/30/2006	(Sirios Res.)High Assay Values Up to 1,665.0 g/t Ag and 6.7 g/t Au and Di...
8/24/2006	(Sirios Res.)Discovery of a High Grade Silver-Gold Showing on Pontax
4/8/2006	(Dios)résultats positifs sur le projet diamantifère Pontax

Location

Data last updated on : 1/9/2008

Disclaimer
All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.