Siren Gold (ASX:SNG) has been granted the Blackwater South exploration permit, located about 4 kilometers south of the historic Blackwater mine. This area is believed to have significant potential for gold due to geological interpretations suggesting the continuation of the Birthday Reef trend. Siren Gold's move underscores its commitment to expanding its holdings in the Reefton Goldfield, an area known for its rich history of gold production.
Siren Gold Limited has been granted the Blackwater South exploration permit, emphasizing its strategic focus on expanding in the Reefton Goldfield. The permit, situated near the historic Blackwater mine, presents promising potential for gold mineralization. Historical data shows significant gold production from the original mine and suggests further opportunities in the area. Siren Gold plans to explore this newly granted area to uncover extensions of the Birthday Reef. This aligns with their ambitions to capitalize on the region's rich gold history and develop their holdings. With ongoing interest from other mining entities and Federation Mining's plans for production by 2026, Siren's exploration efforts are poised to contribute to future growth.
Siren Gold's new exploration permit at Blackwater South is strategically significant, given its proximity to Federation Mining's operations. The interest from other mining companies further underscores the potential value of our tenement packages.