Siren Gold Limited (ASX: SNG) has announced a Maiden JORC (2012) Mineral Resource Estimate (MRE) for the Big River Gold Project in New Zealand.
Highlights
• The Big River gold project consists of six identified gold mineralised shoots across more than 500m of strike, with potential to discover additional high-grade shoots.
• Maiden 105koz Resource at 3.94g/t Au defined from two of these six shoots (A2 Shoot and Shoot 4)
• Big River deposit remains open in all directions with significant potential for increased gold resources from additional exploration drilling.
• Gold soil geochemistry shows large untested anomalies at Big River mine and an untested three km long anomaly from the Golden Hill prospect to St George in the south.
• Siren’s Global Mineral Resource now stands at 1.1Moz at 3.1g/t Au (100% basis).
Background
The Big River project (comprised of Exploration Permit 60448) is located ~15km SE of Reefton. The project overlays the areas of the historic Big River Mine which produced ~136,000oz of gold at an average recovered grade of 34g/t between 1880 and 1942.
The historic underground mine workings have been modelled in 3D and this, coupled with historic mine reports, shows that four main ore shoots were mined around the Sunderland anticline. Shoot 1 was mined to Level 4, Shoot 2 to Level 6, Shoot 3 to Level 12 and Shoot 4 to Level 7, when the mine closed in 1942. Two new potential shoots, the A2 and Prima Donna, are located east and west of the Big River mine. The A2 shoot, Big River Mine and Prima Donna shoot combined cover a strike length of around 500m, which is overlaid by anomalous gold and arsenic soil geochemistry.
For further information please visit: https://sirengold.com.au/
