Siren Gold Limited (ASX: SNG) is pleased to present a comprehensive update on its recent activities for the three-month period ending on June 30, 2023. During this period, the company achieved significant milestones that highlight its growth and progress in the mining industry.
Firstly, Siren’s Global Resource has expanded to an impressive 1.2 million ounces (Moz) of gold at an average grade of 3.1 grams per tonne (g/t Au) on a 100% ownership basis. This substantial increase in the resource base demonstrates the company’s commitment to exploration and its ability to uncover valuable gold deposits. The evaluation was conducted using a conservative cut-off grade of 1.5 g/t.
In addition to this remarkable achievement, Siren also established a Maiden Inferred Resource at its Supreme project. The resource estimate stands at 103,000 ounces (koz) of gold with an average grade of 2.7 g/t Au, exceeding the cut-off grade of 1.5 g/t. This accomplishment signifies the successful identification and assessment of gold reserves in a new area, further bolstering Siren’s asset portfolio.
Furthermore, the company initiated drilling activities at the Auld Creek site, which yielded promising results. One of the noteworthy intersections from the drilling campaign was made by ACDDH004, where a 20.6-meter stretch revealed high-grade mineralization. This segment contained an impressive concentration of 5.9 g/t Au and 2.6% antimony (Sb), or alternatively, an equivalent grade of 12.0 g/t AuEq. Within this interval, there was a notable subsection measuring 4.6 meters that exhibited even higher grades of 10.7 g/t Au and 3.9% Sb, or 19.9 g/t AuEq.
Another encouraging outcome emerged from ACDDH005, where a drill hole intersected a 17.9-meter section with a gold grade of 2.3 g/t Au and 0.1% Sb, or equivalently, 2.6 g/t AuEq. These findings underline the significant presence of gold mineralization within the Auld Creek project area, further validating its potential for future mining operations.
Siren Gold Limited continues to make substantial strides in its exploration and evaluation efforts, as evidenced by the expansion of the Global Resource and the establishment of the Maiden Inferred Resource at Supreme. The company’s commitment to growth is evident in its successful drilling campaign at Auld Creek, which exhibited promising high-grade intersections. With these achievements, Siren remains dedicated to unlocking the full potential of its mining assets and delivering value to its shareholders.
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