Siren Gold Restricted (ASX: SNG) (Siren or the Firm) is happy to offer the next abstract of its actions for the three months ended 30 June 2023.
Highlights
- World Useful resource elevated to 1.2Moz at 3.1g/t Au (100% foundation) at a 1.5g/t cut-off.
- Maiden Inferred Useful resource at Supreme of 103koz at 2.7g/t Au at a 1.5g/t cut-off.
- Drilling commenced at Auld Creek with the next intersections.
- ACDDH004 intersected 20.6m @ 5.9g/t Au, 2.6% Sb or 20.6m @ 12.0g/t AuEq, together with 4.6m @ 10.7g/t Au, 3.9% Sb or 4.6m @ 19.9g/t AuEq.
- ACDDH005 intersected 17.9m @ 2.3g/t Au, 0.1% Sb or 17.9m @ 2.6g/t AuEq.
- ACDDH007 intersected 26.5m @ 2.7g/t Au, 0.07% Sb or 26.5m @ 2.9g/t AuEq.
- An Auld Creek Exploration Goal mannequin was accomplished for the Fraternal Shoot based mostly on trench and drilling outcomes up to now. An Exploration Goal of 55koz to 65koz gold, 7,500 to eight,500t of antimony for 115koz to 130koz gold equal right down to 90m under floor has been estimated.
- Three extra trenches, on the northern and southern ends of the 1km lengthy Mt Lyell North mineralised zone, all returned important mineralisation; 2.4m @ 3.2g/t Au, 2m @ 3.1g/t Au and 1m @ 6.0g/t Au.
- The Langdons prospecting allow was granted for a 2-year interval on 25 Could 2023.
- A trial Ionic Leach soil survey detected the Sams Creek mineralisation over 500m under the floor. This survey will now be prolonged alongside the size of the Sams Creek Dyke and over the magnetic anomaly to outline the sub-surface mineralisation that may be focused by drilling.
Siren is a New Zealand focussed gold explorer, with two key initiatives within the higher South Island: Reefton (Reefton and Lyell goldfields) and Sams Creek (Determine 1).
Western New Zealand was initially a part of Gondwana and lay adjoining to japanese Australia till round 80 Ma in the past. The NW of the South Island of New Zealand contains an space of predominantly early Paleozoic rocks in broad northerly trending belts which terminate on the Alpine Fault (Determine 1). The Paleozoic sequence is split into the Buller Terrane, Takaka Central and Takaka Jap Belts.
These belts are interpreted to correspond with the Western, Central and Jap belts of the Lachlan Fold Belt. The Buller and Western Lachlan belts include orogenic gold deposits like Bendigo, Ballarat and Fosterville in Australia and the Reefton and Lyell Goldfields in New Zealand. The Jap Takaka and Jap Lachlan belts host porphyry-Au and porphyry copper-gold deposits, like Cadia and Ridgeway, respectively.
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