Siren Gold (ASX:SNG)

Sams Creek and Reefton Exploration Update

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


Highlights

Sams Creek Gold Project

  • Results received for the last two of four “scouting” holes drilled at the Anvil Zone.
    • SCDDH107 intersected 22m @ 1g/t Au with higher grade intervals of 2m @ 2.91g/t from 141m and 1.2m @ 8.3g/t from 161m on the hanging wall and footwall respectively.
    • SCDDH106 intersected a 35.4m thick dyke which was extensively altered. A 4m section in the centre of the dyke returned 4m @ 1.32g/t Au from 124m.
  • An Ionic Leach (IL) soil survey identified a number of targets both around and inside two large circular structures.
  • The circular structure anomalies have been divided into five dyke and six porphyry targets.
  • The dyke targets have an Au-As signature, and the porphyry targets have an Au-Cu-REE signature.
  • The IL survey has now been extended beyond the boundaries of the circular structures so potential mineralisation can be fully evaluated. Results are expected in August.

Reefton Gold Antimony Project

  • Four additional diamond holes were drilled in the Auld Creek’s Bonanza East Shoot following the exceptional intersection in ACDDH011, which intersected an estimated true thickness of 3m @ 4.1g/t Au and 7% Sb.
  • ACDDH015 and ACDDH016 were drilled 50m to the north and intersected true widths of 6m @ 5.3g/t Au, 14.9% Sb and 10m @ 7.2g/t Au, 0.3% Sb.
  • ACDDH020 and ACDDH021 were drilled a further 100m to the north and intersected the footwall of the shoot, indicating that the Bonanza East Shoot plunges to the south parallel to the Fraternal Shoot.
  • The Bonanza East maiden MRE and an update on the Fraternal MRE will be completed in August.

Siren Managing Director and CEO, Victor Rajasooriar commented:

“The drilling results from the recent scouting holes targeting the Anvil prospect have confirmed similar alternation to the Main Zone, which hosts the 824koz @ 2.8g/t Au Resource. Additionally, the knowledge base of the geology at Sams Creek is growing with the expanded Ionic Leach survey cross referenced with the Lidar topography analysis, with results expected in August. This should give us additional information to more accurately target the potential Gold-Copper porphyry targets and commence a diamond drilling program later this year at Sams Creek.

In addition, the drilling results from Auld Creek have returned some strong results and we look forward to updating the Resource in August.”


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)
Siren Gold (ASX:SNG)

Siren Gold

Exploring Highly Prospective Gold Assets in A Historic New Zealand Mining District

Exploring Highly Prospective Gold Assets in A Historic New Zealand Mining District Keep Reading...
Rich Checkan, gold bars.

Rich Checkan: Gold Cheap, Silver Cheaper — Now is The Time to Buy

Rich Checkan, president and COO of Asset Strategies International, shares his outlook for gold and silver, saying the metals are currently at sale prices. Both could still go lower, but he encouraged investors to act sooner than later."Take a little of your cash, deploy it now — lock in that... Keep Reading...
Brien Lundin, gold bars.

Brien Lundin: Gold's "Unique" Bull Market — Major vs. Junior Stocks

Brien Lundin, editor of Gold Newsletter, shares his thoughts on the pullback in gold and silver prices, saying that finding a bottom will take time. If seasonality is in effect this year, he sees that process happening in mid-July to mid-August. "That's really our last chance — our best chance —... Keep Reading...
Precipitate Gold Strengthens Board with Appointment of Dominican Business Leader Pelayo Troncoso and Mining Finance Executive John Wenger

Precipitate Gold Strengthens Board with Appointment of Dominican Business Leader Pelayo Troncoso and Mining Finance Executive John Wenger

Precipitate Gold Corp. (TSXV: PRG,OTC:PREIF) (OTCQB: PREIF) (the "Company" or "Precipitate") is pleased to announce the appointments of Mr. Pelayo Troncoso and Mr. John Wenger, CPA, to the Company's Board of Directors, effective immediately.Mr. Troncoso is a Dominican Republic national and an... Keep Reading...
A polygonal gold bull statue stands on a pile of gold bars against a dark background.

Experts: Gold Pullback Strengthens Bull Market Case

Gold's retreat from recent record highs has done little to dampen long-term optimism among market participants, with speakers on the Precious Metals panel at the Rick Rule Symposium arguing that the current correction is a normal feature of a healthy bull market rather than the beginning of a... Keep Reading...
Adrian Day, gold bars.

Adrian Day: Gold's Top Driver Now, Plus Bullish Stock Setup

Adrian Day, president of Adrian Day Asset Management, breaks down gold's key price headwinds and what could spark a turnaround. "The most important thing is the war. When that ends, one way or the other, the oil price retreats, CPI expectations come down, the dollar comes down and then it's... Keep Reading...

Interactive Chart

Latest Press Releases

Related News