Siren Gold (ASX:SNG) has identified further significant potential of its Auld Creek Prospect in New Zealand.
Highlights
• Auld Creek is the mineralized extension of the historical Globe Progress Mine which produced 1.1Moz at 10 g/t Au (open pit and underground).
• Trench FTTR018 at the southern end of the Fraternal Shoot intersected 8.3m @2.1g/t Au, 0.45% Sb for 3.3g/t AuEq. This trench has extended the strike of the Fraternal Shoot to 200m.
• BZTR008, the second trench in the Bonanza Shoot, intersected 6.0m @4.9g/t Au, 0.30% Sb for 4.9g/t AuEq, extending the strike of the shoots to 125m; and
• BZTR002 on the Bonanza West Shoot was extended now intersecting 3.4m @4.1g/t Au, 0.26% Sb for 4.8g/t AuEq.
• Drilling commenced with the first diamond hole targeting the Fraternal Shoot approximately 50m down plunge from trench FTTR001 which intersected 8.4m @19.7g/t Au, 5.3% sb for 32g/t AuEq.
“The Auld Creek prospect is located within three km of two mines that collectively produced 1.6Moz at 10g/t Au,” Executive Chairman, Brian Rodan, said.
“Siren has confirmed that high-grade gold and antimony (Sb) is evident along the mineralized trend that extends from Siren’s Big River project a further 12km to the south to Auld Creek where Siren currently has 22 granted drill pads.
“The recently commenced Diamond Drilling programme is presently focused on depth and strike extensions of the Auld Creek high-grade gold and antimony mineralized system. Previously reported Fraternal diamond drillhole true width intercepts include:
• 12.0m @4.1g/t Au, 2.9% Sb for 11.0g/t AuEq;
• 4.5m @3.0g/t Au, 3.2% Sb for 10.6g/t AuEq;
• 3.0m @4.1g/t Au, 4.1% Sb for 13.8g/t AuEq;
“We look forward to updating the market as the current drilling program advances”.
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 OceanaGold (OGL) mined an open pit and extracted an additional 600koz of gold from lower grade remnant mineralization around the historic Globe Progress mine.
For further information please visit: https://sirengold.com.au/
