More High-Grade Trench Results At Auld Creek

Siren Gold Limited (ASX: SNG) (Siren or the Company) is pleased to provide a further update on the significant potential of its Auld Creek Prospect.

Highlights

• Auld Creek is the mineralised extension of the historical Globe Progress Mine which produced 1.1Moz at 10 g/t Au (open pit and underground).
• Trench FTTR018 at the southern end of the Fraternal Shoot intersected 8.3m @ 2.1g/t Au, 0.45% Sb for 3.3g/t AuEq. This trench has extended the strike of the Fraternal Shoot to 200m.
• BZTR008, the second trench in the Bonanza Shoot, intersected 6.0m @ 4.9g/t Au, 0.30% Sb for 4.9g/t AuEq, extending the strike of the shoots to 125m; and
• BZTR002 on the Bonanza West Shoot was extended now intersecting 3.4m @ 4.1g/t Au, 0.26% Sb for 4.8g/t AuEq.
• Drilling commenced with the first diamond hole targeting the Fraternal Shoot approximately 50m down plunge from trench FTTR001 which intersected 8.4m @ 19.7g/t Au, 5.3% sb for 32g/t AuEq.

“The Auld Creek prospect is located within 3km of two mines that collectively produced 1.6Moz at 10g/t Au. Siren has confirmed that high-grade gold and antimony (Sb) is evident along the mineralised trend that extends from Siren’s Big River project a further 12km to the south to Auld Creek where Siren currently has 22 granted drill pads. The recently commenced Diamond Drilling programme is presently focused on depth and strike extensions of the Auld Creek high-grade gold and antimony mineralised system. Previously reported Fraternal diamond drillhole true width intercepts include:

• 12.0m @ 4.1g/t Au, 2.9% Sb for 11.0g/t AuEq;
  
• 4.5m @ 3.0g/t Au, 3.2% Sb for 10.6g/t AuEq;
• 3.0m @ 4.1g/t Au, 4.1% Sb for 13.8g/t AuEq;

We look forward to updating the market as the current drilling program advances”.

Background

The Auld Creek Prospect is contained within Siren’s Golden Point exploration permit and is situated between the highly productive Globe Progress mine, which historically produced 418koz @ 12.2g/t Au, and the Crushington group of mines that produced 515koz @ 16.3g/t Au (Figure 1). More recently OceanaGold (OGL) mined an open pit and extracted an additional 600koz of gold from lower grade remnant mineralisation around the historic Globe Progress mine.

The Auld Creek mineralisation extends for over 2kms and appears to represent a block that was potentially offset to the west, along NE-SE trending faults between Globe Progress and Crushington. Siren has recently acquired the Cumberland exploration permit that was part of the Globe Progress mining permit (Figure 1). Siren now holds the ground immediately to the north (Auld Creek) and south of the Globe Progress mine.

The gold-antimony mineralisation extends from Auld Creek south through Globe Progress and the Cumberland prospects and on to Big River, a strike length of 12kms with 9kms in Siren’s permits and the remaining 3kms in the Globe Progress reserve area. The Globe progress mineralisation extended for over 200m vertically below the bottom of the open pit before it was offset by the Chemist Shop Fault (CSF). The offset mineralisation of the other side of the CSF has not been found.

Figure 1. Auld Creek and Cumberland exploration permits surrounding the Globe Progress mine.

Trenching

The Auld Creek arsenic soil anomaly now extends for over 700m along strike. Trenching along the soil anomaly has clearly defined the high-grade Fraternal, Fraternal North, Bonanza and Bonanza West Shoots (Figure 2).

Previously reported Fraternal surface trenches include:

• 8.4m @ 19.7g/t Au, 5.3% Sb for 32.0g/t AuEq;
  
• 2.0m @ 14.2g/t Au, 13.0% Sb for 44.9g/t AuEq;
• 8.4m @ 2.8g/t Au, 0.24% Sb for 3.2g/t AuEq, and
• 6.0m @ 2.5g/t Au, 1.6% Sb for 6.2g/t AuEq.

Siren has excavated a number of new trenches across all the mineralised zones, with FTTR018 at the southern end of the Fraternal Shoot intersecting 8.3m @ 2.1g/t Au, 0.45% Sb for 3.3g/t AuEq (Figure 2 and Table 1). This trench has extended the shoot strike length by approximately 25m to around 200m. The true height of the shoot is estimated at 125m (Figure 3).

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