Drilling Recommences at Auld Creek

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

Highlights

• The Auld Creek Mineral Resource Estimate (MRE) to date is 66koz @ 3.5g/t Au, 8,700t @ 1.5% Sb for 132koz @ 7.1g/t AuEq but has been estimated for the Fraternal Shoot only to 150m and is open at depth.
• Drilling at Auld Creek recommenced this week with holes initially targeting the Bonanza East Shoot following outstanding results from the 2023 drilling i.e. 5m @ 4.1g/t Au, 7.0% Sb for 20.6g/t AuEq from 78.3m.
• The Bonanza and Fraternal North Shoots have not been drilled and will also be targeted in this campaign. At the conclusion of this drilling program all four shoots will have been drill tested.
• A second phase of drilling will then target down plunge extensions to the mineralisation. All four Auld Creek shoots are open at depth and have potential to significantly increase the Auld Creek MRE.

“Siren continues to advance our Reefton and Sams Creek projects on the South Island of New Zealand. With funds provided by the recent $2.2m capital raise, drilling has recommenced at Auld Creek at Reefton following up previous intersections of 5m @ 4.1g/t Au, 7.0% Sb for 20.6g/t AuEq. The ongoing drilling at Auld creek is expected to add significantly to the understanding of the mineralisation and will be used to update the Auld Creek Inferred MRE which currently stands at 66koz at 3.5g/t Au and 8.7kt at 1.5% Sb for 132koz of AuEq at 7.1g/t AuEq. Siren’s Reefton MRE stands at 444koz of gold and 8.7kt of Sb for 511koz @ 4.4 g/t AuEq, which increased by 342koz during 2023.

Planning is also underway to recommence drilling at Sams Creek to test the Anvil Zone where Siren recently identified a significant new drill target (see Announcement dated 22 January 2024). The Sams Creek porphyry dyke extends over 7kms long, is up to 60m thick, and extends down dip for at least 1km and includes the company’s Main Zone MRE of 824,000 @ 2.8g/t Au.

There are currently a number of proposed changes to the permitting regime that have been introduced by New Zealand’s recently elected government through a Fast Track Approvals Bill for accelerated development of major projects. This is a positive step forwards for mining projects in New Zealand and can only be good news for Siren shareholders as we progress our exploration programmes at Reefton and Sams Creek”.

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