Siren Gold Limited (ASX: SNG) has unveiled a JORC (2012) Mineral Resource Estimate (MRE) for the Supreme Gold Project in Reefton, New Zealand.
Highlights
• Mineral Resource Estimate (MRE) at Siren’s Supreme prospect of 103koz at 2.7g/t Au at a 1.5g/t cut-off.
• Supreme lies within the recently acquired Cumberland tenement along the main structural corridor that hosts all the larger mines in the Reefton Goldfield, and links through Globe Progress to Siren’s very promising Auld Creek Au-Sb prospect.
• Mineralization is a similar style to the historical Globe-Progress mine that produced 1.1Moz @6g/t Au.
• The MRE based on historical data down to only 200m depth with significant intersections including:
• 14.0m @3.5g/t Au;
• 14.0m @3.2g/t Au;
• 29.0m @2.6g/t Au;
• 10.0m at3.5g/t Au, and
• 9.5m @4.1g/t Au.
• The Supreme deposit remains open at depth, with significant potential for increased gold resources from additional exploration drilling.
• Siren’s Global Mineral Resource now stands at 1.2Moz at 3.1g/t Au (100% basis).
Background
The Cumberland permit comprises the northern and southern areas of the previous Globe Progress mining permit.
The Cumberland permit joins Siren’s Big River, Golden Point and Reefton South permits and abuts the Federation Mining permit, where they are currently developing the Snowy River underground mine to extract around 700koz of gold below the historic Blackwater mine.
For further information please visit: https://sirengold.com.au/
