Anvil Drilling Intersects New Mineralisation Increasing Sams Creek Resource Potential

Siren Gold Limited (ASX: SNG) (Siren or the Company) is pleased to provide an update on its Sams Creek Project.

Highlights

• Maiden drilling program targeting the Anvil Zone (1.5km to the east of the Main Zone), extensive Ionic leach survey and Lidar topography analysis all successfully completed for the Same Creek Project.
• Sams Creek is an intrusion-related gold deposit (IRGD) with known mineralisation contained within a porphyry dyke which is over 7kms long, up to 60m thick, and extends down dip for at least 1km.
  • Only 15% of the Sam’s Creek porphyry dyke (SCD) has been drilled to date and contains a Mineral Resource Estimate of 824koz @ 2.8g/t Au from the Main Zone target.
• Four “scouting” holes targeting the SCD at the Anvil Zone intersected alteration and mineralisation remarkably similar to the Main Zone.
• Lidar topography analysis has identified the Main Zone circular structure and the Anvil Zone circular structure which are ~2kms wide and ~1.3kms wide respectively. These structures may reflect buried porphyry intrusions.
• An extended Ionic Leach (IL) soil survey identified a number of targets both around and inside the circular structures.
• The circular structures anomalies have been divided into five dyke and six porphyry targets.
  • The SCD targets have an Au-As signature, and the porphyry targets have an Au-Cu-REE signature.
• The circular structures and multi-element responses indicate potential for a large multi-metal, multi- phase mineral system at Sams Creek.

“These results continue to demonstrate the significant potential for a multi-million-ounce project at Sams Creek. Ionic leach soil surveys have proven to be a strong indicator for economic gold mineralisation at Sams Creek. The Anvil anomaly has many characteristics in common with the Main Zone, which hosts the 824koz @ 2.8g/t Au Resource. We believe we have only scratched the surface at Sams Creek and look forward to unlocking the full potential with more exploration programs on these targets.”

Anvil Drilling Results

Four diamond drillholes for a total of 526m were drilled at Anvil West from two sites on the Cobb Valley Road (Figure 1). These holes were drilled before the extended IL results were available and the two circular structures recognised. All four holes intersected the SCD, which is around 20m thick and has been extensively altered with three stages of alteration similar to the Main Zone recognised.

The first stage of alteration is represented by a biotite, ankerite ± magnetite assemblage, which is like the alteration found in many calc-alkaline and alkaline porphyry Cu–Mo–Au deposits, where it represents an early high temperature stage. The second stage of alteration consists of extensive silicification and thin quartz veinlets. Stage three mineralisation consists of irregular to planar gold-bearing arsenopyrite-pyrite ± sphalerite veins. Stage 3 mineralisation is generally associated with areas of silicification.

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.