Siren Gold Limited (ASX:SNG) has reported a significant increase in the Auld Creek Mineral Resource Estimate (MRE) at its Reefton Project. The updated MRE now stands at 210koz @ 7.7g/t AuEq, including 105koz @ 3.84g/t Au and 14.5kt of antimony @ 1.7% Sb. The resource, based on existing surface trenches and early 2024 drilling, extends to approximately 150m below the surface and remains open at depth. Siren's Reefton Project MRE now totals 588koz @ 4.7 g/t AuEq, contributing to the company's global MRE of 1.41Moz @ 3.4 g/t AuEq.
The updated Reefton MRE of 588koz AuEq positions the project for further drilling and development, with significant potential for expansion given the mineralisation trend continues at depth. The substantial 66% increase in antimony resource at Reefton could position New Zealand as a key supplier of this critical mineral, supporting global technology and clean energy transition. The Company is encouraged by New Zealand's efforts to map out critical minerals and develop strategies for growth and investment in mining, signaling a positive role for the country in the global supply chain for critical minerals.
Siren Gold Limited (ASX:SNG) has announced a remarkable increase in the Auld Creek Mineral Resource Estimate at its Reefton Project, with the updated MRE now standing at 210koz @ 7.7g/t AuEq. The company's Managing Director and CEO, Victor Rajasooriar, highlighted the project's potential for further drilling and development, emphasizing the outstanding opportunity for growth given the mineralisation trend continues at depth. Additionally, the substantial 66% increase in antimony resource positions Reefton as a potential supplier of this critical mineral, aligning with New Zealand's efforts to encourage growth and investment in mining. Siren Gold remains committed to extracting full value from its Reefton Project and contributing to the global supply chain for critical minerals.