+100g/t gold assays at Victory
United Reef at Lyell

+100g/t gold assays at Victory United Reef at Lyell


Siren Gold Limited (ASX: SNG) (Siren or the Company) is pleased to provide an update on the Lyell tenement, located within the Reefton Project.

Highlights 

  • New rock chip samples from the Victory United Reef at Lyell include: 127g/t Au, 123g/t Au, 114 g/t Au, 47g/t Au. 13.4 g/t Au. 10.7g/t Au and 8.3g/t Au, averaging 63g/t Au.
  • The reef contains significant visible gold with coarse (+75 micron) gold ranging from 43% to 13%, with an average of 28% in the screen fired samples
  • Previous results at Lyell from trenching and surface sampling include:
    • 7m @ 13.8g/t Au (LYTR001) (ASX release 14 October 2022)
    • 8m @ 6.3g/t Au (LYTR002) (ASX release 14 October 2022)
    • 3.0m @ 19.1g/t Au (LYTR009) (ASX release 8 March 2023)
    • 1.1m @ 36g/t Au (LYTR008) (ASX release 8 March 2023)
Siren Managing Director and CEO, Victor Rajasooriar commented:
“Lyell has the potential to be the jewel in the Reefton Project crown with the recent rock chips samples from the Victory United Reef showing immense potential and warranting a drilling program to unlock the value. Our geological team are looking forward to drilling once all approvals are in place and replicating the surface rock chips and trenching data gathered to date. The recently received unsolicited, non-binding, indicative offer from Federation Mining Pty Ltd certainly highlights the significance of the Siren tenement package within the Reefton Goldfields.”
Victory United Reef
The Victory United Reef is located at the northern end of the 5km long mineralised system that includes the historic Alpine United mine that produced 80koz @ 17 g/t Au. An outcrop of the Victory United Reef was discovered in October 2022 when a flood removed gravel and exposed the bedrock (refer announcement dated 8 March 2023). The mineralised zone comprised a 0.5m quartz reef surrounded by approximately 2m of disseminated arsenopyrite rich mineralisation. The quartz reef contained significant visible gold with a float sample several metres from the outcrop assay 205g/t Au (Figure 1). Channel samples of the reef (Figure 2) ranged from 15g/t Au to 70g/t Au and disseminated arsenopyrite mineralisation ranged from 1.4g/t Au to 42g/t Au (see announcement dated 8 March 2023).

Figure 1. Victory United Reef float sample.

Figure 2. Victory United Reef -Trench LYTR005.

Resampling of the quartz reef outcrop was completed in August 2024 with seven samples collected (Figure 3). The samples assayed 127g/t Au, 123g/t Au, 114 g/t Au, 47g/t Au. 13.4 g/t Au. 10.7g/t Au and 8.3g/t Au, averaging 63g/t


Click here for the full ASX Release

This article includes content from Siren Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

SNG:AU
The Conversation (0)
Gold bars with text: "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Avanti Gold Gains 158 Percent on Misisi Settlement

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada released its June Labour Force Survey on Friday (July 11). The data indicated that 83,000 new jobs were added to the workforce, led by 34,000 new employees in the wholesale and retail trade category and a 17,000 worker rise in the healthcare and social assistance category.

In other positive news for the Canadian job market, the overall employment rate rose by 0.1 percent to 60.9 percent, while the unemployment rate declined by 0.1 percent to 6.9 percent.

Keep reading...Show less
Gold bar on nuggets with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: Yandal Shares Double on Arrakis Drilling Results

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top-performing stocks list is dominated by oil and gas companies, alongside gold and lithium companies.

In Australian mining news, the Fair Work Commission ruled that BHP (ASX:BHP,NYSE:BHP,LSE:BHP) must raise the wages of 2,200 workers at three coal mines in Queensland. The workers in question were employed indirectly through a hiring firm and were being paid significantly less than their peers working directly under BHP.

The case was brought by two worker's unions and based on the Same Job, Same Pay reforms made by the government last year. To align wages, the FWC ruled BHP must raise the labour hire employees' wages by AU$30,000 each.

Keep reading...Show less
Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

Keep reading...Show less
A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

Keep reading...Show less
Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
  •  
  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
  •  
  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
  •  

 

 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×