Siren Gold

Significant Mineralisation Intersected at Auld Creek

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

Highlights

Diamond drillhole ACDDH015 has been completed, intersecting both the Bonanza East and Fraternal Shoots.

  • ACDDH015 follows up from encouraging results from the 2023 Bonanza East drilling campaign, ie. 5m @ 4.1g/t Au, 7.0% Sb for 20.6g/t AuEq from 78.3m.
  • ACDDH015 intersected the Bonanza East Shoot between 69.6m and 80.8m for a total downhole length of 11.2m.
  • The intersection contains significant visible stibnite mineralisation, including a very rich 5m section containing between 15-35% stibnite based on a combination of visual estimates and pXRF analysis. Assay results are awaited.
  • The Fraternal Shoot was intersected between 105m and 126m for a total downhole length of approximately 21m. The hole intersected moderate to strong acicular arsenopyrite throughout the hole, with moderate stibnite and quartz veining between 105m and 109m.
Executive Chairman Brain Rodan commented:

“It is pleasing to see the first drillhole of 2024 deliver some outstanding visual results and we look forward to the laboratory assays confirming our initial analysis in the coming weeks. The ongoing drilling at Auld creek is expected to add significantly to our understanding of the Antimony and Gold distribution within the mineralisation and will be used to update the Auld Creek Inferred MRE.

“Planning is well advanced to recommence drilling at Sams Creek next month to test the Anvil Zone where Siren recently identified a significant new drill target. 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 oz @ 2.8g/t Au1.

“Additionally, it is fantastic to see the support of the New Zealand Government in introducing the Fast Track Approvals Bill for accelerated development of major projects. This is a very positive step for mining projects in New Zealand and we look forward to working with the Government and key stakeholders to progress our exploration programs at Reefton and Sams Creek to mining permit status“.


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


Keep reading...Show less

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

Closeup lumps of gold on wooden table.

Discovery to Production: How Juniors are Rewriting the Gold Resource Playbook

Amid a sustained strong gold price, new opportunities are emerging for junior gold explorers to turn their discoveries into cashflow, not through the traditional M&A route, but through pathways to self-production. It’s a shift that is not only reshaping valuations and investor expectations, but the very nature of the junior mining sector.

For decades, the junior gold mining model has been predictable: make a discovery, build a resource, and then sell the project to a major producer. The goal was to de-risk an asset just enough to catch the attention of a larger company with the capital and processing infrastructure needed to bring it into production.

But as the gold price climbs and the competitive landscape tightens, that playbook could be changing — or at least, branching out. Increasingly, juniors are bypassing the “flip” stage and moving directly into production themselves.

Keep reading...Show less
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price Breaks US$3,700, Then Falls as Fed Cuts Rates

The US Federal Reserve held its sixth meeting of 2025 from Tuesday (September 16) to Wednesday (September 17) amid slowing growth in the country's jobs market.

The central bank met analysts’ expectations by lowering the federal funds rate by 25 basis points to the 4 to 4.25 percent range. It marks the first cut of 2025, after holding at the 4.25 to 4.5 percent range since December 2024.

Despite August consumer price index (CPI) data showing inflation rose to 2.9 percent from 2.7 percent in July, a weakening labor market became the focus of the Fed’s dual mandate of stable prices and maximum employment.

Keep reading...Show less
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.

The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has pushed the precious metal to record highs as market participants seek its perceived security.

And each time the gold price rises, there are calls for even higher record-breaking levels.

Keep reading...Show less
Prince Silver

Prince Silver Commences Fully Funded Drill Program at the Prince Silver Project in Nevada

Prince Silver Corp. (formerly Hawthorn Resources Corp.) (CSE:PRNC)(OTC:PRNCF) ("Prince Silver" or the "Company") is pleased to announce the commencement of a fully funded, 6,500-meter exploration drill program at its flagship Prince Silver Project, a past-producing silver-zinc-gold-lead property. The program is designed to expand known high-grade zones, validate historical drilling, and define the broader mineralized system across the property.

Key Highlights:

Keep reading...Show less

Latest Press Releases

Related News