Siren Gold Limited
Siren Gold Limited
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New Zealand’s largest undeveloped gold deposit, Sams Creek at the top end of the South Island, has grown to 807,772oz (8.9Mt @ 2.82g/t) in an updated JORC-compliant mineral resource estimate for Siren Gold.
The update by Measured Group, representing a 37.4% increase in contained ounces, includes a maiden 146,000oz (1.28Mt @ 3.56g/t) at the SE Traverse.
Siren says Sams Creek is open in all directions. It has identified multiple high-priority targets for resource growth in 2023.
Australian explorer Siren Gold is following up the potential for an underground development of New Zealand's largest undeveloped gold deposit, the Sams Creek project.
Sams Creek, in the Golden Bay region of the South Island, has been explored by previous owners considering an openpit mining scenario including large areas of low-grade mineralisation.
Australian explorer Siren Resources is following up the potential for an underground development of Sams Creek, New Zealand's largest undeveloped gold project.
Experienced mining journalist and commentator Ross Louthean, a long-time observer of the New Zealand minerals industry, explores the current and past influences behind Santana Minerals' drilling successes on the historic Bendigo-Ophir district in Otago.
Siren Gold has taken a further step towards its ambition of following in the footsteps of New Zealand’s only major gold producer, OceanaGold, with this month’s acquisition of the Sams Creek gold project at Golden Bay in the NW South Island.
But commentator Ross Louthean warns it will need to spend big and well on the historic mining area to meet mining status.
(COMMENTARY)
An investor presentation last week by Australian explorer Siren Gold shows it is hoping to walk in the footsteps of New Zealand’s only major gold producer, OceanaGold Corporation. By Ross Louthean
New ASX listing Siren Gold is targeting a start late this month of drilling on the Big River gold project in the Reefton Goldfields on New Zealand’s South Island, after completing a $A10M initial public offer that attracted very strong support from new investors.