Siren Gold Limited (ASX: $SNG) has completed diamond drillhole ACDDH015, intersecting both the Bonanza East and Fraternal Shoots at the Auld Creek Prospect. The intersection contains significant visible stibnite mineralisation, including a very rich 5m section containing between 15-35% stibnite. The Executive Chairman, Brian Rodan, expressed satisfaction with the visual results and anticipation for the laboratory assays to confirm the initial analysis in the coming weeks.
It is pleasing to see the first drillhole of 2024 deliver some outstanding visual results and we look forward to the laboratory assays confirming our initial analysis in the coming weeks. The ongoing drilling at Auld creek is expected to add significantly to our understanding of the Antimony and Gold distribution within the mineralisation and will be used to update the Auld Creek Inferred MRE. Planning is well advanced to recommence drilling at Sams Creek next month to test the Anvil Zone where Siren recently identified a significant new drill target. Additionally, it is fantastic to see the support of the New Zealand Government in introducing the Fast Track Approvals Bill for accelerated development of major projects. This is a very positive step for mining projects in New Zealand and we look forward to working with the Government and key stakeholders to progress our exploration programs at Reefton and Sams Creek to mining permit status.
Siren Gold Limited (ASX: $SNG) has successfully completed diamond drillhole ACDDH015, intersecting significant mineralisation at the Auld Creek Prospect. The intersection contains visible stibnite mineralisation, with a rich 5m section containing between 15-35% stibnite. The company's strategy is to drill test all four mineralised shoots identified from soil sampling, surface trenching, and drilling. The ongoing drilling is expected to enhance the understanding of the Antimony and Gold distribution within the mineralisation and will be used to update the Auld Creek Inferred MRE. Siren also plans to commence drilling at Sams Creek next month to test the Anvil Zone and is encouraged by the New Zealand Government's support for accelerated development of major projects. The company aims to progress its exploration programs at Reefton and Sams Creek to mining permit status, reflecting its commitment to further exploration and potential mining opportunities.