Siren Intersects High Grade Gold and Antimony at Bonanza East

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

Highlights

• Five diamond holes have been completed at Auld Creek with all five holes intersecting significant mineralisation in the Bonanza East Shoot.
  • ACDDH011 intersected 5m @ 4.1g/t Au, 7.0% Sb for 20.6g/t AuEq from 78.3m, including 3.1m @ 6.5g/t Au, 11.4% Sb for 33.4g/t AuEq.
  • ACDDH014 intersected 2.7m @ 2.8g/t Au, 1.1% Sb for 5.3g/t AuEq.
  • ACDDH012 intersected 5m @ 2.1 g/t Au from 18.7m.
  • ACDDH011 also intersected the footwall of the Fraternal Shoot and the base of the block model, returning 1.7m @ 3.6g/t Au, 1.7% Sb for 6.8g/t AuEq.
  • ACDDH013 intersected 4.5m @ 1.6g/t Au, 1.7% Sb for 5.5g/t AuEq.
• The deepest hole ACDDH014 intersected the Bonanza Shoot approximately 75m below the surface and is open at depth.
• The next stage of drilling will target the untested Bonanza and Fraternal North mineralisation.

Executive Chairman Brian Rodan commented:

“Siren’s Auld Creek Prospect has once again proven its significance as a key project, with assays from recent drilling at Bonanza East returning high grades of gold & antimony from all five diamond holes.

The continued high-grade results from Auld Creek reinforce the potential to add considerably to the current high-grade Inferred resource of 132koz of AuEq at 7.1g/t AuEq with further drilling at depth and additional mineralised zones.

We are looking forward to our continued exploration focus and unlocking the full potential of the gold-antimony resource that Auld Creek can deliver.”

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.

More recently Oceana Gold Limited (OGL) mined an open pit and extracted an additional 600koz of gold from lower grade remnant mineralisation around the historic Globe Progress mine.

Collectively these mines produced 1.6Moz at 10g/t Au.

The Auld Creek Prospect represents high-grade gold-antimony (Sb) mineralisation that was potentially offset to the west, along NE-SE trending faults between Globe Progress and Crushington.

Siren has acquired the Cumberland exploration permit that was part of the Globe Progress mining permit. Siren now holds the ground immediately to the north (Auld Creek) and south (Cumberland) of the Globe Progress mine.

The gold-antimony mineralisation extends from Auld Creek south through Globe Progress and the Cumberland prospects (Figure 1) and on to Big River, a strike length of 12kms, with 9kms in Siren’s permits and 3kms in the remaining Globe Progress reserve area.

The Globe Progress mineralisation extends for over 200m vertically below the bottom of the open pit before it was offset by the Chemist Shop Fault (CSF). The offset mineralisation on the other side of the CSF has not been found.

Soil sampling and trenching at Auld Creek has defined an arsenic soil anomaly over 700m along strike and clearly defines the Fraternal and Bonanza mineralisation (Table 1 and Figure 2). The Fraternal zone has been subdivided into the Fraternal and Fraternal North zones and Bonanza into the Bonanza and Bonanza East zones. The Fraternal and the Bonanza zones dip steeply to the west, while the Bonanza East zone dips steeply to the east and appears to link the two west dipping mineralised zones (Figures 2 & 3).

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